FMG Acquisition Corp. (OTCBB: FMGQ; FMGQW; FMGQU) (“FMG”
or the “Company”)
announced that it has filed a Supplement Proxy Statement (the “Supplement”)
with the Securities and Exchange Commission.
Among other matters, the Supplement states that, as previously
disclosed, a special meeting of stockholders will be held at 10:00 a.m.
on September 29, 2008 at the offices of Ellenoff Grossman & Schole, LLP,
150 East 42nd Street, 11th Floor, New York, New York where stockholders
of record as of September 5, 2008 will vote with respect to (among other
proposals) the proposed acquisition of United Insurance Holdings, L.C.
About FMG Acquisition Corp.
FMG Acquisition Corp. is a blank check company formed in Delaware on May
22, 2007 to acquire a business operating in or providing services to the
insurance industry through a merger, capital stock exchange, asset
acquisition, stock purchase or other similar business combination. FMG’s
initial public offering was consummated on October 11, 2007, receiving
net proceeds of $37.6 million through the sale of 4.7 million units at
$8.00 per unit. Each unit is comprised of one share of FMG common stock
and one warrant with an exercise price of $6.00. As of June 30, 2008,
FMG held $37.5 million (or approximately $7.91 per share) in a trust
account maintained by an independent trustee, which will be released
upon the consummation of the business combination.
Forward Looking Statements
This press release may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 about
FMG. Forward-looking statements are statements that are not historical
facts. Such forward-looking statements, based upon the current beliefs
and expectations of FMG’s management, are
subject to risks and uncertainties, which could cause actual results to
differ from the forward-looking statements. The information set forth
herein should be read in light of such risks. FMG assumes no obligation
to update the information contained in this press release.
FMG Acquisition Corp.
Larry G. Swets, Jr., 630-626-4391
Chief
Financial Officer
or
Investor Relations:
The
Equity Group Inc.
Adam Prior, 212-836-9606
Vice President
aprior@equityny.com
