Integrity Mutual Funds, Inc. Announces First Quarter 2009 Earnings
May 12 2009 - 11:23AM
PR Newswire (US)
MINOT, N.D., May 12 /PRNewswire-FirstCall/ -- Integrity Mutual
Funds, Inc. (OTC:IMFD) (BULLETIN BOARD: IMFD) , a mutual fund and
financial services company, today reported revenues for the first
quarter of 2009 of $5,114,009, a 46% decrease from revenues of
$9,487,056 for the first quarter of 2008. The Company reported a
net loss of $147,141, or $(0.01) per diluted share, for the first
quarter of 2009, compared to net income of $284,287, or $0.01 per
diluted share, for the first quarter of 2008. The decrease in
revenues and earnings resulted from decreased commission and fee
income relating to CFS, the Company's broker-dealer division, as
well as a reduction in fee income received by the mutual fund
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. DATASOURCE: Integrity Mutual Funds, Inc. CONTACT: Bradley
P. Wells of Integrity Mutual Funds, Inc., +1-701-852-5292 Web Site:
http://www.integrityfunds.com/
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