FONR...Patent on Cancer Detection.... Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : FONR...Patent on Cancer Detection....

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Hunter Vann who wrote ()	2/27/1997 11:35:00 AM
From: Jamey	of 560

READ IT! NEWS! Thursday February 27 10:04 AM EDT FONAR to apply for National Market System listing MELVILLE, N.Y.--(BUSINESS WIRE)--February 27, 1997--FONAR CORPORATION (NASDAQ, FONR) a leading manufacturer of MRI scanners headquartered in Melville, New York, reported today that it would apply to have its Common Stock listed on the NASDAQ National Market. The Company Common Stock is presently listed on the NASDAQ Small Cap Market. In a decision handed down Tuesday, February 25th, the U.S. Court of Appeals for the Federal Circuit affirmed the District Court's judgment of $68 million which includes prejudgment interest against General Electric Company for infringement of FONAR's Multi-Angle Oblique(TM)(MAO) imaging patent and further, reinstated the jury verdict of $35 million against General Electric Company for infringement of FONAR's original MRI patent. The total Appellate award is approximately $103 Million. The Company has similar patent litigation pending against Toshiba Corporation. The Company has amicably settled with several other companies including Siemens, Philips and Hitachi. Visit FONAR's Web site-http://www.fonar.com for information on FONAR's products and other Company information. 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 Phone: 516/ 694-2929 Fax: 516/249-3734 Internet address fonar.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next