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The Quantum Group Announces 1st Quarter Financial Results for Fiscal Year 2008
Date:3/18/2008

WELLINGTON, Fla., March 18 /PRNewswire-FirstCall/ -- The Quantum Group, Inc. (Amex: QGP, QGP.WSA, QGP.WSB) (http://www.QuantumMD.com) announced 1st Quarter financial results for fiscal year 2008 and reported revenues of $2,935,955 for the first fiscal quarter ending January 31, 2008. The Company had reported $421,177 in revenues for the same quarter of fiscal year 2007, marking an increase of nearly 700%. The reported revenues also reflect a continued increase from the fourth quarter of 2007 of 43.3%.

The Company reported a loss attributed to operating expenses of $2,812,813 in the first quarter of fiscal year 2008 versus $948,253 from the same quarter in fiscal year of 2007. This reflects an increase of 196.7%. The Company reported a loss of $6,946,016 for the quarter versus $2,017,240 for the first quarter of fiscal year 2007. This figure includes $4,133,203 related to non- operating financing activities as compared to $1,068,987 reported for the same period in 2007 and resulted in a loss per share of $1.20 versus $1.56 per share for the same period in 2007. The Company expects financing and non- operating costs to drop in subsequent reporting periods.

Additionally, the Company reported a 912.7% increase in the enrolled patient base served by subsidiary Renaissance Health Systems from 1681 at the close of the first quarter of 2008 to 166 at the same time in fiscal year 2007.

Noel J. Guillama, President & CEO of The Quantum Group, commented, "We are pleased by the results of our operations. After the completion of our public offering in mid-December of 2007, we have been able to fully concentrate on the business after 6 months of preparation and roadshow related activities."

Guillama continued, "We are excited by the immediate and long term prospects of the Company. Personally, my biggest excitement is the anticipated deployment of our technology platform as well as the developm
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SOURCE The Quantum Group, Inc.
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