Fonar Corp (FONR)

[ProfitScout]

FONAR Corporation Reports It Has Received Notice From NASDAQ of FONAR's Compliance With All NASDAQ Listing Requirements and NASDAQ's Decision to Continue the Listing of FONAR Shares on the NASDAQ Stock Market; FONAR's Symbol Returns to (FONR) Today

MELVILLE, N.Y., May 15, 2007 (BUSINESS WIRE) -- FONAR Corporation (NASDAQ:FONR), The Inventor of MR Scanning ( TM ), announced today it has received notice from NASDAQ that its NASDAQ Listing Qualifications Panel had found it to be in full compliance with its listing requirements, including its share price, and the post-split price performance of FONAR shares. Consequently, the Panel has restored today FONAR's trading symbol to (FONR) from (FONRD) following its recommended continued listing of the Company's securities on the NASDAQ Stock Market."

FONAR Chairman, Raymond Damadian, reported that "we are pleased to receive the news of FONAR's 'demonstrated compliance with all NASDAQ Marketplace Rules' and the resulting decision by NASDAQ for continued listing of FONAR on the NASDAQ Stock Market, especially in light of FONAR's exciting prospects going forward with the myriad of applications for FONAR's new UPRIGHT(TM) MR Imaging technology that seem to unfold almost daily."

The Inventor of MR Scanning(TM), Full Range of Motion(TM), STAND-UP(TM), UPRIGHT(TM), Multi-Position(TM), pMRI(TM), True Flow(TM), and The Proof is in the Picture(TM) are trademarks of FONAR Corporation.

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

This release may include forward-looking statements from the company that may or may not materialize. Additional information on factors that could potentially affect the company's financial results may be found in the company filings with the Securities and Exchange Commission.

SOURCE: FONAR Corporation

FONAR Corporation
Daniel Culver, 631-694-2929
Fax: [phone]
http://www.fonar.com
[e-mail]


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