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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 Reaches Agreement With Sunbelt Business Brokers to Identify and Procure Acquisitions

16/08/2004 2:00pm

PR Newswire (US)


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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/

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