Source: BW
Date: 07:30 AM
MELVILLE, N.Y.--(BUSINESS WIRE)--Aug. 3, 2004--FONAR Corporation (NASDAQ-FONR) , The MRI Specialist(TM), announced today the sale of a Stand-Up(TM) MRI to Open
MRI of Puerto Rico, San Juan, Puerto Rico. In 1997, Open MRI of Puerto Rico
purchased a QUAD(TM) 7000 MRI 'Open' recumbent scanner from FONAR. (Visit their
Web site for a picture of the QUAD(TM) at www.openmriofpr.com/openmriofpr/
pagina3.html).
Oscar Crespo, M.D., the president and radiologist of Open MRI of Puerto Rico said, "The Stand-Up(TM) MRI has the best of all MRI worlds. First, it's clearly
the patient-preferred MRI. The vast majority of patients scanned in the Stand-
Up(TM) MRI are scanned in a seated position while watching a large-screen TV.
It's far more comfortable than conventional, lie-down MRIs, whether they're the
confining 'tunnel-type' MRIs or even Open MRIs. Unlike other MRI manufacturers
that ended up sacrificing magnetic field strength in order to build a roomier
and more patient-friendly scanner, FONAR successfully developed the most
comfortable MRI in the world while actually increasing magnetic field strength
to 0.6 Tesla, which is double the strength of earlier FONAR MRI models."
"At 0.6 Tesla," continued Dr. Crespo, "the FONAR Stand-Up(TM) MRI produces images of superb quality. With its unique ability to scan patients in upright,
weight-bearing positions, it provides important diagnostic information that is
impossible to obtain with any lie-down scanner. As an experienced MRI provider,
I view the Stand-Up(TM) MRI as a dream come true. I'm very proud to be
introducing this wonderful technology to the people of Puerto Rico."
Raymond Damadian, president and founder of FONAR said, "We are delighted that we have sold our first Stand-Up(TM) MRI to Puerto Rico and to an old friend, Dr.
Crespo. It is very satisfying when a former customer purchases another scanner
from us."
FONAR's Stand-Up(TM) MRI is the world's first and only MRI scanner that performs Upright(TM) and Position(TM) Imaging (pMRI(TM)), where the patient can
be scanned sitting, standing, bending, in flexion and extension, or in the
conventional recumbent position. Patients are often scanned in their position of
pain or symptom. This allows for the detection of pathology that could go
undiagnosed on conventional MRI scanners. Patients love the Stand-Up(TM) MRI,
especially those who have previously had an MRI scan and found them very noisy
and claustrophobic. The rejection rate by patients is nearly zero.
MRI Specialist, Stand-Up, Upright, Position, pMRI and The Proof is in the Picture are trademarks of FONAR.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's filings
with the Securities and Exchange Commission.
CONTACT: FONAR Corporation, Melville Daniel Culver or David B. Terry, 631-694-2929 Fax: 631-390-9540 www.fonar.com KEYWORD: NEW YORK INDUSTRY KEYWORD: MEDICAL DEVICES MEDICAL MARKETING AGREEMENTS SOURCE: Fonar Corporation
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