SOURCE: Blow and Drive Interlock Corporation

Blow and Drive Interlock Corporation

August 01, 2016 00:54 ET

BDIC Approved in PA; Increase in Sales of Ignition Interlock Devices Expected From New DUI Law! -- Financing Update

HARRISBURG, PA--(Marketwired - Aug 1, 2016) - Blow and Drive Interlock Corporation (OTCQB: BDIC) is proud to announce that CEO Laurence Wainer met with Eileen Lee, Director of Ignition Interlock quality assurance at the PA DUI Association on July 25, 2016. At the meeting it was determined by Ms. Lee and her staff that BDIC has been approved to begin installing interlocks in the state of Pennsylvania. This is perfect timing to take advantage of Pennsylvania's new ignition interlock law that is set to go into effect in August of 2017. Ms. Lee estimated the change in the law could make 8,000 to 12,000 additional drivers statewide eligible for the devices annually. Nearly 5,500 interlock devices were installed statewide in 2015.

In Pennsylvania, ignition interlock devices had been required ONLY for repeat DUI offenders. Now under a new law, recently signed by the Governor Wolf, ALL first-time offenders in addition to repeat offenders will be required to have an interlock system for 12-months, also with the new legislation, once the device is installed driving privileges will be restored during what would otherwise be a one-year license suspension; allowing offenders to keep a job and meet other responsibilities.

In response to the positive news, BDIC has begun to find and train at least 8 service centers across PA. "Statewide Coverage and easy access to service centers for our Pennsylvania clients is our goal," said CEO Laurence Wainer. In less than one year BDIC has attained approvals in California, Oregon, Colorado, Kentucky, Oklahoma, Tennessee, Arizona, New York, Texas, Kansas and Pennsylvania. The company has over 500 devices in service and has prevented over 1,000 illegal alcohol starts. "Anytime our BDI-747 Interlock doesn't allow someone intoxicated to start their vehicle, that's a potential life saved." added Mr. Wainer.

In other news, Laurence Wainer, CEO of Blow & Drive Interlock Corporation stated the following; "The Company's press release issued June 10, 2016 stated that the Company had entered into a Memorandum of Understanding with Chase Financial for up to $5,000,000 in equipment financing. Upon further review this statement was incorrect the company's name is actually Chase Financing. While the Company has been is serious discussions with Chase Financing regarding potentially funding the Company and the Company believed it had a non-binding understanding with Chase Financing regarding providing funds to the Company for the purchase of equipment, the resulting discussions were for less money and, in the end, the Company has elected not to pursue a funding opportunity with Chase Financing." Mr. Wainer added "Although I am extremely disappointed with the break down in financing negotiations I am confident that in the near future we will secure the funding we need to grow into a nationwide company."

For more information on Blow & Drive Interlock's distributor opportunity program, please visit www.blowanddrive.com or call 877-238-4492.

FORWARD-LOOKING DISCLAIMER
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.

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