CHICAGO, March 6, 2012 /CNW/ - Atlas Financial Holdings, Inc. ("Atlas" or the "Company";TSXV:AFH) announced today that that it will be releasing its 2011 fourth quarter and full year financial results on the morning of March 26, 2012 with a conference call to follow at 8:30 a.m. (Eastern Time). To access the call, approximately five minutes before the start time please dial 800-593-0693 and, when asked, provide the operator with passcode "Atlas". Questions will be taken at the end of the call and may also be submitted in advance via email to [email protected]. Following the call, an audio webcast will be available and can be accessed at www.atlas-fin.com/atlas_investor_relations.html.
In 2011, the company's majority common shareholder base changed from non-U.S. to U.S. Pursuant to exchange regulations, fourth quarter and full year 2012 financials will be issued using U.S. Generally Accepted Accounting Principles ("GAAP"), and will be filed on both EDGAR and SEDAR. Previously released financial statements for first, second and third quarter 2011 will also be re-issued in U.S. GAAP versus International Financial Reporting Standards ("IFRS"). The change in applicable accounting principles, which is required for financial reporting issued after January 1, 2012, is the sole reason for re-statement of the previously released financial statements.
Atlas' common stock will continue to trade on the TSX Venture Exchange under the symbol "AFH".
The primary business of Atlas is commercial automobile insurance in the United States , with a niche market orientation and focus on insurance for the "light" commercial automobile sector including taxi cabs, non-emergency paratransit, limousine/livery and business auto. The business of Atlas is carried on through its operating insurance subsidiaries American Country Insurance Company and American Service Insurance Company, Inc. Atlas' operating insurance subsidiaries have decades of experience with a commitment to always be an industry leader in these specialized areas of insurance.
Additional information about Atlas, including a copy of the Company's most recent financial statements and MD&A, can be accessed on the Canadian Securities Administrators' website at www.sedar.com or through the Company's website at www.atlas-fin.com.
Notice regarding forward-looking statements:
This release includes forward-looking statements regarding the Company and its subsidiaries and businesses. Such statements are based on the current expectations of the management of each entity. The words "anticipate", "expect", "believe", "may", "should", "estimate", "project", "outlook", "forecast" or similar words are used to identify such forward looking information. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting the companies, including risks regarding the insurance industry, economic factors and the equity markets generally and the risk factors discussed in the "Risk Factors" section of our Management Discussion and Analysis and Annual Report for the year ended December 31, 2010 . No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Company and its subsidiaries undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information:
Scott Wollney, Chief Executive Officer of Atlas Financial Holdings, Inc. at 847-700-8600