Tampa, FL.—August 1, 2016 - PPJ Healthcare Enterprises, Inc. (OTCPINK: PPJE) announced today that a Reverse Split of 1-for-100 reverse stock split of its common stock took effect at the opening of trading on July 25, 2016. The Board approved the reverse stock split at a ratio of 1-for-100 on October 16, 2015, and the action was authorized by the Company’s shareholders by written consent on July 13, 2016. The Company has cancelled a Reverse Split action in January of 2016, since then the Company could not establish a bid price, it was necessary to take this action.
Upon reverse stock split, every hundred (100) shares of common stock outstanding has been automatically combine into one (1) new share of common stock with no change in par value per share. Fractional shares shall be rounded up to the nearest whole share. This will reduce the number of shares outstanding from approximately 4,507,368,276 billion to 45,073,682 million. The Company’s common stock will continue to trade on the OTCMARKETS Stock Exchange under the symbol “PPJE” The new CUSIP number for the common stock following the reverse stock split will be 69353D505. Ticker symbol will have a “D” added for about 20 business days (PPJED) starting July 25, 2016.
Holders of shares of common stock held in book-entry form or broker or other nominee do not need to take any action in connection with the reverse split, and will see the impact of the reverse split automatically reflected in their accounts.
For those shareholders who hold physical stock certificates, the Company's transfer agent, Pacific Stock Transfer Company will send instructions for exchanging those certificates for new certificates representing the post-split number of shares. Pacific Stock Transfer Company can be reached at (702) 361-3033.
As always, PPJE management advises shareholders, company followers and prospective investors to contact their financial advisors if they have any 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).
Forward-looking Statements
Information in this 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 constituted 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 discusses 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 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 to reflect the occurrence of unanticipated events.
PPJ Enterprise
1105 Terminal Way, Suite 202
Reno, Nevada 89502
Telephone: (775) 348-5735
Fax: (866) 622-3215
Websites: https://www.ppjenterprise.com