RENO, NV - March 24, 2014 - PPJ Enterprise (OTC Pink: PPJE) (PINKSHEETS: PPJE), a proprietary automated Health Care Practice billing management Software Company, is pleased to share this update with the company shareholders and followers.
Mandatory Status Conference in the Company's collection case was held on March 19, 2014 in Los Angeles Superior Court. No Settlement has been reached after several hours. The Company submitted its demand of $13,711,386.88 plus interest and penalties to the Defendants. Defendants offered a negligible amount to which the Company did not accept.
Defendants moved the Court on Friday for two (2) weeks of time extension due to their Expert's unavailability for deposition and to requested shorten time to file motion to amend their Cross Complaint, Honorable Judge Elizabeth White (Judge) granted Defendants' motion to shorten time to bring in motion to amend their cross complaint, the Company will file motion to oppose.
Judge could not locate an available courtroom for 2 to 3 weeks of trial hearing until July 7, 2014. The Court left the discoveries open during this time.
"This is an opportunity to move on with the PPJ's business plans and take care of the promised incentive shares for the Company's loyal long term shareholders," noted Ms. Basu, CEO of PPJ Enterprise.
"We apologize for the extreme delay for providing the promised shares and sincerely appreciate the patience and continued support from our all shareholders during this difficult times. The Company intends to make it up for all delays."
The Company will be attending another medical conference in San Francisco from April 1-5, 2014. As the business progresses the company will update its shareholders and followers.
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 news worthy 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.
1105 Terminal Way, Suite 202
Reno, Nevada 89502
Telephone: (775) 348-5735
Fax: (866) 622-3215
Web site: https://www.ppjenterprise.com
SOURCE: PPJ Enterprise