FONAR Request for NASDAQ Hearing Granted
MELVILLE,
NEW YORK, July 22, 2008 - FONAR Corporation (NASDAQ-FONR),
The Inventor of MR Scanning™ announced today that on July
15, 2008, it filed a request for a hearing with the NASDAQ Listing
Qualifications Panel. The request has been granted. FONAR will
request the continued listing of its securities based on FONAR
's plan to solicit proxies and hold the annual meeting. NASDAQ
has scheduled the hearing for late August. FONAR originally planned
to hold its annual meeting in June. It is anticipated that the
panel will render a decision within approximately 30 days after
the hearing.
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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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