Business
2,700 Total Units Delivered & Deployed -- 1,000 New Units under Production + Company Update from the CEO
2,700 Total Units Delivered & Deployed -- 1,000 New Units under Production + Company Update from the CEO.
About this update from Leet Inc.
[{"type":"text","content":"\n \n \n 2,700 Total Units Delivered & Deployed -- 1,000 New Units under Production + Company Update from the CEO\n \n \n2,700 Total Units Delivered & Deployed -- 1,000 New Units under Production + Company Update from the CEO\n \n LOS ANGELES, CA--(Marketwired - Mar 8, 2017) - Blow and Drive Interlock Corporation (OTCQB: BDIC), an offender monitoring and police-grade alcohol detection device manufacturing and distribution company, releases Shareholder Letter from CEO: \n Dear Shareholders,\n I am pleased to announce on behalf of Blow and Drive Interlock Corp (BDIC), that 600 BDI-747 Interlocks have recently arrived at headquarters and promptly were leased and deployed within 48 hours. With the majority of the company's 2,700 units having been deployed over the last ninety days, the company is only now starting to reap the rewards of increased monthly re-occurring revenue & cash flow. \n This marks the completion of BDIC's recent production run of 2700 BDI-747 ignition interlocks. The immediate turnaround from delivery to deployment; reflects the company's ongoing stance that demand for the BDI-747 is extremely high and outpaces current production time. Once again Shareholders, we are materially sold out of equipment.\n Therefore, BDIC has begun to procure parts for the manufacturing of an additional 1,000 BDI-747 interlocks. We anticipate that these 1,000 units will be manufactured and ready for deployment from our Los Angeles headquarters sometime in the early part of the second fiscal quarter of 2017.\n \n \n No additional debt was taken to fund this new 1,000-unit production run.\n \nUpon completion, BDIC will have produced and deployed almost 4,000 units.\n \nBDIC is close to achieving previous forecast of 5,000 units fully monetized and on re-occurring revenue by the end of 2017.\n \nBDIC envisions surpassing expectations by undertaking various initiatives to increase our infrastructure & brand awareness in the 11 states in which we are currently approved. \n \n \n As interested shareholders are aware I recently green-lighted the company's legal counsel to exchange my common stock for preferred stock. However our agreement with the Doheny Group required their approval, which they denied. \n Therefore, I have taken the following steps as the next best immediate alternative. \n 1. I have entered into a lock-up...