The Quantum Group Inc. Announces Strategy to Pursue Strategic Alliances; Pursuing Advanced Technologies Through Strategic Alliances to Accelerate Growth Plans.Business EditorsTUSTIN, Calif.--(BUSINESS WIRE)--Feb. 1, 2001 The Quantum Group In mathematics and theoretical physics, quantum groups are certain noncommutative algebras that first appeared in the theory of quantum integrable systems, and which were then formalized by Vladimir Drinfel'd and Michio Jimbo. Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :QTMG), Thursday announced that it is pursuing strategic alliances within the asphalt paving industry to leverage their presence in this growing industry. "The Quantum Group is well positioned to address this opportunity, with our many years of experience and established presence in the crumb rubber Crumb rubber is generally manufactured from automotive and truck scrap tires. During the manufacturing process steel and fluff is removed leaving tire rubber with a granular consistency. industry. This expansion of our business plan is an important step forward in our strategy to strengthen our position in this market," commented Keith Fryer, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . "Recognizing a unique opportunity, we have restructured the company and focused our efforts within the recycled rubber market. The company and Modified Asphalt Technologies Inc. (MAT) have mutually agreed to rescind To declare a contract void—of no legal force or binding effect—from its inception and thereby restore the parties to the positions they would have occupied had no contract ever been made. rescind v. the MAT purchase agreement entered into in January, 2000. "Quantum Group believes it is now positioned to acquire and develop technology driven products and services primarily related to waste tire and rubber recycling industries. We are currently in negotiations to acquire more advanced technologies to use in conjunction with strategic alliances," Fryer continued. Quantum's intent is to establish itself as a leader in the worldwide environmental technology and crumb rubber modified asphalt paving arenas by expanding on its core activities to create compelling applications to generate demand for its products. Quantum continues to identify new technologies that may be synergistic synergistic /syn·er·gis·tic/ (sin?er-jis´tik) 1. acting together. 2. enhancing the effect of another force or agent. syn·er·gis·tic adj. 1. with Quantum's strategic focus. For more information on The Quantum Group, visit the company's Web site at www.tqginc.com. No stock exchange or Securities Commission has approved nor disapproved the statements in this release. Any statements that are not strictly historical are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " made pursuant to the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 and within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. These statements are subject to a number of risks and uncertainties that may affect actual events or results materially. These include, but are not limited to: the company's ability to obtain adequate financing to further its current and future business strategies; the company's historical lack of profitability; the effects of business and economic conditions generally; and, other risks associated with a development stage company. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company are expressly qualified by these cautionary statements. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof. |
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