Current Report Filing (8-k)
January 30 2017 - 3:28PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): January 30
th
, 2017
BLOW
& DRIVE INTERLOCK CORPORATION
(Exact
name of registrant as specified in its charter)
Delaware
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000-55053
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46-3590850
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(State
or Other Jurisdiction
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(Commission
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(I.R.S.
Employer
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of
Incorporation)
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File
Number)
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Identification
No.)
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5503
Cahuenga Blvd, #203
Los Angeles, CA 91601
(Address of Principal Executive Offices) (Zip Code)
(877)
299-0653
(Registrant’s telephone number, including area code)
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
[ ]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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SECTION
8 — OTHER EVENTS
Item
8.01
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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.
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf
by the undersigned, hereunto duly authorized.
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Blow
& Drive Interlock, Corp.
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By
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/s/
Laurence Wainer
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Name:
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Laurence
Wainer
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Title:
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Chief
Executive Officer
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Date:
January 30, 2017