PPJ Healthcare Enterprises Inc (PPJE)

[Dream]

Here is an interesting read.... See BOLD.. People thought the company was BK but they aren't!!

ITEM 2.01 Acquisition / Disposition OF ASSETS



On June 13, 2008, the Registrant disposed partial transaction of




acquisition ( the subsidiary “Healthcare” Business Services Groups, Inc.,




a Delaware Company (“Healthcare”)) dated April 23, 2004 to Chandana




Basu(Ms. Basu) from whom it acquired three companies on that day by




issuing 25,150,000 Common Shares of Registrant to Ms. Basu.




“ Healthcare” was acquired because of the impressive amount of income it




was generating during the years of 2002 through 2004. During those




years “Healthcare” was growing as much as 30 to 40 percent per year.







{ After acquisition, Registrant changed its name with Nevada




Secretary of State from Winfield Financial Group, Inc.(Winfield)




to “Healthcare” Business Services Groups, Inc. (HBSGI, Nevada).




that confused many people to understand that HBSGI, Nevada




was a different company than ““Healthcare””, the Delaware




company. Delaware company was formed in 1994 which




was doing business in California. HBSGI, Nevada Company




was actually Winfield which was the Registrant’s former




name, a Nevada Company was formed in Las Vegas, Nevada in




year 2000 by Robert and Linda Burley which never conducted




business in California. After “Healthcare”, the Delaware




Company filed Chapter 7, many people were confused




that Registrant filed Bankruptcy then changed its name with




Nevada Secretary of State to “PPJ Enterprise” (PPJE).




PPJE is the original Winfield not “Healthcare”. }

-2-


--------------------------------------------------------------------------------




Since it was acquired by the Registrant, “Healthcare” ’s income and




growth continued to decline due to multiple law suits and Arbitration




actions by its clients against “Healthcare”.




“ Healthcare” continued to operate in loss for the years of 2005, 2006




and 2007. Due to lack of funding and loss of clients and loss of income




“ Healthcare” ultimately closed its operation and filed Chapter-7




Bankruptcy on June 26, 2008.


“ Healthcare” management Group including Ms. Basu reported that




allegations by the clients were false against “Healthcare” and it filed




cross complaints against those few clients but due to lack of adequate




funding “Healthcare” was not able to continue to defend itself.





On June 13, 2008, the majority share holders and its current Board of




Directors decided that “Healthcare” to be disposed in order for the




Registrant to move for ward bring higher equity to its shareholder.




Ms. Basu agreed and accepted the transaction, she believes that this




transaction will increase share holders value. Ms. Basu agreed




to return 33.33% of the 25,150,000 shares she received for the




acquisition of the three companies on April 23, 2004. Total number of




shares will be returned by Ms. Basu is 8,383,333 to the Treasury.




As of January 1, 2008 “Healthcare” ’s assets and liabilities are no




longer be owned by the Registrant.







The Registrant will continue to operate the subsidiary Automated




Software Corp. (Automated Biller) as its primary line of business .




Automated Biller sold one license in 2008 for initially agreed price of




$238,000 for a Multi specialty Medical Group in Mississippi (the

-3-


--------------------------------------------------------------------------------




Buyer). Automated Biller received $67,000 in 2008 as initial payment




from the Buyer. Automated Biller was installed in March of 2008 and




employees were trained to use the software. The Buyer needs further




improvements to customize the software for use and did not want to pay




in advance for enhancement. Automated Biller needs immediate funding to




assist the Buyer and upgrade software as per 2009 changes and




implementation guide lines for form 837-P electronic submission of




Professional (physicians) claims. Automated Biller also needs adequate




funding to develop other specialties of Medicine and market the




software nationwide. Automated biller developed a business plan and




“ Executive Summary” for investors which can be viewed in the




Registrant’s website, http://www.ppjenterprise.com .




Automated Biller’s initial programs and at least 5 specialties have




been developed such as for Pain Management, Physical Therapy, General




and Internal Physicians and Surgery Centers. Automated Biller can




install software for these specialties to management their




appointments, Coding, billing Electronic healthcare Records, charts and




management of the entire practice with minimum efforts such new




electronic claim submission format 837P. Automated Biller also




completed 60 percent of Anesthesia billing module.




With an investment of $1.5 million Dollars, Management




strongly believes that Automated Biller can be a well known name in the




Healthcare community nationwide which will generate profit for share




holders and increase share values drastically.

-4-


--------------------------------------------------------------------------------




Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

PPJ Enterprise,

By: /s/ Chandana Basu

Chandana Basu

Chief Executive Office

Dated: February 26, 2009