PJET Announces New Strategic Investment and Merger and Acquisition Discussions

Rhea-AI Summary

Priority Aviation, Inc. (OTC Pink: PJET) is advancing discussions with a potential strategic investor to explore merger and acquisition opportunities. The company focuses on developing the SHBO APP, which enhances university student life by connecting students with rental properties. The app's launch is awaited and is expected before the end of Q3, contingent on market conditions. The ongoing strategic investment discussions aim to secure funding for targeted mergers and acquisitions to accelerate growth. Further updates on these discussions will be provided soon.

Positive

• Engagement in strategic investment discussions to explore mergers and acquisitions.
• Development of the SHBO APP aims to enhance university student life.
• Expected app launch before the end of Q3 could attract users and generate revenue.

Negative

• Dependence on market conditions for the app's launch could pose delays.
• Uncertainty in securing funding for mergers and acquisitions may hinder growth.

Dallas, TX, Aug. 16, 2022 (GLOBE NEWSWIRE) -- Priority Aviation, Inc. (OTC Pink: PJET) (“PJET”) today announced discussions with a potential new strategic investor are progressing and include the exploration of merger and acquisition opportunities. 

PJET is a technology company developing applications designed to enhance university student life. The central application (SHBO APP) connects the local university community with students by facilitating the advertisement by property owners of real estate available for student rental.  The company plans to expand the APP’s reach into additional aspects of student life and build a lifelong relationship with students even after their college experience.  The APP launch has been pending the improvement of overall market conditions and is currently anticipated to launch sometime before the end of Q3.

PJET indicates the recently engaged strategic investment discussions specifically include the potential funding of targeted merger and acquisition opportunities intended to accelerate PJET’s growth.

Look for further updates on the strategic investment discussions coming soon.

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 PJET's primary business focus?

PJET focuses on developing applications that enhance university student life, particularly the SHBO APP, which connects students with rental properties.

What are PJET's plans for mergers and acquisitions?

PJET is currently in discussions with a potential strategic investor to explore mergers and acquisitions aimed at accelerating growth.

When is the SHBO APP expected to launch?

The SHBO APP is anticipated to launch before the end of Q3, pending improvements in market conditions.

How will the strategic investments impact PJET?

The strategic investments aim to fund targeted mergers and acquisitions, which may significantly boost PJET's growth.

What updates can investors expect from PJET?

Investors can expect further updates on the strategic investment discussions and app launch timeline in the near future.