Drunk-Driving Interlock Sales May Jump Fivefold to as much as $1.1 billion a year, according to data compiled by Bloomberg.
LOS ANGELES CA (PRWEB) August 21, 2015
Blow & Drive Interlock Corporation (OTCQB:BDIC) announced today that it has begun to generate revenue from the leasing, installation and monitoring of DUI/DWI offenders, as part of their DMV or Court-mandated requirements. With the recent launching of 13 service center locations across California and Oregon, Blow and Drive Interlock has begun to generate recurring monthly revenue for the monitoring and reporting of driver data to state judicial authorities.
"Our initial goals from inception to revenue generation have been accomplished" said the CEO, Laurence Wainer, "We built the prototype, spent 7 painstaking months completing the NHTSA certification in an ISO lab and we are now certified and operating in two states. Our staff is actively installing our BDI-747 Ignition Interlock on a regular basis and we are finally in the business of saving lives by "Eliminating Drinking from Driving".
The BDI-747 device is currently approved in California, Oregon and Colorado. As of August 18, 2015, the Company has established 7 service centers in California and 6 in Oregon. The Company has an additional 10 state approvals currently pending and we are expecting additional approvals imminently. Mr. Wainer, also added "I am so proud of everything our staff has accomplished during these last two years and it is nice to finally see all our hard work begin to pay off. Now we just have to continue to execute on our expansion plans, build up our state-approved service infrastructure, and we believe we can capture our share of this $300,000,000 industry.
About half the states in America have first time mandatory Ignition Interlock laws and with pending federal legislation called "Alisa's Law" this industry is well positioned for growth. According to data compiled by Bloomberg, Drunk-Driving Interlock Sales may Jump five-fold to as much as $1.1 billion a year, if the pending federal legislation passes into law.
Blow & Drive Interlock Corp (BDIC) based in Los Angeles, California, is a publicly traded company that plans to manufacture, distribute and franchise 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 may be 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 according to 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.
This report may contain certain forward-looking statements and information. 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.