RENO, NV--(Marketwired - Jan 23, 2014) - PPJ Enterprise (OTC Pink: PPJE) (http://www.ppjenterprise.com/) a proprietary automated health care software company, is pleased to share new developments in its collection litigation.
"On January 20, 2014 we received 16,500 documents, including bank statements and deposit items, from Bank of America," said Chandana Basu, PPJE's President, "and we received more than 2,000 similar documents from California Bank and Trust just days prior. Our forensic accounting experts must review these documents to add to our damage claim. They naturally need additional time. The Defendant brought an Ex Parte Motion on January 22 to prevent our expert from updating his report and to exclude additional damages suffered by the Company but we prevailed in the hearing."
Ms. Basu continued, "Yesterday, an hour after the Company announced that it was advised by its legal counsel that trial date was changed to February 5, 2014, we received a further update. The Judge, Honorable Mrs. Elizabeth White, stated that she would be on vacation starting February 14 for a week and ordered a settlement conference/mediation session on or about February 13 or February 20. The Court has not confirmed this yet. The Court did not want to tie up the Court Room with this case for the two to three weeks our attorneys estimate they need for trial. We have been ordered to attempt resolution of some of the issues prior to the trial date now set for February 26, 2014."
"As always, the Company will do everything to protect its shareholders' interests at any cost," Ms. Basu noted.
The Company appreciates the Company Shareholders' continued support as always.
As always PPJ management advises shareholders, company followers and prospective investors to contact their financial advisors if they have questions or concerns about their individual accounts and investment choices.
For other news and events, the Company reminds its followers to monitor OTC Markets filings tab for further newsworthy events and corporate updates which will be reported as they happen.
More updates will follow shortly.
About PPJ Enterprise
PPJ Enterprise is a proprietary automated health care software company.
We guarantee our customers a 30% increase in collections. Some physicians already using the software have reported a 50% increase in revenues and a 70% decrease in operating costs.
PPJ Enterprise has 23 years of experience as a provider of full-service medical billing services. We excel in providing traditional, customized medical billing services and support to physicians, providers, and healthcare facilities across the nation. In addition to our core medical billing services, PPJ offers a comprehensive, full-service medical billing software product, The Automated Biller®. We believe that ours is the only fully automated product poised to take over the huge health care billing market.
Information in this news release may contain statements about future expectations, plans, prospects or performance of PPJ Enterprise, that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project" and similar words and phrases are intended to identify such forward-looking statements. PPJ Enterprise cautions you that any forward-looking information provided by or on behalf of PPJ Enterprise is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. PPJ Enterprise's actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond PPJ Enterprise's control. In addition to those discussed in PPJ Enterprise's press releases, public filings, and statements by PPJ Enterprise's management, including, but not limited to, PPJ Enterprise's estimate of the sufficiency of its existing capital resources, PPJ Enterprise's ability to raise additional capital to fund future operations, PPJ Enterprise's ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match PPJ Enterprise's capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. PPJ Enterprise does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.