PJET Anticipates Rapid Revenue Growth In 2022 From Collateral $376 Billion Market

Rhea-AI Summary

Priority Aviation, Inc. (OTC Pink: PJET) is set to launch its Student Housing Application in December 2021, designed to function similarly to Airbnb for students. The app targets 21 million U.S. college students with significant spending power, estimated at over $376 billion. With only 22% of students living on campus, PJET anticipates high demand for the app. The primary revenue source is expected to come from high-margin advertising aimed at university students, leveraging an AI engine for optimized advertising strategies. The company has shifted focus toward the student housing market, with more updates to follow.

Positive

• Launch of the Student Housing App scheduled for December 2021.
• Targets a significant market with over $376 billion in spending power among college students.
• Anticipated high demand due to only 22% of students living on campus.
• Primary revenue expected from high-margin advertising to the university demographic.
• Incorporation of an AI engine to enhance app value for advertisers.

Negative

• None.

Dallas, Texas, Oct. 29, 2021 (GLOBE NEWSWIRE) -- Priority Aviation, Inc. (OTC Pink: PJET) (“PJET”) is set to launch its Student Housing Application in early December.  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.

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.

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. 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 new product launching in December 2021?

Priority Aviation is launching a Student Housing Application designed to improve student housing accessibility.

How does PJET plan to generate revenue from the Student Housing App?

PJET expects to generate revenue primarily through high-margin advertising targeted at the university student demographic.

What is the estimated spending power of U.S. college students?

U.S. college students have an estimated spending power of over $376 billion.

What percentage of students live on campus?

Only about 22% of students currently live on campus, indicating a strong potential market for PJET's app.