PJET Announces December Launch Date For Student Housing App

Rhea-AI Summary

Priority Aviation, Inc. (PJET) announced plans to launch its Student Housing Application in early December 2021, aimed at becoming the "Airbnb of student housing." With only 22% of students living on campus and increasing rental prices, the app seeks to address the housing shortage near the approximately 4,000 universities in the U.S. PJET is also developing a sharing economy application called SHBO to facilitate property listings for students. Additionally, discussions are underway to acquire a physical asset to test and refine the application while generating revenue.

Positive

• Launch of the Student Housing Application targeting a growing market.
• Development of SHBO, allowing students to list properties for rent.
• Acquisition discussions for a physical asset to demonstrate technology and generate revenue.

Negative

• None.

DALLAS, Oct. 27, 2021 /PRNewswire/ -- Priority Aviation, Inc. (USOTC: PJET) ("PJET") today announced the company intends to launch its Student Housing Application in early December.

The App is intended to be the Airbnb of student housing.

Student housing is in short supply with only an estimated 22% of students living on campus. 

Rents have been steadily increasing, even through Covid, since 2017.

The United States has approximately 4,000 universities among more than 25,000 universities globally. 

New student housing projects are dominated by a handful of large investment firms that are putting an estimated $16 billion a year into building new student housing.

Earlier this year, PJET began developing a sharing economy application called SHBO (student housing by owner) to enable the listing of properties near universities for rent by students to include entire properties, extra rooms, and roommates. 

The company is also in discussions to acquire a physical asset that will be used to test, refine, and demonstrate the technology currently under development while generating revenue at the same time.  The property is near a university in the state of Texas.

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

 

View original content:https://www.prnewswire.com/news-releases/pjet-announces-december-launch-date-for-student-housing-app-301409910.html

SOURCE Priority Aviation Inc.

FAQ

When is PJET launching its Student Housing Application?

Priority Aviation plans to launch the Student Housing Application in early December 2021.

What is the purpose of PJET's Student Housing Application?

The application aims to become the 'Airbnb of student housing' to address the housing shortage for students.

What market challenge is PJET addressing with its new app?

PJET is addressing the short supply of student housing, with only 22% of students living on campus.

What is PJET's SHBO application?

SHBO stands for Student Housing by Owner, allowing property listings near universities for students.

Is PJET acquiring any physical assets to support its new business strategy?

Yes, PJET is in discussions to acquire a physical asset near a Texas university to test and demonstrate its technology.