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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 Executes Plan to Expand Medicare Advantage Options to Include Seven Florida Counties

10/02/2005 4:49pm

PR Newswire (US)


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The Quantum Group Executes Plan to Expand Medicare Advantage Options to Include Seven Florida Counties WELLINGTON, Fla., Feb. 10 /PRNewswire-FirstCall/ -- The Quantum Group, Inc. (OTC:QTUM) (BULLETIN BOARD: QTUM) announced today that it has executed a second Letter of Intent with a Florida Health Maintenance Organization (HMO) to build and manage a new Medicare Advantage Community Health System (CHS) in an additional five Florida counties, bringing Quantum's CHS to seven counties. "Through this newly expanded territory and other opportunities currently in negotiation and development, we expect to have material operations before the end of 2005 and have aggressive CHS expansion into 2006," commented Noel J. Guillama, president of The Quantum Group, Inc. Mr. Guillama further commented, "We now have a mandate to build and manage Community Health Systems in seven of the most dynamic and growing counties in Florida. These counties collectively have a total Medicare-eligible population of over 400,000 individuals -- of which approximately only 75,000 are currently enrolled in the Medicare Advantage program. We seek to provide more alternatives to the more than 375,000 people that have not joined the program." Renaissance Health Systems (RHS), a division of the Quantum family of companies, will be responsible for the management of the day-to-day operations. The mission of 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 $1.79 trillion 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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