PJET announces a student housing project in brick and mortar for

Dallas, Texas, November 01, 2021 (GLOBE NEWSWIRE) – Priority Aviation, Inc. (OTC Pink: PJET) (“PJET”) today announced that the company has entered into terms to finance and construct a student residential building in Texas which will support a small private university with an enrollment of around 1,200 students.

PJET recently revealed a shift in business focus, with the company now targeting the student housing market.

At the heart of PJET’s business plan is a software application scheduled for launch in early December. PJET is preparing to launch its student housing application in early December.

With student accommodation is scarce and only an estimate 22% of students living on campus, PJET anticipates that its student housing app will resonate with the resource-constrained student housing market.

PJET specifically plans to target small underserved universities. The physical housing project announced today is the first such project planned to support small universities and complement the Student Housing App initiative.

In addition to introducing an application intended to be the Airbnb of student accommodation, the application is designed to optimize advertising to the university student population.

It is estimated that 21 million American students have a purchasing power of more than 376 billion dollars. In 2020, students spent $ 39 billion on food alone. Annual student spending on clothing and accessories is estimated at $ 67 billion. Universities themselves spend around $ 1 billion a year on advertising to college students.

See Spending habits of university students for 2021 to learn more.

While the Student Housing app transaction revenue is expected to be substantial, PJET expects the main profit generator to come from advertising to college students through high margin advertising revenue.

The design of the PJET student accommodation app includes an artificial intelligence engine to optimize the app’s value for businesses looking to attract university students.

PJET reoriented its operations earlier this year towards the student housing market. PJET’s majority shareholder, ACI Conglomerated, is also the majority shareholder of Puration, Inc. (OTC Pink: PURA) and North American Cannabis Holdings, Inc. (OTC Pink: USMJ), and represents a diversification initiative in outside the cannabis industry. . Expect to learn more about the company’s new business direction.

Periodically visit the new company website to check for the latest updates

Company Website – www.pjet-info.com

Safe Harbor / Disclaimer: This press 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 in this document will make significant sales, failure to meet the schedule or performance requirements of the companies’ contracts, the liquidity position of the companies, the capacity companies to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive prices. In light of these uncertainties, the forward-looking events mentioned in this press release may not occur.

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