BLOW & DRIVE INTERLOCK CORPORATION (NASDAQ:BDIC) Files An 8-K Other Events
Item 8.01
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Other Events.
On or around December 28, 2016 we confirmed receipt of a
wire transfer of funds from The Doheny Group in the amount
of $17,250. This wire was in addition to the separate wire
we acknowledged yesterday for the amount of $97,750. This
brings the total funds advanced to us in the last weeks by
The Doheny Group to a total of $115,000. This completes
Phase 2 of the approximately $1 million in financing we
announced in October 2016. We anticipate having the first
units readied in January 2017 and begin booking reoccurring
revenue from these units no later than March 2017. This
will nearly double the number of BDI 747 units we have on
the road from approximately 1100 to 2100 machines.
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