WELLINGTON, Fla., Feb. 16 /PRNewswire-FirstCall/ -- The Quantum Group, Inc. (OTC:QTUM) (BULLETIN BOARD: QTUM) (http://www.qtum.com/), formally released its new five year financial projections through a Form 8K submitted on January 17, 2006. The actual document is available at: http://www.qtum.com/shareholder.cfm under SEC Filings. The Quantum Group, based in Wellington, Florida is part of a strategic group of healthcare companies, with Quantum positioned as the parent. In conjunction with its subsidiary companies, which include Renaissance Health Systems of Florida, Inc. (RHS) (http://www.rhsfl.com/) and Quantum Medical Technologies (QMT), Quantum strategically addresses many of the service, management and technology needs of managed care organizations, physicians, healthcare facilities and physician associations that bring increased and highly valued efficiencies to the $1.9 trillion US healthcare system. The opportunity is to leverage and cross-market the services and products of each respective organization with one another to capitalize upon the potential of this impressive target market. The Company estimates that revenues will ramp up to over $20 million at the conclusion of the current fiscal year (concluding October 31, 2006). This growth is attributable largely to the initiatives of its subsidiary company, Renaissance Health Systems. Currently RHS has contracts with over 600 physicians along the east coast of Florida, with an expected growth to 1,500 providers by year-end. Furthermore, QTUM President & CEO, Noel J. Guillama, has articulated that the Company's strategic plan for development and expansion has RHS positioned to provide care for a projected 2,000 patients in our Community Health System by year-end. Guillama commented, "We are very excited to be in this stage of development. We are a small company in a very large industry with very large players. As such we face large hurdles, and I believe we have put the best team together to continue to facilitate the Company's continued progress according to plan. Over the coming months we expect to begin bringing on new vital services to both our managed care partners and our physician affiliates." As would be expected, the financial projections include a material amount of assumptions with regard to how our systems will develop, and dependence upon our partners and their ability to expand their membership. Some of those cautionary statements are contained in the Company's recently filed annual 10K/SB, which can be viewed at: http://www.qtum.com/shareholder.cfm under SEC Filings. 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 models, 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 press release will, in fact, occur. Media Contact: Danielle Amodio Vice President Corporate Communications The Quantum Group, Inc. 561.798.9800 First Call Analyst: FCMN Contact: DATASOURCE: The Quantum Group, Inc. CONTACT: Danielle Amodio, Vice President of Corporate Communications at The Quantum Group, Inc., +1-561-798-9800 Web site: http://www.thequantumgroupinc.com/

Copyright