The Quantum Group Signs Joint Venture with German Regional Gov.
18 June 1998
The Quantum Group Signs Major Joint Venture Environmental Pact with German Regional Government; Windmill Park will Create Clean Energy for National GridBusiness Editors and High-Tech Writers
Discovery Expo
TUSTIN, Calif.--June 18, 1998--The Quantum Group Inc. (OTC/BB: QTMG), and its subsidiary, Eurectec Inc., have formed Poseidon Products GmbH., to construct a 12 acre tire recycling and windmill park project slated for completion in Spring 1999, in Penkun, near Berlin, in partnership with SteG Strukturentwicklungsgeschellschaft Ueckermunde mbh., majority owned the County of Randow-Uckermunde, Quantum's President Ehrenfried Liebich announced today.
Combining innovation, superior research and the best technology from America and Europe, Eurectec converts previously wasted rubber truck and automobile tires, without chemicals or additives, into valuable, marketable, new products for industrial and commercial use.
The company's patented reactivation process changes rubber scrap, previously burned or landfilled, into Revulcon, a new, vulcanizable material. The company is doing business on four continents, including the United States, Canada, Mexico, South America, Europe, China and the Middle East.
The financial community's focus on The Quantum Group's emerging technology has resulted in upward movement of the company's stock over the last 52 weeks, from under $1 to the current level of approximately $4.
Eurectec's revolutionary environmental technology of recycling hydrocarbons will be exhibited at Discovery Expo, June 18 at the New York Hilton & Towers.
The Quantum Group Inc./Eurectec Inc. has headquarters at Park Irvine Business Center, 14771 Myford Rd., Building B, Tustin, Calif, 82780. Telephone: 800/660-3734 and fax: 714/508-1475. The company's Web site is http://www.thequantumgroupinc.com and e-mail address is info@thequantumgroupinc.com. Contacts at Quantum are Ehrenfried Liebich, president and chief executive officer; Keith J. Fryer, executive vice president; and John F. Pope, vice president, Finance.