PJET Expands EV Pilot With ALYI Into $52 Billion E-Bike Market

Rhea-AI Summary

Priority Aviation (OTC Pink: PJET) is expanding its electric motorcycle pilot program with Alternet Systems (OTC Pink: ALYI) to include electric scooters and E-bikes, targeting the growing market expected to exceed $52 billion by 2028. The company plans to issue a shareholder update along with its annual report, including progress on its partnership with ALYI and the upcoming launch of its Student Housing By Owner (SHBO) Application. This app aims to create a long-term relationship with students, offering a socially conscious alternative to services like Airbnb.

Positive

• Expansion of electric motorcycle program includes scooters and E-bikes.
• E-bike market projected to surpass $52 billion by 2028, indicating growth potential.
• Planned launch of 'Student Housing By Owner (SHBO) Application' to attract student clientele.

Negative

• The company filed an extension for the annual report, indicating potential delays.
• Forward-looking statements highlight risks such as competition and liquidity challenges.

Dallas, Texas, April 07, 2022 (GLOBE NEWSWIRE) -- Priority Aviation, Inc. (OTC Pink: PJET) (“PJET”) today announced the company is expanding its electric motorcycle pilot program with Alternet Systems, Inc. (OTC Pink: ALYI) for college campuses to include electric scooters and E-bikes. The E-bike market is expected to surpass $52 billion by 2028.

PJET plans to publish a shareholder update in conjunction with the upcoming 2021 annual report.  The company filed an extension last week and intends to file the annual report next week within the extension period. 

The update will include details on PJET’s expanding partnership with ALYI in addition to covering the company’s planned launch its Student Housing By Owner (SHBO) Application (APP) later this month.

PJET management explains its SHBO APP as the VRBO or Airbnb for student housing.  Management plans to evolve the relationship with the students into a lifelong relationship that extends beyond graduation providing a more socially conscious Amazon alternative.

Overall, the update will serve as a progress report and update to the  company’s 2022 strategic overview presentation published in January this year introducing the soon to be launched Student Housing By Owner (SHBO) Application (APP).

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 the recent announcement by Priority Aviation (PJET)?

Priority Aviation announced an expansion of its electric motorcycle pilot program to include electric scooters and E-bikes.

What market is PJET targeting with its electric scooters and E-bikes?

PJET is targeting the E-bike market, projected to exceed $52 billion by 2028.

When will PJET release its annual report?

PJET plans to file its annual report next week after filing an extension.

What is the Student Housing By Owner (SHBO) Application?

It is an application designed to offer student housing, similar to VRBO and Airbnb, aiming for long-term engagement with students.

What risks are mentioned in PJET’s latest press release?

The press release mentions risks related to competition, financial resources, and liquidity.