PPJ Enterprise Announces Its Financial Results for the Fiscal Year 2010
March 30 2011 - 9:30AM
Marketwired
PPJ Enterprise (PINKSHEETS: PPJE) announced financial and operating
results for fiscal year 2010.
2010 Financial Results
- Revenues for the year ended December 31, 2010 increased 221% to
$404,413, as compared to revenues of $126,080 for the year ended
December 31, 2009.
- Net profit for the year ended December 31, 2010 was $51,213, as
compared to a loss of $81,801 for the year ended December 31,
2009.
Chandana Basu, CEO and President, stated, "2010 finished in the
manner our business plan called for. Our strategy to tightly
integrate our products and services enabled us to manage our
expenditures, all of which resulted in increasing revenues, net
profit and earnings per share. Through the focused expansion in our
sales, marketing and customer support infrastructure, we continue
to ensure that our customers meet the critical and growing
challenges they face."
"We also took a number of steps to strengthen our balance sheet
and believe we are positioned to expand organically and consider
other options as they present themselves. Our continued focus will
be to expand in a manner that will provide profits and increase
shareholder value through strategic business partnerships and
mutually beneficial contracts and business agreements," concluded
Ms. Basu.
About Us
PPJ Enterprise is 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. For
additional information visit www.ppjenterprise.com
Safe Harbor Regarding Forward-Looking
Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended.
"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.
Investor Contact: DME Capital LLC Matt Graci Phone: 516-476-6352
Email: Matt@dmecapital.com or PPJ Enterprises Chandana Basu CEO
Phone: 775-348-5735
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