RENO, NV, Jul 26, 2011 (MARKETWIRE via COMTEX) –
PPJ Enterprise (pinksheets:PPJE), a leader in proprietary automated
health care reimbursement cycle software (all specialties), online
health information digital systems software and practice information
management digital system software for health care providers and
general businesses, today updates its shareholders.

“All requested documents were submitted to FINRA on late Friday, July
15, 2011 for review. As per FINRA, it may take up to a week for their
review. Once FINRA’s review is completed, share price will change.
The Company CUSIP number changed on 7/10/2011. The Company is now
awaiting an ‘Attorney Letter of Tradability,’” — noted by the
Company CEO Ms. Chandana Basu.

The Company has executed retainer agreement of Mina Mar Group (Mina
Mar) on July 14, 2011, but due to delay with FINRA requirements, Mina
Mar will start communications with the shareholders after RS is
effective.

The Company’s legal councils advised that the Deposition of Narinder
S. Grewal has been rescheduled twice and was finally set for Friday,
July 15. With no show by Grewal, measures were taken to remedy the
situation by the lawyers and ‘compel’ order granted by the court. Due
to this delay, trial date may get pushed at least another month.

The Company personnel and Ms. Basu are extremely occupied with trial
preparation since Trial is currently set for August 8, 2011. The
Company is delayed to update its Disclosure Statements with the OTC
Markets and expects to complete updated filing as soon as possible
and be ‘Current’ with OTC Markets.

The Company subsidiary Professional Billing Service has negotiated a
large billing and management contract pending signatures. Once this
contract is signed, shareholders will be informed.

The Company’s second quarter earnings are less than the first quarter
due to a billing service processing center move and server crash
which caused over 15 days of loss of work in early May 2011, but
everything has been restored. The Company expects to recover this
loss in the third quarter.

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.

www.ppjenterprise.com email: info@ppjenterprise.com
Tel: (775) 348-5735
Fax: (866) 622-321

SOURCE: PPJ Enterprise

http://www.ppjenterprise.com/ mailto:info@ppjenterprise.com

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Tags : Enterprise
Categories : Enterprise