BLOW & DRIVE INTERLOCK CORPORATION (OTCMKTS:BDIC) Files An 8-K Entry into a Material Definitive Agreement

ME Staff 8-k
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BLOW & DRIVE INTERLOCK CORPORATION (OTCMKTS:BDIC) Files An 8-K Entry into a Material Definitive Agreement

Item 1.01

Entry into a Material Definitive Agreement.

On our around December 27, 2016 we entered into a material
definitive agreement Quality Service Automobile, LLC (QSA)
. The agreement is for QSA to enjoy non-exclusive
distribution rights to our BDI 747 in entire state of
Washington for a three-year term. There were approximately
35,000 peoples charged with driving under the influence in
year 2015 and the state of Washington is a first-time
offender state, meaning all DUI convictions are required to
install an ignition interlock. We received a one-time
territory fee for distribution rights and we will be
receiving a monthly fee on a per-unit basis for every BDI
747 that QSA has in their inventory in any given month.

SECTION 8 OTHER EVENTS

Item 8.01

Other Events.

On or around December 27, 2016 we confirmed receipt of a
wire transfer of funds from The Doheny Group in the amount
of $97,750. The Doheny Group has wired us these funds to
ensure that we have adequate funding and leverage in active
ongoing discussions with some of our suppliers. We are
currently is discussions with suppliers to ascertain
feasibility of sourcing key core-components and resources
that would be required for immediately increasing
production to meet current ongoing demand for the BDI 747.
Demand for our BDI 747 is exceeding our current inventory
supplies and we currently are only providing inventory and
servicing seven (7) of the eleven (11) states were we have
received regulatory approvals to provide our services.


About BLOW & DRIVE INTERLOCK CORPORATION (OTCMKTS:BDIC)

Blow & Drive Interlock Corporation manufactures, markets, leases, installs and monitors a Breath Alcohol Ignition Interlock Device (BAIID). The Company has developed BDI-747 Ignition Interlock Device (the BDI-747/1), which is a mechanism that is installed on the steering column of an automobile and into which a driver exhales prior to starting their vehicle. The device in turn provides a blood-alcohol concentration analysis. If the driver’s blood-alcohol content is higher than a certain pre-programmed limit, the device prevents the ignition from engaging and the automobile from starting. These devices are required for use by driving under the influence or driving while intoxicated offenders as part of a mandatory court or motor vehicle department program. The market for the BDI-747/1 Ignition Interlock Device is as a breathalyzer device to be used by persons convicted of a driving under the influence of alcohol. BDI-747/1 is manufactured by its subsidiary, BDI Manufacturing, Inc.

BLOW & DRIVE INTERLOCK CORPORATION (OTCMKTS:BDIC) Recent Trading Information

BLOW & DRIVE INTERLOCK CORPORATION (OTCMKTS:BDIC) closed its last trading session down -0.007 at 0.470 with 7,038 shares trading hands.