Business
Blow & Drive Interlock Corp Is Pleased to Announce Sales Have Already Topped $100,000 Including $10,000 per Month in a Reoccurring Revenue Stream
Blow & Drive Interlock Corp Is Pleased to Announce Sales Have Already Topped $100,000 Including $10,000 per Month in a Reoccurring Revenue Stream.
About this update from Leet Inc.
[{"type":"text","content":"\n \n \n Blow & Drive Interlock Corp Is Pleased to Announce Sales Have Already Topped $100,000 Including $10,000 per Month in a Reoccurring Revenue Stream\n \n \nBlow & Drive Interlock Corp Is Pleased to Announce Sales Have Already Topped $100,000 Including $10,000 per Month in a Reoccurring Revenue Stream\n \n BEVERLY HILLS, CA--(Marketwired - Apr 18, 2016) - Blow & Drive Interlock Corp (OTCQB: BDIC), a criminal offender monitoring tracking device company, banks almost $100,000 in credit card sales and reaches almost $10,000/month in recurring billing in last 6 months of operations.\n Dear Valued Shareholders:\n Now that the filing of our year end 2015 annual report is complete, reflecting that the company generated its first revenues and recurring billing, I feel it is important to offer clarification on some of our sales numbers and disclosures in our annual filing as well as provide insight into our strategy for the remainder of 2016. \n As we have previously communicated, 2015 was mostly dedicated to attaining our federal and state certifications of the Company's BDI-747/1. We spent over 6 months in the NHSTA approved laboratory and spent in excess of $100,000. In June 2015, we passed all the required testing and received our federal certification. In addition, we had legal fees in excess of $50,000 to position the company to legally sell franchises and distributorships. We believe that this ends 2 years of research and development expenses well in excess of $200,000 in 2015 that were a drain on our resources and a large portion of our expenses, furthermore it was not until late September that we were approved by the State of California to begin operations that would allow us to generate our first revenues. \n In fact, up until December 31, 2015 most of our sales were confined to just 2 states CA and OR. Since that time the company has attained approvals in 8 states and we are in full operations in 5 states (CA, OR, KY, TN and AZ). In addition, we have sold 2 distributorships in Texas and have a physical presence in Lubbock and Houston. \n Now BDIC is well-positioned to significantly reduce our expenses, well positioned to increase territories by attaining additional state approvals across the country and to capitalize on the expanding state sanctioned opportunities for our product within the criminal offender m...