PJET To Introduce New Technology Business Direction Targeting Underserved Global Market Next Week
Priority Aviation (OTC Pink: PJET) is set to announce a significant change in business direction on October 21, 2021. The company, which previously engaged in jet leasing and cannabis ventures, is now focusing on a new technology solution aimed at addressing a global market need. This shift follows the majority shareholder, ACI Conglomerated's decision to diversify PJET's operations. Additionally, PJET is updating its disclosures with OTC Markets and is in talks to acquire a physical asset for revenue generation and technology testing.
- Announcement of a new business direction expected on October 21, 2021.
- Development of a technology solution targeting an underserved global market.
- Ongoing discussions for acquiring a physical asset to support technology development and generate revenue.
- Update of required disclosures with OTC Markets to restore current information status.
- Previous cannabis business acquisition did not reach sustainable levels.
- Need for reestablishing current information status indicates potential past compliance issues.
Dallas, Texas, Oct. 14, 2021 (GLOBE NEWSWIRE) -- Priority Aviation, Inc. (OTC Pink: PJET) (“PJET”) has redirected its business operations and plans to next week announce the new business direction and provide details on the work that has been underway for the last year on building the new business. The new business direction announcement is scheduled for Thursday, October 21, 2021.
PJET’s name stems from previous jet leasing business. Subsequently, the company acquired a cannabis business, but never reached critical mass developing the acquisition into a sustainable business.
Recently, the majority shareholder of PJET, ACI Conglomerated, has decided on a new business direction outside the cannabis industry. ACI is also the majority shareholder of North American Cannabis Holdings, Inc. (OTC Pink: USMJ) and Puration, Inc. (OTC Pink: PURA). With two business already in the cannabis marketplace, ACI is diversifying with PJET.
PJET has lately updated its required disclosures with OTC Markets to reestablish current information status.
At the same time the company has been working to update its public information requirements, management has also been making headway on the new business initiative. The company is developing a technology solution to serve a global and underserved marketplace. The company is also in discussions to acquire a physical asset that will be used to test, refine, and demonstrate the technology currently under development while generating revenue at the same time.
PJET invites anyone that wants to be notified the moment PJET announces its new business to sign-up on PJET’s website. Go to the company contact page and write “tell-me-first” when you enter your email to receive notification as soon as PJET releases specifics on its 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
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