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SOURCE PPJ Enterprise
RENO, Nev., July 3, 2014 /PRNewswire/ -- PPJ Enterprise (OTC Pink: PPJE) (PINKSHEETS: PPJE), a leader in proprietary automated healthcare reimbursement software, online health information digital systems and medical practice information management, is going to trial on Monday July 7, 2014 at 9:30 a.m. in Los Angeles Superior Court, for PPJ Enterprise's asset collection lawsuit against Dr. Narinder Grewal of Santa Clarita, Ca. The Company is seeking more than $8.5 million in damages associated with alleged unpaid medical billing fees and monetary advances made to Grewal by the company during a period dating from 2001-07.
"We are pleased to finally be nearing the point where the company can resolve this matter," PPJ Enterprise CEO Chandana Basu said. "We believe that justice will be served in this case, and we want to thank all our shareholders and supporters for their continued patience and support during these difficult proceedings."
PPJ Enterprise is in its fifth year of litigating the case against Grewel. By law, the case must be finalized by December 2014, according to attorneys for PPJE.
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 the OTC Markets filings tab for further newsworthy event and corporate updates, which will follow as they happen.
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.
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