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

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

MINOT, NORTH DAKOTA (November 11, 2005) --Integrity Mutual Funds, Inc. (IMFD.OB), a mutual fund and financial services company, today reported a net loss of $103,400 ($.01 per share) for the third quarter of 2005, compared to net income of $93,626 ($.01 per share) during the same period in 2004. The Company reported a net loss of $82,138 ($.01 per share) for the nine months ended September 30, 2005, compared to net income of $264,469 ($.02 per share) during the same period in 2004. The reduction in earnings results primarily from increased compensation and benefits expense due to the addition of several new employees to the Company over the past twelve months.

Revenues for the third quarter of 2005 were $5,070,069, compared to revenues of $4,136,926 during the same period in 2004. Revenues for the nine months ended September 30, 2005 were $14,249,282, compared to revenues of $12,694,832 during the same period in 2004. The increases in revenue are due primarily to recruiting efforts for new registered representatives and changing market conditions 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 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.

All of the Integrity Mutual Funds are sold by prospectus only. 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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