RENO, NV--(Marketwired - May 22, 2014) - PPJ Enterprises (OTC Pink: PPJE) (PINKSHEETS: PPJE), a leader in proprietary automated health care reimbursement cycle software, online health information digital systems software and medical practice information management digital system software, has announced that its subsidiary, Professional Billing Service, has agreed on a new contract to provide its billing, collections and practice management services to an imaging center headquartered in Texas.
The company estimates that the agreement should result in a $150,000 in additional annual revenue for PPJ Enterprise.
"As one of the nation's leading providers of medical billing service and consultation, we believe this contract is an ongoing win-win situation for all involved," said Chandana Basu, CEO of PPJ Enterprise. Ms. Basu continued; "Building upon our renewed focus on marketing and promotions across multiple platforms, this agreement is proof of the continuing and substantial growth our company is experiencing as a result of our recent marketing efforts."
Shareholders Incentive Updates: The Company is updating its shareholders regarding the guidance it received (verbal) from the SEC Chief Counsel's Office that long term shareholders may be eligible to receive their incentives as freely tradable shares, the Company security counsel Mr. John E. Lux stated that each case needs to be handled carefully and provide proper Opinion Letter to comply with SEC Rule 144(a)(3) and tack to provision SEC Rule 144(d)(i). The Company will contact shareholders for necessary documents. The Company will assess share value based upon the final calculations since the Company will be giving lot more shares than promised.
As always, PPJE 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. Regarding other news and events, the company reminds its followers to monitor OTC Markets filings tab for further newsworthy events and corporate updates, which will follow as they happen (http://www.ppjenterprise.com).
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.