PPJ Enterprise Announces Victory in the Federal Court
May 18, 2010
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Tags: healthcare, investment, Janette Dillerstone, PPJ Enterprise, PPJE, public relations, tad wakabayashi, wakabayashi, wakabayashi fund
SOURCE: PPJ Enterprise
May 18, 2010 09:50 ET
PPJ Enterprise Announces Victory in the Federal Court; PPJ Legal Counsel Was Approved to Represent United States Trustee to Collect Unpaid Billing Fees From the Former Clients
RENO, NV–(Marketwire – May 18, 2010) – PPJ Enterprise (PPJ) (PINKSHEETS: PPJE) (“The Company”), a leader in proprietary automated health care reimbursement cycle (all specialties), online health information digital systems and practice information management digital system software for health care and general businesses worldwide, has announced that its former subsidiary under the care of the Federal Trustee received order from Federal Court to proceed with its collection efforts on unpaid fees by many of the former clients who either refused to pay or skipped without paying company’s billing collection fees. Total gross uncollected billing is more than $60,000,000 that clients received payments directly in their office (amounts unknown). Per Trustee, PBS will get a contract to collect these bills to expedite collection efforts. This verdict further strengthens collection efforts of company’s assets from its former client/board of directors.
“PPJ’s legal counsel, who is representing PPJ in the State Court against its former client/director, has now been approved by the Federal Court to represent the Trustee to collect unpaid fees from its former clients, including the said former client/Board of directors who has made no efforts to pay back company assets; refused to pay billing and collection fees in excess of $5,000,000; and instead made multiple oppositions to delay and prevent PPJ counsel from being approved by the Federal Court.”
“Our better days are ahead of us. This victory in the Federal Court is a huge milestone for the Company.”
“Many issues keep us very busy so we may not update our shareholders in a consistent manner but we are working towards many resolutions and improvements to move forward in a promising future. We wish our shareholders be with us for long term as we are a company working for progress and to make a substantial difference in all of our bottom-line.”
Above statements are noted by CEO Ms. Chandana Basu. The Company has added four new collection personnel who are going through training process to help expedite our collections efforts.
We have been reducing our debt with long term note holders, but the Company plans to buy back shares from the market as we become more financially independent.
Currently Pinkotc is reporting us as “CAVEAT EMPTOR” in the sign but “LIMITED INFO” in their details since we have updated Company information. Our Legal Counsel is currently reviewing documents and preparing to comply with Pinkotc.com to bring “CURRENT INFO” status. Once our status is updated we will inform our shareholders by Press Release.
PPJ Enterprise is traded under the symbol PPJE.PK.
For more information please contact: PPJ Enterprise Management at (775) 348-5735, website: http://www.ppjenterprise.com/, email: info@ppjenterprise.com.
Forward-Looking Statements
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This press release contains or may contain forward-looking statements such as statements regarding the Company’s growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risk and uncertainties, including those more fully described in the Company’s filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.
PPJ Enterprise Announces That It Has Received Another Signed Contract
April 26, 2010
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Tags: Health Care, investment, Janette Dillerstone, marketing, PPJ Enterprise, PPJE, private equity, tad wakabayashi, wakabayashi fund
PPJ Enterprise Announces That It Has Received Another Signed Contract From a Southern California Pain Clinic This Week That May Bring Additional Revenue of $100,000 in the Next 12 to 18 Months
RENO, NV — (Marketwire) — 04/23/10 — PPJ Enterprise (PPJ) (PINKSHEETS: PPJE) (“The Company”), a leader in proprietary automated health care reimbursement cycle (all specialties), online health information digital systems and practice information management digital system software for health care and general businesses worldwide, has announced that its subsidiary, Professional Billing Service (PBS), has received commitments of additional $2.5 Mil worth of collection work from and existing Southern California Surgery Center this week that may bring additional $100,000 in the next 12 to 18 months.
“The Company charges new clients $3,000 to $5,000 as account set up fee at signing; $3,000 has been collected from this Client.”
“Any new billing/collection contract will provide additional milestones for the company’s financial health during the year of 2010, and beyond.”
