NEWs
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 2nd 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
