Court Rules Presto Not Required to Register as Investment Company

July 01, 2007

On May 15, 2007, the Court of Appeals for the Seventh Circuit ("Court") ruled that National Presto Industries Inc. ("Presto"), a company largely familiar to the general public as a purveyor of household items such as the "Salad Shooter," is not required to register as an investment company with the Securities and Exchange Commission ("SEC").

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