ATS Andlauer Income Fund
TSX : ATS.UN

ATS Andlauer Income Fund

March 18, 2008 09:02 ET

ATS Andlauer Income Fund (TSX:ATS.UN) Press Release

TORONTO, ONTARIO--(Marketwire - March 18, 2008) - ATS Andlauer Income Fund (the "Fund") (TSX:ATS.UN) announced today that, at the request of the Ontario Securities Commission, it has re-filed its Management's Discussion and Analysis ("MD&A") for the year ended December 31, 2007, to add a written conclusion regarding the effectiveness of the Fund's disclosure controls and procedures. The original annual MD&A filed on February 22, 2008 inadvertently failed to include a statement regarding the CEO's and CFO's conclusions concerning the effectiveness of the Fund's disclosure controls and procedures. As of March 18, 2008, the Fund maintains its conclusion that its disclosure controls and procedures were effective for the year ending December 31, 2007, and is confident that there were no financial transactions and no material matters arising from the Fund's activities during the year with which senior officers were not familiar. There has been no restatement of any financial information previously filed. The re-filed MD&A may be accessed at www.sedar.com or on the Fund's website at www.atsincomefund.ca.

The Fund is an open-ended trust that holds, indirectly, securities of ATS Andlauer Transportation Services Limited Partnership ("ATS Andlauer LP"). ATS Andlauer LP is a leading single source transportation solutions provider in Canada, providing integrated trucking, courier, air freight and value added transportation and distribution services to consumer product companies. It operates facilities in 23 centres across Canada and serves approximately 1,400 diversified customers.

The Fund's units trade on the Toronto Stock Exchange under the symbol ATS.UN.

FORWARD LOOKING STATEMENTS

Except for historical information provided herein, this press release may contain information and statements of a forward-looking nature concerning the future performance of the Fund. These statements are based on suppositions and uncertainties as well as on management's evaluation of future events. Such factors may include, without excluding other considerations, fluctuations in quarterly results, evolution in customer demand for the Fund's services, the impact of price pressures exerted by competitors, and general market trends or economic changes. As a result, readers are advised that actual results may differ from expected results. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on these and other factors that could affect the Fund's operations or financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com) or at the Fund's website (www.atsincomefund.ca). Furthermore, the forward-looking statements contained in this news release are made as of the date of this news release, and the Fund undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities law.

Contact Information

  • ATS Andlauer Transportation Services GP Inc.
    Brian Mascarenhas
    President & Chief Financial Officer
    (416) 798-1379
    or
    ATS Andlauer Transportation Services GP Inc.
    Maggie Smith, CA
    Information & Governance Officer
    (416) 679-7900
    or
    ATS Andlauer Transportation Services GP Inc.
    Suite 600, 190 Attwell Drive
    Etobicoke, Ontario M9W 6H8