Fonar Corp (FONR)

[ProfitScout]

FONAR Sells 56th Stand-Up MRI, 3rd To Micro Surgeon; Customer Sees Enormous Potential of Stand-Up MRI to Dominate the Field of MRI

MELVILLE, N.Y.--(BUSINESS WIRE)--Aug. 19, 2003--FONAR Corporation (Nasdaq:FONR), The MRI Specialist(TM), announced today the sale of its 56th Stand-Up(TM) MRI to Dr. Rahul Nath, M.D., a reconstructive microsurgeon. This is Dr. Nath's third purchase of the FONAR Stand-Up(TM) MRI, FONAR's whole-body Upright(TM) imaging system. The three scanners, all ordered within a 60 day period, will be installed in the same Southwestern city.

Dr. Nath's description of a recent visit he made to FONAR headquarters in Melville, New York helps explain why he is an enthusiastic advocate of the Stand-Up(TM) MRI: "I wanted to be sure that the image quality and diagnostic capabilities of the Stand-Up(TM) MRI meet the highest standards. I invited two highly respected and very demanding physicians to accompany me to FONAR. One is a neurologist who specializes in movement disorders and the other a board-certified neuroradiologist. Both of them were extremely positive about the Stand-Up(TM) MRI. They were particularly pleased with its resolution in brain images and were also very excited about the Stand-Up(TM)'s brain angiograms."

"My decision to order three Stand-Up(TM) MRIs in less than 60 days," continued Dr. Nath, "is based on the product's enormous potential to dominate the field of MRI. In my opinion, Position(TM) MRI is the future of the industry. The Stand-Up(TM) MRI is revolutionary technology, and I am very excited to be involved with it early on. If anyone is thinking seriously about Position(TM) MRI, now is the best time to get on board."

"I have also been most pleased with all aspects of my interaction with FONAR," concluded Dr. Nath. "They have been helpful and more than accommodating in all aspects of the planning and execution of my projects. Dr. Damadian has been honest, open and very involved with us on a personal level. I look forward to many more projects with FONAR."

The Stand-Up(TM) MRI is the world's only whole-body MRI scanner with the ability to perform Position(TM) Imaging (pMRI(TM)), i.e. patients can be scanned standing, sitting, bending or lying down. With its unique ability to scan patients in weight-bearing postures, the FONAR Stand-Up(TM) MRI has identified pathology that had gone undetected on conventional, lie-down MRI scanners.

Because of its unique geometric design, the FONAR Stand-Up(TM) MRI is remarkably spacious and non-claustrophobic. There is nothing in front of the patients' faces or over their heads to create a "closed-in" feeling. Patients typically sit comfortably watching a 42-inch TV throughout the scanning procedure.

MRI Specialist, Stand-Up, Upright, Position and pMRI are trademarks of FONAR Corporation.

Be sure to visit FONAR's Web site for Company product and investor information: http://www.fonar.com.

CONTACT:
FONAR Corporation, Melville
Daniel Culver or David Terry, 631-694-2929
Fax: [phone]
E-mail: [e-mail]
SOURCE: FONAR Corp.