U.S. SECURITIES AND EXCHANGE COMMISSION
                      Washington, DC 20549

                           Form 10-KSB


[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934
         For the fiscal year ended  April 30, 2005
                                    ______________

[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934
         For the transition period from ______ to _______

Commission File Number: 0-5378
                        ______

                  George Risk Industries, Inc.
                  ____________________________

        (Name of small business issuer in its charter)
            Colorado                        84-0524756
            ________                        __________
 (State or other jurisdiction of     (I.R.S. Employer Identification
   incorporation or organization)               No.)

         802 South Elm
          Kimball, NE                         69145
          ___________                         _____
(Address of principal executive             (Zip Code)
            offices)

Issuer's telephone number (308) 235-4645
                           _____________

Securities registered pursuant to Section 12(b) of the Act:

   Title of Each Class      Name of Exchange on Which Registered

          None                         None
          ____                         ____


Securities registered under Section 12(g) of the Act:
         Class A Common Stock, $.10 par value
        _____________________________________
                  (Title of class)

  Check  whether  the  issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of  the Securities Exchange Act during the preceding 12
months(or for such shorter period that the registrant  was required to file
such reports) and (2) has been subject to  such filing requirements for the
past 90 days.

Yes [X]    No [ ]

  Check if disclosure of  delinquent  filers  in  response  to  Item 405 of
Regulation S-B is  not contained in this  form, and  no disclosure will  be
contained, to the best of the Registrant's  knowledge, in definitive  proxy
or information statements incorporated   by reference  in  Part III of this
Form 10-KSB or any  amendment  to this Form 10-KSB. [X]

  State issuer's  revenues  for  the  most recent fiscal year. $ 13,113,000.
                                                                __________

  The  aggregate  market  value of  the  voting stock held by non-affiliates
of the Registrant as of August 9, 2005 was approximately $13,458,000 based upon
the  last  reported  sale,  which occurred on August 8, 2005. For purposes  of
this disclosure, Common Stock held by officers and directors of the Registrant
have been excluded  in  that  such  persons may be deemed to be "affiliates"
as that term is defined under the  rules and  regulations  promulgated under
the Securities Act of 1933. This determination is not necessarily conclusive.

The  number of shares of the Registrant's Common Stock outstanding as of
August 9, 2005 was 5,387,253.


                   DOCUMENTS INCORPORATED BY REFERENCE
  None.

Transitional Small Business Disclosure Format (Check one)
  Yes X;  No ___

<page>

Part I


Item 1	BUSINESS
(a)	BUSINESS DEVELOPMENT

George Risk Industries, Inc. (GRI or the company) was incorporated in 1967 in
Colorado. The company is presently engaged in the design, manufacture, and
sale of computer keyboards, push button switches, burglar alarm components and
systems,pool alarms,thermostats, EZ Duct wire covers and water sensors.

GRI Telemark Corporation (Telemark), a majority owned subsidiary, was
incorporated in October 1983 for the purpose of marketing security alarm
products.  As of April 13, 1993, Telemark was merged into GRI and presently
operates as a marketing division of GRI.

PRODUCTS, MARKET AND DISTRIBUTION

The company designs, manufactures, and sells computer keyboards, push-button
switches,burglar alarm components and systems, pool alarms, and water sensors.
The security burglar alarm products comprise approximately 85 percent and pool
alarms comprise 9 percent of net revenues and are sold through distributors
and private board customers.

The security segment has approximately 4,000 customers.  One of the
distributors accounts for approximately 40 percent of the company's sales of
these products. Loss of this distributor would be significant to the company.
However, this customer has purchased from the company for many years and is
expected to continue.

The keyboard segment has approximately 760 customers.  Keyboard products are
sold to original equipment manufacturers to their specifications and to
distributors of off-the-shelf keyboards of proprietary design.

COMPETITION

The company has intense competition in the keyboard and burglar alarm lines.

The burglar alarm segment has five or six major competitors.  The company
competes well based on price, product design, quality, and prompt delivery.

The competitors in the keyboard segment are larger companies with automated
production facilities.  GRI has emphasized small custom order sales that many
of its competitors decline or discourage.

<page>

RESEARCH AND DEVELOPMENT

The company performs research and development for its customers when needed
and requested.  Costs in connection with such product development have been
borne by the customers.  Costs associated with the development of new products
are expensed as incurred.

EMPLOYEES

GRI has approximately 205 employees.


Item 2	PROPERTIES
The company owns the manufacturing and office facilities.  The manufacturing
facilities were expanded by 7,200 square feet six years ago.  Total square
footage of the plant in Kimball, Nebraska is approximately 42,500 sq. ft.
Additionally, the company leases 15,000 square feet for $1,535 per month with
Eileen Risk, mother of Ken R. Risk, who is an officer and director of the
company.

As of October 1, 1996, the company also began operating a satellite plant in
Gering, NE. This expansion was done in coordination with Twin Cities
Development.  The company leases approximately 3,600 square feet and
currently employs 48 employees at the Gering site.


Item 3	LEGAL PROCEEDINGS
None.


Item 4	SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
Not applicable.

<page>

Part II


Item 5	Market for the Registrant's Common Equity and Related Stockholders'
Matter

PRINCIPAL MARKET

The company's Class A Common Stock is currently quoted on the OTC Bulletin
Board by thirteen market makers.

STOCK PRICES AND DIVIDENDS INFORMATION
<TABLE>

<CAPTION>

2005 Fiscal Year           High                  Low

<S>                        <C>                   <C>
May 1-July 31              6.30                  5.01
August 1-October 31        6.30                  5.40
November 1-January 31      6.50                  5.75
February 1-April 30        6.25                  5.60


<CAPTION>

2004 Fiscal Year           High                  Low

<S>                        <C>                   <C>
May 1-July 31              3.45                  2.30
August 1-October 31        4.15                  2.90
November 1-January 31      7.20                  3.80
February 1-April 30        6.25                  5.35



</TABLE>

<page>

A dividend of $0.10 per common share was declared on September 30, 2004.
This is the first dividend that has ever been paid by the Company.  With
the practices and procedures that have been developed, we hope to be able
to continue paying dividends on an annual basis.

The number of holders of record of the company's Class A Common Stock as
of April 30, 2005, was approximately 1,465.


