Quantum Offers Affiliated Physicians Full Range of Insurance Products: Opening Satellite Office to Accommodate Expansions
08 Juni 2006 - 5:47PM
PR Newswire (US)
WELLINGTON, Fla., June 8 /PRNewswire-FirstCall/ -- The Quantum
Group, Inc. (OTC:QTUM) (BULLETIN BOARD: QTUM) (
http://www.qtum.com/ ) announced today that it has begun operations
of The Quantum Agency, Inc., a wholly owned subsidiary of the
Company, and has secured staff and licensure to provide a full
range of insurance products to its 700-plus affiliated physicians,
as well as the medical community at large. Initially, the services
will be provided in South Florida with plans to expand to Central
Florida by the end of the year. Noel J. Guillama, President of The
Quantum Group, commented, "It has always been part of our plan to
provide cost effective and efficient solutions to our physician
clients. With the addition of this new office space, and through
securing highly experienced management personnel, we will provide a
full range of insurance products for the medical community
effective immediately. Our original goal for The Quantum Agency was
to provide a reliable source of medical malpractice insurance to
our physicians; however our physicians directly requested even more
options, and in response we have expanded our services to include
life, health, disability, workers' compensation, liability and all
lines of commercial insurance." Barbara Roqueta, Vice President of
Provider Operations, noted, "Our entire team and affiliated
physicians are very excited by this development. In addition, my
team of Provider Specialists has been energized by the reactions we
are getting from the recent unveiling of our billing and
collections initiative. Our goal as a company is for the physician
to see us as a single source for cost effective and efficient
support services and solutions." Mr. Guillama further commented,
"Several expansions of our current offerings are in the final
stages and we expect to have periodic additions to the range of
services accessible to our physicians." The Quantum Agency's
website ( http://www.thequantumagency.com/ ) is expected to be
launched within the next two weeks. 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
System 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 $2.1 trillion U.S. healthcare system. The opportunity is to
leverage and cross-promote the services and products of each
respective organization with one another to capitalize upon the
potential of this impressive target market. 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 DATASOURCE: The
Quantum Group, Inc. CONTACT: Danielle Amodio, Vice President
Corporate Communications, The Quantum Group, Inc., +1-561-798-9800
Web site: http://www.qtum.com/ http://www.rhsfl.com/
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