FONAR Sells Second FONAR UPRIGHT® Multi-Position™ MRI
to Center for Diagnostic Imaging (CDI)
MELVILLE,
NEW YORK, January 15, 2008 - FONAR Corporation (NASDAQ-FONR),
The Inventor of MR Scanning, announced today that Center
for Diagnostic Imaging (CDI) of Minneapolis, Minnesota,
has purchased a second FONAR UPRIGHT® Multi-Position™ MRI just
six months after installing its first.
The
sale was placed jointly with General Electric
Healthcare (GEHC),
a manufacturer’s representative of FONAR (visit: www.gehealthcare.com/usen/mr/fonar_standing_ovation/index.html).
CDI was one of the first outpatient imaging providers in the
United States. Founded by Spine Radiologist Kenneth B. Heithoff,
M.D., the company currently owns and operates 42 diagnostic
imaging centers in eight states, including Minnesota, Wisconsin,
Illinois, Indiana, Kansas, Missouri, Washington, and Florida.
CDI’s
second FONAR UPRIGHT® Multi-Position™ MRI was again
purchased in partnership with the Northwestern College of Chiropractic
(Northwest Health Science University) (NWHSU). The first UPRIGHT® MRI
scanner was installed at a CDI Minneapolis outpatient center
in the west metro suburb, St. Louis Park, in June 2007.
“We’ve
purchased a second FONAR UPRIGHT® Multi-Position™ MRI to go into one of our Woodbury outpatient centers in the east
metro area,” said Robert Baumgartner, CEO of CDI. “Our
ongoing collaboration with NWHSU follows our commitment to
provide access to the most comprehensive imaging services for
clinicians and patients to meet their unique imaging needs.”
“At CDI, we’re
committed to providing patients the right exam at the right time with accurate
results. The FONAR Open UPRIGHT® MRI scanner provides certain patients – claustrophobic
patients, larger patients or those in need of a Positional MRI – access
to the imaging exam needed to accurately diagnose a suspected condition and to
guide their care,” said William Mullin, M.D., a spine radiologist at CDI.
FONAR states that
the ability of its new MRI technology to fully visualize all body parts, and
particularly the spine, in fully weight-loaded Full Range of Motion™ positions,
is a key new capability it brings to MRI. The positioning capability of the FONAR
scanner permits the MRI operator, with the patient's cooperation, to position
the patient in the actual position that engenders his/her symptoms, so that a
picture can be taken of the patient’s body part in the exact position that
generates his/her symptoms.
Raymond V. Damadian,
president and founder of FONAR said, “That a leading imaging company like
CDI—one highly committed to quality diagnostic exams and patient care – would
order a first FONAR UPRIGHT® MRI says a lot. Since the company ordered a
second machine in such a short time span, it’s even more indicative of
how valuable they consider this technology. CDI has joined
the ranks of multiple-unit
purchasers of the UPRIGHT® MRI scanner, which is currently about one in three
customers. This fact, too, says much about the way FONAR’s customers think
about us.”
About CDI
Headquartered in Minneapolis, Center for Diagnostic Imaging
(CDI) has been a leader in high-quality, cost-effective, outpatient
radiology imaging services since 1981, and currently owns
and operates 42 diagnostic imaging centers in eight states.
CDI partners with hospitals and health systems by offering
physician-led, outpatient radiology services, and the expertise
of subspecialized radiologists who are focused on neurological,
spine, musculoskeletal, body, and cardiovascular imaging.
In addition, they perform advanced diagnostic injections and
pain management procedures. For more information about CDI,
visit: www.CDIradiology.com.
FONAR 2007 Highlights
2007 was a notable year.
On June 11, The Intellectual Property Owners Education Foundation
(IPOEF) celebrated FONAR president
and founder Professor Raymond V. Damadian, M.D., as the 34th
winner of the ‘National Inventor of the Year Award’ for
the invention of the FONAR UPRIGHT® Multi-Position™ MRI.
It was presented by The Honorable Congressman Howard L. Berman
(D-Calif.), Chairman of the House Judiciary Subcommittee on
Intellectual Property at the Caucus Room, Cannon House Office
Building, Washington, D.C. Visit: http://www.fonar.com/news/061907.htm
On September 24, 2007, The Wall Street Journal announced in
their print edition that FONAR has been named one of two runners-up
for The Wall Street Journal Technology
Innovation Award for 2007 for the FONAR UPRIGHT® Multi-Position™ MRI. Visit:
http://www.fonar.com/news/092607.htm
On November 26, 2007, FONAR announced it had invented a radiation-free
method to diagnose and monitor scoliosis treatment. The National
Cancer Institute reported a study in 2000 of 5,466 women that
demonstrated that women with scoliosis experienced a 70% greater
risk of developing breast cancer that resulted from their protracted
exposure to diagnostic X-rays. A radiation-free technology that
can monitor the treatment success of childhood scoliosis without
radiation is a much needed advance in diagnostic radiology.
The patent-pending breakthrough utilizes new software and a
new receiver coil developed for the unique FONAR UPRIGHT® Multi-Position™ MRI,
which produces rapid pictures of the upright spine at costs
for the patient comparable to X-ray.
Visit: http://biz.yahoo.com/bw/071126/20071126005345.html?.v=1
#
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.
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