George Risk Industries, Inc. Second Quarter Results

Business Wire, Dec 19, 2007

KIMBALL, Neb. -- GEORGE RISK INDUSTRIES, INC. (OTCBB: RISKA), a leading manufacturer of products in the security industry, announced that net sales for the quarter ended October 31, 2007, were $3,007,000, a 17.2% decrease from the corresponding quarter last year. Year-to-date net sales were $6,246,000 at October 31, 2007, an 11.37% decrease from the same period last year. Net income for the quarter ended October 31, 2007, was at $755,000, a 9.7% decrease from the corresponding quarter last year, which showed net income of $836,000. Net income for the six months ended October 31, 2007 was $1,578,000, a $14.3% increase from the same period last year, which showed net income of $1,380,000. Earnings per common share for the quarter ended October 31, 2007 were $0.14 per share and $0.30 per share for the year-to-date numbers. EPS for the quarter and six months ended October 31, 2007, were $0.16 per share and $0.26 per share respectively.

George Risk Industries, Inc., is tied to the housing industry and that industry has not performed well over the last several months. Consequently, sales have decreased, but net income for year-to-date comparisons has increased. Management runs a tight ship with labor and manufacturing expenses and fluctuation does occur in proportion to how sales vary.

A newly developed closed loop glass break sensor (pt# GB-550) has seen strong sales since the first week of November 2007. This is due to feedback from our distributors that our competitor's overseas manufactured product is indefinitely unavailable. Our Current Controller, the CC-01, which automatically turns on door or cabinet lights when the door is opened, has been redesigned to handle more amperage and recently received UL approval. This change is due in response to customer input for ballast lighting installations.

Research and development continues on the Pump Guard, a water valve controller, and wireless sensors. Specific research and development is being conducted for the wireless sensor market in Iceland.

George Risk Industries, Inc. is engaged in the design, manufacture and sale of custom computer key boards, push button switches, burglar alarm components, pool alarms, thermostats, E-Z Duct wire cover, and hydro sensors. For more information, CONTACT KEN RISK AT 800-445-5218.