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PPJ Enterprise Announces That It Has Received Commitments of Additional $2.5 Mil Worth of Collection Work From Existing Southern California Surgery Center Client This Week That May Bring Additional Revenue of $150,000 in the Next 12 Months
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PJ Enterprise Related Quotes
Symbol Price Change
PPJE.PK 0.0004 0.0000
{"s" : "ppje.pk","k" : "c10,l10,p20,t10","o" : "","j" : ""} Press Release Source: PPJ Enterprise On Friday April 16, 2010, 11:51 am
RENO, NV--(Marketwire - 04/16/10) - PPJ Enterprise (PPJ) (PinksheetsPJE - News) ("The Company"), a leader in proprietary automated health care reimbursement cycle (all specialties), online health information digital systems and practice information management digital system software for health care and general businesses worldwide, has announced that its subsidiary, Professional Billing Service (PBS), has received commitments of additional $2.5 Mil worth of collection work from and existing Southern California Surgery Center this week that may bring additional $150,000 in the next 12 months.
"Any new billing/collection contract will provide additional milestones for the company's financial health during the year of 2010, and beyond," noted Chandana Basu (Ms. Basu), CEO of PPJ.
"All new 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.
"All collection contracts are open ended until all balances are collected. We are fortunate to be in an industry which is easy-to-scale and expand without large capital expenditures.
"Our marketing team has been working relentlessly on many accounts and expects to close more new billing and collection accounts.
"All new contracts take approximately 90 to 120 days to see noticeable revenue. These contracts will add to PPJ's bottom line in 3rd quarter of 2010 but significantly by the end of 2010."
Above statements are noted by CEO Chandana Basu.
The Company has added two new collection personnel who are going through the training process to help expedite our collections.
PPJ Enterprise is traded under the symbol PPJE.PK.
For more information please contact: PPJ Enterprise Management at (775) 348-5735, website: http://www.ppjenterprise.com/, email: info@ppjenterprise.com.
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.
PPJ Enterprise Announces That It Has Received Commitments of Additional $2.5 Mil Worth of Collection Work From Existing Southern California Surgery Center Client This Week That May Bring Additional Revenue of $150,000 in the Next 12 Months
Buzz up! 0 Print
Companies
PJ Enterprise Related QuotesSymbol Price Change
PPJE.PK 0.0004 0.0000
{"s" : "ppje.pk","k" : "c10,l10,p20,t10","o" : "","j" : ""} Press Release Source: PPJ Enterprise On Friday April 16, 2010, 11:51 am
RENO, NV--(Marketwire - 04/16/10) - PPJ Enterprise (PPJ) (Pinksheets
PJE - News) ("The Company"), a leader in proprietary automated health care reimbursement cycle (all specialties), online health information digital systems and practice information management digital system software for health care and general businesses worldwide, has announced that its subsidiary, Professional Billing Service (PBS), has received commitments of additional $2.5 Mil worth of collection work from and existing Southern California Surgery Center this week that may bring additional $150,000 in the next 12 months."Any new billing/collection contract will provide additional milestones for the company's financial health during the year of 2010, and beyond," noted Chandana Basu (Ms. Basu), CEO of PPJ.
"All new 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.
"All collection contracts are open ended until all balances are collected. We are fortunate to be in an industry which is easy-to-scale and expand without large capital expenditures.
"Our marketing team has been working relentlessly on many accounts and expects to close more new billing and collection accounts.
"All new contracts take approximately 90 to 120 days to see noticeable revenue. These contracts will add to PPJ's bottom line in 3rd quarter of 2010 but significantly by the end of 2010."
Above statements are noted by CEO Chandana Basu.
The Company has added two new collection personnel who are going through the training process to help expedite our collections.
PPJ Enterprise is traded under the symbol PPJE.PK.
For more information please contact: PPJ Enterprise Management at (775) 348-5735, website: http://www.ppjenterprise.com/, email: info@ppjenterprise.com.
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.