NEW YORK, NY- October 12, 2017 - Priority Aviation Inc. (OTC PINK: PJET) today announced the acquisition of Telluride Health Company. The acquisition marks a strategic directional change for the Company. In conjunction with the acquisition of Telluride Health Company, Priority Aviation is exiting the private jet charter service industry with the disposition of its subsidiary Priority One Jets, Inc. Yasmine Acebo, a Telluride Health Company founder, comes on board as the new Priority Aviation Chief Executive Officer replacing Peter Minikes who resigned as CEO and board member. Mr. Minikes exercised his option under his employment agreement to acquire Priority One Jets. Replacing Mr. Minikes on the board of directors is Ms. Acebo and Randell Torno.
Telluride Health Company’s is founded by young cannabis entrepreneurs that have identified an untapped sector of the market. Telluride Health Company imminently anticipates announcing its first unique product for this untapped sector of the overall cannabis market. The Company plans updating its corporate name to Telluride Health Company to reflect the strategic direction change announced today.
Look for more information on the company’s new direction as Telluride Health Company coming soon.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. These forward-looking statements relate to, amongst other things, current expectation of the business environment in which the company operates, potential future performance, projections of future performance and the perceived opportunities in the market. The company's actual performance, results and achievements may differ materially from the expressed or implied in such forward- looking statements as a result of a wide range of factors.
Priority Aviation, Inc.