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/
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.
In the interest of full disclosure, we call the reader’s attention to the fact that Equities.com, 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. Equities.com 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 Equities.com 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.
Read Next
