ATS Andlauer Income Fund Retains Financial Advisors

TORONTO, ONTARIO--(Marketwire - Aug. 25, 2008) - ATS Andlauer Income Fund (TSX: ATS-UN.TO) announced today that the independent committee of its board of trustees has engaged Genuity Capital Markets as financial advisors to assist the independent committee in its consideration of the previously announced conditional proposal by Andlauer Management Group Inc. to acquire all of the units of the Fund at a price of C$11.75 per unit.

The independent committee has retained TD Securities Inc. to prepare the formal valuation of the Fund required under applicable securities law for the proposed insider bid by Andlauer Management Group Inc.

The Fund also announced today that, in connection with its recently announced Unitholders' Rights Plan, the Fund has been advised by the Toronto Stock Exchange that in accordance with its usual practice where a proposed takeover bid has been announced, the TSX will defer its consideration of the plan. The Unitholders' Rights Plan remains in effect in accordance with its terms.

The Fund is an open-ended trust that holds, indirectly, securities of ATS Andlauer Transportation Services Limited Partnership. 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.

Additional information relating to the Fund, including all public filings, is available on www.sedar.com and on the Fund's website at www.atsincomefund.ca.

Contacts

David I. Matheson
ATS Andlauer Income Fund
Chairman of the Board
(416) 865-7219
Website: www.atsincomefund.ca