PJET CEO Indicates Cryptocurrency Strategy In The Works

Rhea-AI Summary

Priority Aviation (OTC Pink: PJET) discussed its cryptocurrency strategy during the Emerging Growth Conference, with CEO Steven Rash stating the need for businesses to integrate cryptocurrency. PJET is shifting focus to deliver university student life solutions, launching an app titled Student Housing By Owner (SHBO) by year-end. The company plans to establish a student housing building in Texas and incorporate an EV pilot using electric scooters to gather data for scaling solutions. The student demographic presents a significant spending power, with college students estimated to have over $376 billion in spending potential.

Positive

• Planned launch of the Student Housing By Owner (SHBO) app by year-end.
• Establishing a student housing building in Texas to support a private university.
• Incorporating an EV pilot program to gather data for scalable solutions.

Negative

• None.

Dallas, Texas, Dec. 09, 2021 (GLOBE NEWSWIRE) -- Priority Aviation, Inc. (OTC Pink: PJET) (the “Company”), yesterday presented at Emerging Growth Conference and PJET CEO Steven Rash indicated the company has a cryptocurrency strategy in the works during the Q&A session.

“Cryptocurrency is here to stay and needs to be integrated into probably everyone’s business strategy,” said PJET CEO Steven Rash. “We have a number of cryptocurrency scenarios being evaluated.” 

The Emerging Growth Conference (EmergingGrowth.com) is a live, interactive online event that gives existing shareholders and the investment community the opportunity to interact with the Company CEOs.

PJET has recently reorganized its business focus to concentrate on delivering university student life solutions starting first with an App positioned as the Airbnb of VRBO of student housing, Student Housing By Owner of SHBO.

The development of the SHBO App is complete, and the App is now undergoing an internal quality review. The App is expected to launch in production before the end of the year.

PJET is building a brick-and-mortar component of its business to physically trial and prove parameters for its technology solutions.  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 also recently announced that it will add an EV pilot to its brick-and-mortar pilot. PJET has ordered ten electric scooters from Alternet Systems, Inc (OTC Pink: ALYI) that will deployed for use on the same campus with a mobile app to access the scooters. PJET will use the pilot to generate data for a more comprehensive technology solution that can be scaled to any university.

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.

PJET’s Student Housing App design includes an artificial intelligence engine intended to integrate a network of businesses addressing the student living ecosystem.

PJET is majority owned by ACI Conglomerated which also controls North American Cannabis Holdings, Inc. (OTC Pink: USMJ) and Puration, Inc. (OTC Pink: PURA).

About the Emerging Growth Conference
The Emerging Growth conference is an effective way for public companies to present and communicate their new products, services and other major announcements to the investment community from the convenience of their office, in a time efficient manner.

The Conference focus and coverage includes companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, execution, and the overall potential for long term growth. Its audience includes potentially tens of thousands of Individual and Institutional investors, as well as Investment advisors and analysts.

All sessions are conducted through video webcasts and take place in the Eastern Time Zone.

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 cryptocurrency strategy?

PJET is exploring various cryptocurrency scenarios to integrate into its business strategy, as stated by CEO Steven Rash during the Emerging Growth Conference.

When will the SHBO app be launched?

The Student Housing By Owner (SHBO) app is expected to launch by the end of the year after completing its internal quality review.

What is the significance of PJET's focus on student housing?

PJET is targeting a market where U.S. college students have over $376 billion in spending power, aiming to create solutions that cater to their needs.

What innovation is PJET introducing in student housing?

PJET plans to build a student housing residential building and conduct an EV pilot with electric scooters to test technology solutions on campus.