Tampa, Florida-September 13, 2019 – — PPJ Healthcare Enterprises Inc. (OTC Pink: PPJE) announced today that CEO Chandana Basu has filed a lawsuit for $250 Million in the Superior Court of the State of California. Since 2014, the plaintiffs have suffered huge damages from the tortuous conduct of the defendants. Chandana Basu, CEO, stated, “The hardships caused over the last several years due to the actions of the defendants have resulted in irreparable harm to the company. Our shareholders deserve better and I hope that the court will work swiftly and rule in our favor. In the event of a windfall for the company in this lawsuit we intend to do a major buyback of stock further reducing our outstanding shares.”
“The company is now prepared to move forward with a fresh start. Our first priority is our share structure. We have already retired 3.4 billion shares of common stock which will allow us to do our initial reduction to our authorized shares which has already been submitted. Additional adjustments to our share structure are expected in the near future as we remove the no longer applicable reserves with the transfer agent. We have taken steps to ensure no further dilution of our stock and believe that a reverse split will not be needed to achieve our business plans. The company has already removed all old board members and will look to replace them with knowledgeable quality individuals in the near future. We are currently working on filings in order to bring the company back to “current” status. Our website is now under construction and will be launched with our new business direction once we are current with our filings”
“We look forward to updating shareholders throughout the process of our rebranding.
Please follow us on twitter @ppjenterprise for more updates as they become available. Thank you for your continued support.”
Information in this release may contain statements about future expectations, plans, prospects or performance of PPJ Healthcare Enterprises Inc.(“PPJ Healthcare 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 Healthcare Enterprises cautions you that any forward-looking information provided by or on behalf of PPJ Healthcare Enterprise is not a guarantee of future performance. None of the information in this press release constituted or is intended as an offer to sell securities or investment advice of any kind. PPJ Healthcare Enterprise’s actual results may differ materially from those anticipated in such forward-looking statements because of various important factors, some of which are beyond PPJ Healthcare Enterprise’s control. In addition to those discussed in PPJ Healthcare Enterprises’ press releases, public filings and statements by PPJ Healthcare Enterprises’ management, including, but not limited to, PPJ Healthcare Enterprises’ estimate of sufficiency of its existing capital resources, PPJ Healthcare Enterprises’ ability to raise additional capital to fund future operations, PPJ Healthcare Enterprises’ ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match PPJ Healthcare Enterprises’ capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. PPJ Healthcare Enterprises 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 to reflect the occurrence of unanticipated events.
PPJ Healthcare Enterprises, Inc.
401 E. Jackson St., Suite 2340
Tampa, Florida 33602
Telephone: (813) 428-7514
Fax: (866) 622-3215
SOURCE: PPJ Healthcare Enterprises, Inc.