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Integrity Mutual Funds, Inc. Announces Results For The Second Quarter of 2005

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

MINOT, NORTH DAKOTA (August 12, 2005) --Integrity Mutual Funds, Inc. (IMFD.OB), a mutual fund and financial services company, today reported a net loss of $36,018 ($.00 per share) for the second quarter of 2005, compared to a net loss of $10,773 ($.00 per share) during the same period in 2004. The Company reported net income of $21,262 ($.00 per share) for the six months ended June 30, 2005, compared to net income of $170,843 ($.01 per share) during the same period in 2004. The changes are primarily due to a significant investment in distribution and marketing related expenses made by the Company, including the hiring of a national sales manager and several new wholesalers.

Revenues for the second quarter of 2005 were $4,631,193, compared to revenues of $4,251,239 during the same period in 2004. Revenues for the six months ended June 30, 2005 were $9,179,214, compared to revenues of $8,557,907 during the same period in 2004. The increases in revenue are due primarily to recruiting efforts for new registered representatives in the Company’s broker-dealer subsidiary, Capital Financial Services, Inc.

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 18 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.integrityfunds.com or by calling 800/276-1262.

An investor should consider the investment objectives, risks, and charges and expenses of the investment company carefully before investing. The prospectus contains this and other information about the investment company. An investor may obtain a prospectus at www.integrityfunds.com. Please read the prospectus carefully before investing.




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