Item 6	Management's Discussion and Analysis of Financial Condition and
Results of Operations

GRI completed the fiscal year ending April 30, 2005,with a net profit of
19.2% net of sales.  Net sales were at $13,113,000, up 2.6% over the
previous year. Additionally, net income for the year ended April 30, 2005
was $2,515,000, up 4.3% from the prior year.

We expect sales to stay steady and hopefully increase for the fiscal year
ending April 30, 2006.  We have several new products that are ready and being
sold.  Also, we are hopeful that extra growth can be achieved by volume
increases with our present customers and with the addition of new customers.
We have an excellent marketing department that is always on the lookout for
new clients. We have had some problems with the ability to get product out
our doors on a timely basis, but we have taken steps to remedy this problem.
We have purchased a building in Gering, NE, our satellite location, in an
effort to be able to increase production.  We have also applied and have
gotten approval from the State of Nebraska to receive grant money. This grant
money is contingent on increasing the number of workers at our Gering
location over the next five years.

<page>

The material and labor costs stayed very consistent between this year and last
year. At fiscal year end 2005 the material and labor percentage was at 36.7%
of gross sales while the same percentage for fiscal year 2004 was at 37.1%.
We continue to buy smart and we are always looking for quality material at the
best possible price.  As far as labor goes, we only hire the number of
production workers that is needed to finish products in a timely matter and
we work very hard at keeping overtime expense down. With these good practices
embedded throughout, we expect to continue to achieve a gross profit margin of
about 50 percent for the coming year.

At April 30, 2005, working capital increased by 10.7% in comparison to the
previous fiscal year.  Liquidity has dropped slightly this year as the ratio
of cash, securities and accounts receivables to current obligations was 30.569
and 41.029 for the fiscal years ending April 30, 2005 and April 30, 2004,
respectively.  Current assets have increased as current liabilities have also
increased.  At April 30, 2005, the only long-term liability that we have on
the books is deferred income tax of $61,000.

As for new products, the sash magnet and single gang box for the E-Z Duct
Raceway products line are out of Tool and Die and are ready for production.
Mold work continues on the new, short Roller Ball. This will replace both the
DS-01 and RB-01 series of switches. Prototype boards have been ordered for the
new version of the Pool Alarm.  It will be submitted for ETL approval.  The
Normally Closed Glassbreak sample boards are on order. Also, the Normally
Closed relays for the T8800 are in house.  Production boards have also been
ordered for the High Security Switch to be submitted for UL approvals after
they are completed.  There continues to be favorable interest on the
Magnasphere technology switches.  Orders are increasing on a weekly basis as
the word gets out into the industry that we have them available.

Management is always open to the possibility of acquiring a business that
would complement our existing operations.  This would probably not require
any outside financing. The intent would be to utilize the equipment, marketing
techniques and established customers to increase sales and profits.

There are no known seasonal trends with any of GRI's products, since we mostly
sell to distributors and OEM manufacturers.  The products are tied to the
housing industry and will fluctuate with building trends.

<page>




Item 7	Financial Statements


                      Index to Financial Statements
                       George Risk Industries, Inc.


                                                        Page

Independent Auditor's Report .............................................. 9

Balance Sheet-April 30, 2005 .............................................  10

Statements of Income
	For the Years Ended April 30, 2005 and 2004 ....................... 11

Statements of Comprehensive Income
	For the Years Ended April 30, 2005 and 2004 ....................... 12

Statement of Changes in Stockholders' Equity
	For the Years Ended April 30, 2005 and 2004 ....................... 13

Statements of Cash Flows
	For the Years Ended April 30, 2005 and 2004 ....................... 14

Notes to Financial Statements ............................................. 15



<page>




Report of Independent Registered Public Accounting Firm



Board of Directors
George Risk Industries, Inc.
Kimball, Nebraska


We have audited the accompanying balance sheet of George Risk Industries, Inc.
as of April 30, 2005, and the related statements of income, comprehensive
income, stockholders'equity, and cash flows for the two years then ended.
These financial statements are the responsibility of the company's management.
Our responsibility is to express an opinion on these financial statements
based on our audit.

We conducted our audit in accordance with auditing standards of the Public
Company Accounting Oversight Board (United States).  Those standards require
that we plan and perform the audit to obtain reasonable assurance about whether
the financial statements are free of material misstatement.  An audit includes
examining, on a test basis, evidence supporting the amounts and disclosures in
the financial statements.  An audit also includes assessing the accounting
principles used and significant estimates made by management, as
well as evaluating the overall financial statement presentation. We believe
that our audit provides a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in
all material respects, the financial position of George Risk Industries, Inc.
as of April 30, 2005, and the results of their operations and their cash flows
for the two years then ended, in conformity with accounting principles
generally accepted in the United States of America.



/s/ Mason Russell West, LLC

Littleton, Colorado
July 15, 2005

<page>

<TABLE>


<CAPTION>
                   George Risk Industries, Inc.
                        Balance Sheet
                        April 30, 2004


                            Assets

<S>                                                   <C>
Current Assets:
 Cash and cash equivalents                           $ 5,451,000
 Marketable securities                                11,750,000
 Accounts receivable:
  Trade, net of allowance for doubtful
   accounts of $50,000                                 2,241,000
  Other                                                    2,000
 Inventories                                           2,054,000
 Prepaid expenses                                         57,000
 Deferred tax asset                                      164,000
                                                     ___________
   Total Current Assets                               21,719,000
                                                     ___________
Property and Equipment, net, at cost                     786,000
                                                     ___________
Other Assets
 Investment in Land Limited Partnership, at cost         200,000
 Projects in process                                      34,000
 Other                                                    12,000
                                                     ___________
   Total Other Assets                                    246,000
                                                     ___________


Total Assets                                         $22,751,000
                                                     ___________
                                                     ___________


<FN>
See accompanying notes to financial statements
</TABLE>

<page>



<TABLE>
<CAPTION>








             Liabilities and Stockholders' Equity

<S>                                                   <C>
Current Liabilities:
 Accounts payable-trade                               $  138,000
 Dividends payable                                        50,000
 Accrued expenses:
  Payroll and related expenses                           347,000
 Income tax payable                                      101,000
                                                      ___________
   Total Current Liabilities                             636,000

                                                      ___________

Long-term Liabilities:
Deferred tax liability                                     61,000
Commitments and Contingencies                                   -
                                                      ___________
   Total Long-Term Liabilities                             61,000

