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To: Glenn Petersen who wrote (1881)	9/30/2008 9:13:00 AM
From: Glenn Petersen	Respond to of 3862

The shareholders of FMG Acquisition (stock symbol: [t]FMGQ[/t]) have approved the acquisition of United Insurance Holdings: FMG Acquisition Corp. Announces Shareholder Approval for Merger with United Insurance Holdings L.C. Monday September 29, 11:31 am ET FARMINGTON, Conn. & ST. PETERSBURG, Fla.--(BUSINESS WIRE)--FMG Acquisition Corp. (OTCBB: FMGQ; FMGQW; FMGQU) (“FMG” or the “Company”) today announced that its stockholders have approved the merger with United Insurance Holdings L.C. (“United”), an underwriter of homeowners and selected small business insurance in the state of Florida. The vote to approve the merger took place today at FMG’s special meeting of stockholders, and the closing of the merger is expected to be effective later today. As a result of the merger, FMG will change its name to United Insurance Holdings Corp., and continue to trade on the OTCBB under the symbols FMGQ, FMGQW, and FMGQU until a new symbol is issued. In addition to approving the merger, the FMG stockholders also approved certain amendments to FMG’s certificate of incorporation and the election of three United members to the Company’s Board of Directors. United’s Chairman, Greg Branch, stated, “This vote marks an historic new chapter in United’s history. As a result of the merger, we will be a financially stronger and more transparent company. Since our founding, we have remained committed to being a responsive, stable and innovative insurance provider and to grow our business profitably by being proactive in a changing insurance environment. We are confident that the merger will help us to further strengthen our position in Florida’s homeowners insurance market, and in so doing will enhance the long-term value of United for its shareholders.” United Business Highlights United began operations over nine years ago to capitalize on favorable market conditions by underwriting homeowners insurance and selected small business insurance through a broad distribution network across the state of Florida. The majority of United’s premium’s and policies are through homeowners insurance, which it distributes through approximately 200 agency groups dispersed throughout the state. The market is highly fragmented, as United represents just 1.0% of the Florida homeowners insurance market. United has strong relationships with top vendors in all aspects of its operations, including risk modeling, policy administration, IT, and actuarial services, which it believes provides United with a competitive advantage over many other insurance providers in Florida. United’s CEO, Don Cronin, stated, “At United, we are focused on optimizing the balance between risk management and profitable growth. One of the primary requirements of every homeowner insurance provider in a potential storm area is to expertly manage this risk. This requires a proper balance of capital on hand, reinsurance protection, and underwriting experience. We believe that United’s competitive advantage in this area lies in our disciplined underwriting analysis and principles. We feel that our company is now in the strongest position in its history to handle potential adverse weather events. We are ever-vigilant of potential exposures and believe that United outperforms our competition in this area. We feel we have the right management team in place to carry out all of our business goals, and believe that this successful merger will increase our flexibility and access to capital while also increasing our visibility within our industry.” Gordon Pratt, FMG’s Chairman and CEO, stated, "We at FMG are very pleased to have completed this merger and to be shareholders of United. Having worked intensely with the company and its management team over the past year, we are confident that the company will continue to capitalize on growth and expand its property and casualty insurance opportunities within Florida and other areas of opportunities. We look forward to working with Greg, Don and the entire United senior management team to help achieve all of our strategic objectives.” Upcoming Reporting Schedule The Company expects to report financial results for its third quarter and nine-months ended September 30, 2008 within the required 45 day period after the end of the three-month period in accordance with the requirements under the Securities Exchange Act of 1934. About United Insurance Founded in 1999, United Insurance Holdings, L.C. underwrites homeowners insurance and selected small business insurance in the state of Florida. From its headquarters in St. Petersburg, United’s team of dedicated employees manages a completely integrated insurance company, including sales, underwriting, policyholder service and claims. The Company distributes its homeowners, dwelling fire, flood and garage liability products through over 200 agency groups and conducts business through three wholly-owned subsidiaries. Homeowners insurance constitutes the majority of United’s premiums and policies. Snip> biz.yahoo.com