Integrity Mutual Funds Announces Deal to Acquire Retail Brokerage Firm
16 Février 2007 - 5:00PM
PR Newswire (US)
MINOT, N.D., Feb. 16 /PRNewswire-FirstCall/ -- Integrity Mutual
Funds, Inc. (OTC:IMFD) (BULLETIN BOARD: IMFD) , a mutual fund and
financial services company, announced today that it has signed an
agreement to acquire the assets of United Heritage Financial
Services (UHFS). UHFS currently has 120 independent registered
representatives and is a wholly owned subsidiary of United Heritage
Financial Group, Inc., of Meridian, Idaho. UHFS's brokers will
become part of Capital Financial Services, Inc. (CFS), the retail
brokerage division of Integrity. "We are very excited about this
combination which takes our broker count to over 400. We have very
similar cultures and are committed to providing the UHFS brokers
with all the tools necessary to compete in today's marketplace",
said Brad Wells, Senior Vice President of Retail Administration at
Integrity. "CFS has been in business for 25 years and is very
focused on providing all our brokers with a long-term home." "Our
primary goal has been to find a new broker-dealer for our reps and
their clients that has the same high standards for customer service
and sound business practices," said Jack Winderl, President of
UHFS. "We believe CFS more than meets that goal. This deal will
allow us to focus on our core insurance business. We intend on
maintaining a business relationship with CFS for our own investment
services needs as well." 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 over
300 independent investment representatives, financial planners, and
investment advisors throughout the United States. More information
is available at http://www.integritymf.com/ or by calling
800/276-1262. DATASOURCE: Integrity Mutual Funds, Inc. CONTACT:
Brad Wells of Integrity Mutual Funds, Inc., +1-701-852-5292 Web
site: http://www.integrityfunds.com/ http://www.integritymf.com/
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