                                                      ___________

Stockholders' Equity
 Convertible preferred stock, 1,000,000 shares
  authorized, Series 1-noncumulative, $20
  stated value, 25,000 shares authorized, 4,100
  issued and outstanding                                   99,000
 Common stock, Class A, $.10 par value, 10,000,000
  shares authorized, 8,502,832 shares issued              850,000
 Additional paid-in capital                             1,736,000
 Accumulated other comprehensive income                  (881,000)
 Retained earnings                                     22,054,000
 Treasury stock, 3,109,379 shares, at cost             (1,804,000)
                                                      ___________
   Total Stockholders' Equity                          22,054,000
                                                      ___________

Total Liabilities and Stockholders' Equity            $22,751,000
                                                      ___________
                                                      ___________
</TABLE>


<page>







<TABLE>

<CAPTION>


                 George Risk Industries, Inc.
                     Statements of Income
       For the Years Ended April 30, 2005 and 2004


                                           2005           2004

<S>                                    <C>             <C>
Net Sales                              $13,113,000     $12,783,000
 Less cost of goods sold                 6,230,000       6,190,000

                                       ___________     ___________
Gross Profit                             6,883,000       6,593,000

Operating Expenses:
 Selling and shipping                    2,403,000       2,351,000
 General and administrative                719,000         693,000
 Engineering and research                   75,000          71,000
 Rent expense paid to
    related parties                         49,000          49,000
                                       ___________     ___________
       Total Operating Expenses          3,246,000       3,164,000
                                       ___________     ___________
Income From Operations                   3,637,000       3,429,000

Other Income (Expense):
 Other income                                2,000          79,000
 Dividend and interest income              357,000         348,000
 Gain/(loss) on sale of assets             (89,000)         40,000
                                       ___________     ___________
       Total Other Income                  270,000         467,000

Income  Before  Provision  for  Income
Taxes                                    3,907,000       3,896,000

Provision for Income Taxes:
 Current expense                         1,428,000       1,439,000
 Deferred tax (benefit) expense            (36,000)         46,000
                                       ___________     ___________
 Total Income Taxes Expense              1,392,000       1,485,000
                                       ___________     ___________
Net Income                             $ 2,515,000     $ 2,411,000
                                       ___________     ___________
                                       ___________     ___________

Income per Share of Common Stock       $      0.47     $      0.45
                                       ___________     ___________
                                       ___________     ___________
Weighted Average Number of Common
 Shares Outstanding                      5,399,982       5,402,528
                                       ___________     ___________
                                       ___________     ___________
<FN>
See accompanying notes to financial statements
</TABLE>


<page>



<TABLE>

<CAPTION>


                         George Risk Industries, Inc.
                      Statements of Comprehensive Income
                               April 30, 2005

                                       For the Years Ended April 30,
                                             2005          2004

<S>                                      <C>             <C>
Net Income                               $2,515,000     $ 2,411,000
                                         __________      __________

Other Comprehensive Income, Net of Tax
 Unrealized loss on securities:
  Unrealized holding gains (losses)
   arising during period                     30,000         484,000
   Reclassification adjustment for
   (gains) losses included in net income     88,000         (37,000)
   Income tax related to other
    comprehensive income                    (49,000)       (187,000)
                                         __________      __________

Other Comprehensive Income (Loss)            69,000         260,000
                                         __________      __________

Comprehensive Income                     $2,584,000      $2,671,000
                                         __________      __________
                                         __________      __________
<FN>
See accompanying notes to financial statements

</TABLE>



<page>






<TABLE>

<CAPTION>

                  George Risk Industries, Inc.
          Statement of Changes in Stockholders' Equity
           For the Years Ended April 30, 2005 and 2004


                                                  Common Stock
                         Preferred Stock            Class A

                         Shares     Amount      Shares      Amount
<S>                    <C>          <C>         <C>          <C>


Balances, April 30,
 2003                     5,350     $107,000    8,502,832    $850,000


Unrealized gain (loss)        -            -            -           -

Net Income                    -            -            -           -
                       ________     ________    _________    ________

Balances, April 30,
 2004                     5,350      107,000    8,502,832     850,000
                       ________     ________    _________    ________

Purchase of preferred
 stock                   (1,250)      (8,000)           -           -

Purchases of common
 stock                        -            -            -           -

Dividend declared at
 $0.10 per common
   share outstanding          -            -            -           -

Unrealized gain (loss)        -            -            -           -

Net Income                    -            -            -           -
                       ________     ________    _________    ________

Balances, April 30,
 2005                     4,100     $ 99,000    8,502,832    $850,000
                       ________     ________    _________    ________
                       ________     ________    _________    ________

<FN>
See accompanying notes to financial statements
</TABLE>


<page>




<TABLE>

<CAPTION>
                                  Accumulated
          Treasury Stock            Other
Paid-In  (Common Class A)        Comprehensive  Retained
Capital     Shares      Amount      Income       Earnings     Total
<C>         <C>         <C>          <C>         <C>          <C>


$1,736,000  3,100,304  $(1,763,000) $(1,395,000)  $17,668,000  $17,203,000


         -          -            -      484,000             -      484,000

         -          -            -            -     2,411,000    2,411,000
__________  _________  ___________  ___________   ___________  ___________


 1,736,000  3,100,304   (1,763,000)    (911,000)   20,079,000   20,098,000
__________  _________  ___________  ___________   ___________  ___________


         -          -            -            -             -       (8,000)


         -      9,075      (41,000)           -             -      (41,000)



         -          -            -            -      (540,000)    (540,000)

         -          -            -       30,000             -       30,000

         -          -            -            -     2,515,000    2,515,000
__________  _________  ___________  ___________   ___________  ___________


$1,736,000  3,109,379  $(1,804,000) $  (881,000)  $22,054,000  $22,054,000
__________  _________  ___________  ___________   ___________  ___________
__________  _________  ___________  ___________   ___________  ___________



</TABLE>




<page>







<TABLE>

<CAPTION>
                   George Risk Industries, Inc.
                      Statements of Cash Flows
              For the Years Ended April 30, 2005 and 2004


