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PPJ Enterprise Announces That It Has Secured Two New Billing Contracts in the Southern California Area That May Yield in Excess of $100,000 in Revenue Over the Next 12 Months(Market Wire Via Acquire Media NewsEdge) RENO, NV -- (MARKET WIRE) -- 02/12/10 -- PPJ Enterprise (PPJ) (PINKSHEETS: PPJE), a leader in proprietary automated health care reimbursement cycle (all specialties), on line health information digital systems and practice information management digital system software for health care providers and general businesses worldwide, has announced that its subsidiary, Professional Billing Service (PBS), has signed two new medical billing contracts (2) in the Southern California Area (1) a small pathology billing account and (1) large Surgery Center Collection account. The company forecasts these two contracts may yield in excess of $100,000 in revenue for the company during the first 12 months. "These new billing contracts provide additional milestones for the company's financial health during the year of 2010," noted Chandana Basu (Ms. Basu), CEO of PPJ. "These contracts will bring incremental revenue over extended periods of time and provide consistent cash flow which is dependable and easy to forecast out over multi-year periods. These new contracts also represent high-margin opportunities as our existing overhead allows us to add new contracts with minimal addition to staff or internal expenditures. This Contract has an initial term of 12 months and renewal for additional two years. Most of our contracts are renewed after the first year. We are fortunate to be in an industry which is easy-to-scale and expand without large capital expenditures and is in growing demand. "Our marketing team has been working on more than 20 physicians' accounts and expects to close these accounts in the very near future," noted Ms. Basu. All new contracts take approximately 90 days to see noticeable revenue. These contracts will add to PPJ's bottom line in 2nd quarter of 2010 but significantly by the end of 3rd quarter of 2010. "There is a downside of fast Growth: The Company is in need of financing to fund these high growth opportunities. We welcome equity partners to join us now to receive high rewards; interested parties may contact PPJ Management at (775) 348-5735 to discuss further," said Ms. Basu. The Company does not have any commitments for funding at this time. Shares being converted by investors partially from 2006-2008 convertible notes. PPJ Enterprise is traded under the symbol PPJE.PK For more information please contact: PPJ Enterprise Management at (775) 348-5735, website: www.ppjenterprise.com, email: [email protected]. 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. Contact: At the Company: R. Stewart Public Relations Dept. PPJ Enterprise (775) 348-5735 Fax (888) 213-2031 Email: [email protected] http://www.ppjenterprise.com |