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Integrity Mutual Funds Announces Deal To Acquire Retail Brokerage Firm

Contact: Brad Wells, 701/852-5292

MINOT, N.D., (February 16, 2007) Integrity Mutual Funds, Inc. (IMFD.OB), a mutual fund and financial services company, announced today that it has signed an agreement to acquire the assets of United Heritage Financial Services (UHFS). UHFS currently has 120 independent registered representatives and is a wholly owned subsidiary of United Heritage Financial Group, Inc., of Meridian, Idaho. UHFS’s brokers will become part of Capital Financial Services, Inc. (CFS), the retail brokerage division of Integrity.

We are very excited about this combination which takes our broker count to over 400. We have very similar cultures and are committed to providing the UHFS brokers with all the tools necessary to compete in today’s marketplace”, said Brad Wells, Senior Vice President of Retail Administration at Integrity.  “CFS has been in business for 25 years and is very focused on providing all our brokers with a long-term home.”

Our primary goal has been to find a new broker-dealer for our reps and their clients that has the same high standards for customer service and sound business practices,” said Jack Winderl, President of UHFS.  “We believe CFS more than meets that goal. This deal will allow us to focus on our core insurance business.  We intend on maintaining a business relationship with CFS for our own investment services needs as well.”

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 over 300 independent investment representatives, financial planners, and investment advisors throughout the United States. More information is available at http://www.integritymf.com or by calling 800/276-1262.

 




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