                                           2005          2004
<S>                                     <C>           <C>
Cash Flows from Operating Activities:
Net income                              $2,515,000    $2,411,000
Adjustments to reconcile net income
 to net cash provided by
    operating activities:
   Depreciation                            206,000       235,000
   (Gain) loss on sale of investments       88,000       (37,000)
   Economic development debt relieved            -       (75,000)
   Gain on sale of assets                        -        (3,000)
   Changes in assets and liabilities:
    (Increase) decrease in:
     Accounts receivable                  (506,000)     (181,000)
     Inventories                           326,000        50,000
     Prepaid expenses                      (12,000)       75,000
     Other receivables                       3,000        (3,000)
     Income tax overpayment                      -       (59,000)
     Deferred income taxes                 (36,000)       46,000
    Increase (decrease) in:
     Accounts payable                       46,000       (37,000)
     Accrued expenses                       34,000        28,000
     Income tax liability                  230,000             -
                                        __________    __________
    Net cash provided(used)by
     operating activities                2,894,000     2,450,000
                                        __________    __________

Cash Flows From Investing Activities:
 Proceeds from sale of assets                    -        12,000
 Other assets manufactured                  15,000        34,000
 Purchase of property and equipment       (158,000)     (191,000)
 Proceeds from sale of marketable
  securities                             4,290,000     1,003,000
 Purchase of marketable securities      (5,331,000)   (1,567,000)
 Purchase of preferred stock                (8,000)            -
  Purchase of treasury stock               (41,000)            -
                                        __________    __________
    Net cash provided(used) by
     investing activities               (1,233,000)     (709,000)
                                        __________    __________
Cash Flows From Financing Activities:
 Principal payments on long-term debt            -      (160,000)
 Dividends paid                           (490,000)            -
                                        __________    __________
   Net cash provided (used) by
    financing activities                  (490,000)     (160,000)
                                        __________    __________
Net Increase (Decrease) in Cash and
  Cash Equivalents                       1,171,000     1,581,000

Cash and Cash Equivalents, beginning
 of year                                 4,280,000     2,699,000
                                        __________    __________

Cash and Cash Equivalents, end of year  $5,451,000    $4,280,000
                                        __________    __________
                                        __________    __________



Supplemental Disclosure of Cash
      Flow Information:
 Cash payments for:
  Income taxes                          $1,384,000    $1,568,000
                                        __________    __________
                                        __________    __________


<FN>
See accompanying notes to financial statements
</TABLE>

<page>





GEORGE RISK INDUSTRIES, INC.
NOTES TO FINANCIAL STATEMENTS
APRIL 30, 2005

1.	NATURE of BUSINESS and SUMMARY of SIGNIFICANT ACCOUNTING POLICIES
Nature of Business-The company is engaged in the design, manufacture, and
marketing of computer keyboards, push-button switches, security alarm
components, pool alarms and hydro sensors.

At April 30, 1993, the financial statements of the company, George Risk
Industries, Inc. (GRI), and its majority-owned subsidiaries, GRI Telemark
Corp. (Telemark), and R&D Labs were consolidated.  Effective April 30, 1993,
the company acquired the entire minority interest in Telemark by issuing
22,160 shares of its Class A common stock and merged Telemark into GRI.
Telemark continues to operate as a marketing division of GRI.

Cash and Cash Equivalents-The company considers all investments purchased
with a maturity of three months or less to be cash equivalents.

Allowance for Doubtful Accounts-Accounts receivable are customer obligations
due under normal trade terms.  The company sells its products to security
alarm distributors, alarm installers, and original equipment manufacturers.
The company performs continuing credit evaluations of its customers' financial
condition and the company generally does not require collateral.

The company records an allowance for doubtful accounts based on an analysis of
specifically identified customer balances.  The company has a limited number
of customers with individually large amounts due at any given date.  Any
unanticipated change in any one of these customers'credit worthiness or other
matters affecting the collectibility of amounts due from such customers could
have a material effect on the results of operations in the period in which such
changes or events occur.  After all attempts to collect a receivable have
failed, the receivable is written off.  As of April 30, 2005 and 2004, the
company has recorded an allowance for doubtful accounts of $50,000 for the
years ended 2004 and 2003, respectively.  Bad debt expense was $8,000 and
$11,000 for April 30, 2005 and 2004, respectively.

Inventories-Inventories are stated at the lower of cost or market.  Cost is
determined using the average cost-pricing method.  The company uses standard
costs to price its manufactured inventories approximating average costs.

Property and Equipment-Property and equipment are recorded at cost.
Depreciation is calculated based on the following estimated useful lives
using the straight-line method:

<page>

<TABLE>
<CAPTION>

                                      Useful
        Classification                 Life         Cost
                                     in Years

        <S>                            <C>        <C>
        Dies, jigs, and molds          3-7        $  792,000
        Machinery and equipment        5-10        1,011,000
        Furniture and fixtures         5-10          129,000
        Leasehold improvements         5-32          170,000
        Buildings                       20           492,000
        Automotive and aircraft        3-5           329,000
        Software                       2-5           123,000
        Land                           N/A            13,000
                                                  __________
        Total                                      3,059,000
        Accumulated depreciation                  (2,273,000)
                                                  __________
        Net                                       $  786,000
                                                  __________
                                                  __________

</TABLE>


Depreciation expense of $206,000 and $235,000 were charged to operations for
the years ended April 30, 2005 and 2004, respectively.

Maintenance and repairs are charged to expense as incurred, and expenditures
for major improvements are capitalized.  When assets are retired or otherwise
disposed of, the property accounts are relieved of costs and accumulated
depreciation and any resulting gain or loss is credited or charged to
operations.

Advertising-Advertising costs are expensed as incurred and included in
selling expenses. Advertising expense amounted to $310,000 and $378,000 for
the years ended April 30, 2005 and 2004, respectively.

Income Taxes-The company has adopted the provisions of the SFAS No. 109,
"Accounting for Income Taxes."  SFAS No. 109 requires use of the liability
method, whereby current and deferred tax assets and liabilities are determined
based on tax rates and laws enacted as of the balance sheet date.  Deferred
tax expense represents the change in the deferred tax asset/liability balances.

<page>

The flow-through method of accounting for tax credits has been adopted by the
company. Such credits are reflected as a reduction of the provision for income
taxes in the year in which they become available.

Net Income Per Common Share-Net income per common share is based on the
weighted average number of common shares outstanding during each fiscal year.
The dilutive effect of convertible preferred stock is reflected in diluted
earnings per share by application of the if-converted method.  Under this
method, preferred dividends applicable to convertible preferred stock are
added to the numerator and convertible preferred stock is assumed to have
been converted at the beginning of the period.

Accounting Estimates-The preparation of these financial statements requires
the use of estimates and assumptions including the carrying value of assets.
The estimates and assumptions result in approximate rather than exact amounts.

