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FONAR's European Distributor Sells a 3rd FONAR UPRIGHT

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ProfitScout   Wednesday, 10/24/07 08:55:11 AM
Re: ProfitScout post# 526
Post # of 689 
FONAR's European Distributor Sells a 3rd FONAR UPRIGHT Multi-Position MRI in Germany

MELVILLE, N.Y., Oct 24, 2007 (BUSINESS WIRE) -- FONAR Corporation (NASDAQ-FONR), The Inventor of MR Scanning(TM) announced today that a third FONAR UPRIGHT(R) Multi-Position(TM) MRI has been sold in Germany. The unit is expected to be installed early next year in a diagnostic outpatient facility in the city of Munich. This is the fourth FONAR UPRIGHT(R) Multi-Position(TM) MRI sold by Tecserena GmbH, FONAR's European distributor since 2006.

FONAR has now reported 161 UPRIGHT(R) MRI scanners sold, with eleven occurring during the quarter ending September 30, 2007. In a September 28, 2007 press release, Dr. Raymond Damadian, president and founder of FONAR said, "In addition, we are receiving UPRIGHT(R) Multi-Position(TM) MRI orders in the first quarter of Fiscal 2008 at one of the highest levels we have experienced since the product was introduced." It is notable that only three (3) quarterly totals have topped this number since FONAR began selling the UPRIGHT(R) MRI in October, 2000.

The first unit in Germany was installed in Cologne in February 2006. On June 13, 2007, Dr. Raymond Damadian, helped dedicate the UPRIGHT(R) MRI facility at Hanover by speaking to the gathered medical audience at the grand opening.

Alfred Schlemmer, managing director of Tecserena, said, "Both the Hanover and Cologne UPRIGHT(R) MRI centers have been very busy and we have been able to turn their successes into a third sale in Munich. However, the most compelling aspect of this scanner is its ability to see the body in its dynamic and functional state. Our growing base of referring physicians are very delighted with the capabilities and image quality of the FONAR UPRIGHT(R) Multi-Position(TM) MRI."

Mr. Schlemmer continued, "The FONAR UPRIGHT(R) Multi-Position(TM) MRI is a most unique MRI scanner. We firmly believe that it will become a standard in MRI diagnostics in Europe, especially of the spine. No other medical diagnostic product can put together in one scanner the detailed imaging of an MRI with the capability to image in any position that the patient can get into. Our basic marketing strategy is to educate the medical community about the unique diagnostic capabilities of the FONAR unit. Once the marketplace understands them, sales follow."

Dr. Damadian said, "Nothing is more gratifying than a customer who has actually used your product and wants to buy more!"

Tecserena was established as a distributor for FONAR's MRI products in Europe by Matthias Schulz, Alfred Schlemmer and Holger Frey. For additional information about Tecserena, visit www.tecserena.com, or call +49 221 340 2890.

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

Be sure to visit FONAR's Website for 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


CONTACT: FONAR Corporation
Daniel Culver, 631-694-2929
Fax: 631-390-1709
http://www.fonar.com
invest2007@fonar.com


Copyright Business Wire 2007



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