FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * STEINBERG GREGG M   2. Issuer Name and Ticker or Trading Symbol QUANTUM GROUP INC /FL [QGP] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 3420 FAIRLANE FARMS ROAD, SUITE C 3. Date of Earliest Transaction (Month/Day/Year) 12/18/2007 (Street) WELLINGTON, FL 33414 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock (1) 12/18/2007   J   49,646 A $ 1.01 56,846 D   Common Stock (2) 12/18/2007   J   41,700 A $ 1.37 98,546 D   Common Stock (3) 12/18/2007   A   826 A $ 5.45 99,372 D   Common Stock (4) 12/18/2007   A   1,707 A $ 3.74 101,079 D

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Stock Option (5)

$ 6

12/18/2007

A

10,000

12/18/2007

12/18/2012

Common Stock

10,000

(5)

10,400

D

Stock Option (6)

$ 7

12/18/2007

J

64,164

01/12/2008

12/12/2014

Common Stock

64,164

$ 0.25

74,564

D

Stock Option (7)

$ 11

12/18/2007

J

64,164

01/12/2008

12/12/2014

Common Stock

64,164

$ 0.25

138,728

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
STEINBERG GREGG M 3420 FAIRLANE FARMS ROAD SUITE C WELLINGTON, FL 33414	X

Signatures

/s/ Gregg M. Steinberg		12/20/2007
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Acquired through exchange of Bridge Shares into Units composed of three shares of common stock, two Class A warrants and two Class B warrants.
(2)	Acquired through conversion of outstanding Bridge Note and accrued interest into Units composed of three shares of common stock, two Class A warrants and two Class B warrants.
(3)	Awarded as compensation for serving as a Director: price based on weighted average closing price per share for last 10 days of fiscal year ending 10/31/07.
(4)	Acquired through conversion of cash compensation for serving as a Director; price based closing price on transaction date of $4.15 less 10% discount.
(5)	Options granted for balance of year for services as Director.
(6)	Class A Warrants - component part of Units from exchange of Bridge Shares and conversion of Bridge Notes plus interest.
(7)	Class B Warrants - component part of Units from exchange of Bridge Shares and conversion of Bridge Notes plus interest.

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