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BREAKING NEWS: PPJ Enterprise Announces That It Has Secured the Three Billing Contracts in the Phoenix Area That May Yield in E

^{Published on 2009-12-24 08:10:13 - Market Wire}
 

RENO, NV--(Marketwire - December 24, 2009) - PPJ Enterprise (PPJ) (PINKSHEETS: [ PPJE ]), a leader in proprietary automated health care reimbursement cycle (all specialties), on line health information digital systems 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 three contracts (3) (as published on 11/6/2009) out of which two (2) pain management surgery center billing contracts and one (1) pain management physician billing contract in the greater Phoenix area. The company forecasts these three contracts may yield in excess of $400,000 in revenue for the company during the first 12 months.

"These few billing contracts will make significant difference for the company's financial health during the year of 2010," noted Chandana Basu, CEO of PPJ. "The incremental revenue over extended periods of time provides consistent cash flow which is dependable and easy to forecast out over multi-year periods. These new contracts also represent high-margin opportunities as our existing overhead allows us to add new contracts with minimal addition to staff or internal expenditures. This Contract has an initial term of 12 months and renewal for additional two years. Most of our contracts are renewed after the first year. We are fortunate to be in an industry in which is easy-to-scale and expand without large capital expenditures and is in growing demand."

"The company is very excited to announce that one of its previous high producing employees has been rehired. All our previous employees are anxiously waiting to return to work for the company; we will re-hire them as we bring more billing contracts," stated Ms. Basu.

All new contracts take approximately 90 days to see noticeable revenue. These contracts will add to PPJ's bottom line some in the 1st quarter of 2010 but significantly in the second quarter of 2010.

PPJ Enterprise is traded under the symbol PPJE.PK

"PPJ Enterprise wishes very happy holidays to all of you out there"

About PPJ Enterprise:

PPJ Enterprise (PINKSHEETS: [ PPJE ]) is a leading provider of comprehensive, full-service medical practice management software. The company believes its proprietary application is the only fully automated medical billing and practice management system in the U.S. today.

For more information please contact: PPJ Enterprise Management at (775) 348-5735, website: [ www.ppjenterprise.com ], email: [ pm@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 forwarding 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.