PJET Forecasts 2022 Revenue Ramp From Student Housing App Rollout

Rhea-AI Summary

Priority Aviation (PJET) announced its plans to generate revenue in early 2022 via its Student Housing By Owner (SHBO) app, which is currently in alpha testing and set for a production launch by year-end. The app targets various student demographics, including military veterans and those with special accommodation needs, aiming to ease the housing process. PJET is also initiating a marketing strategy focused on resource-constrained students. Additionally, the company is building a residential facility in Texas for a small university, supporting its new business direction in student housing.

Positive

• PJET's Student Housing App is set to launch by year-end 2021.
• The app aims to target diverse student groups, expanding its market appeal.
• Plans to build a student housing facility in Texas indicate significant business expansion.

Negative

• Revenue generation is still projected for early 2022, indicating a delay in cash flow.
• The company has redirected its operations, suggesting previous business models may not have been successful.

Dallas, Texas, Nov. 12, 2021 (GLOBE NEWSWIRE) -- Priority Aviation, Inc. (OTC Pink: PJET) (“PJET”) today announced it expects to begin generating revenue early next year and ramp up revenue in the second half of the year.

PJET has started alpha testing its Student Housing By Owner (SHBO) App. The development of the App is complete, and the App will now undergo an internal quality review. 

The App is expected to launch in production before the end of the year.  PJET anticipates receiving critical feedback on the App from early adopters in the first half of next year, 2022. PJET expects to see a substantial increase in users in the second half of the year after the App is updated in response to feedback from early adopters.

The App is designed to appeal to all students but particularly to students in special situations. U.S. Military Veterans for instance, are usually older than the typical college student after having served and sometimes come to school with a family.

PJET is planning to initiate its marketing campaign with a focus on various student groups where typical college housing accommodations may not be the best fit or at least not a first choice fit. Students with learning differences, for instance, and other students that may have special accommodation requirements. PJET will market to foreign students where advance travel to coordinate housing may not be feasible and the added one on one communications with renters can make the renting process more comfortable.

The target group marketing is a cost-effective approach to getting traction in the student housing market for an App that with appeal for all students.

PJET anticipates its Student Housing App to resonate with the resource constrained student housing market. 

In addition to introducing an App intended to be the Airbnb of student housing making it easy for anyone with an extra bedroom, garage apartment, or empty house near a campus to now turn that extra space into income, the App is also 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.

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 is also building a brick and mortar component of its business. 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.  This is the first such project planned to support smaller universities and complement the Student Housing App initiative.

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

When will PJET's Student Housing App launch?

PJET's Student Housing App is expected to launch in production by the end of 2021.

What demographics does PJET's Student Housing App target?

The app targets various student demographics, including military veterans and students with special accommodation needs.

When does PJET expect to begin generating revenue?

PJET anticipates generating revenue early in 2022.

What additional project is PJET working on?

PJET is building a residential student housing facility in Texas for a small private university.

What is PJET's marketing strategy for the Student Housing App?

PJET's marketing strategy focuses on student groups with specific housing needs, including foreign students and those with learning differences.