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The Quantum Group Announces Second Quarter Financial Results for Fiscal Year 2008
Date:6/18/2008

WELLINGTON, Fla., June 18 /PRNewswire-FirstCall/ -- The Quantum Group, Inc. (Amex: QGP) ( http://www.QuantumMD.com ) announced today its financial results for the second quarter of fiscal 2008 ended April 30, 2008.

For the period ended April 30, 2008, the Company reported an increase in revenues of approximately 424% to $4,252,798, compared to $812,332 for the same quarter of fiscal year 2007. On a sequential basis compared to first quarter 2008, revenues attributed to subsidiary Renaissance Health Systems increased 59% from $2,660,022 in the first quarter of fiscal 2008 to $4,232,698 in the second quarter of fiscal 2008. As the Company expected, this increase is driven by the growth of patient lives under management by the Company. Quantum reported a 99% increase in the enrolled patient base served by subsidiary company Renaissance Health Systems, from approximately 1,100 at the start of the Centers for Medicare & Medicaid Services (CMS) Medicare Advantage open enrollment period on November 15, 2007 to over 2,200 at the close of the period on March 31, 2008.

"The 424% increase in revenue for the second quarter is on track with the goals we set at the start of fiscal 2008," stated Noel J. Guillama, President and CEO of The Quantum Group. "As an innovations driven company we made great strides this quarter with PWeR(TM), our technology platform. We expect that PWeR will continue to be fine tuned throughout the summer and fall as we complete the beta testing phase. The platform will then be rolled out to our affiliated providers later this year and in early 2009. We believe that the implementation of the PWeR system with our providers will improve communications and result in
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SOURCE The Quantum Group, Inc.
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