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Integrity Mutual Funds, Inc. Announces Fourth Quarter and Year-End 2007 Earnings

Contact:  Bradley P. Wells 701/852-5292

MINOT, NORTH DAKOTA - (March 17, 2008) - Integrity Mutual Funds, Inc. (IMFD.OB), a mutual fund and financial services company, today reported revenues for the fourth quarter of 2007 of $9,581,654, a 36% increase from revenues of $7,067,823 for the fourth quarter of 2006.  Revenues for the year ended December 31, 2007 were $38,490,489, a 44% increase from revenues of $26,786,964 for the year ended December 31, 2006.

The Company reported net income of $229,372, or $0.01 per diluted share, for the fourth quarter of 2007, compared to net income of $90,612, or $0.00 per diluted share, for the fourth quarter of 2006.  Net income for the year ended December 31, 2007 was $583,213, or $0.03 per diluted share, compared to a net loss of $59,387, or $0.01 per diluted share, for the year ended December 31, 2006.

The increases in earnings and revenues for the year were due primarily to increased commission and fee income in the Company’s broker-dealer division as well as increased fee income received from the Company’s sponsored mutual funds.
 
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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