Financial Instruments-Financial instruments consist of cash and cash
equivalents, accounts receivable and accounts payable.  The carrying values
of cash and cash equivalents, accounts receivable and accounts payable
approximate fair value due to their short-term nature.

Revenue Recognition-Revenue is recognized when risks and benefits in
ownership are transferred, which normally occurs at the time of shipment
of products.

Benefit Plan Disclosures-SFAS No. 132, Employer's Disclosures about Pension
and other Post Retirement Benefits ("SFAS No. 132"), requires certain
disclosures about employers' pension and other post retirement benefit plans
 and specifies the accounting and measurement or recognition of those plans.
SFAS No. 132 requires disclosure of information on changes in the benefit
obligations and fair values of the plan assets that facilitates financial
analysis.  Please see Note 4 for further disclosure in accordance with SFAS
No. 132.

Comprehensive Income-In the first quarter of fiscal 1999, the Company adopted
Statement of Financial Accounting Standards (SFAS) No. 130, "Reporting
Comprehensive Income".  SFAS 130 requires disclosure of total non-stockholder
changes in equity in interim periods and additional disclosures of the
components of non-stockholder changes in equity on an annual basis.  Total
non-stockholder changes in equity include all changes in equity during a
period except those resulting from fiscal investments by and distributions
to stockholders.

Segment Reporting and Related Information-The Company discloses the results of
its segments in accordance with SFAS No. 131, Disclosures About Segments of an
Enterprise and Related Information ("SFAS No. 131").  The Company designated
the internal organization that is used by management for allocating resources
and assessing performance as the source of the Company's reportable segments.
SFAS No. 131 also requires disclosures about products and services, geographic
area and major customers.  At April 30, 2005, the Company operated in three
segments organized by service line:  pool alarm products, keyboard products,
and security alarm and other products.  See Note 9 for further segment
information disclosures in accordance with SFAS No. 131.

<page>

Recently Issued Accounting Pronouncements-In November 2004, the FASB issued
SFAS No. 151, Inventory Costs - an Amendment of ARB No. 43, Chapter 4, which
amends the guidance in ARB No. 43 to clarity the accounting for abnormal
amounts of idle facility expense, freight, handling costs and wasted material.
SFAS No. 151 requires that these items be recognized as current period
charges.In addition, SFAS No. 151 requires the allocation of fixed production
overheads to inventory based on the normal capacity of the production
facilities. SFAS No. 151 is effective for inventory costs incurred during
fiscal years beginning after June 15, 2005.  The Company is currently
evaluating the provisions of SFAS No. 151 and expects to adopt the provisions
of SFAS No. 151 as of May 1, 2006.


In December 2004, the FASB issued SFAS No. 123R, Share-Based Payment. SFAS
123R revises SFAS No. 123, Accounting for Stock-Based Compensation, and
focuses on accounting for share-based payments for services by employer to
employee.  The statement requires companies to expense the fair value of
employee stock options and other equity-based compensation at the grant date.
The statement does not require a certain type of valuation model and either a
binomial or Black-Scholes model may be used.  The provisions of SFAS 123R are
effective for financial statements for annual or interim periods beginning
after June 15, 2005.  The Company does not currently have a stock option plan
in place. Therefore, adoption of SFAS 123R is not expected to have an impact
on the Company's operating results.

In December 2004, the FASB issued FASB Staff Position No. 109-1 ("FSP 109-1"),
Application of FASB Statement No. 109, "Accounting for Income Taxes"("SFAS No.
109") to the Tax Deduction on Qualified Production Activities Provided by the
American Jobs Creation Act of 2004, which provides guidance on the recently
enacted American Jobs Creation Act of 2004 (the "Act"). The Act provides a tax
deduction for income from qualified domestic production activities.  FSP 109-1
provides for the treatment of the deduction as a special deduction as described
in SFAS No. 109.  As such, the deduction will have no effect on existing
deferred tax assets and liabilities.  The impact of the deduction is to be
reported in the period in which the deduction is claimed on the Company's U.S.
tax return.  The Company does not expect that this deduction will have a
material impact on our effective tax rate in future years.  FSP 109-1 is
effective prospectively as of January 1, 2005.


2.	INVENTORIES
Inventories at April 30, 2005 consisted of the following:

<TABLE>
<CAPTION>


    <S>                                         <C>

    Raw materials                               $1,492,000
    Work in process                                452,000
    Finished goods                                 180,000
                                                __________
                                                 2,124,000
                                                __________

    Less allowance for obsolete inventory          (70,000)
                                                __________
    Totals                                      $2,054,000
                                                __________
                                                __________
</TABLE>




3.	Marketable Securities
The Company has investments in publicly traded equity securities as well as
certain state and municipal debt securities.  These securities are classified
as available-for-sale securities, and are reported at fair value.  Realized
gains and losses are determined on the average cost basis, and included in the
Company's statement of income.  Unrealized gains and losses are excluded from
earnings and reported separately as a component of stockholders' equity.
Dividend and interest income are accrued as earned.

Marketable equity securities and related unrealized gains and losses consist
of the following as of April 30, 2005:


<TABLE>
<caption>

    <S>                                         <C>
    Cost basis                                  $12,531,000
    Market value                                 11,650,000
                                                ___________
    Net unrealized gains (losses)               $  (881,000)
                                                ___________
                                                ___________

    Gross unrealized gain                       $   319,000
                                                ___________
                                                ___________

    Gross unrealized loss                       $(1,200,000)
                                                ___________
                                                ___________
</TABLE>


In accordance with SFAS 115, if the Company determines that a marketable
security has an other-than temporary decline in fair value, generally defined
as when the cost basis exceeds the fair value for approximately one year. When
this happens the Company will decrease the cost of the marketable security to
the new fair value and recognize a realized loss.  The investments are
periodically evaluated to determine if impairment changes are required.

