The Quantum Group, Inc. Tustin, California Files 1997 10-KSB with the SEC and Announces Net Profits
9 April 1998
The Quantum Group, Inc. Tustin, California Files 1997 10-KSB with the SEC and Announces Net ProfitsTUSTIN, Calif., April 8 -- Ehrenfried Liebich, President of The Quantum Group, Inc., (OTC Bulletin Board: QTMG) announced the filing of the 1997 10-KSB Disclosure Report to the SEC March 31, 1998. Also, he confirmed that the company has increased revenues during 1997 to $3,424,809.00 with Net Income from Operations of $236,913.00 and Net Income after taxes of $101,893.00. This move to profit marks the beginning of a new era for the company and we expect to show further growth during 1998 following the successful development of all the projects that we have pending, both in the U.S. and Internationally. During the last several years Eurectec has focused on the development of new technologies for tire recycling and the manufacture of post-consumer products. This work will culminate soon with the launching of several new processes, to enable the "full circle" recycling of tires into many new innovative products. The Quantum Group, Inc., and its wholly owned subsidiary, Eurectec, Inc., provide a complete line of tire recycling equipment for the production of crumb rubber as well as a variety of equipment and technologies employed in after market products utilizing crumb rubber. The company has recently created a web site http://www.thequantumgroupinc.com where an overview of all the Company's activities can be viewed, together with links to the Eurectec, Inc. web site, market information regarding the Company's stock and Edgar filings. For further information contact Ehrenfried Liebich or Keith Fryer of The Quantum Group, Inc., Park Irvine Business Center, 14771 Myford Road, Building "B", Tustin, California 92780, (714) 508-1470, Fax : (714) 508-1475, email : info@thequantumgroupinc.com. SOURCE Quantum Group, Inc.