|By Marketwired .||
|December 23, 2013 12:34 PM EST||
RENO, NV -- (Marketwired) -- 12/23/13 -- PPJ Enterprise (OTC Pink: PPJE) (PPJ) (http://www.ppjenterprise.com/), a proprietary automated health care software company, is pleased to share current update with the company followers regarding the current issues.
PPJ has received its first round of debt financing offer for 2014. The Company has been offered funding by a private group for $1,000,000 dollar debt funding immediately with five years terms; details are still being worked out and as the deal progresses, the Company will update its' shareholders and followers. The Company expects this funding to be in place in January of 2014.
Chandana Basu (Ms. Basu), the Company CEO, stated, "This funding will help the Company to jumpstart its ability to meet its objective to complete its Automated-Biller software upgrade, prepare documentation, package and prepare to market the product nationwide, develop the sales team and sell to generate revenue without the further dilution on the Company's stocks, PPJ business model is looking good and is ready to proceed as planned and the Company is now looking forward to moving past the last few years."
The Company urges its long term shareholders to provide Name, Address and Tax Id/SSN to receive incentive shares within the next 30 days.
"As always the Company sincerely appreciates shareholders support in the Company's growth," noted by Ms. Basu.
The Company plans to pay this debt once its collection law suit settles. The Company expects a judgment of $5,000,000 to $7,000,000 from the collection lawsuit which is currently set for court trial hearing on January 27, 2014 in Los Angeles, California.
PPJ Enterprise (OTC Pink: PPJE) is a provider full-service medical billing services for over 23 years. The company provides and has excelled in providing traditional, customized medical billing services and support to physicians, providers, and healthcare facilities across the nation. In addition to its core medical billing services, PPJ offers a comprehensive, full-service medical billing software product, Automated-Biller, we believe that is the only fully automated product poise to take over the health care billing market.
Forward looking Statements
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.
1105 Terminal Way, Suite 202
Reno, Nevada 89502
Telephone: (775) 348-5735
Fax: (866) 622-3215
Email: [email protected]
Web site: http://www.ppjenterprise.com