Company News

Integrity Mutual Funds, Inc. Announces Third Quarter 2004 Results

Contact: Robert Walstad or Mark R. Anderson 701/852-5292

Minot, North Dakota (Nov. 12, 2004) --Integrity Mutual Funds, Inc. (IMFD.OB), a mutual fund and financial services company, today reported net income of $93,626 ($.01 per share) for the third quarter of 2004, an increase of 87%, compared to net income of $50,041 ($.00 per share) during the same period in 2003. The Company reported net income from continuing operations of $93,626 ($.01 per share) for the third quarter of 2004, an increase of 72%, compared to net income from continuing operations of $54,357 ($.00 per share) for the same period in 2003.

The Company reported net income of $264,469 for the nine months ended September 30, 2004 ($.02 per share), an increase of 93%, compared to net income of $136,874 ($.01 per share) during the same period in 2003. The Company reported net income from continuing operations of $264,469 ($.02 per share), an increase of 83%, compared to net income from continuing operations of $144,855 ($.01 per share) during the same period in 2003.

Revenues from continuing operations for the third quarter of 2004 were $4,136,926, an increase of 16%, compared to revenues from continuing operations of $3,572,409 during the same period in 2003. Revenues from continuing operations for the nine months ended September 30, 2004 were $12,694,832, an increase of 26%, compared to revenues from continuing operations of $10,046,610 during the same period in 2003. The increases in revenue and net income are due primarily to three mutual fund acquisitions and restructuring efforts completed in 2003.

Integrity Mutual Funds, Inc. is publicly traded over the OTC Bulletin Board under the symbol IMFD.OB. With its subsidiaries, Integrity Money Management, Inc., Integrity Fund Services, Inc., and Integrity Funds Distributor, Inc., the firm sponsors, manages, and advises 17 mutual funds. IMFD also owns Capital Financial Services, Inc., a full-service brokerage firm that specializes in providing investment products and services to independent investment representatives, financial planners, and investment advisors in parts of the Midwest and California. More information is available at www.integritymf.com or by calling 800/276-1262.




view all news...
Home | Contact Us | Privacy Policy | Terms of Use
© 2003-2018 Capital Financial Holdings, Inc.