Atlas Financial Holdings, Inc. (NASDAQ: AFH; TSX.V: AFH) (“Atlas” or
the “Company”) announced today that the minimum tender condition
included in the Company’s previously announced tender offer (the
“Offer”) related to its outstanding warrants was not satisfied and the
Offer expired on May 17, 2013. Accordingly, no warrants will be taken up
by the Company under the Offer.
About Atlas
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 insurance subsidiaries
American Country Insurance Company, American Service Insurance Company,
Inc. and Gateway Insurance Company. Atlas' insurance subsidiaries have
decades of experience with a commitment to always being an industry
leader in these specialized areas of insurance.
For more information about Atlas, please visit www.atlas-fin.com.
Financial Information
Atlas' financial statements reflect consolidated results of Atlas'
subsidiaries: American Insurance Acquisition Inc., American Country
Insurance Company and American Service Insurance Company, Inc.
Additional information about Atlas, including a copy of Atlas' 2012 Form
10-K financial statements and Management Discussion & Analysis, can be
accessed on the Canadian Securities Administrators' website at www.sedar.com,
via the U.S. Securities and Exchange Commission internet site at www.sec.gov
or through Atlas' website at www.atlas-fin.com.
Forward-Looking Statements:
This release includes forward-looking statements regarding Atlas and its
insurance 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 the
Company's 2012 Form 10-K. 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 Atlas 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.
<div class="copyright">
Copyright Business Wire 2013
</div>