MINOT, N.D., April 8 /PRNewswire-FirstCall/ -- Integrity Mutual Funds, Inc. (OTC:IMFD) (BULLETIN BOARD: IMFD) , a mutual fund and financial services company, announced today that its Maine Municipal Fund (MEMUX) has earned the Lipper Fund Performance Award for Best Fund over the past three years ending December 31, 2008 in the category of Other States Municipal Debt Funds. "The fact that the performance of the Maine Municipal Fund has been recognized by Lipper underscores our efforts to provide investors with access to top ranked mutual funds to help them meet their financial goals," said Monte Avery, Senior Portfolio Manager. "We are particularly pleased as it comes at a time when investors are increasingly looking to invest in bonds as part of a diversified portfolio." Mr. Avery has over 26 years in the investment industry. He joined Integrity Mutual Funds in 1995 and is the Senior Portfolio Manager for eight single-state municipal funds and the Integrity Fund of Funds. The Maine Municipal Fund is designed to provide consistent returns, monthly dividends, competitive yields and income exempt from state and federal income tax. The Lipper Fund Awards program highlights funds that have excelled in delivering consistently strong risk-adjusted performance, relative to their peers, over three-year, five-year, and 10-year time periods. For more information, including methodology, please visit: http://www.lipperweb.com/. Lipper rankings are based on total return and do not take sales charges into account. Lipper's Performance Achievement Certificates are awarded to funds with returns that topped their Lipper category over three-year, five-year, and 10-year time periods. Certificates are awarded for all Lipper Classifications and for the overall fund universe. Open-end funds, closed-end funds and variable insurance products are considered for awards. The Maine Municipal Fund was ranked 1 out of 133 funds for 3 years, 27 of 133 funds for 5 years, and 77 of 114 funds for 10 years in the Other States Municipal Debt Funds category. 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 350 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. Please consider carefully the fund's investment objectives, risks, charges and expenses. For this and other important information, obtain a fund prospectus by visiting http://www.integrityfunds.com/ or by calling 1-800-276-1262. Read it carefully before investing. Distributed by Integrity Funds Distributor, Inc. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Bond prices and, therefore, the value of a bond fund will decline as interest rates rise. Because the fund invests in securities of a single state, the fund is more susceptible to factors adversely impacting the respective state securities than a municipal fund that does not concentrate its securities in a single state. All or a portion of a fund's dividends may be subject to state and local taxes and, where applicable, federal alternative minimum tax (AMT). You may obtain performance data current to the most recent month end by calling 1-800-276-1262. All returns assume reinvestment of dividends and capital gains prior to the close of the fiscal year. DATASOURCE: Integrity Mutual Funds, Inc. CONTACT: Kelly Cinelli, , or Ronnie Welch, , both for Integrity Mutual Funds, Inc., +1-508-222-4802 Web Site: http://www.integrityfunds.com/

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