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The Quantum Group Reaches Agreement With Sunbelt Business Brokers
to Identify and Procure Acquisitions
WELLINGTON, Fla., Aug. 16 /PRNewswire-FirstCall/ -- Wellington-based The
Quantum Group, Inc. (OTC:QTUM) (BULLETIN BOARD: QTUM) , has reached an
agreement with Sunbelt Business Brokers of Southeast Florida, whereby Sunbelt
will be the exclusive broker for The Quantum Group's healthcare acquisition
strategies.
The Quantum Group is actively pursuing its goal to provide the healthcare
industry with solutions that maximize productivity through its outsourcing
services. President and CEO of The Quantum Group, Noel J. Guillama, commented,
"The relationship that has been established with Sunbelt is the next step
towards the fulfillment of Quantum's mission -- to provide solutions for the
overburdened healthcare industry." Guillama, a recognized national expert in
the field of healthcare and healthcare services continued, "The entire Quantum
team is highly energized and is rising unabashedly towards the challenges and
opportunities that lie in our path."
Neil Swartz, Senior Business Broker and the exclusive representative to
Quantum, added, "We are excited to work with a dynamic company such as The
Quantum Group. With the resources that Sunbelt has, combined with the medical
expertise of Quantum, this is surely a winning combination." Swartz further
added, "We have been given the mission to identify and procure medical billing
companies, human resources outsourcing, medical consulting and certain
strategic medical practices in specific Florida counties."
The establishment of this relationship marks another benchmark in the overall
development strategy of The Quantum Group, who recently announced the intent to
acquire Tektonica-USA, Inc., a construction firm that will specialize in
build-outs and renovations for the healthcare industry; and consolidated both
Renaissance Health Systems, Inc., a new healthcare delivery system model called
the Community Health System, and Quantum Medical Technologies, Inc., whose
focus is to develop new and revolutionary technology for use in the healthcare
industry. The Company also signed a letter of intent on August 4, 2004 to
acquire a medical billing and collections software platform for medical
practices. Furthermore, Quantum announced the launch of its new prototype
medical association interactive and educational website that was built for the
Broward County Medical Association (http://www.bcma.com/).
The agreement with Sunbelt is effective immediately and both Mr. Guillama and
Mr. Swartz exude confidence in this new relationship. Mr. Guillama added, "The
possibilities and potential that lie ahead for The Quantum Group to make a
positive impact on the healthcare industry, and for our community at large, is
the driving factor of our Company. We look towards the opportunity to make a
difference." Mr. Alan Carter, the President of Sunbelt Business Brokers of
Southeast Florida, said, "This assignment is a reflection of how forward-
thinking companies are now recognizing the value of Business Brokers. Companies
recognize that to acquire other companies should no longer be an internal
effort only. We appreciate the faith that The Quantum Group has placed in
Sunbelt and are confident that we will succeed in identifying and closing on
viable acquisitions."
The Quantum Group, Inc., is a Wellington, Florida-based healthcare company in
its development stage, 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)
Did you know ...
Current healthcare spending in the
United States accounts for 15.5 percent of the
nation's gross domestic product, or G.D.P.?
Sunbelt Business Brokers is the largest business broker firm in the world and
has evolved into a network encompassing 300+ offices located in 40 states and
11 foreign markets. Sunbelt business professionals are extensively trained in
mergers and acquisitions, business law, accounting and tax matters. Neil Swartz
may be contacted at 954-989-9177.
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, Corporate Communications
The Quantum Group, Inc.
http://www.thequantumgroupinc.com/
561-798.9800
DATASOURCE: The Quantum Group, Inc.
CONTACT: Danielle Amodio, Director, Corporate Communications of The
Quantum Group, Inc., +1-561-798-9800; or Neil Swartz +1-954-989-9177, for
Sunbelt Business Brokers
Web site: http://www.thequantumgroupinc.com/