Integrity to Offer Absolute Return Fund MINOT, N.D., May 17 /PRNewswire-FirstCall/ -- Integrity Mutual Funds, Inc. (OTC:IMFD) (BULLETIN BOARD: IMFD) , the Minot based mutual fund and financial services company, announced plans to launch a new absolute return mutual fund: the Integrity All Season Fund. The All Season Fund is being launched in partnership with All Season Financial Advisors, Inc., of Denver, who will manage the Fund on a sub- advisory basis. The new Fund's objective will be to seek long-term growth of capital while substantially reducing the normal risks associated with equity investing. The Fund will invest in equity securities and use various hedging strategies to manage risk and reduce volatility. The Fund will also include an allocation to high yield bonds, which will be managed by SMH Capital Advisors of Fort Worth, Texas, sub-advisor to the Integrity High Income Fund. "This strategy allows shareholders to benefit from a rising equity market while protecting capital during market downturns," explained Sam Jones, President of All Season Advisors and portfolio manager for the Fund. "The launching of the All Season Fund continues Integrity's effort to bring more unique and specialty products to our shareholders," said Integrity's Chairman and CEO Robert Walstad. "All Season Advisors has a strong track record, especially in volatile and uncertain markets. We are excited to be able to offer this new product to our shareholders," Walstad continued. Integrity Mutual Funds, Inc., has assets under management of $400 million and is publicly traded over the OTC Bulletin Board under the symbol IMFD. With its subsidiaries, Integrity Money Management, Inc., Integrity Fund Services, Inc., and Integrity Funds Distributor, Inc., the firm sponsors, manages and advises 18 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 in parts of the Midwest and California. We may not sell these securities until the registration statement filed with the Securities and Exchange Commission becomes effective. The information in the prospectus and Statement of Additional Information is not complete and may be amended. The prospectus and Statement of Additional Information is not an offer to sell these securities and is not soliciting an offer to buy these securities in any state where the offer or sales are not permitted. 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 adviser or from our website at http://www.integrityfunds.com/ . Please read the prospectus carefully before you invest or send money. DATASOURCE: Integrity Mutual Funds, Inc. CONTACT: Jerry Szilagyi, of Integrity Mutual Funds, Inc., +1-631-424-8111 Web site: http://www.integrityfunds.com/

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