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 65TH STAND-UP MRI TO ILLINOIS
PHYSICIAN GROUP, THEIR THIRD, WITH MORE PLANNED IN 2004

          MELVILLE, NEW YORK, February 25, 2004 - FONAR Corporation (NASDAQ-FONR), The MRI Specialist™, announced today the sale of its 65th Stand-Up(TM) MRI scanner for installation in Elk Grove Village, Illinois. It is the third Stand-Up™ MRI purchase for the same core of physicians and investors that already purchased Stand-Up™ MRIs for Hazel Crest, Illinois (June 2003) and Sarasota, Florida, (December 2003). The group plans to purchase several more Stand-Up™ MRIs in 2004.
          Mr. Bear Roalsen, a key spokesman for the group, said, "We have a great deal of experience in the orthopedic surgery business, and we've carefully researched FONAR's Stand-Up™ MRI. The unique and clear-cut advantages of the Stand-Up™ MRI over conventional MRI scanners has lead us to adopt an aggressive business plan. We are so convinced of this product that we have gone ahead and purchased two more Stand-Up™ MRI scanners even before we've begun to install the first. We believe that when patients and physicians learn of the benefits of Upright™ Imaging, they will want to try it."
          "Upright™ Imaging," continued Mr. Roalsen, "provides physicians information, sometimes critical information, about their patients that no other modality can provide. Upright™ Imaging is not a novelty, it's a necessity. We are looking forward to bringing this exciting technology to the people of the greater Chicago area."
          David Tulsiak, M.D., medical director for the group said, "Magnetic Resonance Imaging (MRI) has been a
marvelous technology, capable of visualizing soft tissue in extraordinary detail. However, with the advent of Upright™ Imaging (pMRI™), it has been discovered that recumbent-only MRI scans often miss detecting causes of back pain. Since approximately 50% of all MRI scans are of the spine, the Stand-Up™ MRI has a huge diagnostic, and therefore competitive, advantage over recumbent-only MRI scanners."
          Mr. Roalsen continued, "Many have argued that while Open MRI technology did much to improve patient comfort, it was lacking in diagnostic ability. The FONAR Stand-Up™ MRI, however, is the first MRI scanner to excel in both categories. It is by far the most patient-friendly MRI and its unique ability to do upright, weight bearing, and Position™ Imaging makes it the most unique and versatile diagnostic MRI scanner on the market."
          Dr. Tulsiak concluded, "Granted, standard `supercon' MRI is fine for a patient who is of average age, size and disposition and who needs only a brain or abdomen scan. But if the patient is elderly, pre-adolescent, claustrophobic, or in need of a spine or extremity scan, then the FONAR Stand-Up™ MRI is clearly the best choice, hands down."
          David Terry, Senior Vice President and Corporate Secretary at FONAR, said, "It is most gratifying to see this group purchase their third Stand-Up™ MRI. Based on years of experience and success, they have put together a well thought-out business plan for bringing FONAR Upright™ Imaging technology to many areas of the country. We look forward to working with them and wish them great success."

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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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FONAR™ Corporation
110 Marcus Drive
Melville, N.Y. 11747
Tel. 631-694-2929
Fax. 631-753-5150
Email sales@FONAR.com
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