PJET SHBO APP Promotes Village Commons Solution For Small Universities Impacted By COVID

Rhea-AI Summary

Priority Aviation, Inc. (OTC Pink: PJET) is set to launch its Student Housing By Owner (SHBO) Application, akin to VRBO or Airbnb, targeting student housing markets. This follows a report by Moody's indicating financial pressures on many smaller universities exacerbated by the pandemic. PJET plans to publish a shareholder update alongside its annual report this week, detailing the APP's community engagement potential, and expanding partnerships with Alternet Systems, Inc. to include electric scooters and E-bikes, tapping into a market projected to exceed $52 billion by 2028.

Positive

• Launch of SHBO APP targeting student housing.
• Partnership expansion with Alternet Systems for electric scooters and E-bikes.
• Potential to enhance community engagement for smaller universities.

Negative

• Smaller universities are facing financial pressures as reported by Moody's.
• Potential risks associated with the success of SHBO APP amid market competition.

Dallas, Texas, April 12, 2022 (GLOBE NEWSWIRE) -- Priority Aviation, Inc. (OTC Pink: PJET) (“PJET”) plans to introduce 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. 

Forbes reports: “About a third of the nation’s approximately 4,500 private nonprofit and for-profit institutions have student bodies of 1,500 students or fewer. Of these, roughly half, or 750, are experiencing financial pressures because of bond indebtedness, according to a recently released report by Moody’s Investors Services.”

The COVID-19 pandemic has fueled enrollment drops further impacting smaller universities already struggling to compete.

Robert L. Fried and Eli Kramer, higher education researchers participating as professionals within universities, suggest a “village commons” approach where smaller universities engage with the local community to integrate and facilitate higher learning pathways. 

PJET plans to publish a shareholder update in conjunction with the upcoming 2021 annual report.  The 2021 annual report is expected this week, and the update will follow shortly thereafter.

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).

The update will include a management explanation of how the APP can promote, serve and enhance the “village commons” approach for smaller universities.

The update will also include details on PJET’s expanding partnership with Alternet Systems, Inc (OTC Pink: ALYI).  ALYI has recently announced the company is expanding its electric motorcycle pilot program with PJET for college campuses to include electric scooters and E-bikes.  The E-bike market is expected to surpass $52 billion by 2028.

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 SHBO Application being launched by PJET?

The SHBO Application is Priority Aviation's platform designed for student housing, similar to VRBO or Airbnb.

When will PJET release its annual report?

PJET's annual report is expected to be published this week.

What are the financial pressures faced by smaller universities according to Moody's?

Moody's reports that around 750 out of 4,500 smaller universities are experiencing financial pressures due to bond indebtedness.

What market is PJET exploring with its partnership with Alternet Systems?

PJET is exploring the electric scooter and E-bike market, which is projected to exceed $52 billion by 2028.

How does PJET plan to utilize its SHBO APP?

PJET intends to use the SHBO APP to promote community engagement and support smaller universities in providing housing solutions.