PPJ Healthcare Enterprises,
Inc. CEO Files
$250 Million Lawsuit
and Announces Next Steps to
Rebrand the
Company
Tampa, FL
-- September 13, 2019 -- InvestorsHub NewsWire -- 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."
Court Information:
"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expected in the near future as we remove the no longer applicable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."
Forward-looking
Statements
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
Websites: https://www.ppjenterprise.com
https://www.twitter.com/PPJEnterprise
SOURCE:
PPJ Healthcare Enterprises,
Inc.
