Universal Insurance Holdings, Inc. Selects Dresner Corporate Services for Investor Relations
FORT LAUDERDALE, FL–(Marketwire – June 11, 2007) – Universal Insurance Holdings, Inc. (
Fort Lauderdale-based Universal Insurance Holdings, Inc. said that Dresner Corporate Services will assist the Company in communicating its strategy to shareholders and the investment community. The Company recently moved from the OTC Bulletin Board to the American Stock Exchange and posted profitable growth for the first quarter ended March 31, 2007.
“Given our financial results in 2006 and early 2007, we have a compelling story to tell to the investment community, who remains largely unfamiliar with our Company. We look forward to tapping the investor relations expertise of Dresner Corporate Services in attracting increased interest in the Company,” said Bradley I. Meier, president and chief executive officer for Universal Insurance Holdings. “We believe that Dresner will help us to enhance our shareholder communications and bring our niche story to a wider base of potential investors, analysts, and customers.”
“Universal Insurance Holdings offers smart solutions, financial security and unsurpassed service to its customers,” said Steve Carr, managing director, Dresner Corporate Services. “We are very enthusiastic about Universal Insurance Holdings’ mission and look forward to aiding the Company in obtaining broader exposure in the investment community.”
About Universal Insurance Holdings, Inc.
The Company is a vertically integrated insurance holding company operating solely in the state of Florida. Through its subsidiaries, the Company is currently engaged in insurance underwriting, distribution and claims. Universal Property & Casualty Insurance Company (UPCIC), which generates revenue from the collection and investment of premiums, is one of the top 10 leading writers of homeowners insurance in the state of Florida and has aligned itself with well respected service providers in the industry.
Readers should refer generally to reports filed by the Company with the Securities and Exchange Commission (SEC), and specifically to the Company’s Form 10-KSB for the year ended December 31, 2006 for a discussion of the risk factors that could affect its operations. Such factors include, without limitation, exposure to catastrophic losses; reliance on the Company’s reinsurance program; underwriting performance on catastrophe and non-catastrophe risks; the ability to maintain relationships with customers, employees or suppliers; and competition and its effect on pricing, spending, third-party relationships and revenues. Additional factors that may affect future results are contained in the Company’s filings with the SEC, which are available on the SEC’s web site at https://www.sec.gov. The Company disclaims any obligation to update and revise statements contained in this press release based on new information or otherwise.
About Dresner Corporate Services
Dresner Corporate Services (DCS) is a strategic communications firm specializing in public and investor relations. DCS is focused on delivering tangible, measurable results leading to a superior return on investment for its clients. Through a structured process emphasizing a balance of quantitative and qualitative analysis, the agency helps its clients clarify and package their messages, then target audiences in investment, business and consumer marketplaces. DCS is affiliated with Dresner Partners, a NASD registered middle-market investment bank which provides financial advisory services including institutional private placements of debt and equity, merger & acquisition advisory, and valuation and strategic consulting. More information is available at www.dresnerco.biz.
Investor Contact: Philip Kranz Dresner Corporate Services 312-780-7240 pkranz@dresnerco.com Kristine Walczak Dresner Corporate Services 312-780-7205 kwalczak@dresnerco.com