Actionable insights straight to your inbox

Equities logo

BDIC-O/S Common Stock Exchange-CEO Laurence Wainer Commits to Exchange Common Stock for Non-Trading Preferred Stock

Blow & Drive Interlock Corp. ( BDIC) announced to its shareholders and the investment community that the company's attorney was given approval to begin filings to create a preferred share class of stock.

Blow & Drive Interlock Corp.
is pleased to announce to its shareholders and the investment
community that last week the company’s attorney was given approval to begin
filings to create a preferred share class of stock. CEO Laurence Wainer,
has committed to exchanging between 3M to 9M of his Common Stock holdings in
the company in exchange for Non-Trading Preferred Shares. This exchange of
shares owned by the company’s majority shareholder in exchange for non-trading
preferred shares will lower the number of outstanding common shares &
emphasizes the company’s the long-term commitment to its shareholders.

The company’s public float with the DTC is just over 5M shares.

The company cannot give the exact date that this share exchange
will take effect; however, the company is working diligently to get this
process completed as soon as possible and does not expect that it will take
very long. An announcement will be made verifying completion of the stock
transfer once all has been finalized.


Blow & Drive Interlock Corp (BDIC) based in Los Angeles,
California, a publicly traded company that manufactures, distributes and its’
Ignition Interlock Device Model# BDI-747 across the United States.

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.

In the interest of full disclosure, we call the reader’s attention to the fact that, Inc. is compensated by the companies profiled in the Spotlight Companies section. The purpose of these profiles is to provide awareness of these companies to investors in the micro, small-cap and growth equity community and should not in any way be considered as a recommendation to buy, sell or hold these securities. is not a registered broker dealer, investment advisor, financial analyst, investment banker or other investment professional. We are a publisher of original and third party news and information. All profiles are based on information that is available to the public. The information contained herein should not be considered to be complete and is not guaranteed by to be free from misstatement or errors. The views expressed are our own and not intended to be the basis for any investment decision. Readers are reminded to do their own due diligence when researching any companies mentioned on this website. Always bear in mind that investing in early-stage companies is risky and you are encouraged to only invest an amount that you can afford to lose completely without any change in your lifestyle. Equities has been compensated with cash, common shares and/or warrants for market awareness services provided.

The astronomer Carl Sagan said, “It was easy to predict mass car ownership but hard to predict Walmart.”