PJET Announces Brick and Mortar Student Housing Project To Complement App

Rhea-AI Summary

Priority Aviation, Inc. (OTC Pink: PJET) announced its new direction into the student housing market, aiming to build a residential building to support a private university in Texas, which has around 1,200 students. They plan to launch a Student Housing Application in early December, intended to address the current housing shortage for students. With an estimated 21 million college students having a significant spending power, PJET expects substantial revenue from this initiative, primarily through high-margin advertising.

Positive

• Entered the student housing market, addressing a severe housing shortage.
• Launching a Student Housing Application to attract students and enhance service delivery.
• Anticipated substantial revenue from advertising targeted at university students, leveraging their significant spending power.

Negative

• None.

Dallas, Texas, Nov. 01, 2021 (GLOBE NEWSWIRE) -- Priority Aviation, Inc. (OTC Pink: PJET) (“PJET”) today announced the company has reached terms to fund and build a student housing residential building in Texas that will support a small private university with an enrollment of approximately 1200 students.

PJET has recently revealed a business direction change, with the company now targeting the student housing market.

Central to PJET’s business plan is a software application scheduled to launch in early December. PJET is set to launch its Student Housing Application in early December. 

With student housing is in short supply and only an estimated 22% of students living on campus, PJET anticipates its Student Housing App to resonate with the resource constrained student housing market.

PJET specifically plans to target underserved smaller universities. The physical housing project announced today is the first such project planned to support smaller universities and complement the Student Housing App initiative.

In addition to introducing an App intended to be the Airbnb of student housing, the App is architected to optimize advertising to the university student demographic.

21 million U.S. college students are estimated to have over $376 billion in spending power.  In 2020, students spent $39 billion on food alone.  Annual student spending on clothes and accessories is estimated at $67 billion.  Universities themselves spend approximately $1 billion annually advertising to the university student demographic.

See College Student Spending Habits For 2021 to learn more.

While the transaction revenue from the Student Housing App is anticipated to be substantial, PJET expects the primary profit generator to come from advertising to the university student demographic through high margin advertising revenue.

PJET’s Student Housing App design includes an artificial intelligence engine intended to optimize the App’s value to businesses looking to attract the university student demographic.

PJET redirected its operations earlier this year toward the student housing market. The majority shareholder of PJET, ACI Conglomerated, is also the majority shareholder of Puration, Inc. (OTC Pink: PURA) and North American Cannabis Holdings, Inc. (OTC Pink: USMJ), and represents an initiative to diversify outside the cannabis industry. Look for much more to be coming soon on the company’s new business direction.

Visit the company’s new website periodically to look for the latest updates

Company Website – www.pjet-info.com

Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.

Contact:
Steven Rash
Info@pjet-info.com
+1 (800) 861-1350

FAQ

What is Priority Aviation's recent business focus as of November 2021?

Priority Aviation is shifting its business focus towards the student housing market.

When is the launch date for PJET's Student Housing Application?

PJET's Student Housing Application is scheduled to launch in early December 2021.

What is the significance of PJET's student housing project?

The project aims to support a Texas private university and address the ongoing student housing shortage.

How many students does the targeted university have?

The targeted university has an enrollment of approximately 1,200 students.

What is the projected revenue model for PJET's Student Housing App?

The primary revenue model is expected to be through high-margin advertising targeting university students.