SOURCE: PPJ Enterprise

August 17, 2011 09:30 ET

PPJ Enterprise Updates Its Shareholders

RENO, NV--(Marketwire - Aug 17, 2011) - 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 of the following:

1. FINRA is currently doing their diligence and may need more time to process R/S.

2. As per the Company CEO Ms. Basu's conversations with FINRA today, "All trading shall go on as usual using the old CUSIP number until FINRA approves the R/S, then only the new CUSIP number shall be effective. FINRA does not recognize the effective date of R/S with State, which is 7/10/2011." Once FINRA approves R/S, the Company will be notified and then the Company will inform its shareholders.

3. "The Company's CUSIP number has been set back to the old number as of today."

4. "Mina Mar group has been notified of this update and they will start getting ready for their process as agreed."

5. "With the Company's request, the setting date for the trial against Mr. Grewal has been reset for 10/11/2011. Under 'Court Ordered Compel,' the Company lawyers started deposing Narinder Grewal as of 8/5/2011 and the lawyers feel that it may take them an additional 2 to 5 sessions with Mr. Grewal." -- Noted by Ms. Basu.

6. The Company is currently working to update its Disclosure Statements with the OTC Markets and expects to complete updated filing by 8/30/2011.

7. The Company's subsidiary Professional Billing Service is still working to close some large billing accounts. The Company will inform its shareholders upon closing.

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.

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