Fonar Corp (FONR)

[ProfitScout]

FONAR Expands International Reach with Sale of UPRIGHT(R) MRI in Australia.

MELVILLE, N.Y., Apr 30, 2008 (BUSINESS WIRE) -- FONAR Corporation (NASDAQ:FONR), The Inventor of MR Scanning(TM), announced today expansion of its international reach with a sale of its unique UPRIGHT(R) Multi-Position(TM) MRI to a group medical practice in Australia.

Australia represents a large new market. Today, approximately 100 MRI scanners serve the 20 million people in The Commonwealth of Australia.

Raymond Damadian, president and founder of FONAR said, "We believe the sale in Australia is just one more indication of the enormous future of FONAR's UPRIGHT(R) patented technology. Many patients have come to the United States from Australia just to be scanned on the UPRIGHT(R) MRI. Physicians and patients realize that they need the unique advantages of this advanced weight-bearing multi-position technology. A scan performed while the patient is lying down simply doesn't allow physicians to see the patient's spine and other extremities in the positions the patient experiences pain.

"For instance, if a person's neck hurts only when he or she flexes," continued Dr. Damadian, "the problem cannot be properly diagnosed with an MRI when the patient is lying down and symptoms are absent. Indeed, a static, recumbent non-weight-bearing scan may not visualize any pathology at all. If the recumbent scan shows something, the physician still must know the full extent of the pathology when the patient flexes and extends his/her neck. This relative blindness of the surgeon's ability to visualize the complete dynamic behavior of the patient's problem in its full range-of-motion can lead to less than optimal surgical results. The FONAR UPRIGHT(R) Multi-Position(TM) MRI enables surgeons to achieve optimal surgical outcomes."

"The FONAR UPRIGHT(R) MRI also enables the ideal patient experience," Dr. Damadian concluded. "The patient walks into the MRI, sits down and watches a 42" flat screen TV as the scan is being performed."

FONAR expects to install the newly sold MRI during the current calendar year.

Be sure to visit FONAR's Website for product and investor information: http://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]
[e-mail]
http://www.fonar.com

Copyright Business Wire 2008

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