The Quantum Group, Inc. Expands Board of Directors and Elects Gregg M. Steinberg

The Quantum Group, Inc. Expands Board of Directors and Elects Gregg M. Steinberg



WELLINGTON, Fla., March 9  /PRNewswire-FirstCall/ -- The Quantum Group, Inc. 
(BULLETIN BOARD: QTUM)  announced today that its Board of Directors have named
Gregg M. Steinberg to the Board. Mr. Steinberg is a seasoned executive President
of 10 operating companies, which combined form the largest consulting firm in
the world, delivering a broad spectrum of management consulting and other
professional services to the small and medium-sized business marketplace.  These
various entities are known in the marketplace as International Profit
Associates.

With operations in the U.S. and Canada, the combined IPA companies have 1700+
employees throughout North America.  IPA was listed by INC. magazine in the INC.
500 as the eighth and ninth fastest-growing private company in America October
1996 and October 1997 respectively. Consultant's News ranked IPA/IBA the 27th
largest Operations Management Consulting firm in the worldand the 39th largest
Strategy Consulting firm in the world in recent rankings. Crains Chicago
Business has ranked the company as one of the largest consulting firms in
Illinois for the last eight consecutive years (ranked #8 in 2003). 
Additionally, IPA was named as a finalist in the 1995 Entrepreneur of the Year
Award, as sponsored by INC. magazine and Merrill Lynch.

Mr. Steinberg joined IPA in 1992 (company revenues $5 million), became its CFO
in 1995 (company revenues $24 million), and took over as President in 1997
(company revenues $54 million). 2003 annual revenue was $183.5 million, and 2004
revenues are anticipated to exceed $200 million.

Mr. Steinberg's affiliations and memberships include:  Young President's
Organization (YPO), AmericanManagement Association (AMA), Turnaround Management
Association (TMA), Institute of Management Consultants (IMC), Association of
Management Consulting Firms (AMCF formerly ACME), National Association of
Certified Valuation Analysts (NACVA), Center for Entrepreneurial Management
(CEM), Birthing of Giants '99 (Entrepreneurial forum sponsored by INC. magazine,
MIT and Young Entrepreneurs Organization (YEO)).  Civic responsibilities include
past Board member, Jewish Community Centers of Chicago; past Board Member and
Chairman for various committees, Jewish Council for Youth Services; current
member of The Mankind Project, leadership roles with the Weizmann Institute for
Science, and the Suburban Human Rights Commission.

Noel J. Guillama, Chairman of Quantum commented on the election of Mr.
Steinberg, "The addition of Gregg Steinberg to our Board of Directors completes
the governance structure of our Company envisioned when we first organized.
Seeing someone with Mr. Steinberg's internationally recognized talents and
hard-core operating experience in strategic planning, organization, operations
and financial management will be an incalculable positive for our Company." Mr.
Guillama further added, "We embark into 2004, energized with a sound vision,
well structured relationships and the ability to provide real solutions to the
healthcare industry".

About The Quantum Group, Inc.

The Quantum Group, Inc. (QUANTUM) is a Wellington, Florida-based development
stage company, providing healthcare services, products, technology solutions,
and venture management.  As the U.S. government and healthcare industry are
desperately seeking ways to reduce ever-increasing healthcare costs, The Quantum
Group's highly experienced management team has identified the key trends in the
exploding healthcare field. The Company is currently developing its business in:
outsourcing for physicians, health maintenance organizations, healthcare
facilities, physician associations; developing new technologies to create a more
effective and responsive healthcare system; and providing leading-edge
healthcare services to consumers. These components are the key pivotal points in
society's efforts to reduce healthcare costs.

Current healthcare spending in the United States accounts for 15.5 percent of
the nation's gross domestic product, or G.D.P. The Department of Health and
Human Services (HHS) announced that healthcare spending shot up 9.3 percent in
2002, the largest increase in 11 years, to a total of $1.55 trillion. The
current estimates from HHS put current spending at $1.8 trillion. That
represents an average of over $5,500 for each person in the United States.
Further HHS projections place healthcare spending at 18.4 percent of GDP, by
2013 for a total amount of $3.4 trillion. According to President George W.
Bush's proposed 2005 Federal Budget recently released, Medicare Advantage growth
is projected to increase nearly 100% over the next 4 years.  In addition, actual
"per member per month" (PMPM) payments to Managed Care Organizations (MCO) are
expected to be increased by a record 10.6% in the budget.

The Company's website is located at http://www.thequantumgroupinc.com/ 

DATASOURCE: The Quantum Group, Inc.



CONTACT:  Noel J. Guillama, President, The Quantum Group,

[phone], or 



Web site:  http://www.thequantumgroupinc.com/

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