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

To: Patricia L. Clews who wrote (9784)	5/22/1998 4:25:00 PM
From: BlueCheap	Read Replies (1) \| Respond to of 19354

TO ALL: FACT SHEET ON DIVIDENDS FONAR Investor News FONAR CORPORATION 110 Marcus Dr. Melville, New York 11742-4292 Phone: 516/694-2929; Fax: 516/249-3734 FOR RELEASE: Immediately CONTACT: David Terry PHONE: (919) 847-9535 FAX: (919) 676-8629 E-MAIL investor@fonar.com; FonarDT@aol.com FACT SHEET ON DIVIDENDS May 22, 1998 1) FONAR made an announcement regarding cash dividends on May 11, 1998. The cash dividends to both classes of stock were explained in the announcement. 2) In addition to the cash dividends, there was also a stock dividend to those who owned the common Class A stock, NASDAQ/FONR (Common) on Oct. 20, 1995. 3) Cash dividends will also be paid to the new Common shares. 4) The Company issued Non-voting Preferred Class A stock (Preferred) to shareholders of record of the Common of Oct. 20, 1995, at a ratio of 1 Preferred given for every 5 shares of Common. The Preferred stock is not registered by the SEC for trading at this time and the financial markets do not post a price. 5) The amount of the stock dividend to be distributed may be approximated by multiplying the number of their Preferred shares times 0.24 or the number of their Common shares owned on October 20, 1995 times 0.048. 6) On April 13, 1998, the Common stock dividend was sent out by FONAR's transfer agent American Securities Transfer & Trust, Inc. (AST) to the Oct. 20, 1995 shareholders of record. Shareholders either hold their own certificate or it's held for them in `street name'. 7) If on October 20, 1995, you held your Common shares in your own certificate then the new stock was sent to your listed address. If you had any address or name change since you purchased your Common then AST may not have your correct information and you may have to contact them at (303) 234-5300. 8) If on October 20, 1995, your Common stock was held in street name then the newly distributed dividend Common stock will be sent to your broker or other party in whose name the shares are registered, such as a clearing house. If the shares are held by a clearing house, they will assign the shares to the brokers who will advise their customers. If it doesn't show up on your periodic statement, call your brokers. 9) It may take several weeks before your broker/security dealer has information on your stock and cash dividends. 10) The dividend payments result from the successful enforcement of the Company's patents. Additional dividend payments are expected as they accrue. 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.. ###