<page>

4.	Retirement Benefit Plan
On January 1, 1998, the company adopted the George Risk Industries, Inc.
Retirement Savings Plan (the "Plan").  The Plan is a defined contribution
savings plan designed to provide retirement income to eligible employees of
the company and its subsidiaries.  The Plan is intended to be qualified under
Section 401(k) of the Internal Revenue Code of 1986, as amended.  It is funded
by voluntary pre-tax contributions from eligible employees who may contribute
a percentage of their eligible compensation, limited and subject to statutory
limits. The Plan is also funded by discretionary matching employer
contributions from the company.  Eligible employees cannot participate in the
Plan until they have attained the age of 21 and completed one thousand hours
of service in any plan year with the company.  Upon leaving the company, each
participant is 100% vested with respect to the participants' contributions
while the company's matching contributions are vested over a six-year period
in accordance with the Plan document.  Contributions are invested, as directed
by the participant, in investment funds available under the Plan.  Matching
contributions of approximately $16,000 were paid during each fiscal year ending
April 30, 2005 and 2004.  Discretionary contributions of approximately $5,000
and $8,000 were paid during 2005 and 2004, respectively.

5.	Stockholders' Equity
Preferred Stock-Each share of the Series #1 preferred stock is convertible at
the option of the holder into five shares of Class A common stock and is also
redeemable at the option of the board of directors at $20 per share. The holders
of the convertible preferred stock shall be entitled to a dividend at a rate up
to $1 per share annually, payable quarterly as declared by the board of
directors. No dividends were declared or paid during the two years ended April
30, 2005.

During the year ended April 30, 2000, the Company purchased and retired 7,500
preferred shares for $167,000.

Convertible preferred stock without par value may be issued from time to time
as determined by the board of directors.  Shares of different series shall be
of equal rank but may vary as to terms and conditions.

Class A Common Stock-The holders of the Class A common stock are entitled to
receive dividends as declared by the board of directors.  No dividends may be
paid on the Class A common stock until the holders of the Series #1 preferred
stock have been paid a dividend for the four prior quarters and provision has
been made for the full dividend in the current fiscal year.

In April 2001, the Company received 190,000 shares of GRI common stock that had
been held by a bank as collateral for a loan that had been paid several years
prior. The loan was made by GRI/FKI Trust (Trust) and the shares were owned by
the Trust. In April 2002, the Trust and the Company agreed that the Company
would pay a total of $160,000 in six month installments of $40,000 on June 1
and December 1 in 2002 and 2003.  At April 30, 2004 the liability was paid.

Stock Transfer Agent-The Company does not have an independent stock transfer
agent. The company maintains all stock records.

<page>

6.	Earnings Per Share
Basic and diluted earnings per share, assuming convertible preferred stock was
converted for each period presented are:

<TABLE>

<CAPTION>


                                      April 30, 2005
                           ___________________________________
                             Income       Shares     Per-Share
                           (Numerator) (Denominator)   Amount
 
                      <c>          <C>           <c>


   Net Income              $2,515,000
                           __________
                           __________

   Basic EPS               $2,515,000    5,393,453     $.466
   Effect of dilutive
    Convertible Preferred
     Stock                          -       20,500      .001
                           __________    _________     _____
     Diluted EPS           $2,515,000    5,413,953     $.465
                           __________    _________     _____
                           __________    _________     _____


</TABLE>

<TABLE>

<CAPTION>
                                       April 30, 2004
                           ___________________________________
                             Income       Shares     Per-Share
                           (Numerator) (Denominator)   Amount
 
                      <c>          <C>           <c>


   Net Income              $2,411,000
                           __________
                           __________

   Basic EPS               $2,411,000    5,402,528     $.446
   Effect of dilutive
    Convertible Preferred
     Stock                          -       26,750     (.002)
                           __________    _________     _____
     Diluted EPS           $2,411,000    5,429,278     $.444
                           __________    _________     _____
                           __________    _________     _____


</TABLE>

<page>


7.	Commitments, Contingencies, and Related Party Transactions
Leases-The Company leases a duplex and office space from secretary/treasurer of
the company. One half of the duplex is for storage of materials and accounting
records. The other half of the duplex is rented out as housing to an independent
third party at a rate of $325 per month.  This lease requires an annual payment
of $3,400 due each July 1 and payments of $300 on a month-to-month basis to the
secretary/treasurer.

The office space leased from the secretary/treasurer contains the Company's
sales and accounting departments, maintenance department, engineering department
and some production facilities.  This lease requires a minimum payment of $1,535
on a month-to-month basis.

Total lease expense under the above two arrangements for the fiscal years ended
April 30, 2005 and 2004, was $25,000 for each year.

The company leases an airplane from the President/CEO, who is also a majority
stockholder, on a month-to-month basis requiring payments of $2,250.  Airplane
lease expenses charged to operations for the fiscal years ended April 30, 2005
and 2004, were $27,000 for each year. During the year ended April 30, 2000, the
Company paid $210,000 and the President/CEO contributed the airplane in trade
for another airplane.  The Company and this officer jointly own the newly
purchased airplane and will continue the lease on the officer's ownership of
the plane.

<page>

8.	Income Taxes

<TABLE>
<CAPTION>
                                              2005
                                    Federal           State
                                 ____________      ____________

 <S>                               <C>               <C>
 Income before income taxes        $3,907,000        $3,907,000
 State income tax deduction          (277,000)         (277,000)
 Capital loss carryforward             88,000            88,000
 Nontaxable income                   (185,000)         (185,000)
 Nondeductible expenses
  and timing differences                2,000             2,000
                                   __________        __________

    Taxable income                 $3,535,000        $3,535,000
                                   __________        __________
                                   __________        __________

    Income tax - net of credits    $1,150,000        $  277,000
                                   __________        __________
                                   __________        __________

    Tax rate to taxable income            34%              7.8%
                                  ___________       ___________
                                  ___________       ___________


</TABLE>

<TABLE>
<CAPTION>
                                              2004
                                    Federal           State
                                 ____________      ____________
 <S>                               <c>               <c>

 Income before taxes               $3,896,000        $3,896,000
 State income tax deduction          (268,000)         (268,000)
 Capital loss carryforward applied    (37,000)          (37,000)
 Nontaxable income                    (78,000)          (78,000)
 Nondeductible expenses
  and timing differences              (69,000)          (69,000)
                                   __________        __________

    Taxable income                 $3,444,000        $3,444,000
                                   __________        __________
                                   __________        __________

    Income tax - net of credits    $1,171,000        $  268,000
                                   __________        __________
                                   __________        __________

    Tax rate to taxable income           34.0%             7.8%
                                  ___________       ___________
                                  ___________       ___________

</TABLE>





<TABLE>
<CAPTION>
   Deferred  tax  asset (liability) consist of  the  following
   components at April 30, 2005 and 2004:

