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.