Andlauer Management Group Inc.

November 16, 2007 08:18 ET

Andlauer Management Group Increases Investment in ATS Andlauer Income Fund

TORONTO, ONTARIO--(Marketwire - Nov. 16, 2007) - Andlauer Management Group Inc. ("AMG"), a corporation controlled by Michael Andlauer, announces that it has acquired 6,900 units ("Units"), which, together with 180,700 Units previously purchased by AMG, represent approximately 2% of the outstanding Units of ATS Andlauer Income Fund (the "Fund"). AMG also owns indirectly through 3618358 Canada Inc., formerly ATS Andlauer Transportation Services Inc., 2,316,442 exchangeable limited partnership units ("Exchangeable LP Units") of ATS Andlauer Transportation Services Limited Partnership ("ATS Andlauer LP") which are exchangeable on a one-for-one basis for Units of the Fund. The Exchangeable LP Units owned by 3618358 Canada Inc. are exchangeable into an aggregate of 2,316,442 Units, representing 20% of the outstanding Units of the Fund on a fully diluted basis.

The purchase of the Units of the Fund was made through the facilities of the Toronto Stock Exchange for investment purposes. Each of 3618358 Canada Inc., AMG and Mr. Andlauer may in the future take such actions in respect of its holdings as it may deem appropriate in light of the circumstances then existing, including the purchase of additional Units or other securities of the Fund through open market purchases or privately negotiated transactions, or the sale of all or a portion of its holdings in the open market or in privately negotiated transactions to one or more purchasers.

Contact Information

  • Andlauer Management Group Inc.
    Michael Andlauer
    Suite 600, 190 Atwell Drive
    Etobicoke, Ontario M9W 6H8
    (416) 798-1379