Business & Finance
Business and FinanceBusiness and Finance 
Tue, November 24, 2009
Mon, November 23, 2009
PPJ Enterprise Announces Disclosure of Current Financial Information With OTCIQ
RENO, NV--(Marketwire - November 23, 2009) - PPJ Enterprise (PPJ, the Company) (
The Company also updated Balance Sheets for 2006 and 2007 and intends to file Amended 10Ks for the mentioned years once the Company returns to Reporting status with U.S. Security and Exchange; the amended 10K will include the additional assets in account receivable of $4.5 million which was discovered recently during an in-house audit. This account receivable amount was overpaid by HBSGI, the former subsidiary of the Company, to a former client. PPJ Enterprise is currently taking steps to recover this amount in full. The Company experienced severe financial loss due to shortage of cash flow and was unaware of the above overpayments at the time.
Accounts receivable of the unpaid invoices from the former subsidiary medical billing service represents approximately $7.8 million, are no longer an asset of PPJ Enterprises as of January of 2008.
The Company is now in process of re-organizing and gaining its financial strength and intends to recover within the year of 2010 if it receives funding it needs. PPJ Enterprise Executives are very experienced in the medical billing service and will continue to pursue opportunities in this industry.
Investors interested in equity funding or provide loan against the Company assets may contact the Company Legal Council at (775) 548-5735.
For more information please contact: PPJ Enterprise Management at (775) 348-5735, website: [ www.ppjenterprise.com ], email: [ pm@ppjenterprise.com ].
Safe Harbor Statement
"This press release includes forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, and also includes selected operating results presented without the context of accompanying financial results. These forward-looking statements include, among others, statements with respect to our objectives and strategies to achieve those objectives, as well as statements with respect to our beliefs, plans, expectations, anticipations, estimates or intentions. These forward-looking statements are based on our current expectations. We caution that all forward-looking information is inherently uncertain and actual results may differ materially from the assumptions, estimates or expectations reflected or contained in the forward-looking information, and that actual future performance will be affected by a number of factors, including economic conditions, technological change, regulatory change and competitive factors, many of which are beyond our control. Therefore, future events and results may vary significantly from what we currently foresee. We are under no obligation (and we expressly disclaim any such obligation) to update or alter the forward-looking statements whether as a result of new information, future events or otherwise."