                                       2005          2004
                                     _________     ________

  <S>                                <C>            <C>
  Deferred tax current assets:
   Accrued expenses and allowances
     Capital Loss carry forward      $134,000       $ 94,000
     Accrued vacation                  30,000              -
                                     ________       ________
   Net deferred tax assets           $164,000       $ 94,000
                                     ________       ________
                                     ________       ________

  Deferred tax liabilities:
     Depreciation                    $(61,000)      $(27,000)
                                     ________       ________
     Net deferred tax liability      $(61,000)      $(27,000)
                                     ________       ________
                                     ________       ________
</TABLE>

<page>

9. Business Segments
   The following is financial information relating to industry
   segments:


<TABLE>
<CAPTION>


                                                 April 30,
                                            2005            2004

    <S>                                 <C>              <C>
    Net revenue:
     Pool alarm products                 $1,137,000      $ 1,132,000
     Keyboard and other products            586,000          616,000
     Security alarm products             11,390,000       11,035,000
                                        ___________      ___________

    Total net revenue                   $13,113,000      $12,783,000
                                        ___________      ___________
                                        ___________      ___________

    Income from operations:
     Pool alarm products                $   315,000      $   304,000
     Keyboard and other products            163,000          165,000
     Security alarm products              3,159,000        2,960,000
                                        ___________       __________
    Total income from operations        $ 3,637,000      $ 3,429,000
                                        ___________      ___________
                                        ___________      ___________

    Identifiable assets:
     Pool alarm products                $   330,000      $   275,000
     Keyboard and other products            220,000          285,000
     Security alarm products              4,202,000        4,025,000
     Corporate general                   15,949,000       15,949,000
                                        ___________      ___________

    Total assets                        $22,751,000      $20,534,000
                                        ___________      ___________
                                        ___________      ___________
    Depreciation and amortization:
     Pool alarm products                $    10,000      $     6,000
     Keyboard and other products                  0            4,000
     Security alarm products                121,000          143,000
     Corporate general                       75,000           81,000
                                        ___________      ___________

    Total depreciation and
      amortization                      $   206,000      $   234,000
                                        ___________      ___________
                                        ___________      ___________


    Capital expenditures:
     Pool alarm products                $    43,000      $     1,000
     Keyboard and other products                  0                0
     Security alarm and other products       90,000          123,000
     Corporate general                       25,000           58,000
                                        ____________     ___________
      Total capital expenditures        $    158,000     $   182,000
                                        ____________     ___________
                                        ____________     ___________


</TABLE>

<page>


10.	Concentrations of Credit Risk
The company maintains its cash balance in a financial institution in Kimball,
Nebraska. Accounts at this institution are insured by the Federal Deposit
Insurance Corporation for up to $100,000.  For the years ended April 30, 2005
and 2004, the Company had uninsured balances of $4,952,000, and $3,786,000,
respectively. Management believes that this financial institution is financially
sound and the risk of loss is minimal. The Company also maintains cash balances
in money market funds at the above-mentioned financial institution. Such
balances are not insured.

The company has sales to a group of security alarm distributors representing 40%
of total sales for the year ended April 30, 2005 and 36% of accounts receivable
at April 30, 2005.

<page>

Item 8	Disagreements on Accounting and Financial Disclosures

There were no disagreements with accountants on accounting and financial
disclosure.


Item 8A	  Controls and Procedures

When evaluating the effectiveness of the Company's "disclosure controls and
procedures" (as defined in the Securities Exchange Act of 1934 (Exchange Act)
Rules 13a-15(e) or 15d-15(e)), our Chief Executive Officer and our Chief
Financial Officer, as of the end of the period covered by this annual report,
have concluded that the disclosure controls and procedures are effective. This
is based on the evaluation of these controls and procedures as required by
paragraph (b) of Exchange Act Rules 13a-15 or 15d-15.

Furthermore, there were no changes in the Company's internal control over
financial reporting that occurred during the most recent fiscal quarter (the
fourth fiscal quarter in the case of this annual report) that has materially
affected, or is reasonably likely to materially affect, internal control over
financial reporting.

<page>

Part III


Item 9	Directors and Executive Officers of the Registrant
(a)	Identification of Directors and Executive Officers

All of the executive officers of the corporation serve at the pleasure of the
board of directors and do not have fixed terms.

The following information as of April 30, 2005, is furnished with respect to
each director and executive officer:

<TABLE>
<CAPTION>


                                                                   Director or
Name               Principal Occupation or Employment        Age   Officer Since
____               __________________________________        ___   _____________
<S>                <C>                                       <C>   <C>
Ken R. Risk        Chairman of the Board and President        57    1976

Eileen M. Risk     Secretary/Treasurer                        87    1976

Mary Ann Brothers  Executive Vice President                   65    1984

Stephanie Risk     Chief Financial Officer/Controller         33    1999

Jerry Andersen     Director, retired                          74    1978

Michael J. Nelson  Chairman, Nebraska Region, FirsTier Banks  64    1992

</TABLE>



(b)	Business Experience of Directors and Executive Officers

Ken R. Risk and Eileen M. Risk, executive officers listed above, have served
in various executive capacities with the company over the past fifteen years.

Ken R. Risk, chairman of the board, president and director, worked with the
company after he returned from naval service for several years. He left GRI
in 1977 to start his own company, Platte Valley Sales, in Hastings, Nebraska.
He returned to the company to assume the position of president and CEO in late
1989 after the death of his father, George Risk. He moved to Kimball, Nebraska
in 1997.

Mary Ann Brothers was controller of the company for five years and also served
as executive vice president and general manager prior to becoming president of
GRI Telemark Corporation.  She became executive vice president when Telemark
was merged with GRI in 1993.

Jerry Andersen, director, worked in the banking industry from 1967 until his
retirement in August 2000.

Michael J. Nelson, director, has worked in the banking business since 1963 and
was the president of the First State Bank in Kimball, Nebraska until 2001. He
is currently chairman of FirsTier Banks in Kimball, Nebraska.

Stephanie Risk, chief financial officer and controller, has ten years'
experience in the accounting field.  Stephanie also worked for the family
business (Platte Valley Sales) during and after college as a staff accountant.
In 1997, she pursued her career with an accounting manager position at
Kershner's Auto Korner. She joined the accounting staff at GRI in 1999 and then
was promoted to CFO upon retirement of the prior CFO.

(c)	Identification of Certain Significant Employees

Ken R. Risk, Mary Ann Brothers and Stephanie Risk are also employees of the
company. (See Item 9 [b].)

