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Integrity Mutual Funds, Inc. to Consolidate Broker Dealer Units

Tuesday June 3, 11:22 am ET

MINOT, N.D., June 3 /PRNewswire-FirstCall/ -- Integrity Mutual Funds, Inc., (BB:IMFD) a mutual fund management and financial services company has announced that it will consolidate its two wholly owned broker dealer firms, Capital Financial Services, Inc. (CFS) and ARM Securities Corporation (ARM) into one firm -- Capital Financial Services, Inc. The consolidation is designed to increase operating efficiency and promote cost savings, but will not result in any layoffs of current employees.

As a result of the consolidation, the former ARM offices, which oversee 66 registered representatives in several Midwest states and California, will go from limited service to full service. Capital Financial Services is a full- service brokerage firm that specializes in providing investment products and services to independent investment representatives, financial planners and investment advisors, and has 90 registered representatives that are mainly located in the Midwest.

"By combining both companies," says Robert Walstad, CEO of Integrity, "we will provide our customers with greater efficiency; eliminate a vast array of expenses; and create a solid platform for continued growth and expanded services of our independent broker dealer division."

With assets under management of over $300 million, Integrity Mutual Funds, Inc. is publicly traded over the OTC Bulletin Board under the symbol IMFD. With its subsidiaries, ND Capital, ND Money Management, ND Resources and Ranson Capital Corporation, the firm sponsors, manages, and advises eleven mutual funds. These include state-specific tax-exempt municipal bond funds in Montana, North Dakota, South Dakota, Nebraska, Kansas and Oklahoma. The firm also sponsors a stock fund, an income fund, and two equity fund of funds that invest in stock mutual funds managed by other firms. For more information about Integrity Mutual Funds Inc., please visit

SOURCE Integrity Mutual Funds, Inc.

CONTACT: Robert Walstad of Integrity Mutual Funds, Inc., +1-701-852-5292

The Integrity Funds are sold only to persons residing in the United States and are offered by prospectus only. For more complete information about any of the Integrity Mutual Funds, investors should consider the investment objectives, risks, charges and expenses of each fund carefully before investing. The prospectus includes this and other information about each fund. Investors may obtain the applicable prospectus from their financial advisor or from our website at Please read the prospectus carefully before you invest or send money.

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