Fonar Press Releases

For Immediate Release

The MRI Specialist™

An ISO 9001 Company

Contact: David B.Terry, V.P., Secretary

110 Marcus Drive

Daniel Culver, Director of Communications

Melville, NY 11747-4292

 

Phone: (631) 694-2929

Visit our Web site - www.fonar.com

Fax: (631) 390-9540


FONAR SELLS 63RD STAND-UP MRI TO BE SHOWCASE SCANNER AT
NEW STATE-OF-THE-ART RADIOLOGY CENTER

3rd Purchase for Rose Radiology in Metro Tampa, Florida

          MELVILLE, NEW YORK, January 26, 2004 - FONAR Corporation (NASDAQ-FONR), The MRI Specialist™, announced today that Rose Radiology has purchased its third FONAR Stand-Up(TM) MRI for the metro- Tampa area, bringing FONAR's total number of Stand-Up™ MRI sales to 63. The Stand-Up™ MRI will be the centerpiece of Rose Radiology of Sarasota, a state-of-the-art radiology facility located in a new medical office park in Sarasota, Florida. The facility will include 16-slice CT, X-ray, mammography, PET, C-arm fluroscopy and ultrasound.
          Rose Radiology Centers is owned by Manuel S. Rose, M.D., a highly regarded, board-certified diagnostic radiologist in the Tampa area. Rose Radiology's first Stand-Up™ MRI, the first in Florida, is operating in Palm Harbor; the second is in nearby Brandon.
          Dr. Rose said, "The new Sarasota center will be the most advanced radiology center on the West Coast of Florida, with the Stand-Up™ MRI its most revolutionary component. I'm a strong advocate of the FONAR Stand-Up MRI because it's the only MRI scanner on the market that allows for the evaluation of the spine under normal, weight-bearing positions as well as in positions of flexion and extension. We have high-field recumbent MRIs, but when it comes to the spine, we rely heavily on the Stand-Up™ MRI. In fact, we've diagnosed spinal pathology on the Stand-Up™ MRI that was mis- characterized or missed entirely on conventional, recumbent MRIs. Our referring physicians appreciate the unique abilities of the Stand-Up™ MRI because they naturally want the most accurate diagnosis of their patients' problems. As far as I'm concerned, the Stand-Up™ MRI is an absolute necessity for spine work. Approximately 60% of our MRI business is spine studies, so the Stand Up™ MRI is an extremely important part of my practice."
          "As far as the patients are concerned," continued Dr. Rose, "they overwhelmingly prefer the Stand-Up™ MRI to any others. It's very comfortable and uncommonly quiet. In fact, 85% of our patients sit and watch TV for the duration of their scans. Patients rarely suffers any anxiety due to claustrophobia. I rate the Stand-Up MRI the best Open MRI in the industry."

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MRI Specialist, Stand-Up, Upright, Position Imaging and PMRI are trademarks of FONAR Corporation.

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.
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