ATS Andlauer Income Fund Announces Distributions for Third Quarter 2008

TORONTO, ONTARIO–(EMWNews – July 17, 2008) – ATS Andlauer Income Fund (the “Fund”) (TSX:ATS.UN) announced today its monthly distributions for each of the months of July, August and September 2008 as follows:

                           Distribution      Ex-Distribution    Distribution
Record Date                        Date                 Date        per Unit
-----------                ------------      ---------------    ------------

July 31, 2008           August 15, 2008        July 29, 2008         $0.0974
August 29, 2008      September 15, 2008      August 27, 2008         $0.0974
September 30, 2008     October 15, 2008   September 26, 2008         $0.0974

For those unitholders holding units outside a tax deferred plan, the Fund estimates that 98% of the distributions made in 2008 will be treated as taxable income for Canadian income tax purposes and the balance as return of capital. The proportion of these figures may change when the actual results for the fiscal year are calculated.

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.

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.

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.