PJET brings sharing economy technology to student housing
Dallas, Texas, October 21, 2021 (GLOBE NEWSWIRE) – Priority Aviation, Inc. (OTC Pink: PJET) (“PJET”) today announced that the company is developing an application that it plans to launch before the end of the year is essentially the Airbnb of student accommodation.
The United States has approximately 4000 universities among more than 25,000 universities around the world. Student accommodation is scarce with only one estimate 22% students living on campus. Rents have been regularly increasing, even through Covid, since 2017. New student housing projects are dominated by a handful of large investment firms that put an estimate $ 16 billion one year in the construction of new student accommodation.
Earlier this year, PJET began developing a sharing economy app called SHBO (Student Accommodation by Owner) to enable listing of properties near universities for rent by students to include entire properties, additional bedrooms and roommates. The SHBO app is expected to launch in beta before the end of 2021.
The company is also in talks to acquire a physical asset that will be used to test, refine and demonstrate technology currently under development while generating revenue. The property is near a university in the State of Texas.
Recently, PJET’s majority shareholder, ACI Conglomerated, 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 companies already present in the cannabis market, ACI is diversifying with PJET.
PJET recently updated its required disclosures with OTC Markets to restore the current state of information.
Expect to learn more about the company’s new business direction.
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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 one 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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