Blow and Drive Interlock Corporation Announces Production of an Additional One Thousand BDI 747's to Meet High Demand
Blow and Drive Interlock Corporation's (OTCQB: BDIC) announces that it has begun its second run on manufacturing for its new state of the art BDI -- 747 ignition interlock device (IID). This second run of manufacturing will consist of one thousand (1,000) new BDI 747 IID's. The BDI-747 is the most advanced and user-friendly IID currently on the market in the United States and has already been approved by the National Highway Traffic Safety Administration as well as multiple State agencies.
The first run of manufacturing sold out quicker than expected due to high demand. "Customer's are quickly realizing that Blow & Drive Interlock's product is superior," said Laurence Wainer, CEO of Blow & Drive Interlock. "Every one of the company's first run of units is now on the road with paying clients, with an average contract length of twelve (12) months per client, earning us significant streams of reoccurring revenues."
The first batch of the new one thousand (1,000) BDI-747 have just been delivered to BDIC headquarters and are ready for installation in new client vehicles. The company is forecasting that these new IID units have the potential to generate approximately $1.2 million in gross revenue annually. "Much of this revenue will go straight to the company's bottom line", said Wainer. "The company is already invested in establishing the infrastructure needed to build these units and put them on the road. We are now aggressively executing on our business model."
Blow & Drive Interlock is also currently in advanced discussions with qualified parties to extend the company financing that will allow the company to scale up faster to meet the current market demand. "We are in the final stages of negotiations", said Wainer. "We are examining a couple of different financing options that are currently being extended to the company and we are determining which option will be the most appropriate."
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