UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) February 26, 2009
PPJ ENTERPRISE
(Exact name of registrant as specified in its charter)
|
Nevada |
000-50014 |
88-0478644 |
|
(State or other jurisdiction |
(Commission |
(IRS Employer |
|
of incorporation) |
File Number) |
Identification No.) |
1120 TERMINAL WAY, SUITE 202, RENO 89503
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code (775) 786-5528, Fax (888) 213-5031
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) [ ]
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ITEM
2.01 Acquisition / Disposition OF ASSETS
On June 13, 2008, the Registrant disposed partial transaction of
acquisition (the subsidiary “Healthcare” Business Services Groups, Inc.,
a Delaware Company (“Healthcare”)) dated April 23, 2004 to Chandana
Basu(Ms. Basu) from whom it acquired three companies on that day by
issuing 25,150,000 Common Shares of Registrant to Ms. Basu.
“Healthcare” was acquired because of the impressive amount of income it
was generating during the years of 2002 through 2004. During those
years “Healthcare” was growing as much as 30 to 40 percent per year.
{After acquisition, Registrant changed its name with Nevada
Secretary of State from Winfield Financial Group, Inc.(Winfield)
to “Healthcare” Business Services Groups, Inc. (HBSGI, Nevada).
that confused many people to understand that HBSGI, Nevada
was a different company than ““Healthcare””, the Delaware
company. Delaware company was formed in 1994 which
was doing business in California. HBSGI, Nevada Company
was actually Winfield which was the Registrant’s former
name, a Nevada Company was formed in Las Vegas, Nevada in
year 2000 by Robert and Linda Burley which never conducted
business in California. After “Healthcare”, the Delaware
Company filed Chapter 7, many people were confused
that Registrant filed Bankruptcy then changed its name with
Nevada Secretary of State to “PPJ Enterprise” (PPJE).
PPJE is the original Winfield not “Healthcare”.}
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Since it was acquired by the Registrant, “Healthcare” ’s income and
growth continued to decline due to multiple law suits and Arbitration
actions by its clients against “Healthcare”.
“Healthcare” continued to operate in loss for the years of 2005, 2006
and 2007. Due to lack of funding and loss of clients and loss of income
“Healthcare” ultimately closed its operation and filed Chapter-7
Bankruptcy on June 26, 2008.
“Healthcare” management Group including Ms. Basu reported that
allegations by the clients were false against “Healthcare” and it filed
cross complaints against those few clients but due to lack of adequate
funding “Healthcare” was not able to continue to defend itself.
On June 13, 2008, the majority share holders and its current Board of
Directors decided that “Healthcare” to be disposed in order for the
Registrant to move for ward bring higher equity to its shareholder.
Ms. Basu agreed and accepted the transaction, she believes that this
transaction will increase share holders value. Ms. Basu agreed
to return 33.33% of the 25,150,000 shares she received for the
acquisition of the three companies on April 23, 2004. Total number of
shares will be returned by Ms. Basu is 8,383,333 to the Treasury.
As of January 1, 2008 “Healthcare” ’s assets and liabilities are no
longer be owned by the Registrant.
The Registrant will continue to operate the subsidiary Automated
Software Corp. (Automated Biller) as its primary line of business.
Automated Biller sold one license in 2008 for initially agreed price of
$238,000 for a Multi specialty Medical Group in Mississippi (the
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Buyer). Automated Biller received $67,000 in 2008 as initial payment
from the Buyer. Automated Biller was installed in March of 2008 and
employees were trained to use the software. The Buyer needs further
improvements to customize the software for use and did not want to pay
in advance for enhancement. Automated Biller needs immediate funding to
assist the Buyer and upgrade software as per 2009 changes and
implementation guide lines for form 837-P electronic submission of
Professional (physicians) claims. Automated Biller also needs adequate
funding to develop other specialties of Medicine and market the
software nationwide. Automated biller developed a business plan and
“Executive Summary” for investors which can be viewed in the
Registrant’s website, http://www.ppjenterprise.com.
Automated Biller’s initial programs and at least 5 specialties have
been developed such as for Pain Management, Physical Therapy, General
and Internal Physicians and Surgery Centers. Automated Biller can
install software for these specialties to management their
appointments, Coding, billing Electronic healthcare Records, charts and
management of the entire practice with minimum efforts such new
electronic claim submission format 837P. Automated Biller also
completed 60 percent of Anesthesia billing module.
With an investment of $1.5 million Dollars, Management
strongly believes that Automated Biller can be a well known name in the
Healthcare community nationwide which will generate profit for share
holders and increase share values drastically.
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Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
PPJ Enterprise,
By: /s/ Chandana Basu
Chandana Basu
Chief Executive Office
Dated: February 26, 2009
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