SOURCE: PPJ Enterprise

March 30, 2011 09:30 ET

PPJ Enterprise Announces Its Financial Results for the Fiscal Year 2010

RENO, NV--(Marketwire - March 30, 2011) - PPJ Enterprise (PINKSHEETS: PPJE) announced financial and operating results for fiscal year 2010.

2010 Financial Results

  • Revenues for the year ended December 31, 2010 increased 221% to $404,413, as compared to revenues of $126,080 for the year ended December 31, 2009.

  • Net profit for the year ended December 31, 2010 was $51,213, as compared to a loss of $81,801 for the year ended December 31, 2009.

Chandana Basu, CEO and President, stated, "2010 finished in the manner our business plan called for. Our strategy to tightly integrate our products and services enabled us to manage our expenditures, all of which resulted in increasing revenues, net profit and earnings per share. Through the focused expansion in our sales, marketing and customer support infrastructure, we continue to ensure that our customers meet the critical and growing challenges they face."

"We also took a number of steps to strengthen our balance sheet and believe we are positioned to expand organically and consider other options as they present themselves. Our continued focus will be to expand in a manner that will provide profits and increase shareholder value through strategic business partnerships and mutually beneficial contracts and business agreements," concluded Ms. Basu.

About Us

PPJ Enterprise is 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 and general businesses worldwide. For additional information visit www.ppjenterprise.com

Safe Harbor Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.

"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.

Contact Information

  • Investor Contact:
    DME Capital LLC
    Matt Graci
    Phone: 516-476-6352
    Email: Matt@dmecapital.com

    or

    PPJ Enterprises
    Chandana Basu
    CEO
    Phone: 775-348-5735