Silicon Investor (SI) -- The First Internet Community

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 : Rat dog micro-cap picks... -- Ignore unavailable to you. Want to Upgrade?

To: Bucky Katt who wrote (8986)	8/13/2002 6:09:40 AM
From: BlueCheap	Read Replies (2) \| Respond to of 48461

FONAR (FONR) Sells 28th Stand-Up MRI; California Radiology Group Buys 3rd Unit MELVILLE, N.Y., Aug 13, 2002 (BW HealthWire) -- FONAR Corporation (NASDAQ-FONR), The MRI Specialist(TM), announced today that Truview Radiology, the first radiology group in the state of California to purchase a Stand-Up MRI(TM), has purchased its third unit, bringing the total number of FONAR Stand-Up MRI(TM) sales to 28. The group's first Stand-Up MRI(TM) opened for business in Bellflower, California last month. The group plans to purchase a total of five Stand-Up MRI(TM)s, creating a network of upright MRI scanning facilities in the state of California. Raymond V. Damadian, president and founder of FONAR, said, "Repeat sales of the Stand-Up MRI(TM) are very potent endorsements of this unique product. You see, once a Stand-Up MRI(TM) is installed and promoted in a community, patients and referring physicians immediately recognize its unique advantages. As a result, patient volume grows quickly, encouraging the buyer to consider additional purchases. We now have three multiple-purchase customers. I expect there will be more." Dr. Damadian continued, "The Stand-Up MRI(TM) provides referring physicians with information that is unattainable from any conventional recumbent MRI scanner. The ability to evaluate a patient's problem more thoroughly than with any recumbent MRI gives the owner of a Stand-Up MRI(TM) a substantial competitive edge. Only the Stand-Up MRI(TM) can scan patients in weight-bearing positions and in their positions of pain or symptoms, including standing, sitting, bending or lying down." "At the same time," added Dr. Damadian, "the Stand-Up MRI(TM)'s unique design, where there is nothing in front of the patient's face but a TV, makes it the only true Open MRI. Patients love the fact that they can sit comfortably and watch their favorite TV programs throughout their scans." A spokesman from the Bellflower facility reports that responses from patients and referring physicians have been very positive, and that the facility is already meeting its patient volume projections. Truview Radiology of Bellflower is located at 9500 Artesia Blvd., Bellflower CA ((562) 804-8687). 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 Daniel Culver David Terry PHONE: 631/694-2929 FAX: 631/390-9540 E-MAIL: FONARinvestor@fonar.com