PJET Targets Optimal SHBO APP Release Timing As Billions Are Invested In Market

Rhea-AI Summary

Priority Aviation, Inc. (OTC Pink: PJET) announced plans to launch its Student Housing By Owner Application (SHBO APP) aimed at enhancing university student life by connecting students with rental property owners. The student housing market is currently experiencing record growth, attracting significant investment. CEO Steven Rash stated the APP is ready for launch, despite the uncertain market conditions. A definitive launch date is forthcoming, targeting the fall housing market.

Positive

• The SHBO APP is set to enhance student life by connecting renters with property owners.
• The student housing sector is seeing record growth, indicating strong market potential.

Negative

• CEO expressed concerns about finding a favorable market window for technology launches.
• No specific launch date has been confirmed, which may lead to uncertainty.

Dallas, Texas, May 19, 2022 (GLOBE NEWSWIRE) -- Priority Aviation, Inc. (OTC Pink: PJET) (“PJET”) today released details in regard to the upcoming launch of the company’s Student Housing By Owner Application (SHBO APP).

PJET is a technology company developing applications designed to enhance university student life. The central application (SHBO APP) connects the local university community with students by facilitating the advertisement by property owners of real estate available for student rental.  The company plans to expand the APP’s reach into additional aspects of student life and build a lifelong relationship with students even after their college experience.

Student housing rents are reported to be experiencing record growth and multiple institutional investors have recently invested billions into the student housing market.

See: Student Housing is Growing on Institutional Investors’ Radars, Say InterFace Panelists

“For all intents and purposes, the SHBO APP is ready to launch,” said CEO Steven Rash. “Frankly, we’ve been looking for a window to launch the APP into better market receptivity for new technologies.  We have to admit to ourselves now that such a window may not open up in the next few weeks and we need to launch regardless so that we can capture the fall return to school housing market.”

PJET is conducting a weekly APP development review this week and a definitive launch date is on the agenda.  Look for an imminent announcement regarding the launch coming soon.

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 APP by PJET?

The SHBO APP is a platform designed to connect university students with rental properties, enhancing their housing experience.

When is PJET launching the SHBO APP?

The launch date is yet to be confirmed, but PJET aims to release the APP soon to coincide with the fall housing market.

How is the student housing market performing according to PJET?

The student housing market is experiencing record growth, attracting significant investments from institutional investors.

What challenges does PJET face with the SHBO APP launch?

PJET acknowledges challenges in finding a favorable market window for the launch, citing potential delays.