Contact Information: Investor Contact: Philip Kranz Dresner Corporate Services 312-780-7240 pkranz@dresnerco.com
Universal Insurance Holdings, Inc. Announces a Typographical Error in Recently Filed Form 10-KSB
| Source: Universal Insurance Holdings, Inc.
FORT LAUDERDALE, FL--(Marketwire - April 3, 2008) - Universal Insurance Holdings, Inc.
("UIH") (AMEX : UVE ), a vertically integrated insurance holding company,
announced today a typographical error in the headings of certain of the
financial statements in its Annual Report on Form 10-KSB as filed with the
SEC on March 17, 2008. The Company confirms that its financial statements
for the year ended December 31, 2007, as filed, are audited. The Company
regrets the error and will be filing promptly a corrective amendment to its
Form 10-KSB.
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
five leading writers of homeowners insurance in the state of Florida and
has aligned itself with well respected service providers in the industry.
Cautionary Language Concerning Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995. The words
"believe," "expect," "anticipate" and "project," and similar expressions
identify forward-looking statements, which speak only as of the date the
statement was made. Such statements may include, but not be limited to,
projections of revenues, income or loss, expenses, plans, and assumptions
relating to the foregoing. Forward-looking statements are inherently
subject to risks and uncertainties, some of which cannot be predicted or
quantified. Future results could differ materially from those described in
forward-looking statements.