PJET adapts its growth strategy to the current market

Dallas, Texas, May 11, 2022 (GLOBE NEWSWIRE) — Priority Aviation, Inc. (OTC Pink: PJET) (“PJET”) today addressed the company’s continued high growth strategy under current market conditions. CEO Steven Rash has released an update on the company’s evolving plans. The update is included in full below:

Dear shareholders:

As a serial entrepreneur with more years under my belt than I care to admit, I live with an optimistic view of the future and nothing in today’s market has changed that.

Nurturing a long career as an entrepreneur has also forced me to balance my optimism with a healthy dose of practicality.

I’ve often spoken with investors throughout my career about the inverse relationship between time and investing. With more investment, a business plan can be executed in a shorter time frame. Conversely, less investment results in a longer execution period.

The prevailing market conditions are not conducive to investment.

PJET is a start-up company that will require investment to achieve its goals.

While I am optimistic that current market conditions will improve, I believe it is prudent to pace our projected growth to adjust to market conditions.

Our investment in the development of our Student Housing By Owner (SHBO) software is already under our belt. We will be rolling out the SHBO app soon. Given current market conditions, we will reduce the commercialization of the new APP and otherwise rely on internal internal resources to commercialize the rollout.

The sales ramp could be less robust than if we invested more in marketing. At the same time, the digressive investment will improve our sustainability. We will weather the market storm, gather feedback on the first version of the SHBO app to be included in version two, and plan a larger marketing plan behind version two.

We will also be idling our planned investment in building the physical infrastructure originally intended to give us a hands-on contribution to the evolution of the SHBO application. For now, we will rely on the feedback we receive from the upcoming rollout of SHBO APP V 1.0.

This market is not my first rodeo. I am confident that we can scale back our holding plans in this market until we have an opportunity to ride the bull again.

Sincerely,
steven rash
CEO
PROJECT

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.

Contact:
steven rash
Info@pjet-info.com
+1 (800) 861-1350


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