Vance A. Castleman

Integrity Mutual Funds, Inc. is a holding company engaged, through various subsidiaries, in providing investment management, distribution, shareholder services, fund accounting and other related administrative services to the open-end investment.

Souris Basin Planning Council provides business development services. The firm offers grantsmanship, economic development, project & fiscal management and fiscal sponsorship services. The company is headquartered in Minot, ND.

Part of Capital Financial Holdings, Inc., Capital Financial Services, Inc. provides investment brokerage and advisory services. The company is based in Madison, WI. The company was founded by Jay D. Brehmer. Capital Financial Services was acquired by Integrity Mutual Funds, Inc. on January 15, 2002 for $2.03 million.

Part of Capital Financial Holdings, Inc., ARM Securities Corp is an investment firm. The company is based in Minot, ND. ARM Securities was acquired by Integrity Mutual Funds, Inc. from ARM Financial Group, Inc. on June 01, 2000.

Capital Financial Holdings, Inc. engages in the provision of financial services. It operates through the following segments: Broker-Dealer Services, and Holding Company. The Broker-Dealer Services segment distributes securities and insurance products to retail investors through a network of registered representatives. The Holding Company segment encompasses cost associated with ownership of the company's office building, business development and acquisitions, dispositions of subsidiary entities and results of discontinued operations and dividend income and recognized gains or losses. The company was founded by Robert Edward Walstad on September 22, 1987 and is headquartered in Minot, ND.