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

To: FRANK ROSSI who wrote (19267)	10/8/2004 10:32:35 AM
From: matt dillabough	Read Replies (1) \| Respond to of 19354

FONAR Sells Upright MRI to Radiology & Imaging Specialists in Lakeland, Florida; Company Sells 13th Upright MR Source: BW Date: 08:30 AM 10/08 08:30 FONAR Sells Upright MRI to Radiology & Imaging Specialists in Lakeland, Florida; Company Sells 13th Upright MRI in Florida MELVILLE, N.Y.--(BUSINESS WIRE)--Oct. 8, 2004--FONAR Corporation (Nasdaq:FONR) , the MRI Specialist(TM), today announced the sale of an Upright(TM) MRI to Radiology & Imaging Specialists, a multi-modality radiology center located in Lakeland, Florida. Roger Harriage, M.D., a board-certified radiologist and President of Radiology & Imaging Specialists, commented: "We chose the FONAR Upright(TM) MRI scanner because it offers a unique ability to evaluate the spine in multiple positions. This allows us to evaluate the spine with patients doing everyday activities such as standing and bending. Other scanners are only able to image patients lying on their backs. The Upright(TM) MRI is also able to accommodate larger patients than conventional scanners. Finally, the issue of claustrophobia is eliminated. With the FONAR Upright(TM) MRI, the patient is able to watch a 42- inch wide screen TV while being evaluated." Radiology & Imaging Specialists serves the community in and around Lakeland, FL, in five centers, including a dedicated Women's Center. Dr. Harriage further commented on the purchase of the new Upright(TM) MRI: "I would like to add that we believe that FONAR is on the cutting edge of technology and we would like to be the first to provide our community with this advanced technology." Earlier this quarter the Company changed the name of the FONAR Stand-Up(TM) MRI to the FONAR Upright(TM) MRI. Since the medical community has recognized the importance of upright imaging, this name change will enhance the Company's sales and marketing initiatives by creating solid brand awareness. About Radiology & Imaging Specialists Radiology & Imaging Specialists is a 20 radiologist, multi-modality medical imaging center that provides CT, ultrasound, nuclear medicine, and PET. The MRIs currently operated by Radiology & Imaging Specialists include 3 recumbent-only scanners, a 0.6 Tesla Open MRI, a 2.0 Tesla MRI and 0.7 Tesla MRI. About FONAR Corporation FONAR Corporation, the MRI Specialist(TM), is the world's leading developer and manufacturer of MRI scanners. In 1980, FONAR revolutionized diagnostic imaging through the introduction of the world's first commercial MRI scanner. Most recently FONAR has revolutionized diagnostic imaging with its Upright(TM) MRI, the world's first MRI that performs Upright(TM) and Position(TM) Imaging. MRI Specialist, Stand-Up, Upright, Position, pMRI and The Proof is in the Picture 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 filings with the Securities and Exchange Commission. CONTACT: FONAR Corporation, Melville Daniel Culver or David B. Terry Tel: 631-694-2929 Fax: 631-390-9540 www.fonar.com Brandi Piacente, 212-983-1702 x208 bpiacente@AnneMcBride.com KEYWORD: FLORIDA NEW YORK INDUSTRY KEYWORD: MEDICAL DEVICES MEDICAL PRODUCT SOURCE: FONAR CorporationCopyright Business Wire 2004 (END)