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Integrity Mutual Funds, Inc. Announces Second Quarter 2007 Earnings

Contact:  Mark R. Anderson 701/852-5292

MINOT, NORTH DAKOTA - (August 14, 2007) - Integrity Mutual Funds, Inc. (IMFD.OB), a mutual fund and financial services company, today reported revenues for the second quarter of 2007 of $10,438,685, a 64% increase from revenues of $6,356,201 for the second quarter of 2006.  Revenues for the six months ended June 30, 2007 were $18,710,083, a 47% increase from revenues of $12,703,865 for the six months ended June 30, 2006.

The Company reported net income of $299,511, or $0.01 per diluted share, for the second quarter of 2007, compared to net income of $86,867, or $0.00 per diluted share, for the second quarter of 2006.  Net income for the six months ended June 30, 2007 was $67,940, or $0.00 per diluted share, compared to a net loss of $31,198, or $0.01 per diluted share, for the six months ended June 30, 2006.

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 throughout the United States. More information is available at http://corp.integrityfunds.com or by calling (800) 276-1262.




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