PJET proposes to create a multigenerational brand serving 500 people
Dallas, Texas, Jan. 25, 2022 (GLOBE NEWSWIRE) — Priority Aviation, Inc. (OTC Pink: PJET) (“PJET”) plans to create a suite of branded services to target approximately 500 million college students in the world today, and their children in college tomorrow.
Last week, PJET published the company’s 2022 Strategic Overview presentation showcasing the soon-to-be-launched Student Accommodation by Owner (SHBO) app and detailing the plan to evolve the SHBO app into an Amazon-like global marketplace serving a multi-generational population. The preview is republished here today and included in full below:
Students – A fragmented and underserved market vital to democracy and the economy
The United States has over 5,000 colleges and over 25,000 exist worldwide. The estimated student population in the United States is 21 million. There are over 500 million university students worldwide.
Student accommodation is scarce with only an estimate 22% students living on campus.
Rents have been regularly increasingeven through Covid, since 2017.
New student housing projects are dominated by a handful of large investment firms working at big brand universities that put around $16 billion a year in the construction of new student accommodation. Smaller colleges with less recognizable names, which make up the vast majority of colleges, remain underserved when it comes to student housing.
The student housing shortage is just the tip of the iceberg. Important and critical services and supports for college students at most universities are scarce. From housing and transportation to food and recreation, not to mention tutoring and other study support services.
A college education is an essential part of upward mobility, not only for individuals, but also for improving the economic well-being of entire communities in the United States and around the world. As the global economy becomes more complex, requiring technological integration into almost every aspect of production and delivery, higher education becomes more important. Maintaining and, if necessary, raising the level of education of at least a small percentage of each community is essential to the well-being of the whole community.
Historically underrepresented students are a population vital to improving democracy and reducing poverty in the United States and around the world. When the entire student population is underserved, shortages are even more detrimental to the success of low-income students, first-generation students, and students from minorities of different races, identities, and ethnic populations.
In the United States, students are estimated to have over $376 billion in purchasing power. In 2020, students spent $39 billion on food alone. Annual student spending on clothing and accessories is estimated at $67 billion. Universities themselves spend about $1 billion a year on advertising to university student populations.
The purchasing power of students, currently diffused chaotically in a fragmented market, holds the key to implementing a better solution to serve the student community.
PJET’s mission is to create an economically feasible solution that redirects student purchasing power to the local communities surrounding each college in order to better support the student body with access to higher quality resources that can improve student success rates. diplomas.
SHBO – Student Housing By Owner APP in the global market for 500 million students
PJET is carrying out its mission to empower local communities surrounding colleges to support students by first introducing a Student Accommodation by Owner (SHBO) application (APP) where the local community can list and rent rooms, houses and apartments available to students.
With a critical shortage of student housing, SHBO, as Airbnb for student housing, is a logical place to start.
SHBO can grow quickly because it creates economic opportunities for landowners around college campuses. The economic incentive for landowners can fuel rapid expansion.
SHBO is the entry point into a relationship with students where additional products and services to serve students can be introduced. Just as Amazon’s original entry point was selling books, SHBO can grow to include a wide range of products and services that cater to the student experience. SHBO can become a global marketplace for 500 million students worldwide.
Hands-on experience to create an online experience
PJET builds a physical component of its business to physically test and prove the parameters of its technology solutions. The company has entered into terms to finance and construct a student residential building in Texas that will support a small private university with an enrollment of approximately 1,200 students. The property has already been acquired and designs are underway and expected shortly.
The brick and mortar initiative is designed to give PJET hands-on experience relevant to the introduction and evolution of its SHBO application. At the same time, the brick-and-mortar initiative will improve PJET’s revenue growth and balance sheet.
The brick-and-mortar initiative is just the beginning of PJET’s commitment to establishing hands-on experience serving the student body. PJET will add additional product and service offerings to better understand the student experience and, in turn, scale the SHBO app.
For example, PJET recently announced that it will soon release electric motorcycles and scooters produced by Alternet Systems, Inc. (OTC Pink: ALYI) for use on college campuses. PJET expects to begin taking orders in the first quarter of 2022. The company is first launching a roadshow on college campuses in Texas, where it will bring its models of electric motorcycles and scooters to campuses for demonstrations and to take some orders.
ALYI recently presented its partnership with PJET in a Presentation of the ALYI 2022 strategic outlook.
SHBO Cradle to Cradle Value – 500 million students and beyond
PJET’s SHBO app is not just an entry point into the student experience providing access to all student expenses through an Amazon-like global marketplace by helping with housing first. SHBO is the entry point into a lifelong relationship with young adult students providing valuable products and services. Think of student credit unions that retain students as members after graduation by providing car loans and mortgages.
The SHBO relationship has the potential to be multigenerational, with the relationship being passed down to children. Consider how military veterans pass on their USAA benefits to non-veteran children.
The market has yet to recognize the long-term potential of PJET’s SHBO application. As the company takes the next steps, starting with the launch of the SHBO app, the value of short-term, long-term and multi-generational relationships will become more evident.
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Company Website – www.pjet-info.com
Disclaimer/Safe Harbor: This press release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. Statements reflect the Company’s current beliefs regarding 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, failure to meet deadlines or performance requirements of the companies’ contracts, the companies’ liquidity condition, the companies’ ability 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 discussed in this press release may not occur.
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