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PPJ Enterprise: PPJ Enterprise Announces Discovery of Overpayments (Assets)

^{Published on 2009-08-11 10:21:09, Last Modified on 2009-08-11 10:21:18 - Market Wire}
 

RENO, NV--(Marketwire - August 11, 2009) - PPJ Enterprise (PINKSHEETS: [ PPJE ]) today announces a discovery of overpayments in the amount of $2.9mm by periodic evaluation of accounting records. After a review, it was determined through the Doctor's Weekly Reimbursement Report for years 1999 to 2007 that at least one previous medical billing client received in excess. This total amount does not include interest that will be assessed. PPJE management strongly believes that this overpayment is collectable.

PPJE will also be auditing other former client accounts to ensure accurate payment records and will update shareholders on review results.

About PPJ Enterprise

PPJ Enterprise (PINKSHEETS: [ PPJE ]) is a provider of comprehensive, full-service medical practice management software. We believe this is the only fully automated health care reimburse management systems in the United States. This software system also provides management of electronic health records.

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.