PPJ Healthcare Enterprises Inc (PPJE)

[jp7204]

Look what I have found
This is a old pr from HBSGI in 2005, this looks like a PPJE PR. Talking about a hugh deal in the millions and still want mention the name of the company the deal is with. Did the CEO of PPJE run this company out of busines, or exagerate them out of business. Maybe this is the answer I have been looking for, did PPJE buy HBSGI from our current CEO of PPJE?
Healthcare Business Services Groups, Inc. Receives Major
Billing Service Contract
with Pain Management Association

Valued to Increase Net Revenues by $10 to $12 Million Per Year

UPLAND, Calif., Sept. 13, 2005 (PRIMEZONE) -- Healthcare Business Services Groups, Inc. (OTC BB:HBSV.OB - News) today announced that it has signed a billing service contract with a pain management association consisting of 200 practices with one or more doctors when fully serviced.


"This opportunity is the greatest news for HBSGI shareholders," said Chandana Basu, CEO of HBSGI. "This contract could increase HBSGI's net revenue by $10 to $12 million per year when fully serviced. All new contracts are usually for one year, renewed for two years, but in many cases clients stayed with us more than eight years. Our proprietary software is now ready to handle many billing accounts and will allow us to add new contracts with minimal addition to staff or internal expenditures. We are fortunate to be in an industry which is easy-to-scale and expand without large capital expenditures and is in growing demand. Our existing infrastructure allows us to fill a consistent flow of new leads to create strong top and bottom line improvements this year and beyond."

About Healthcare Business Services Groups, Inc.

Healthcare Business Services Groups, Inc. ("HBSGI") is a provider full-service medical billing services and solutions and operator of surgery centers. The company provides traditional, customized medical billing services and support to physicians, providers, and healthcare facilities across the nation. In addition to its core medical billing services, HBSGI offers a comprehensive, full-service medical billing software product, AutoMed, Inc. We believe that is the only fully automated product on the market. HBSGI also plans to develop and operate surgical centers in several geographical markets. For more information, visit http://www.hbsgi.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 risks 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.

Contact:

Healthcare Business Services Groups, Inc.
Chandana Basu, CEO
[phone], [phone]