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Morningstar Upgrades BDIC; Blow & Drive Receives 4 Star Quantitative Rating(March 20, 2017)
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 BDICs 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 www.otcmarkets.com/stock/BDIC/quote, providing investors with Morningstar's estimates of the stock's fair market value. ?The quantitative ranking by Morningstar is in line with managements 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.
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.
Safe Harbor Statement
This news release contains statements that involve expectations, plans or intentions (such as those relating to future business or financial results, new features or services, or management strategies) and other factors discussed from time to time in the Company's Securities and Exchange Commission filings. These statements are forward-looking and are subject to risks and uncertainties, so actual results may vary materially. You can identify these forward-looking statements by words such as "may," "should," "expect," "anticipate," "believe," "estimate," "intend," "plan" and other similar expressions. Our actual results, such as the Company's ability to finance, complete and consolidate acquisition of IP, assets and operating companies, could differ materially from those anticipated in these forward-looking statements as a result of certain factors not within the control of the company such as a result of various factors, including future economic, competitive, regulatory, and market conditions. The company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
CONTACT: Contact information:Abraham SummersOffice of the Chief Financial Officer5503 Cahuenga Blvd., #203 Los Angeles, CA 91601www.blowanddrive.com877 238-4492
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