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Microcap & Penny Stocks : Fonar - Where is it going? -- Ignore unavailable to you. Want to Upgrade?

To: swoboda4 who wrote (18767)	8/12/2003 1:05:31 AM
From: David C. Burns	Respond to of 19354

FONAR Sells 55th Stand-Up MRI to Repeat Customer; Sales Increase as Advantages of the Stand-Up MRI are Recognized MELVILLE, N.Y.--(BUSINESS WIRE)--Aug. 12, 2003--FONAR Corporation (NASDAQ-FONR), The MRI Specialist(tm), announced today the sale of its 55th FONAR Stand-Up(tm) MRI scanner, the Company's whole-body Upright(tm) imaging system. It is the third Stand-Up(tm) MRI purchased by an independent physician group located in the Mid-South. Raymond Damadian, president and founder of FONAR, said, "We, of course, are very pleased with yet another sale. Allow me to comment on what I feel are the primary reasons for the success of the Stand-Up(tm) MRI. First, physicians are beginning to appreciate the fact that the Stand-Up(tm) MRI sees pathology that cannot be seen any other way. The Stand-Up(tm) MRI and its Upright(tm) imaging capability enables physicians to treat their patients more effectively because they can see the COMPLETE PICTURE." "Second," added Dr. Damadian, "is the Stand-Up(tm) MRI's enormous appeal to patients. Patients look for two things when they are told they need an MRI - an accurate result and a positive experience. The Stand-Up(tm) MRI delivers on both counts better than other scanners. When patients learn that the Stand-Up(tm) MRI allows them to sit and watch TV throughout their scans, as opposed to being confined in a claustrophobic tunnel, they are much more apt to make their preferences known to their attending doctors." "The interesting thing about the Stand-Up(tm) MRI," continued Dr. Damadian, "is that people from all walks of life recognize its advantages. They grasp how it can be diagnostically superior; they are keenly aware of its benefits over the alternatives; and they are certain that given the choice they would choose the Stand-Up(tm) MRI rather than recumbent imaging because of the medical benefits of Upright(tm) imaging and patient comfort." The Stand-Up(tm) MRI, FONAR's Upright(tm) imaging system, is the world's only whole-body MRI scanner with the ability to perform Position Imaging (tm) (pMRI(tm)), i.e. patients can be scanned standing, sitting, bending or lying down. With its unique ability to scan patients in weight-bearing postures, the FONAR Stand-Up(tm) MRI has identified pathology that had gone undetected on conventional, lie-down MRI scanners. Because of its unique geometric design, the FONAR Stand-Up(tm) MRI is remarkably spacious and non-claustrophobic. There is nothing in front of the patients' faces or over their heads to create a "closed-in" feeling. Patients typically sit comfortably watching a 42 inch TV throughout the scanning procedure. MRI Specialist, Stand-Up, Upright, Position Imaging and PMRI are trademarks of FONAR Corporation. 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 Daniel Culver David Terry Phone: 631/694-2929 Fax: 631/390-9540 FONARinvestor@fonar.com SOURCE: FONAR