PPJ Enterprise Announces That It Has Secured a $21,000,000 Workers' Comp Lien Collection Contract With a California Surgery Cent
February 18 2011 - 9:30AM
Marketwired
PPJ Enterprise (PPJ) (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, has
announced that its subsidiary, Professional Billing Service (PBS),
has secured a $21,000,000 workers' comp lien collection contract
with a surgery center in the Southern California area. The company
forecasts this contract may yield in excess of $1,500,000 in
additional revenue during the next 12 to 18 months.
"This new billing contract will provide additional milestones
for the company's financial health during the year of 2011. We
expect this contract to provide consistent cash flow to the
company," noted Chandana Basu, CEO of PPJ.
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.
Investor Relations DME Capital LLC Matt Graci Tel 516-476-6352
matt@dmecapital.com
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