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 : Fonar - Where is it going? -- Ignore unavailable to you. Want to Upgrade?

To: John R Resseger who wrote (8343)	1/27/1998 6:18:00 PM
From: Acunna_matata	Read Replies (1) \| Respond to of 19354

John, Will you watch the State of the Union? Personally I doubt it will be worth the skirt it was written on. Rumor has it that Al Gore is now only one orgasm away from being President. AM

To: John R Resseger who wrote (8343)	1/28/1998 6:47:00 AM
From: Linda Kaplan	Respond to of 19354

FONAR Physician Practice Management Subsidiary Announces New Acquisition MELVILLE, N.Y.--(BUSINESS WIRE)--Jan. 28, 1998--U.S. Health Management Corporation (HMC), a wholly-owned physician practice management (PPM) subsidiary of FONAR Corporation, announced today the acquisition of Central Health Care Services Management Company, LLC., a management service organization (MSO) and Tara Surgical Supply Corp., a durable medical equipment company. Both companies are located in Westchester County, New York. Central Health Care provides medical practices with management services including third-party payer contracting, billing and collections, office space, marketing, and physician credentialing for seven medical practitioners in the lower Westchester County area. Tara Surgical Supply Corp. supplies durable medical equipment to multi-specialists in the New York metropolitan area. The Company also announced that Mr. James Murphy has joined HMC as Director of MSO Operations. Mr. Murphy has successfully developed management service organizations (MSO's) for the past 6 years. According to Mr. Nick Canosa, HMC's executive director of business development, "I'm pleased to have a person with Jim's qualifications on board. He is experienced and has an excellent track record." Timothy Damadian, president and CEO of HMC, added, "Our formation of the management team and the Company's rate of growth are right in line with our business plan." Mr. Damadian continued, "We are pleased that all the physicians associated with these two new acquisitions are of the highest caliber and are well respected in the medical community. It's a pleasure to be working with them. With the addition of these practitioners, the total number of HMC-managed physicians is now 22. We expect an accompanying increase in HMC annual revenues of approximately $1.5 million." HMC is a fully-integrated physician practice management company specializing in orthopedics, neurology, primary care and radiology practices primarily in the New York and Florida markets. -0- Be sure to visit FONAR's Web site for Company product and investor information. www.fonar.com -0- 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 David Terry (919) 847-9535 (919) 676-8629 (fax)