The Quantum Group Reaches Agreement With Sunbelt Business Brokers to Identify and Procure Acquisitions
August 16 2004 - 9:00AM
PR Newswire (US)
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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