Integrity Mutual Funds reported earnings per share of $.01 for the first quarter ending March 31, 2004, unchanged from the same period last year.

Analyst expectations were not available.

Net income for the first quarter was $180,000, an increase of over 300 percent from $45,000 in the quarter ending December 31, 2003, and an increase of 94 percent from $81,401 in the same period last year.

The company attributed increased profits to three acquisitions in 2003. 

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