“All new contracts will bring incremental revenue over extended periods of time and provide consistent cash flow which is dependable and easy to forecast out over multi-year periods. These new contracts also represent high-margin opportunities as our existing overhead allows us to add new contracts with minimal addition to staff or internal expenditures.”
“All collection contracts are open ended until all balances are collected. We are fortunate to be in an industry which is easy-to-scale and expand without large capital expenditures.”
“Our marketing team has been working relentlessly on many accounts and expects to close more new billing and collection accounts.”
“All new contracts take approximately 90 to 120 days to see noticeable revenue. These contracts will add to PPJ’s bottom line in 3rd quarter of 2010 but significantly by the end of 2010.”
Above statements are noted by CEO Chandana Basu.
The Company has added two new collection personnel who are going through training process to help expedite our collections.
PPJ Enterprise is traded under the symbol PPJE.PK.
For more information please contact: PPJ Enterprise Management at (775) 348-5735, website: http://www.ppjenterprise.com/, email: info@ppjenterprise.com.
Forward-Looking Statements
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This press release contains or may contain forward-looking statements such as statements regarding the Company’s growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risk and uncertainties, including those more fully described in the Company’s filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.
Contact: At the Company: R. Stewart Public Relations Dept. PPJ Enterprise (775) 348-5735 Fax (888) 213-2031 Email: info@ppjenterprise.comhttp://www.ppjenterprise.com
PPJ Enterprise Announces That It Has Secured Two New Billing Contracts in the Southern California Area That May Yield in Excess of $100,000 in Revenue Over the Next 12 Months
February 15, 2010
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Tags: investment, investor relations, Janette Dillerstone, marketing, pr, private companies, private equity, public companies, public relations, stocks, tad wakabayashi, venture capital, wakabayashi, wakabayashi fund
Source: TMC net Healthcare Technology
Market Wire Via Acquire Media NewsEdge) RENO, NV — (MARKET WIRE) — 02/12/10 — PPJ Enterprise (PPJ) (PINKSHEETS: PPJE), a leader in proprietary automated health care reimbursement cycle (all specialties), on line health information digital systems and practice information management digital system software for health care providers and general businesses worldwide, has announced that its subsidiary, Professional Billing Service (PBS), has signed two new medical billing contracts (2) in the Southern California Area (1) a small pathology billing account and (1) large Surgery Center Collection account. The company forecasts these two contracts may yield in excess of $100,000 in revenue for the company during the first 12 months.
“These new billing contracts provide additional milestones for the company’s financial health during the year of 2010,” noted Chandana Basu (Ms. Basu), CEO of PPJ.
“These contracts will bring incremental revenue over extended periods of time and provide consistent cash flow which is dependable and easy to forecast out over multi-year periods. These new contracts also represent high-margin opportunities as our existing overhead allows us to add new contracts with minimal addition to staff or internal expenditures. This Contract has an initial term of 12 months and renewal for additional two years. Most of our contracts are renewed after the first year. We are fortunate to be in an industry which is easy-to-scale and expand without large capital expenditures and is in growing demand.
“Our marketing team has been working on more than 20 physicians’ accounts and expects to close these accounts in the very near future,” noted Ms. Basu.
All new contracts take approximately 90 days to see noticeable revenue. These contracts will add to PPJ’s bottom line in 2nd quarter of 2010 but significantly by the end of 3rd quarter of 2010.
“There is a downside of fast Growth: The Company is in need of financing to fund these high growth opportunities. We welcome equity partners to join us now to receive high rewards; interested parties may contact PPJ Management at (775) 348-5735 to discuss further,” said Ms. Basu.
The Company does not have any commitments for funding at this time. Shares being converted by investors partially from 2006-2008 convertible notes.
PPJ Enterprise is traded under the symbol PPJE.PK For more information please contact: PPJ Enterprise Management at (775) 348-5735, website: http://www.ppjenterprise.com, email: info@ppjenterprise.com.
Forward-Looking Statements “Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This press release contains or may contain forward-looking statements such as statements regarding the Company’s growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risk and uncertainties, including those more fully described in the Company’s filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.
PPJ Enterprise 