BDIC Reports 1000% Revenue Increase YoY; 5 Star Morningstar Rating Upgrade; Letter From CEO
April 19 2017 - 7:49AM
Marketwired
LOS ANGELES, CA-(Marketwired - Apr 19, 2017) - Blow & Drive
Interlock, Corp. (OTCQB: BDIC)
Dear Shareholders,The beginning of 2017 is off to a great start
as we have materially leased all the units we have produced, and
our year over year revenue increased by 1000% however, we are
losing out on a lot of business as our phones are ringing off the
hook and we are limited in the number of units we can provide and
install. Unfortunately, we did get several hundred units returned
by our distributor that needed minor repairs, which did affect our
year end numbers. These units have been repaired and will be
deployed into cars this month as well as an additional one thousand
units slated for retail installations and set for deployment in
stages within the next 3-6 weeks.
It is important for shareholders to understand that
manufacturing the equipment is only the very first step in the
effort it takes to build a nationwide interlock company.
Interlock clients want convenience. Gaining meaningful and
significant market share in the ignition interlock industry demands
much more than just units, it requires a blanket of service centers
in each state. To compete on a level playing field we must have a
location every 5-10 miles throughout each state. Each service
center must be provided with calibration equipment, a dedicated
computer and professional training, not to mention all the
back-office logistics necessary for state required reporting. Just
as the regulations for interlocks are becoming tougher for DUI
offenders so too is the state oversight of the manufactures or
vendors licensed to do business. Each unit must be properly
installed, calibrated and inspected monthly by a licensed
technician in an authorized state sanctioned service center.
Therefore, a single service center is limited by space & time
to a finite number of installations or calibrations or removals in
a single day. With the amount of current sales and demand for new
installs, multiple locations must be opened and trained
professionally to compete on a national and eventually
international basis.
The analysis and plan for growth and market share is simple.
BDIC must invest in a nationwide infrastructure to build out and to
grow revenue. Infrastructure expansion when coupled with the cost
of building new equipment makes the capital requirements for such
an endeavor at around $50,000,000.
We could theoretically deploy 30,000-80,000 within the next
couple of years if we have adequate infrastructure. We are
confident that, if sufficiently capitalized we could quickly expand
into many more states and perfectly position the company into other
areas of criminal offender monitoring like ankle bracelet
monitoring. The result of our analysis is that with increased
capital investment we can quickly capture more & more market
share away from our competitors and create very healthy returns for
our shareholders. I am proud to say that this is a real testament
to the underlying practical economics of what BDIC has and will
accomplish, in addition to saving lives every day, which I always
like to point out to shareholders.
BDIC has avoided new debt-financing entirely and our analysis is
that any dilution from new stock issuance will be a net-positive to
shareholders, further compounded by my commitment to shareholders
to retire my 8,000,000 free-trading shares, which I assure
shareholders I will do at the earliest opportunity.
Finally, I wanted to draw interested shareholders to BDIC's new
5 Star Morningstar rating. Morningstar Research, a leading provider
of independent investment research, has upgraded BDIC's common
shares to Five out of Five Stars in their quantitative Morningstar
equity ratings and equity research reports to OTCQX® and OTCQB®
companies and their investors. Morningstar's quantitative equity
ratings for BDIC is displayed on the company's quote page on
www.otcmarkets.com/stock/BDIC/quote, providing investors with
Morningstar's estimates of the stock's fair market value
Sincerely,
Laurence Wainer
CEO
Blow & Drive Interlock Corp.
About BDIC
Blow & Drive Interlock Corp. (BDIC) based in Los
Angeles, California, that manufactures and distributes its Ignition
Interlock Device Model# BDI-747 across the United States is a
publicly traded company on the American Ventures Marketplace.
The BDI-747 is a state of the art ignition interlock device,
breath-alcohol testing device approximately the size of a
smartphone. The ignition interlock device requires the driver to
exhale into the device prior to starting the vehicle. The device
will prevent the vehicle from starting if the driver's
blood-alcohol content exceeds a predetermined set level. Interlocks
are required for use by DUI or DWI ("driving under the influence"
or "driving while intoxicated") offenders as part of their
mandatory court or motor vehicle department program.
The individual subject to the court or motor vehicle order pays
for the installation/removal and monthly lease of the ignition
interlock device. The Company will provide monitoring of the device
at predetermined intervals per state guidelines. Data will be
collected and made available to the appropriate authorities for
review. The data will show all breath tests performed and/or missed
tests as well as any attempt to bypass or circumvent the system.
For states that require a picture or GPS location of the person
performing the test, the device is equipped with camera & GPS
technologies.
Safe Harbor Statement
This news release contains statements that
involve expectations, plans or intentions (such as those relating
to future business or financial results, new features or services,
or management strategies) and other factors discussed from time to
time in the Company's Securities and Exchange Commission filings.
These statements are forward-looking and are subject to risks and
uncertainties, so actual results may vary materially. You can
identify these forward-looking statements by words such as "may,"
"should," "expect," "anticipate," "believe," "estimate," "intend,"
"plan" and other similar expressions. Our actual results, such as
the Company's ability to finance, complete and consolidate
acquisition of IP, assets and operating companies, could differ
materially from those anticipated in these forward-looking
statements as a result of certain factors not within the control of
the company such as a result of various factors, including future
economic, competitive, regulatory, and market conditions. The
company cautions readers not to place undue reliance on any such
forward-looking statements, which speak only as of the date made.
The company disclaims any obligation subsequently to revise any
forward-looking statements to reflect events or circumstances after
the date of such statements or to reflect the occurrence of
anticipated or unanticipated events. Contact InformationContact
information:
Laurence Wainer
Chief Executive Officer
5503 Cahuenga Blvd., #203
Los Angeles, CA 91601
www.blowanddrive.com
877 238-4492