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06/28/07 11:00 AM

#502 RE: ProfitScout #501

That award plus $5 will gewt a cup of coffee at Starbucks. Beyond that this is nothing as far as the common shareholders are concerned.

ProfitScout

07/05/07 11:39 AM

#503 RE: ProfitScout #501

FONAR UPRIGHT(TM) MRI Owner in U.K. Buys Second UPRIGHT(TM) Multi-Position(TM) MRI

MELVILLE, N.Y., Jul 05, 2007 (BUSINESS WIRE) -- FONAR Corporation (NASDAQ-FONR), The Inventor of MR Scanning(TM) reported today that London Upright MRI has purchased its second FONAR UPRIGHT(TM) Multi-Position(TM) MRI. The unit is expected to be placed in the United Kingdom, where there are already two UPRIGHT Multi-Position MRI scanners.
This sale adds to the eight Fonar UPRIGHT(TM) Multi-Position(TM) MRI scanners currently installed in Europe.

London Upright MRI Centre was founded by Dr. Edward Shelton. Dr. Shelton said, "We have been operating the London Upright MRI Centre for nearly a year and find it to be a very successful venture. We are currently the only UPRIGHT(TM) Multi-Position(TM) MRI in London and have decided to take advantage of this opportunity by beginning the process of placing a second into the United Kingdom."

Mr. St.John Brown, Managing Director of the London Upright MRI Centre, said, "Our Upright MRI has two unique advantages. The first one is the ability to image patients in a weight-bearing position. For spine patients and their physicians, being scanned in the UPRIGHT(TM) MRI is essential. Professor Francis W. Smith from the Center for Spinal Research at the University of Aberdeen, Scotland says that 'in just over 30% of the patients we find things that are not evident in the recumbent position, and these are findings that the surgeon must know about before commencing surgery.' Our findings agree with Dr. Smith's. We find that a patient's problem is often missed on a single-position recumbent MRI before coming to us."

"The second significant advantage of the Upright MRI scanner," Mr. St.John Brown continued, "is its extreme openness for claustrophobic and anxious patients. One patient, Ms. Sally Jones, a past World Champion at Womens' Real Tennis said, 'As I suffer from mild claustrophobia, the very thought of sliding into the narrow, enclosed aperture of an MRI scanner, brings on palpitations and panic.' After completion of her Upright MRI scan, she enthusiastically explained 'for once no sweat, no panic.' For more about the Sally Jones case, as reported in the Daily Mail, visit: www.uprightmri.co.uk/mail.html

Dr. Shelton continued, "London Upright MRI Centre is blessed to have such a magnificent scanner. Its no surprise to me that just last month, the FONAR UPRIGHT(TM) Multi-Position(TM) MRI was chosen for the 'National Inventor of the Year Award.'

About The London Upright MRI Centre

The London Upright MRI Centre is at Julia House, 44 Newman Street, in London, England W1T 1QD, close to Harley Street, the most famous medical address in England. The Web site is: www.uprightmri.co.uk/

About FONAR

The 2007 National Inventor of the Year Award was presented to president and founder Raymond Damadian, M.D., by the Intellectual Property Owners Education Foundation (www.ipoef.org) for the INVENTION of the FONAR UPRIGHT(TM) Multi-Position(TM) MRI (also known as the STAND-UP(TM) MRI). It's the world's only whole-body MRI that scans patients in numerous weight-bearing positions; i.e., standing, sitting, flexion, extension, and lateral bending, as well as the conventional lie-down position. An abundance of peer-reviewed literature reporting the essentiality of Upright Imaging for accurately diagnosing the human body can be found at: www.uprightmripublications.com and www.fonar.com/research_index.htm

With one half million patients scanned, the patient-friendly FONAR UPRIGHT(TM) Multi-Position(TM) MRI has a near zero claustrophobic rejection rate by patients. Approximately 85% of patients are scanned sitting while they watch a 42" flat screen TV. Another MRI, the FONAR 360(TM), is a room-size recumbent scanner that optimizes openness while facilitating physician access to the patient.

FONAR, which built and installed the world's first commercial MRI in 1980, is celebrating 30 years of technological leadership in the MRI industry. The FONAR legacy began in 1970 when company founder Raymond V. Damadian, M.D., discovered marked T1 and T2 signal differences between normal tissues and cancer tissues and between various kinds of normal tissues. His discovery of the MRI was patented in 1972 and subsequently protected by the U.S. Supreme Court in 1997. Thirty years ago on July 3, 1977, Dr. Damadian, along with the assistance of his two graduate students, Larry Minkoff, Ph.D. And Michael Goldsmith, Ph.D. achieved the world's first MRI image of a live human being on the world's first MRI scanner they built and named 'Indomitable.' Visit: www.fonar.com/history.htm

FONAR is headquartered on Long Island, New York, and has approximately 400 employees.

The Inventor of MR Scanning(TM), Full Range of Motion(TM), STAND-UP(TM), UPRIGHT(TM), pMRI(TM), Multi-Position(TM), True Flow(TM), and The Proof is in the Picture(TM) are 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
invest2007@fonar.com
http://www.fonar.com


Copyright Business Wire 2007