BLOW & DRIVE INTERLOCK CORPORATION (OTCMKTS:BDIC) Files An 8-K Other Events

ME Staff 8-k
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BLOW & DRIVE INTERLOCK CORPORATION (OTCMKTS:BDIC) Files An 8-K Other Events

Item 8.01

Other Events.

On or around January 28, 2017 the company completed
production of an additional 850 units of its BDI 747
ignition interlock device. Within 24 hours of these units
being readied at our Los Angeles facility, we had
materially leased 700 of these units and anticipate the
remainder are being leased and deployed posthaste. Our
distributor network continues to demand additional units,
and we are currently continuing production to create supply
to meet this demand. The monthly-reoccurring revenue from
these new an additional machines should appear on our
balance sheet within the next thirty (30) days as per the
net 30 terms we have with our distributors. This
immediately increased the number of units we have in our
inventory by approximately 75%, to approximately 2,000
machines total in our inventory, which will materially
increase our revenues and profitability. We are still on
track to have approximately 2,700 machines manufactured,
deployed, and monetized by the end of this fiscal quarter.


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 00.000 at 0.530 with 7,038 shares trading hands.