LOS ANGELES, Jan. 11, 2017 (GLOBE NEWSWIRE) -- Blow & Drive Interlock Corp, (OTCQB:BDIC) announces that the company has begun research and development of a Marijuana Ignition Interlock Device.
Dear Shareholders,
I am pleased to announce that since our last shareholder update letter BDI has continued making incredible progress. We have expanded sales and to date, we have manufactured and leased over 1,125 BDI 747 units on a reoccurring monthly revenue stream business model. In addition the company anticipates leasing an additional 1,600 units that are coming off our production line right now, into our reoccurring revenue stream, by the end of March 2017. We have functionally been sold out of equipment since our last production run in November 2016.
The Company has recently begun research and development of a Marijuana Ignition Interlock Device as the technology to detect recent or excessive Marijuana use in the breath gets better every day. We anticipate that the integration of Marijuana detection into the software of our existing and already in daily use BDI-747 Alcohol Detection Interlock Device, to be relatively seamless.
Lastly as the New Year began we secured a lease and moved our headquarters to a larger facility as we continue to grow every day. I am so pleased at how fast BDIC is gaining significant market and truly believe, that with our superior technology and software we are going to outsell our competition and quickly become the leader in the BAIID industry. We are very well on our way to achieving my goal of growing our company nationwide and achieving 5,000 units on monthly reoccurring lease payments into our revenue stream by the end of 2017.
Thank you for you continued support. Remember Every Shareholder of BDIC Contributes to Keeping the Roads safe for Sober Motorists.
Sincerely,
Laurence Wainer
CEO
FORWARD-LOOKING DISCLAIMER
This report may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of mentioned company to be materially different from the statements made herein.