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PPJ Enterprise Announces Victory in the Federal Court; PPJ Legal Counsel Was Approved to Represent United States Trustee to Col

^{Published on 2010-05-18 07:00:53 - Market Wire}
 

RENO, NV--(Marketwire - May 18, 2010) - PPJ Enterprise (PPJ) (PINKSHEETS: [ PPJE ]) ("The Company"), a leader in proprietary automated health care reimbursement cycle (all specialties), online health information digital systems and practice information management digital system software for health care and general businesses worldwide, has announced that its former subsidiary under the care of the Federal Trustee received order from Federal Court to proceed with its collection efforts on unpaid fees by many of the former clients who either refused to pay or skipped without paying company's billing collection fees. Total gross uncollected billing is more than $60,000,000 that clients received payments directly in their office (amounts unknown). Per Trustee, PBS will get a contract to collect these bills to expedite collection efforts. This verdict further strengthens collection efforts of company's assets from its former client/board of directors.

"PPJ's legal counsel, who is representing PPJ in the State Court against its former client/director, has now been approved by the Federal Court to represent the Trustee to collect unpaid fees from its former clients, including the said former client/Board of directors who has made no efforts to pay back company assets; refused to pay billing and collection fees in excess of $5,000,000; and instead made multiple oppositions to delay and prevent PPJ counsel from being approved by the Federal Court."

"Our better days are ahead of us. This victory in the Federal Court is a huge milestone for the Company."

"Many issues keep us very busy so we may not update our shareholders in a consistent manner but we are working towards many resolutions and improvements to move forward in a promising future. We wish our shareholders be with us for long term as we are a company working for progress and to make a substantial difference in all of our bottom-line."

Above statements are noted by CEO Ms. Chandana Basu. The Company has added four new collection personnel who are going through training process to help expedite our collections efforts.

We have been reducing our debt with long term note holders, but the Company plans to buy back shares from the market as we become more financially independent.

Currently Pinkotc is reporting us as "CAVEAT EMPTOR" in the sign but "LIMITED INFO" in their details since we have updated Company information. Our Legal Counsel is currently reviewing documents and preparing to comply with Pinkotc.com to bring "CURRENT INFO" status. Once our status is updated we will inform our shareholders by Press Release.

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.