Integrity Mutual Funds, Inc. Announces First Quarter 2009 Earnings
May 12, 2009 11:23:00 AM
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View Additional ProfilesMINOT, N.D., May 12 /PRNewswire-FirstCall/ -- Integrity Mutual Funds, Inc. (OTC 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.
SOURCE Integrity Mutual Funds, Inc.
Bradley P. Wells of Integrity Mutual Funds