Integrity Mutual Funds, Inc. Announces Second Quarter 2007 Earnings.MINOT, N.D. -- Integrity Mutual Funds, Inc. (IMFD.OB), a mutual fund and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company, today reported revenues for the second quarter of 2007 of $10,438,685, a 64% increase from revenues of $6,356,201 for the second quarter of 2006. Revenues for the six months ended June 30, 2007 were $18,710,083, a 47% increase from revenues of $12,703,865 for the six months ended June 30, 2006. The Company reported net income of $299,511, or $0.01 per diluted share, for the second quarter of 2007, compared to net income of $86,867, or $0.00 per diluted share, for the second quarter of 2006. Net income for the six months ended June 30, 2007 was $67,940, or $0.00 per diluted share, compared to a net loss of $31,198, or $0.01 per diluted share, for the six months ended June 30, 2006. The increases in earnings and revenues were due to increased fee income derived from share sales in the Company's sponsored mutual funds and from increased commission and fee income in the Company's broker-dealer division. Integrity Mutual Funds, Inc. is publicly traded over the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. 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 full-service brokerage firm A brokerage firm that provides a wide range of services and products to its customers, including research and advice. Compare discount brokerage firm. that specializes in providing investment products and services to independent investment representatives, financial planners Financial Planner A qualified investment professional who assists individuals and corporations meet their long-term financial objectives by analyzing the client's status and setting a program to achieve these goals. , and investment advisors Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . More information is available at http://corp.integrityfunds.com or by calling (800) 276-1262. |
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