PPJ Enterprise Updates Its Shareholders
April 18 2011 - 9:30AM
Marketwired
PPJ Enterprise (The Company) (PINKSHEETS: PPJE), a leader in
proprietary automated health care reimbursement cycle software (all
specialties), online health information digital systems software
and practice information management digital system software for
health care providers and general businesses worldwide, today
updates its shareholders.
The Company has completed its 2010 Annual Disclosure Report for
2010 today and plans to file today along with a current "Attorney
Letter."
The Company updates its shareholders today of the following
items:
1. It has completed its 1st Qtr. Numbers -- Gross Revenue was
$334,000, averaging monthly approx. $110,000 per month. 2. It has
made $90,000 payments towards 2009/2010 loan during the 1st Qtr. 3.
It plans to buy back its common shares upon receipt of its assets
from the law suit against its former client/director, trial
currently set for August 8, 2011. 4. During 2010, its CEO Ms. Basu
returned 600,000,000 shares back to treasury to help reduce its
outstanding shares. The Company also retracted other shares of
210,000,000 and cancelled 1,699,999,999 shares in 2011 that were
held (not issued) since 5/2010 with Pacific Stock Transfer Company
for funding that was never received. 5. It plans to file required
documents to move to a higher exchange in 2011. 6. It is working on
filing to be DTC eligible. Once DTC eligible, then the Company will
transfer dividend shares as promised to its long
term shareholders. 7. It issued new shares to pay off old
convertible notes with high interest. 8. It has not received any
new funding from any source since April 2010. 9. It is working with
a new web design - internet marketing company and expects to update
its web site and all subsidiary web sites in the near future. 10.
It is also aggressively seeking to acquire billing services. 11. It
has been working with several large PR companies to develop
strategies to increase shareholders' equity; currently the Company
is waiting on feedback.
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.
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Investor Relations DME Capital LLC Matt Graci Tel 516-476-6352
matt@dmecapital.com
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