Business
PJET Plans For 2022 Revenue Serving 500 Million University Students Worldwide
PJET Plans For 2022 Revenue Serving 500 Million University Students Worldwide.
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[{"type":"text","content":"\n Dallas, Texas, Dec. 13, 2021 (GLOBE NEWSWIRE) -- Priority Aviation, Inc. (OTC Pink: PJET) PJET has recently reorganized its business focus to concentrate on delivering university student life solutions starting first with an App positioned as the Airbnb or VRBO of student housing, Student Housing By Owner or SHBO. The development of the SHBO App is complete, and the App is now undergoing an internal quality review. The App is expected to launch in production before the end of the year. PJET is building a brick-and-mortar component of its business to physically trial and prove parameters for its technology solutions.  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.  PJET also recently announced that it will add an EV pilot to its brick-and-mortar pilot.  PJET has ordered ten electric scooters from Alternet Systems, Inc (OTC Pink: ALYI) that will be deployed for use on the same campus with a mobile app to access the scooters. PJET will use the pilot to generate data for a more comprehensive technology solution that can be scaled to any university. PJET CEO Steven Rash says the company will have revenue in 2022: “Our intellectual property and brick and mortar assets have value, and that value can be transformed into revenue in a number of ways.  And that revenue can be scaled by expanding the revenue model to additional campuses.  We will trial a number of revenue models making real revenue along the way. While it’s premature to nail down a revenue forecast at this time, we will collect data from our pilot revenue and in turn make a revenue forecast.  When thinking about revenue, I think investors need to consider the 21 million US university student population and the 500 million global student population and consider the potential revenue that can be derived serving student life with sustainable technology solutions.” 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 t...