PPJ Enterprise (PPJE: PK) Updates Shareholders on New Developments in Its Collection Lawsuit
January 23 2014 - 4:17PM
Marketwired
PPJ Enterprise (PPJE: PK) Updates Shareholders on New Developments
in Its Collection Lawsuit
RENO, NV--(Marketwired - Jan 23, 2014) - PPJ Enterprise (OTC
Pink: PPJE) (http://www.ppjenterprise.com/) a proprietary
automated health care software company, is pleased to share new
developments in its collection litigation.
"On January 20, 2014 we received 16,500 documents, including
bank statements and deposit items, from Bank of America," said
Chandana Basu, PPJE's President, "and we received more than
2,000 similar documents from California Bank and Trust just days
prior. Our forensic accounting experts must review these documents
to add to our damage claim. They naturally need additional time.
The Defendant brought an Ex Parte Motion on January 22 to prevent
our expert from updating his report and to exclude additional
damages suffered by the Company but we prevailed in the
hearing."
Ms. Basu continued, "Yesterday, an hour after the Company
announced that it was advised by its legal counsel that trial date
was changed to February 5, 2014, we received a further update. The
Judge, Honorable Mrs. Elizabeth White, stated that she would be on
vacation starting February 14 for a week and ordered a settlement
conference/mediation session on or about February 13 or February
20. The Court has not confirmed this yet. The Court did not want to
tie up the Court Room with this case for the two to three weeks our
attorneys estimate they need for trial. We have been ordered to
attempt resolution of some of the issues prior to the trial date
now set for February 26, 2014."
"As always, the Company will do everything to protect its
shareholders' interests at any cost," Ms. Basu noted.
The Company appreciates the Company Shareholders' continued
support as always.
As always PPJ management advises shareholders, company followers
and prospective investors to contact their financial advisors if
they have questions or concerns about their individual accounts and
investment choices.
For other news and events, the Company reminds its followers to
monitor OTC Markets filings tab for further newsworthy events and
corporate updates which will be reported as they happen.
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
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