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BDIC Q2 Revenues Up 146% Company Posts 4 Straight Quarters of Increasing Sales Growth

/ -- LOS ANGELES, CA -- (Marketwired) -- 08/23/16 -- Blow and Drive Interlock Corporation (OTCQB: BDIC), an offender home monitoring and police-grade alcohol detection device manufacturing and distribution company, releases End of Second Quarter Shareholder Letter:

Dear Valued Shareholders,

BDIC has just filed its fourth quarterly report (10Q) as a revenue generating company. As the company has done in the past, we want to take an opportunity to update our shareholders on our recent developments, opportunities, and outlook for the remainder of 2016.

The overall financial outlook for our company is increasingly optimistic. BDIC experienced its fourth straight quarter of revenue growth. Since the company has begun trading publicly, there has not been a single quarter where sales have declined. Our gross revenue last quarter was $96,000; an increase of 146% in revenue from the previous quarter and our cost of revenue to achieve this growth last quarter was only $11,000 against $7,000 last quarter. In addition the value of our machine assets increased from $48,000 to over $187,000 since last quarter. As we have said in the past, this is consistent with our expectations. BDIC business is currently primed and we are actively scaling the business and these quarterly financials reflect a business with compounding and scaling growth. We are anticipating that, moving forward into future quarters, we should be able to increasingly continue growing our revenues.

Over this last quarter we leased new machines to paying clients as quickly as we were able to produce new inventory. We currently have over 500 machines leased with paying clients and we are on track to meet or exceed our previously stated goal of deploying over 1,100 units by the year's end. As of today, we have an additional 100 machines being assembled and scheduled for arrival at our Los Angeles facility within ten days. It is our expectation to have these machines deployed within weeks of arrival.

Over this past quarter BDIC attended and presented at ignition interlock vendor conferences sponsored by the states of New York, Pennsylvania, Kentucky, and Tennessee. We met and presented to a spectrum of state and municipal civil leaders involved in each states interlock program. We had a healthy dialogue with key civil servants (including probation, parole officers, district attorneys, and judges) and we are looking forward to being a part of a process that includes actively assisting them in developing and improving the efficacy of the interlock programs in each jurisdiction. As interested shareholders know, the legislation and interlock programs are generally expanding on a state-by-state basis. The exact specifications and dynamics of every interlock program vary to reflect each jurisdictions own goals and priorities. We are excited to be part of the process and contributing to the public policy dialogues that ensure the interlock programs in each jurisdiction minimize drunk driving and positively contribute to the rehabilitation of offenders and increasing safe driving behaviors.

I would also like to take a moment to recognize my formal involvement as the new Chief Financial Officer for the company. I am very proud to be involved with such an exciting company that both has phenomenal revenue potential and is also literally saving lives as a part of its corporate mission. I will be taking the Chief Financial Officer obligations off of the shoulders of Laurence Wainer, who has been guiding the company until now as both the CEO and CFO. As the company continues to grow exponentially, and BDIC actively pursues its nationwide expansion goals, Mr Wainer's time is increasingly needed on this nationwide expansion. I am thrilled to be working alongside this visionary entrepreneur as a team working in tandem to achieve its objective.

I would like to thank BDIC's management for involving me at this exciting juncture as the company begins to actively scale. I am very much looking forward to now being part of the executive team as we create value for our shareholders. I believe that this upcoming year will be an exciting one for shareholders as we continue to realize significant growth and achieve some very substantial accomplishments. The industry leaders are for the most part approved in all 50 states and each has an estimated 50,000 - 70,000 BAIID's paying offenders each and every day in the United States. We will continue to pursue new state approvals as we work to grow BDIC's national ignition interlock market share to a similar level. As CFO, I am looking forward to working as a part of BDIC's management team to continue creating a sustainable business that consistently increases shareholder value as we move through the phases of our plan for national expansion.

We will continue to keep our shareholders well informed on our progress in all areas of the Company's business throughout the year.

On behalf of the Company, I truly appreciate your continued support and remember each and every shareholder can take a small amount of credit for already preventing over 1,000 alcohol related starts. You never know whose life you might have saved!

Abraham Summers
Chief Financial Officer
Blow & Drive Interlock Corp.

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.

Blow & Drive Interlock