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 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.


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 0.470 with 7,038 shares trading hands.