UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 10, 2016
BLOW & DRIVE INTERLOCK CORPORATION
(Exact name of registrant as specified in its charter)
Delaware |
000-55053 |
46-3590850 | ||
(State
or other jurisdiction |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
137 South Robertson Boulevard, Suite 129
Beverly Hills, CA 90211
(Address of principal executive offices) (zip code)
(818) 299-0653
(Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01 Regulation FD Disclosure.
On June 10, 2016, we issued a press release announcing we received approval from the State of New York Division of Criminal Justice Services to be one of the State’s approved providers of ignition interlock devices. A copy of the press release is furnished with this Current Report as Exhibit 99.1.
The information in this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to liability under such section, nor shall it be deemed incorporated by reference in any of our filings under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing.
Section 9 – Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits
(c) | Exhibits |
99.1 | Press release dated June 10, 2016 issued by Blow & Drive Interlock Corporation, announcing approval from the State of New York Division of Criminal Justice Services to be one of the State’s approved providers of ignition interlock devices. |
2 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: June 29, 2016 | Blow & Drive Interlock Corporation | |
a Delaware corporation | ||
By: | /s/ Laurence Wainer | |
Laurence Wainer | ||
Its: | Chief Executive Officer and Chief Financial Officer |
3 |
NY State Division of Criminal Justice Services Awards BDIC 3-Year Contract
BEVERLY HILLS, CA—(Marketwired - Jun 10, 2016) - Blow and Drive Interlock Corporation’s (OTCQB: BDIC) is proud to announce that the Company has been Awarded a 3-year contract by the New York State Division of Criminal Justice Services to provide Ignition Interlock Devices throughout New York State.
On June 9th 2016 BDIC received formal written notice that our RFP (Request for Proposal) for a minimum three-year service agreement with New York State’s Division of Criminal Justice Services, has been accepted and approved.
New York State passed what is commonly referred to as “Leandra’s Law” and amongst its key provisions, is a requirement that offenders convicted of relevant crimes install and maintain a functioning ignition interlock device in any motor vehicle owned or operated by such person for up to five years.
“I am just thrilled that on the same day that we entered into an MoU with Chase Financial for up to $5,000,000 in equipment financing we also received a formal letter from the N.Y.D.C.J.S awarding Blow & Drive Interlock a three-year minimum service agreement and I am confident that with our state of the art wireless device and the most advanced reporting software we will exceed New York State’s expectations for quality control,” said Laurence Wainer, CEO of Blow & Drive Interlock Corp. ”This represents, a market potential of approximately $5.9 million on an annual basis to our company and adding a bid state like New York to our growing territory will open up other potential bid markets like Florida & Minnesota,” added Mr. Wainer.
Blow & Drive Corp’s BDI-747 is the only wireless Alcohol Ignition Interlock currently available and as far as we know, the only ignition interlock company to offer our customers a FREE mail in calibration program where permitted by state law.
BDIC is the only Public Company in the industry and with service centers in California, Oregon, Kentucky, Texas, Arizona, Tennessee and Kansas we believe we are well on our way to becoming a nationwide manufacturer and provider of alcohol detection equipment and increasing our presence in all facets of home and auto based criminal release monitoring programs. We are laser focused on increasing market penetration and building a nationwide criminal offender monitoring company for Offenders of all types, including parolees on house arrest. Research companies such as Forbes and Bloomberg, are estimating the Breath Alcohol Detection market alone will reach anywhere from $1.1 Billion to $3.2 Billion a year by 2018-20.
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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Contact:
Blow & Drive Interlock
www.blowanddrive.com
877-238-4492