KIMBALL, NE / CRWEPRESSRELEASE / August 27, 2015 /George Risk Industries, Inc. (OTCMKTS:RSKIA), a diversified and leading manufacturer of products in the security industry, completed its fiscal year ending April 30, 2015 with a net profit of 26.48% of net sales. Net sales were $11,903,000, up 7.96% over the previous year. Additionally, net income for the fiscal year ended April 30, 2015 was $3,152,000, which is up slightly (1%) from the prior year. Earnings per common share at April 30, 2015 were $0.63 per share. EPS for the year ended April 30, 2014 were $0.62 per share.
Management expects sales to climb steadily for the fiscal year ending April 30, 2016. Our noted customer service as well as research and development of new products remain top priorities as we continue to sell, manufacture and expedite our quality American made products. The company expects to see continued growth in designing and building custom products which can be made to the customer specifications.
Wireless technology is essential for the company’s product line and growth. A wireless contact switch is currently in development. Wireless versions of our pool alarms and environmental sensors that easily install in existing and new construction are on the drawing board. Heavy concentration is being directed on making products compatible with Wi-Fi, smartphone technology and Z-Wave standard for wireless home automation. A new face plate is near completion for our pool alarms that has a slimmer design and allows the homeowner to change the plate to match their décor. Research is still generating toward fuel level sensing and how that may penetrate agricultural based needs. Worldwide, companies are seeking ways to secure fuel tanks and trucks. Our emphasis would be to safely monitor fuel levels and report tampering occurs. Work continues on the CC-15 Current Controller, which is a 15 AMP version that would automatically turn on a whole room of lights and a 220 version for international markets. We will also be able to add LED lighting to this new design.
About George Risk Industries, Inc.
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 wire cover, and hydro sensors. The company has representation in the United States, Canada, Asia, and EMEA (Europe, the Middle East and Africa).
The information in this release may contain forward-looking statements relating to anticipated or expected events, activities, trends or results. Forward-looking statements, can be identified by the use of forward looking terminology such as “believes,” “suggests,” “expects,” “may,” “goal,” “estimates,” “should,” “likelihood,” “plans,” “targets,” “intends,” “could,” or “anticipates,” or the negative thereof, or other variations thereon, or comparable terminology, or by discussions of strategy or objectives. Because forward-looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties. Forward-looking statements in this release include, without limitation, the Company’s expectations of continued expansion into oil and gas markets and of our terrestrial broadband networks, along with other performance results. These statements are made to provide the public with management’s current assessment of our business, and it should not be assumed that that the forward looking statements will prove to be correct. Security holders are cautioned that such forward-looking statements involve risks and uncertainties. The forward-looking statements contained in this release only as of the date hereof, and we expressly disclaim any obligation or undertaking to report any updates or revisions to any such statement to reflect any change in management’s expectations or any change in events, conditions or circumstances on which any such statement is based. Certain factors may cause results to differ materially from those anticipated by some of the statements made in this release.
SOURCE: George Risk Industries, Inc.