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PPJ Enterprise Updating Its Share Holders With News

^{Published on 2010-06-28 08:00:24 - Market Wire}
 

RENO, NV--(Marketwire - June 28, 2010) - PPJ Enterprise (PPJ) (PINKSHEETS: [ PPJE ]), 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 providers and general businesses worldwide, has announced that its subsidiary Professional Billing Service (PBS) has signed several new medical billing/collection contracts and received billing documents in Southern California during the past few weeks.

"The Company was not able to collect as much revenue as was originally estimated due to lack of resources. But now the company has an additional 10 employees/consultants in house in billing/collection and 5 outside collectors to increase efforts.

"To be in Current Status with Pink OTC, the company tried to work with attorney Mr. Guy M. Jean-Pierre of Florida. After 5 weeks, when Mr. Jean-Pierre became available to provide Attorney Letter for the company, the Pink Sheet administration advised the Company that they no longer would accept Attorney Letter from Mr. Jean-Pierre's office.

"As of now the company has been unable to nail down an attorney for this purpose. The company is working to find another attorney at this time and working to complete 2^nd quarter financials; the company expects to accomplish this task by the middle of July or sooner.

"The company still forecasts the previously released expected revenue or higher during the 4th quarter. The billing subsidiary has been having a fast growth which is keeping the management very busy with operational issues, and may delay communications with share holders. The Company Board of Directors has decided to retain an outside reputable PR Company to provide full service which may include finding an attorney to complete the task of evaluating the Company's current information and prepare the Attorney letter to Pink OTC; three companies are in consideration at this time, and share holders will be informed as the company confirms selection.

"The Company is continuing its collection efforts to collect its assets and making some progress."

The above statements are noted by the Company CEO Ms. Chandana Basu.

PPJ Enterprise is traded under the symbol PPJE.PK

About PPJ Enterprise:

PPJ Enterprise (PINKSHEETS: [ PPJE ]) is a leading provider of comprehensive, full-service medical practice management software. The company believes its proprietary Software System 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.