PJET Forecasts 2022 Revenue Ramp From Student Housing App Rollout
13 November 2021 - 5:22AM
InvestorsHub NewsWire
Dallas, TX -- November 12, 2021 --
InvestorsHub NewsWire -- Priority Aviation, Inc. (USOTC:
PJET) (“PJET”) today announced it expects to begin generating
revenue early next year and ramp up revenue in the second half of
the year.
PJET has started alpha testing its Student
Housing By Owner (SHBO) App. The development of the App is
complete, and the App will now undergo an internal quality
review.
The App is expected to launch in
production before the end of the year. PJET anticipates
receiving critical feedback on the App from early adopters in the
first half of next year, 2022. PJET expects to see a
substantial increase in users in the second half of the year after
the App is updated in response to feedback from early
adopters.
The App is designed to appeal to all
students but particularly to students in special situations.
U.S. Military Veterans for instance, are usually older than the
typical college student after having served and sometimes come to
school with a family.
PJET is planning to initiate its marketing
campaign with a focus on various student groups where typical
college housing accommodations may not be the best fit or at least
not a first choice fit. Students with learning differences,
for instance, and other students that may have special
accommodation requirements. PJET will market to foreign
students where advance travel to coordinate housing may not be
feasible and the added one on one communications with renters can
make the renting process more
comfortable.
The target group marketing is a cost
effective approach to getting traction in the student housing
market for an App that with appeal for all
students.
PJET anticipates its Student Housing App
to resonate with the resource constrained student housing
market.
In addition to introducing an App intended
to be the Airbnb of student housing making it easy for anyone with
an extra bedroom, garage apartment, or empty house near a campus to
now turn that extra space into income, the App is also architected
to optimize advertising to the university student
demographic.
21 million U.S. college students are
estimated to have over $376 billion in spending power. In
2020, students spent $39 billion on food alone. Annual
student spending on clothes and accessories is estimated at $67
billion. Universities themselves spend approximately $1
billion annually advertising to the university student
demographic.
See College Student
Spending Habits For 2021 to learn
more.
PJET’s Student Housing App design includes
an artificial intelligence engine intended to optimize the App’s
value to businesses looking to attract the university student
demographic.
PJET is also building a brick and mortar
component of its business. The company has reached terms to fund
and build a student housing residential building in Texas that will
support a small private university with an enrollment of
approximately 1200 students. This is the first such project
planned to support smaller universities and complement the Student
Housing App initiative.
PJET redirected its operations earlier
this year toward the student housing market. Look for much more to
be coming soon on the company’s 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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