New Atlas results paint cold reality: Reworked financials worse than expected

Article Abstract:

Atlas Cold Storage Income Trust has unveiled reworked financial results for a period ranging from 2001 till the third quarter of 2003 that are far worse than previously reported. The new chairman of the Toronto-based trust has stated that tracking the people responsible for manipulating the numbers is high on the agenda of the new board of directors.

Income trusts

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Atlas axes CFO after scandal: 'Clearly a change had to be made'

Article Abstract:

The Atlas Cold Storage Income Trust has suspended its cash distributions for one quarter because of numerous special charges and poor performance by its Canadian trucking operations. The Trust also terminated its chief financial officer Andrew Peters.

Legal issues & crime, Executive changes & profiles, Parent-to-subsidiary activities, Subsidiary-to-parent activities, Local trucking with storage, Officials and employees, Company legal issue, Investigations, Appointments, resignations and dismissals, Storage and moving industry, Subsidiaries, divisions and units, Atlas Cold Storage and Logistics, Peters, Andrew

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