SOURCE: George Risk Industries, Inc.
KIMBALL, NE--(Marketwire - Sep 18, 2012) - George Risk Industries, Inc., (OTCBB: RSKIA), a leading manufacturer of products in the security industry, presented net sales for the quarter ended July 31, 2012 to be $2,542,000. Net sales for the quarter ended July 31, 2011 were $2,598,000. Net income for the quarter ended July 31, 2012 was at $436,000, while net income for the corresponding quarter last year was $792,000. Earnings per share for the quarter ended July 31, 2012 were $0.09 per common share and $0.16 per common per common share for the quarter ended July 31, 2011.
The Garage Door Monitor (DM?1) is now on the market and sales are good with repeat customers. This product monitors when a garage door has been left open and will automatically shut the door by a timed delay after the door has been opened or closing at a set time every day. Many home burglars gain access through a garage door that is left opened or unlocked.
Engineering completed a plastic housing for our MF-875 flat magnet and new rare earth flat magnet -- the MMF875. Also near completion is a design on an 110V Current Controller that complements with our contact switches to secure the door of a storage unit. This switch can also turn on the light when the door is opened. Several security companies from around the world have told us fuel theft is a major problem. They need a product that will tie into the security systems if tanks or vehicles are tampered with. Subsequently, a fuel level monitor is now in the engineering state. Other products in process include a vent airflow sensor that will send a signal if an air conditioner breaks, loses power or freezes up in a server room or anywhere temperatures need monitoring. Work continues on a wireless pool alarm and a triple biased high security switch.
At George Risk Industries, Inc. latest Board of Directors meeting, a dividend of $0.28 per common share was declared. This dividend will be paid to stockholders of record as of September 30, 2012, and payable by October 31, 2012.
George Risk Industries, Inc. is engaged in the design, manufacture and sales to distributors and OEM manufacturers of custom computer keyboards, push button switches, burglar alarm components, pool alarms, thermostats, E-Z Duct wire cover, and hydro sensors. The company has representation in the United States, Canada, Asia and EMEA.