Integrity Announces Williston Basin/Mid-North America Stock Fund
November 10 2008 - 10:39AM
PR Newswire (US)
Fund is the only one to focus on the untapped Williston Basin area
MINOT, N.D., Nov. 10 /PRNewswire-FirstCall/ -- Integrity Mutual
Funds, Inc. (OTC:IMFD) (BULLETIN BOARD: IMFD) , a mutual fund and
financial services company, announced today that its Integrity
Small Cap Growth Fund is now the Williston Basin/Mid-North America
Stock Fund. The Fund will invest at least 80% of its net assets in
equity securities of domestic and foreign issuers that are
participating or benefiting from the development of the resources
in the Williston Basin area and/or Mid-North America region. The
Williston Basin/Mid-North America continental region is a
tremendously resource-rich area, especially in agriculture, oil and
natural gas. Natural resources will be a focus of the Fund, but it
will be broadly diversified and hold 25 - 35 stocks under most
market conditions. It will also have exposure to other companies
that may serve the natural resource sector, such as service and
equipment providers. "I am thrilled that we have come up with such
a unique fund with a specific focus. This fund is focused on areas
that very few investors are aware of. The Williston Basin area
alone is an undiscovered gem," said Robert Loest, senior portfolio
manager of Integrity Williston Basin/Mid-North America Stock Fund.
"Recent technology is allowing companies to 'unlock' more of the
resources from the Basin, therefore creating unprecedented
investment opportunities that we plan to explore with this Fund."
The Williston Basin/Mid-North America Stock Fund will invest in
equity securities that are participating or benefiting from the
economic development of the Williston Basin area and/or Mid-North
America area, encompassing the states of Arkansas, Colorado,
Illinois, Iowa, Kansas, Louisiana, Minnesota, Mississippi,
Missouri, Montana, Nebraska, New Mexico, North Dakota, Oklahoma,
South Dakota, Texas, Wisconsin, and Wyoming; and the Canadian
provinces of Alberta, Manitoba, and Saskatchewan. About Integrity
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. Please consider carefully the Fund's investment
objectives, risks, charges and expenses. For this and other
important information, obtain a fund prospectus by visiting
http://www.integrityfunds.com/ or by calling 1-800-276-1262. Read
it carefully before investing. Distributed by Integrity Funds
Distributor, Inc. Past performance is no guarantee of future
results. The investment return and principal value of an investment
will fluctuate so that an investor's shares, when redeemed, may be
worth more or less than their original cost. Bond prices and,
therefore, the value of a bond fund will decline as interest rates
rise. Because the fund invests in securities of a single state, the
fund is more susceptible to factors adversely impacting the
respective state securities more so than a municipal fund that does
not concentrate its securities in a single state. All or a portion
of a fund's dividends may be subject to state and local taxes and,
where applicable, federal alternative minimum tax (AMT).
DATASOURCE: Integrity Mutual Funds, Inc. CONTACT: Kelly Cinelli, ,
or Ronnie Welch, , both for Integrity Mutual Funds, Inc.,
+1-508-222-4802 Web site: http://corp.integrityfunds.com/
http://www.integrityfunds.com/
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