(d)	Involvement in Certain Legal Proceedings

None.

<page>

Item 10	Executive Compensation
The following table sets forth certain information regarding the compensation
paid or accrued by the company to or for the account of the chief executive
officer and each of the four other most highly compensated executive officers
of the company for services rendered in all capacities during each of the
company's fiscal years ended April 30, 2003, 2004, and 2005:

<TABLE>
<CAPTION>

                                Annual Compensation


    (a)              (b)        (c)       (d)          (e)
                                                    Other Annual
Position             Year      Salary    Bonuses    Compensation

<S>                  <C>       <C>          <C>        <C>
Ken R. Risk          2005      187,000      -          -
Chief Executive      2004      183,000      -          -
Officer              2003      180,000      -          -


Mary Ann Brothers    2005      123,000      -           -
Executive Vice       2004      120,000      -           -
President            2003      120,000      -           -

Kathy Walker         2005       23,000      -           -
Senior Vice
President

Donna Debowey        2004       14,000      -           -
Senior Vice          2003       37,000      -           -
President

David Luppen         2005       52,000      -           -
Director of          2004       51,000      -           -
Engineering          2003       50,000      -           -

Dan Douglas          2005       48,000      -           -
Vice President of    2004       46,000      -           -
Materials            2003       45,000      -           -

Stephanie Risk       2005       38,000      -           -
Chief Financial      2004       36,000      -           -
Officer              2003       35,000      -           -

</TABLE>


<TABLE>
<CAPTION>

                             Long-Term Compensation

    (a)       (b)        (f)         (g)          (h)          (i)
                      Restricted   Options       LTIP          All
Position     Year       Stock       /SARS       Payouts       Other
                        Awards

<S>          <C>         <C>         <C>          <C>          <C>
Ken R. Risk  2005         -           -            -            -
             2004         -           -            -            -
             2003         -           -            -            -


Mary Ann     2005         -           -            -            -
Brothers     2004         -           -            -            -
             2003         -           -            -            -


Kathy Walker 2005         -           -            -            -


Donna        2004         -           -            -            -
Debowey      2003         -           -            -            -


David Luppen 2005         -           -            -            -
             2004         -           -            -            -
             2003         -           -            -            -


Dan Douglas  2005         -           -            -            -
             2004         -           -            -            -
             2003         -           -            -            -


Stephanie    2005         -           -            -            -
Risk         2004         -           -            -            -
             2003         -           -            -            -


</TABLE>


<page>

Members of the board of directors were each compensated $150 for their
services during the fiscal year.

Ken R. Risk and Mary Ann Brothers do not have employment contracts with the
company. Both officers have a base salary and also receive compensation based
on a percentage of net sales for the year.


Item 11	Security Ownership of Certain Beneficial Owners and
Management

Below is certain information concerning persons who are known by the company
to own beneficially more than 5 percent of any class of the company's voting
shares on April 30, 2005.

<TABLE>
<CAPTION>
Title     Name and Address        Amount of        Percent
  of        of Beneficial        Beneficial          of
Class         Ownership           Ownership         Class

<S>       <C>                      <C>             <C>
Class     Ken R. Risk              2,951,955       55%
A         Kimball, NE
          69145

</TABLE>


None of the directors or officers has the right to acquire any additional
shares either directly or indirectly through any contracts or arrangements
with other shareholders.

<page>

Item 12	Certain Relationships and Related Party Transactions
During each of three years ended April 30, 2005, 2004 and 2003, the company
executed transactions with related entities and individuals.  Each of the
transactions was in terms at least as favorable as could be obtained from
unrelated third parties.

<TABLE>
<CAPTION>
                                 <c>                  <c>            <c>
Related Party                    2005                 2004           2003

Airplane Lease
  Ken R. Risk, President         $27,000              $27,000        $27,000


Building and Warehouse
 Leases/Rentals

 Eileen M. Risk,
  Secretary/Treasurer           $ 3,400              $ 3,400        $ 3,400
 Eileen M. Risk,
  Secretary/Treasurer           $ 3,600              $ 3,600        $ 3,600

 Eileen M. Risk,
  Secretary/Treasurer           $18,420              $18,420        $18,420


Stock Transfer Agent
 Eileen M. Risk,
  Secretary/Treasurer           $20,000              $20,000        $20,000

</TABLE>


Item 13	Exhibits and Reports on Form 8-K
3.(1).a     Articles of Incorporation - Filed as Exhibit 5 to the
            Registrant's Form 10-K for the fiscal year ended
            April 10, 1970, and incorporated by reference herein

3.(i).b     Certificate of Amendment to the Articles of
            Incorporation of the Registrant - Filed as Exhibit 1.2
            to the Registrant's Form 10-K for the fiscal year
            ended April 30, 1971, and incorporated by reference
            herein

3.(ii).c    By-laws - Filed as Exhibit 1.3 to the Registrant's Form
            10-K for the fiscal year ended April 10, 1971, and
            incorporated by reference herein

31.1  Certification pursuant to Rule 13a-14(a) of the Chief Executive Officer

31.2  Certification pursuant to Rule 13a-14(a) of the Chief Financial Officer

32.1  Certification pursuant to 18 U.S.C. 1350 of the Chief Executive Officer

32.2  Certification pursuant to 18 U.S.C. 1350 of the Chief Financial Officer

<page>

SIGNATURES

Pursuant  to  the  requirements of  Section  13  or  15(d)  of
the  Securities  Exchange  Act  of  1934, as  amended,  the
Registrant  has  duly  caused  this  Report  to  be  signed  on
its  behalf  by  the  undersigned,  thereunto  duly  authorized.

                 George Risk Industries, Inc.

 /s/  Ken R. Risk                                     Date
 Ken R. Risk, President and Chairman of the Board     August 9, 2005




Pursuant  to  the  requirements  of  the Securities  Exchange Act
of 1934, this  Report  has been  signed  below  by the  following
persons on   behalf  of  the Registrant and in the capacities and
on the  dates  indicated.

Signature                Title                      Date




/s/ Ken R. Risk          President and              August 9, 2005
Ken R. Risk              Chairman of the Board


/s/ Stephanie Risk       Chief Financial Officer    August 9, 2005
Stephanie Risk           and Controller


/s/ Jerry Andersen       Director                   August 9, 2005
Jerry Andersen


/s/ Michael J. Nelson    Director                   August 9, 2005
Michael J. Nelson