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FONAR Granted Additional NASDAQ
Extension
MELVILLE, NEW YORK, February 3, 2009 - FONAR Corporation (NASDAQ-FONR), The Inventor of MR Scanning™, today announced that the NASDAQ Listing Qualifications Panel ("NASDAQ Panel") has granted the Company's request for continued listing on The NASDAQ Capital Market, subject to the condition that, on or before April 6, 2009, the Company file a Current Report on Form 8-K with the Securities and Exchange Commission, evidencing the Company's compliance with the NASDAQ shareholders' equity requirement of $2.5 million, or demonstrating its compliance with one of the alternative listing criteria. While the Company is taking steps to comply with the terms of the NASDAQ Panel decision, there can be no assurance that the Company will be able to do so. # UPRIGHT® and STAND-UP® are registered trademarks and The Inventor of MR Scanning™, Full Range of Motion™, pMRI™, Dynamic™, Multi-Position™, True Flow™, The Proof is in the Picture™, Spondylography™ and Spondylometry™ 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. FONAR™ Corporation
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