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QTUM Defiance Quantum ETF

57.72
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Name Symbol Market Type
Defiance Quantum ETF AMEX:QTUM AMEX Exchange Traded Fund
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 57.72 0 00:00:00

The Quantum Group Announces Execution of 3rd Letter of Intent in Support of Community Health System Initiative

17/02/2005 2:00pm

PR Newswire (US)


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The Quantum Group Announces Execution of 3rd Letter of Intent in Support of Community Health System Initiative WELLINGTON, Fla., Feb. 17 /PRNewswire-FirstCall/ -- The Quantum Group, Inc. (OTC:QTUM) (BULLETIN BOARD: QTUM) announced today that its subsidiary company, Renaissance Health Systems (RHS), Inc., has executed a third Letter of Intent to build a Community Health System (CHS) in South Florida consisting of three counties. This new CHS is designed specifically for the new Medicare Advantage program in support of the Center for Medicare Services' (CMS) initiative to provide more healthcare options to seniors. This new area represents a total Medicare-eligible population of over 840,000 lives. "With the execution of this third Letter of Intent, Renaissance has been contracted to build systems throughout Florida. Pending final contracts in negotiations and the continued assembling of personnel, we expect to be generating revenues in less than 90 days," commented Noel J. Guillama, President of The Quantum Group, Inc. He further stated, "With our integrated approach to healthcare services, outsourcing and technology, we feel that Quantum is well positioned to be a one-stop solutions provider for the medical community by creating a more effective and efficient medical delivery system." In a meeting held with company stakeholders, Mr. Guillama explained, "Renaissance Health Systems has developed a new model for the benefit of patients, providers and insurers alike -- the Community Health System or CHS. In a CHS, the patient is recognized as the true consumer of healthcare services. Patients are engaged to actively work along side their physician in pursuit of their improved healthcare lifestyle. This tandem approach to a patient's health benefits the insurer, the physician and most importantly the patient as it emphasizes a proactive approach to wellness." A recent study conducted by the Center for Health Statistics, a division of the North Carolina Division of Public Health, concluded that 11% of hospitalizations could have been avoided with primary care intervention. The mission of Renaissance Health Systems (RHS) is to provide quality, proactive and cost-effective healthcare to our patients while simultaneously improving their quality of life and lifestyle. The Quantum Group, Inc. is a Wellington, Florida-based healthcare company, providing outsourcing, technology-based solutions, government compliance, education, policy consulting and venture management to the healthcare industry. Quantum is currently involved in: outsourcing for physicians, managed care organizations, healthcare facilities, and physician associations; developing three patent-pending healthcare solutions identified as Cybernaptics(SM), Quantum Quotient(SM) (or QX2)(SM) and MDAutomated(SM), all with the intention to provide new efficiencies to the $1.6 billion U.S. healthcare system; and providing leading-edge healthcare services to consumers. The Quantum Group -- "healthcare solutions for a new generation."(SM) Certain statements contained in this news release, which are not based on historical facts, are forward-looking statements as the term is defined in the Private Securities Litigation Reform Act of 1995, and are subject to uncertainties and risks in part detailed in the respective company's Securities and Exchange Commission 10-K, 10-Q, S-8 and 8-K filings, that may cause actual results to materially differ from projections. Although the company believes that its expectations are reasonable assumptions within the bounds of its knowledge of its businesses and operations; there can be no assurance that actual results will not differ materially from their expectations. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include the company's ability to execute properly its new business model, to raise additional capital to implement new business model, the ability to attract and retain personnel, and the inherent risk associated with a diversified business to achieve positive cash flow. In light of these risks and uncertainties, there can be no assurance that the forward-looking information contained in this report will, in fact, occur. Media Contact: Danielle Amodio Director of Corporate Communications The Quantum Group, Inc. 561.798.9800 DATASOURCE: The Quantum Group, Inc. CONTACT: Danielle Amodio, Director of Corporate Communications, The Quantum Group, Inc., +1-561-798-9800 Web site: http://www.thequantumgroupinc.com/

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