WELLINGTON, Fla., Nov. 10 The Quantum Group,Inc. (Amex: QGP), a Wellington, Florida based healthcare organization,announced today Quantum subsidiary Renaissance Health Systems of Florida, Inc.has expanded into three additional Florida Counties bringing the Company totalto 29 counties. These counties geographically represent 86% of Florida'sMedicare population.
Noel J. Guillama, President and CEO of The Quantum Group stated, "We arepleased by our continued expansion. Our presence in these three new countieswas strategically planned to offer access to our provider system in thecounties with the greatest number of Medicare eligible residents to our payorpartners."
Barbara Roqueta, Senior Vice President of Operations for RenaissanceHealth Systems, commented, "The quality of our team responsible for developingthese new counties, or as we call them community health systems (CHS), isfirst rate. The experience and dedication of this team is key to our successas they continue to build the quality and accessibility of our CHS."
The Company has projected expansion plans to the remaining counties inFlorida and expects to announce further developments during Fiscal Year 2009which began November 1, 2008.
About The Quantum Group, Inc.
The Quantum Group provides business process solutions, service chainmanagement, strategic consulting and leading edge technology innovations tothe healthcare industry.
Through our dynamic patient-centric architecture, we empower thecommunication that is critical for the coordination of care and take aim atthe $600 billion inefficiency gap in the United States healthcare industry. Weare guided by a mission to develop efficiencies, improve the quality ofpatient care and achieve cost reductions for the nation's largest and fastestgrowing industry.
We have developed leading-edge technology with the creation and deploymentof a series of innovative patent-pending initiatives. Through approximately2,000 healthcare providers and multiple insurance company relationships undermanagement, we are positioned to be a catalyst for change to the Floridahealthcare industry.
Certain statements contained in this news release, which are not based onhistorical facts, are forward-looking statements as the term is defined in thePrivate Securities Litigation Reform Act of 1995, and are subject tosubstantial uncertainties and risks in part detailed in the respectivecompany's Securities and Exchange Commission 10-KSB, 10-QSB, S-8 and 8-Kfilings (and amendments thereto) that may cause actual results to materiallydiffer from projections. Forward-looking statements can be identified by theuse of words such as "expects," "plans," "will," "may," "anticipates,""believes," "should," "intends," "estimates" and other words of similarmeaning. These statements are subject to risks and uncertainties that cannotbe predicted or quantified and, consequently, actual results may differmaterially from those expressed or implied by these forward-lookingstatements. Such risk factors include, without limitation, the ability of theCompany to properly execute its business model, to raise substantial andimmediate additional capital to implement its business model, to attract andretain executive, management and operational personnel, to continue growingits patient base, to negotiate favorable current debt and future capitalraises, to negotiate favorable agreements with a diversified provider base andto continue to supply the services needed by its HMO clients as well asphysician clients. The Company does not undertake any obligation to publiclyupdate any forward-looking statements. There can be no assurance that theprovisional patents discussed in this press release will be granted by the USPatent and Trademark Office, or, if they are granted, they will not bechallenged by third parties, or if not that we will be able to effectively useor commercialize such patents and/or we may not have the resources to deploysuch technology. As a result, investors should not place undue reliance onthese forward-looking statements.FOR MORE INFORMATION, PLEASE CONTACT: PR Financial Marketing Jim Blackman: 713-256-0369 [email protected]
or The Quantum Group, Inc. Danielle Amodio: 561.798.9800 [email protected]
SOURCE The Quantum Group, Inc.