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The Quantum Group, Inc. Completes $13.2 Million Public Offering and Initiates Trading on the American Stock Exchange Under Symbol 'QGP'
Date:12/13/2007

WELLINGTON, Fla., Dec. 13 /PRNewswire-FirstCall/ -- The Quantum Group, Inc. (Amex: QGP, QGP.U) (http://www.QuantumMD.com) today announced that it has completed its registered public offering, raising $13.2 million in gross proceeds. The Company further announced that it has initiated trading on the American Stock Exchange (AMEX) of the Units registered in the Offering under the symbol "QGP.U." In addition, Quantum common shares, formerly traded on the OTC Bulletin Board under the symbol "QNTM," are now also trading on the AMEX under the symbol "QGP." Paulson Investment Company, a wholly owned subsidiary of Paulson Capital Corp. (Nasdaq: PLCC), acted as the lead manager on the offering, and Newbridge Securities Corporation and Neidiger Tucker Bruner, Inc. acted as co-managers.

The offering consisted of 1.2 million Units with an initial Unit offering price of $11.00 per Unit. Each Unit consists of three shares of common stock, two seven year non-callable Class A Warrants and two seven year non-callable Class B Warrants. Each Class A Warrant entitles its holder to purchase one share of common stock at an exercise price of $7.00 per share. Each Class B Warrant entitles its holder to purchase one share of common stock at an exercise price of $11.00 per share. Neither the Class A Warrant nor the Class B Warrant is subject to redemption.

The Units, trading under the symbol "QGP.U," will be broken up in their component parts and will begin trading separately on or about Monday, January 14, 2008, under the symbols "QGP," "QGP.WS.A" and "QGP.WS.B," respectively. Once separate trading in the common stock and Warrants begins, trading in the Units will cease and the Units will be delis
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SOURCE The Quantum Group, Inc.
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