Fonar Corp (FONR)

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FONAR Sells Second FONAR UPRIGHT(R) Multi-Position(TM) MRI to Center for Diagnostic Imaging (CDI)

MELVILLE, N.Y., Jan 15, 2008 (BUSINESS WIRE) -- FONAR Corporation (NASDAQ:FONR), The Inventor of MR Scanning(TM), announced today that Center for Diagnostic Imaging (CDI) of Minneapolis, Minnesota, has purchased a second FONAR UPRIGHT(R) Multi-Position(TM) MRI just six months after installing its first.

The sale was placed jointly with General Electric Healthcare (GEHC), a manufacturer's representative of FONAR (visit: www.gehealthcare.com/usen/mr/fonar_standing_ovation/index.html). CDI was one of the first outpatient imaging providers in the United States. Founded by Spine Radiologist Kenneth B. Heithoff, M.D., the company currently owns and operates 42 diagnostic imaging centers in eight states, including Minnesota, Wisconsin, Illinois, Indiana, Kansas, Missouri, Washington, and Florida.

CDI's second FONAR UPRIGHT(R) Multi-Position(TM) MRI was again purchased in partnership with the Northwestern College of Chiropractic (Northwest Health Science University) (NWHSU). The first UPRIGHT(R) MRI scanner was installed at a CDI Minneapolis outpatient center in the west metro suburb, St. Louis Park, in June 2007.

"We've purchased a second FONAR UPRIGHT(R) Multi-Position(TM) MRI to go into one of our Woodbury outpatient centers in the east metro area," said Robert Baumgartner, CEO of CDI. "Our ongoing collaboration with NWHSU follows our commitment to provide access to the most comprehensive imaging services for clinicians and patients to meet their unique imaging needs."

"At CDI, we're committed to providing patients the right exam at the right time with accurate results. The FONAR Open UPRIGHT(R) MRI scanner provides certain patients - claustrophobic patients, larger patients or those in need of a Positional MRI - access to the imaging exam needed to accurately diagnose a suspected condition and to guide their care," said William Mullin, M.D., a spine radiologist at CDI.

FONAR states that the ability of its new MRI technology to fully visualize all body parts, and particularly the spine, in fully weight-loaded Full Range of Motion(TM) positions, is a key new capability it brings to MRI. The positioning capability of the FONAR scanner permits the MRI operator, with the patient's cooperation, to position the patient in the actual position that engenders his/her symptoms, so that a picture can be taken of the patient's body part in the exact position that generates his/her symptoms.

Raymond V. Damadian, president and founder of FONAR said, "That a leading imaging company like CDI--one highly committed to quality diagnostic exams and patient care - would order a first FONAR UPRIGHT(R) MRI says a lot. Since the company ordered a second machine in such a short time span, it's even more indicative of how valuable they consider this technology. CDI has joined the ranks of multiple-unit purchasers of the UPRIGHT(R) MRI scanner, which is currently about one in three customers. This fact, too, says much about the way FONAR's customers think about us."

About CDI

Headquartered in Minneapolis, Center for Diagnostic Imaging (CDI) has been a leader in high-quality, cost-effective, outpatient radiology imaging services since 1981, and currently owns and operates 42 diagnostic imaging centers in eight states. CDI partners with hospitals and health systems by offering physician-led, outpatient radiology services, and the expertise of subspecialized radiologists who are focused on neurological, spine, musculoskeletal, body, and cardiovascular imaging. In addition, they perform advanced diagnostic injections and pain management procedures. For more information about CDI, visit: www.CDIradiology.com.

FONAR 2007 Highlights

2007 was a notable year. On June 11, The Intellectual Property Owners Education Foundation (IPOEF) celebrated FONAR president and founder Professor Raymond V. Damadian, M.D., as the 34th winner of the 'National Inventor of the Year Award' for the invention of the FONAR UPRIGHT(R) Multi-Position(TM) MRI. It was presented by The Honorable Congressman Howard L. Berman (D-Calif.), Chairman of the House Judiciary Subcommittee on Intellectual Property at the Caucus Room, Cannon House Office Building, Washington, D.C. Visit: http://www.fonar.com/news/061907.htm

On September 24, 2007, The Wall Street Journal announced in their print edition that FONAR has been named one of two runners-up for The Wall Street Journal Technology Innovation Award for 2007 for the FONAR UPRIGHT(R) Multi-Position(TM) MRI. Visit: http://www.fonar.com/news/092607.htm

On November 26, 2007, FONAR announced it had invented a radiation-free method to diagnose and monitor scoliosis treatment. The National Cancer Institute reported a study in 2000 of 5,466 women that demonstrated that women with scoliosis experienced a 70% greater risk of developing breast cancer that resulted from their protracted exposure to diagnostic X-rays. A radiation-free technology that can monitor the treatment success of childhood scoliosis without radiation is a much needed advance in diagnostic radiology. The patent-pending breakthrough utilizes new software and a new receiver coil developed for the unique FONAR UPRIGHT(R) Multi-Position(TM) MRI, which produces rapid pictures of the upright spine at costs for the patient comparable to X-ray. Visit: http://biz.yahoo.com/bw/071126/20071126005345.html?.v=1

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

The Inventor of MR Scanning(TM), Full Range of Motion(TM), pMRI(TM), Dynamic(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.

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: [phone]
www.fonar.com
[e-mail]

Copyright Business Wire 2008