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Integrity Mutual Funds, Inc. Announces Fourth Quarter and Year-End 2006 Results

Contact: Mark R. Anderson 701/852-5292

MINOT, NORTH DAKOTA (March 16, 2007) --Integrity Mutual Funds, Inc. (IMFD.OB), a mutual fund and financial services company, today reported net income of $90,612 for the fourth quarter of 2006, compared to a net loss of $99,014 during the same period in 2005. The Company reported a net loss of $59,387 for the year ended December 31, 2006, compared to a net loss of $332,413 for the year ended December 31, 2005.
Revenues for the fourth quarter of 2006 were $7,067,823, compared to revenues of $5,191,473 during the same period in 2005.  Revenues for year ended December 31, 2006 were $26,786,964, compared to revenues of $19,440,756 for the year ended December 31, 2005.

The increases in earnings and revenues were due to increased fee income derived from share sales in the Company’s sponsored mutual funds and from increased commission and fee income in the Company’s broker-dealer division. 

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.




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