The Quantum Group Completes Acquisition of Medical Practice Management Software Platform WELLINGTON, Fla., Dec. 16 /PRNewswire-FirstCall/ -- The Quantum Group, Inc. (OTC:QTUM) (BULLETIN BOARD: QTUM) today announced that it has completed its acquisition of the assets of an Application Service Provider (ASP) currently in beta testing that provides practice management solutions from a company based in South Florida. The software package includes source code, copyrights, existing relationships and all intellectual and marketing rights, and further provides HIPAA-compliant electronic medical billing and financial management for medical practices. Mr. Noel J. Guillama, President and CEO of The Quantum Group, commented, "The acquisition of this platform marks the completion of another stage in the mission of The Quantum Group to be a total solutions provider for the healthcare industry. Our team is now charged with making improvements to the existing product; developing innovative new features that will provide and manage health information system processes for physicians at lower up front and residual cost." Guillama added, "This will in turn allow the doctor to avoid investing in new hardware or software updates going forward and could be a foundation for the industry's highly sought electronic healthcare record system in the future." The new software will be powered by Cybernaptics(SM), Quantum's revolutionary patent-pending business process that will facilitate interconnectivity with most touch points in the healthcare system, and provide advanced communication between cross-functional applications and products. Quantum will begin testing the software immediately and will subsequently upgrade, re-deploy and market the final ASP product. The ASP software is written in C (sharp) and on a Microsoft.net platform. An ASP is a third-party system that provisions software applications over the Internet. The physician accesses remote, centralized computer servers that are hosting the application and is responsible solely for the end-results obtained through utilization of the application. Quantum, the ASP provider, is responsible for the initial and daily maintenance of the medical billing and collections software itself. The company, recently accepted as a Microsoft Independent Software Vendor, expects to commence beta testing in a controlled environment within ninety days, with a market-wide rollout shortly thereafter. The Quantum Group, Inc. is a Wellington, Florida-based healthcare company, providing outsourcing, technology-based solutions, government compliance, education, policy consulting and venture management to the healthcare industry. Quantum is currently involved in: outsourcing for physicians, managed care organizations, healthcare facilities, and physician associations; developing three patent-pending healthcare solutions identified as Cybernaptics(SM), Quantum Quotient(SM) (or QX2)(SM) and MDAutomated(SM), all with the intention to provide new efficiencies to the $1.6 billion U.S. healthcare system; and providing leading-edge healthcare services to consumers. The Quantum Group -- "healthcare solutions for a new generation."(SM) 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 model, 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 report will, in fact, occur. Media Contact: Danielle Amodio Director of Corporate Communications The Quantum Group, Inc. 561.798.9800 DATASOURCE: The Quantum Group, Inc. CONTACT: Danielle Amodio, Director of Corporate Communications, The Quantum Group, Inc., +1-561-798-9800 Web site: http://www.thequantumgroupinc.com/

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