George Risk Industries, Inc. (OTCPK:RSKI.A) entered into an asset purchase agreement to acquire Labor Saving Devices, Inc. from Roy Bowling for $3.19 million.
October 12, 2017
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George Risk Industries, Inc. (OTCPK:RSKI.A) entered into an asset purchase agreement to acquire Labor Saving Devices, Inc. from Roy Bowling for $3.19 million on October 10, 2017. The consideration will be paid $1 million in cash at the time of closing, $2 million in cash will be paid, and 0.02 million shares of Class A common stock will be issued, following delivery of certain of the purchased assets.
George Risk Industries, Inc. (OTCPK:RSKI.A) completed the acquisition of Labor Saving Devices, Inc. from Roy Bowling on October 10, 2017.
George Risk Industries, Inc. is a manufacturer of electronic components. The Company is engaged in the designing, manufacturing, and sale of custom computer keyboards, proximity switches, security alarm components and systems, pool access alarms, EZ Duct wire covers, water sensors, electronic switching devices, high security switches and wire and cable installation tools. Its segments include security alarm products, cable & wiring tools and other products. It also designs and manufactures a range of professional specialty tools for wire and cable installation, which include installation, staging, vision and testing tools; drilling and cutting tools; specialty wire running, pushing and pulling systems; FiberFuse Wire Running Rods & Kits, and spanning and retrieval tools. Its security products are used in alarm system installations in the residential, commercial, industrial, and government sectors. Its specialty services include private labeling and custom manufacturing services.
George Risk Industries, Inc. (OTCPK: RSKI.A) entered into an asset purchase agreement to acquire Labor Saving Devices, Inc. from Roy Bowling for $3.19 million.
GEORGE RISK INDUSTRIES, INC. 
