FONAR Announces Three
(3) New Sales of its Unique UPRIGHT® Multi-Position MRI
MELVILLE,
NEW YORK, November 20, 2007 - FONAR Corporation (NASDAQ-FONR),
The
Inventor of MR Scanning, announced three new sales of its
unique UPRIGHT® Multi-Position MRI, continuing the
growing sales momentum of the UPRIGHT® MRI. Just a month
ago, FONAR announced the sale of 6 UPRIGHT® MRIs to one customer,
Health Diagnostics of New York. Since then FONAR announced another
sale
in Europe. The three most recent sales bring the number of FONAR
UPRIGHT® Multi-Position MRI units sold to 164.
Confirming
the groundbreaking benefits of the FONAR UPRIGHT® Multi-Position MRI,
many customers who buy it become repeat customers. Of 86 customers
27 have now purchased a second, third, fourth or greater
number of UPRIGHT® MRI scanners. One of the three (3) sales
was to a repeat customer in Florida. The other two (2) are new.
One of the three states in which the recent sales occurred requires a Certificate
of Public Need (COPN). It was issued by the Commonwealth of Virginia Department
of Health.
Raymond Damadian,
M.D., president and founder of FONAR said, "I am very pleased with the current
sales momentum and expect it to continue increasing. The key to our success is
the medical power of FONAR's new technology and how well we take care of our
customers.
"The three
new sales underscore the medical necessity of FONAR's UPRIGHT® Multi-PositionMRI for evaluating back pain. This unique advantage was underscored by the just-released
publication of UCLA's study of more than 1,000 patients. The Study compared dynamic
Upright MRI with static Upright MRI, revealing a dramatic average "miss
rate" of static MRI of over 18%. (The Spine Journal 7(2007) 1S-163S, October
23-27, 2007, Austin, Texas).
"I believe
surgeons, radiologists and other healthcare practitioners are becoming increasingly
aware of the outstanding benefits of the FONAR UPRIGHT® Multi-Position MRI," continued
Dr. Damadian. "The UCLA data make it obvious to the
surgeon that the UPRIGHT® Multi-Position Dynamic MRI image, which
doesn't "miss" pathology,
is the key to first rate outcomes from surgery."
Next week, from
November 25 - 29, FONAR will attend the 93rd meeting of the Radiological Society
of North American in Chicago. This event, which is the largest medical meeting
in North America, can be expected to have 60,000 attendees. "With all the
FONAR sales momentum underway, we are looking forward to an "Upright Dynamic" RSNA
2007," Dr. Damadian said.
#
The Inventor of MR Scanning, Full
Range of Motion, pMRI, Dynamic, Multi-Position,
True Flow and The Proof is in the Picture are
trademarks and UPRIGHT® and
STAND-UP® are
registered 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.
###
FONAR Corporation
110 Marcus Drive
Melville, N.Y. 11747
Tel. 631-694-2929
Fax. 631-390-9540
Email sales@FONAR.com
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