Fonar - Where is it going? Message Board

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Microcap & Penny Stocks : Fonar - Where is it going?

FONR 15.18

+3.1%

11:01 AM EST

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To: daveG who wrote (10821)	8/14/1998 12:14:00 PM
From: Glenn Olsen	Read Replies (1) of 19354

Dave Gosh check the 12/31/94 filing. 3 1/2 years ago. . The Company is progressing toward the completion of its "Quad 12000" and "Quad 7000" MRI scanners, which together with other research and development projects is intended to significantly improve the Company's competitive position. The Company expects to commence sales of its "Quad" scanners in fiscal 1995. This scanner will be a highly competitive and totally new high field non-claustrophobic scanner not available in today's MRI market. The Company expects vigorous sales from this new product. The exceptional versatility and productivity of MRI technology creates the impetus for new uses. As a result, dramatic new features are developed and sold to the Company's customer base thereby extending the useful life of their equipment, avoiding obsolescence and minimizing capital expenditures. Upgrades consist of hardware, software and pulse sequences designed to maximize throughput while maintaining image quality and patient comfort. This income resource is considered to be a major asset of the company. Accordingly, during the current fiscal year, the Company has continued the program for upgrading previously installed scanners. In conjunction with this program, significant research and development programs have been continued, which emphasize the development of new features for the Company's scanner upgrade program. More specifically, products derived from the Company's new "Quad" and "Ultimate" scanners are expected to generate substantial upgrade revenue as customers upgrade their existing scanners to take advantage of the improved image quality and high speed image processing capabilities. Products derived from the Company's "Ultimate MR" scanner product line are expected to generate significant revenue in fiscal 1995. The Ultimate MR scanner provides improved image quality and high speed imaging at costs that are significantly less than the competition and more in keeping with the medical cost reduction demands being made by our national leaders on behalf of the public.

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