PJET Highlights Investment Optimism And Invites You To Be 1st To Find Out …
Priority Aviation, Inc. (OTC Pink: PJET) announced its strategic shift in business operations, aiming for growth through a new direction outside the cannabis sector.
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Rhea-AI Summary
Priority Aviation, Inc. (OTC Pink: PJET) announced its strategic shift in business operations, aiming for growth through a new direction outside the cannabis sector. Management expressed optimism following an article from The Wall Street Journal highlighting investment opportunities within OTC Markets. PJET is working on developing a technology solution for a global market and is in discussions to acquire physical assets for testing the technology. Anticipation builds for a detailed announcement by the end of October. Investors can sign up for updates on PJET's website.
Positive
- Management optimistic about new business direction.
- Developing a technology solution for a global market.
- Engaging in discussions to acquire a physical asset to test and generate revenue from the new technology.
Negative
- Previous cannabis business failed to achieve sustainability.
- Dependence on the upcoming announcement could lead to volatility in stock performance.
Details
News Market Reaction – PJET
The recorded move for PJET in the trading session of this news was +20.14%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Dallas, Texas, Oct. 07, 2021 (GLOBE NEWSWIRE) -- Priority Aviation, Inc. (OTC Pink: PJET) (“PJET”) today added an article to its new website from The Wall Street Journal highlighting investment momentum happening on the OTC Markets.
PJET recently announced it has redirected its business operations and indicated an announcement is coming soon about the new business direction.
The intention of management in posting The Wall Street Journal article today on the company’s website is to indicate management’s optimism that PJET, as an OTC Markets quoted company, is in the right place for accessing investment to fuel their new business initiative.
See The Wall Street Journal Article:
Crypto Boom, Retail Investors Fuel Rise in Over-the-Counter Stock Trading
PJET is also inviting anyone that wants to be notified the moment PJET announces its new business to sign-up on PJET’s website. Go to the company contact page and write “tell-me-first” when you enter your email to receive notification as soon as PJET releases specifics on its new business direction.
PJET’s name stems from previous jet leasing business. Subsequently, the company acquired a cannabis business, but never reached critical mass developing the acquisition into a sustainable business.
Recently, the majority shareholder of PJET, ACI Conglomerated, has 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 business already in the cannabis marketplace, ACI is diversifying with PJET.
PJET has lately updated its required disclosures with OTC Markets to reestablish current information status.
At the same time the company has been working to update its public information requirements, management has also been making headway on the new business initiative. The company is developing a technology solution to serve a global and underserved marketplace. The company is also in discussions to acquire a physical asset that will be used to test, refine, and demonstrate the technology currently under development while generating revenue at the same time.
Management anticipates revealing the new business direction before the end of October.
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
FAQ
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