Integrity Selected as Investment Advisor for the Saratoga Energy and Basic Materials Fund
10 Mai 2006 - 6:12PM
PR Newswire (US)
MINOT, N.D., May 10 /PRNewswire-FirstCall/ -- Integrity Mutual
Funds, Inc. (OTC:IMFD) (BULLETIN BOARD: IMFD) , a mutual fund and
financial services company, announced today that it has been
selected as the new investment adviser for the Saratoga Energy and
Basic Materials Fund. The $13 million Fund will be managed by F.
Martin Koenig and Steven Breyer from Integrity's New York office.
Koenig and Breyer are also responsible for managing four other
Integrity equity funds; the Integrity Value, Integrity Small Cap
Growth, Integrity Technology and Integrity Health Sciences Funds,
using a quantitative stock selection model developed and refined by
Koenig over the last 25 years. The team will use the same
quantitative approach used for the Integrity Funds to manage the
Saratoga Fund. Koenig stated, "The expanding global economy has
caused an increased appetite for energy and basic materials. There
is substantial evidence to suggest that the world economies are
currently transitioning from the deflationary cycle of the last 25
years or so to a new long-term inflationary cycle, characterized by
gradual but ever rising prices for virtually everything, not just
commodities. The Saratoga Energy and Basic Materials Fund is well
positioned to take advantage of this secular trend." Bruce
Ventimiglia, founder and CEO of Saratoga Capital Management,
manager of the Saratoga Funds, explained that: "Integrity's use of
sophisticated quantitative models employing certain elements of
artificial intelligence and the combined experience of Koenig and
Breyer's portfolio management and research skills gave Integrity
the upper hand in the adviser selection process." About Integrity
Mutual Funds Integrity is differentiating itself as a leading
investment management company by delivering unique mutual funds
that play strategic roles in adviser's portfolios. Its Funds strive
to apply disciplined investment methodologies and deliver
consistent risk-adjusted performance in all market cycles.
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 in parts of the Midwest and California. More information
is available at http://www.integrityfunds.com/ or by calling (800)
276-1262. The Integrity Mutual Funds are offered by prospectus
only. Investors should carefully consider the fund's investment
objectives, risks, charges and expenses before investing. For this
and other important information, obtain a fund prospectus by
visiting http://www.integrityfunds.com/ or by calling toll-free
(800) 276-1262. Read the prospectus carefully before investing.
Past performance is no guarantee of future results. The principal
value and investment return of an investment will fluctuate so that
your shares, when redeemed, may be worth more or less than their
original cost. You may obtain performance data current to the most
recent month end by calling (800) 276-1262. Distributed by
Integrity Funds Distributor, Inc. 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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