Quantum Group Expands Board of Directors
14 Febrero 2006 - 1:26PM
PR Newswire (US)
Michael Rosenbaum and Peter W. Nauert Elected as Directors
WELLINGTON, Fla., Feb. 14 /PRNewswire-FirstCall/ -- The Quantum
Group, Inc. (OTC:QTUM) (BULLETIN BOARD: QTUM)
(http://www.qtum.com/), announced today that during it's February
9, 2006 annual Board of Directors meeting, the Board unanimously
approved the election of Mr. Michael Rosenbaum and Mr. Peter Nauert
as Directors. Noel J. Guillama, President and Chief Executive
Officer of The Quantum Group, Inc., commented, "Our Company is
thrilled that Mr. Rosenbaum and Mr. Nauert, two of the brightest
entrepreneurial minds I have encountered, have demonstrated such
interest in Quantum and have invested in the Company personally. We
are very pleased that they have also agreed to serve on our Board
of Directors." Guillama continued, "Both gentlemen bring a unique
perspective, extensive experience and real-world knowledge to
Quantum and will play key roles in the Company's continued
progress." Michael Rosenbaum has extensive experience in law,
mergers and acquisitions, merchant banking and finance. Mr.
Rosenbaum has served as a Director for Protrak International since
1984, and continues in this role today. Protrak is the global
leader and a major innovative force in the development and delivery
of Customer Relationship Management software (CRM) and Sales Force
Automation (SFA) to the investment management industry. Mr.
Rosenbaum served as a Director and Officer of Throttlebox Media, a
company that specialized in the sales of downloadable multimedia
entertainment and was also Executive Vice President and Director
for Vector Group, which is traded on the New York Stock Exchange.
The Vector Group has previously owned companies including Western
Union, Mai Basic Four, Brighams and Skybox -- a trading card
company of which Mr. Rosenbaum also served as the Vice Chairman.
Ultimately, Skybox was sold to Marvel. Further, Mr. Rosenbaum was a
member of the Board of Advisors of South Beach Beverage Company
which was sold in 2002 to Pepsi. Mr. Rosenbaum has been active in
Israeli Technology Partners for the last five years having also
served as a Director from 2002 through 2004. Peter Nauert has over
thirty years experience as a founder, creator and leader in the
insurance industry with an emphasis on mergers and acquisitions, as
well as funding. He was the inventor of the industry's first
web-based agent sales system. Mr. Nauert is nationally recognized
as an entrepreneur, having been selected as a finalist in the
running for the Ernst & Young Entrepreneur of the Year Award in
2001. He has an extensive success record in implementing public and
private campaign funding vehicles. Additionally, Mr. Nauert is the
Founder and Chairman of Insurance Capital Management (ICM), a
national Company which provides marketing, web-based technology and
specialty products for insurance and financial services. ICM's
distribution subsidiaries comprise nearly 10,000 sales agents
nationwide. Prior to founding ICM, Mr. Nauert was Chairman and CEO
of the Nasdaq- traded Ceres Group, Inc. from July 1998 to June
2002. In 1998, Mr. Nauert led an investor group that purchased
Central Reserve Life Insurance Company (CRLC), a financially
troubled health insurance company. He founded Ceres Group, Inc., as
the new holding company of CRLC. Through management changes and a
series of acquisitions, Mr. Nauert achieved first-year profit
turnaround and continuing yearly profits. As Chairman, Mr. Nauert
increased Ceres' gross revenue to $907 million. Prior to Ceres, Mr.
Nauert founded the NYSE-traded Pioneer Financial Services, Inc.,
arranged its IPO in 1986 and established numerous national
subsidiaries in healthcare, managed care, health and life insurance
and marketing. As Chairman and CEO, Mr. Nauert grew PFS during its
10 years as a public company to gross revenues of $1 billion and
assets of nearly $2 billion. In 1997, Mr. Nauert negotiated the
sale of PFS to Conseco, Inc. for $480 million. The Quantum Group
further announced that Mr. Rosenbaum has been elected to serve on
the Audit Committee and Mr. Nauert has been elected to the
Compensation and Options Committee. For additional information on
the Company, Michael Rosenbaum or Peter Nauert, please visit The
Quantum Group website at http://www.qtum.com/. The full biographies
for both gentlemen are listed on the Board of Directors page. The
Quantum Group, Inc. (QTUM) (http://www.qtum.com/) 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
Systems (RHS) 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 $1.9 trillion US
healthcare system. The opportunity is to leverage and cross-market
the services and products of each respective organization with one
another to capitalize upon the potential of this impressive target
market. 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 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 of The Quantum
Group, Inc., +1-561-798-9800 Web site: http://www.qtum.com/
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