World News: 19:10 GMT Monday 20th March 2017. [Blow & Drive Interlock Corp. via Globe Newswire via SPi World News]
LOS ANGELES, March 20, 2017 (GLOBE NEWSWIRE) -- Blow & Drive Interlock, Corp (OTCQB:BDIC) is pleased to announce that Morningstar Research, a leading provider of independent investment research, has upgraded BDIC’s common shares to four 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 , providing investors with Morningstar's estimates of the stock's fair market value. “The quantitative ranking by Morningstar is in line with management’s ongoing stance that the public markets have been undervaluing our common shares,” said Abraham Summers, Chief Financial Officer for BDIC. “I am confident that our company, on fundamentals, with our increasing monthly reoccurring revenues, backed now by thousands of our BDI 747 machines, will continue to deliver impressive performance to our investors. I can also confirm that the company has materially completed the process of sourcing components for the recently announced additional 1,000 BDI 747 machines we are producing. It is still our expectation to have them manufactured and ready for deployment from our Los Angeles headquarters sometime in this next fiscal quarter.”
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.
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Globe Newswire: 19:10 GMT Monday 20th March 2017
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