PPJ Enterprise (PPJE: PK) Updates Shareholders on Collection Lawsuit
January 22 2014 - 1:02PM
Marketwired
PPJ Enterprise (PPJE: PK) Updates Shareholders on Collection
Lawsuit
Medical Billing Software Company Responds to Numerous
Shareholder Inquiries
RENO, NV--(Marketwired - Jan 22, 2014) - PPJ Enterprise (OTC
Pink: PPJE) (http://www.ppjenterprise.com/) today issued a
news update on its progress with its collection lawsuit and other
items due to numerous inquiries by shareholders and others on these
matters.
"We are very pleased to share this current update with our
Company followers," said Chandana Basu, PPJE's President. "As you
can easily imagine, we are looking forward eagerly to the trial on
our lawsuit to collect damages. Just this week we have obtained
access to more of the Defendant's bank records, 16,500 documents,
and while we may need more time for our expert to examine
these voluminous records we will have more information on damages."
Today through an Ex-Parte hearing the Company has obtained 7
additional days from the Court for review of these documents to
further assess damages. New date for Trial in this case is now set
for 2/5/2014.
"We also have additional good news for shareholders who are to
receive incentive shares," said Ms. Basu. "We are happy to tell you
that we have decided to change our transfer agent to Action Stock
Transfer Company to reduce charges for your transfer services. By
using Action Stock Transfer we can cut the cost to issue a free
trading certificate from $200 or more to $20 plus the mailing cost.
In addition, we will pay for your Rule 144 legal opinion cost."
"Naturally," Ms. Basu continued, "we are concerned that many of
our shareholders may have to pay a stock certificate clearing fee
of $500 to $600, giving them incentive shares valued below this
clearing fee. Fortunately, Action Stock Transfer will help us to
use DWAC with a reasonable monthly cost and an additional cost for
electronic transfer of $20.00. Shareholders may not have to pay or
the cost may be very minimal."
"As always," said Ms. Basu, "we deeply appreciate the continued
support of our loyal shareholders. We again advise shareholders,
Company followers and prospective investors to contact their
financial advisors if they have questions or concerns about their
individual accounts and investment choices. We also remind our
followers to monitor OTCMarkets 'Filings' tab for further
newsworthy events and corporate updates which will be made public
as they occur. More updates will follow shortly."
About PPJ Enterprise
PPJ Enterprise is a proprietary automated health care software
company.
We guarantee our customers a 30% increase in collections. Some
physicians already using the software have reported a 50% increase
in revenues and a 70% decrease in operating costs.
PPJ Enterprise has 23 years of experience as a provider of
full-service medical billing services. We excel in providing
traditional, customized medical billing services and support to
physicians, providers, and healthcare facilities across the nation.
In addition to our core medical billing services, PPJ offers a
comprehensive, full-service medical billing software product, The
Automated Biller®. We believe that ours is the only fully automated
product poised to take over the huge health care billing
market.
Forward-looking Statements
Information in this news release may contain statements about
future expectations, plans, prospects or performance of PPJ
Enterprise, that constitute forward-looking statements for purposes
of the Safe Harbor Provisions under the Private Securities
Litigation Reform Act of 1995. The words or phrases "can be,"
"expects," "may affect," "believed," "estimate," "project" and
similar words and phrases are intended to identify such
forward-looking statements. PPJ Enterprise cautions you that any
forward-looking information provided by or on behalf of PPJ
Enterprise is not a guarantee of future performance. None of the
information in this press release constitutes or is intended as an
offer to sell securities or investment advice of any kind. PPJ
Enterprise's actual results may differ materially from those
anticipated in such forward-looking statements as a result of
various important factors, some of which are beyond PPJ
Enterprise's control. In addition to those discussed in PPJ
Enterprise's press releases, public filings, and statements by PPJ
Enterprise's management, including, but not limited to, PPJ
Enterprise's estimate of the sufficiency of its existing capital
resources, PPJ Enterprise's ability to raise additional capital to
fund future operations, PPJ Enterprise's ability to repay its
existing indebtedness, the uncertainties involved in estimating
market opportunities, and in identifying contracts which match PPJ
Enterprise's capability to be awarded contracts. All such
forward-looking statements are current only as of the date on which
such statements were made. PPJ Enterprise does not undertake any
obligation to publicly update any forward-looking statement to
reflect events or circumstances after the date on which any such
statement is made or to reflect the occurrence of unanticipated
events.
Contact: PPJ Enterprise 1105 Terminal Way, Suite 202 Reno,
Nevada 89502 Telephone: (775) 348-5735 Fax: (866) 622-3215 Web
site: www.ppjenterprise.com
PPJ Healthcare Enterprises (PK) (USOTC:PPJE)
Historical Stock Chart
From Aug 2024 to Sep 2024
PPJ Healthcare Enterprises (PK) (USOTC:PPJE)
Historical Stock Chart
From Sep 2023 to Sep 2024