PJET Brings Sharing Economy Technology To Student Housing Where Only 22% Of Students Live On Campus And $16 Billion A Year is Invested In Building New Rooms
Priority Aviation, Inc. (OTC Pink: PJET) has announced the development of its new application, SHBO (student housing by owner), which aims to serve as an Airbnb-like platform for student housing. The application is set to beta launch before the end of 2021 as student housing demand is rising, with only 22% of U.S. students living on campus. PJET is also in talks to acquire a physical property near a Texas university to test its technology while generating revenue. The majority shareholder has decided to steer the company towards diversifying away from the cannabis industry.
- Development of SHBO application targeting student housing market.
- Anticipated beta launch before the end of 2021.
- Plans to acquire a physical asset for technology testing and revenue generation.
- Transitioning away from cannabis may create uncertainties in business strategies.
- Dependency on successful launch and market acceptance of SHBO application.
Dallas, Texas, Oct. 21, 2021 (GLOBE NEWSWIRE) -- Priority Aviation, Inc. (OTC Pink: PJET) (“PJET”) today announced the company has been developing an application it expects to launch before the end of the year that is essentially the Airbnb of student housing.
The United States has approximately 4,000 universities among more than 25,000 universities globally. Student housing is in short supply with only an estimated
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 SHBO App is anticipated to beta launch before the end of 2021.
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.
Recently, the majority shareholder of PJET, ACI Conglomerated, has decided on a new business direction outside the cannabis industry. ACI is also the majority shareholder of North American Cannabis Holdings, Inc. (OTC Pink: USMJ) and Puration, Inc. (OTC Pink: PURA). With two business already in the cannabis marketplace, ACI is diversifying with PJET.
PJET has lately updated its required disclosures with OTC Markets to reestablish current information status.
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
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