Integrity Mutual Funds CEO Robert Walstad Announces Retirement
29 Januar 2007 - 6:25PM
PR Newswire (US)
MINOT, N.D., Jan. 29 /PRNewswire-FirstCall/ -- Integrity Mutual
Funds, Inc. (OTC:IMFD) (BULLETIN BOARD: IMFD) , a mutual fund and
financial services company, announced today that founder, chief
executive officer and chairman of its board of directors, Robert E.
Walstad, is retiring from his roles with the company, effective
February 1, 2007. Walstad will be named Chairman Emeritus and will
continue to serve as a director/trustee of the company's family of
mutual funds. Concurrent with the announcement, the company
announced that Mark R. Anderson, president and chief operating
officer of the company, would succeed Walstad as director and chief
executive officer. Walstad, 62, entered the securities business in
1972 as a stockbroker for Paine Webber in Denver. Two years later
he opened the first Paine Webber office in the state of North
Dakota. In 1977, he opened the first Dean Witter Reynolds office in
North Dakota and became Branch Manager and Vice President,
Investments, before founding Integrity Mutual Funds in 1987. He has
served as CEO and chairman of the board since that time. "After 20
years in business, the company is running better than ever. This is
an exciting time for Integrity Mutual Funds; we have great people
in place, great products and strong fund performance. I am
confident that the company is in good hands and I am looking
forward to being able to spend more time with my family and pursue
some of my other interests," said Walstad. Anderson, 42, entered
the securities industry in 1990 with Piper Trust of Minneapolis. He
joined Integrity Mutual Funds in 1995 and served in various
executive positions until 1999. He was hired by Wells Fargo Bank
and served as a Personal Trust Officer for four years before
rejoining Integrity Mutual Funds in 2003 to serve as president and
chief operating officer. Mr. Anderson is a registered
representative, registered investment adviser, and registered
securities principal and holds a B.B.A. in Marketing from the
University of North Dakota. 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 throughout the United States.
More information is available at http://www.integrityfunds.com/ or
by calling 800/276-1262. DATASOURCE: Integrity Mutual Funds, Inc.
CONTACT: Mark R. Anderson of Integrity Mutual Funds,
+1-701-852-5292 Web site: http://www.integrityfunds.com/
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