FONAR SELECTS THE ANNE McBRIDE
COMPANY
TO PERFORM INVESTOR AND PUBLIC RELATIONS
MELVILLE,
NEW YORK, September 8, 2004 - FONAR Corporation (NASDAQ-FONR),
The MRI Specialist™, announced today that it has retained
The Anne McBride Company, Inc. to provide strategic investor
relations and public relations counsel.
Raymond
Damadian, president and founder of FONAR said, "We have
reached the time to proactively and accurately share FONAR's
story with the US capital market. We have chosen The Anne McBride
Company to communicate our market opportunities, growth drivers,
and business strategy to a larger and more diverse group of
investment professionals and media. It was critical for us to
choose a firm that could provide senior level counsel of the
highest caliber, with expertise in reaching all of our key audiences."
"We
are excited to work with FONAR," stated Anne McBride, Chairman
and CEO of The Anne McBride Company. "We are looking forward
to working with the management team to develop a focused communications
program to target their investors, customers and the public
in general and build its brand in the competitive and continually
growing medical device industry. Having worked closely with
many successful small-cap companies, we are confident that we
will increase liquidity and expand their shareholder base, especially
to the institutional market."
About FONAR
FONAR was incorporated in 1978, making it the first, oldest
and most experienced MR manufacturer in the industry. FONAR
introduced the world's first commercial MRI (a whole-body MRI
scanner) in 1980, and went public in 1981. Headquartered on
Long Island, New York, with over 500 employees, FONAR has installed
about 300 MRI scanners worldwide. The Company's stellar product
line includes the Upright™ Stand-Up™ MRI, the only
whole-body MRI that can image the patient in upright and numerous
weight-bearing positions as well as perform Position Imaging™
(pMRI™). With over 100,000 patients scanned, the patient-friendly
Stand Up™ MRI has a near zero claustrophobic rejection
rate by patients. Approximately 85% of patients are scanned
sitting while the patient watches a 42" flat screen TV.
Its versatile patient bed allows the patient to be scanned lying
down, standing, as well as in the flexion and extension positions.
FONAR's other product, the FONAR 360™, is a room-size
recumbent scanner that optomizes openness while facilitating
physician access to the patient.
About The Anne McBride Company
Established since 1992, The Anne McBride Company is a full
service financial communications and strategic consulting firm
based in New York. It offers clients corporate communications,
financial media, and strategic and analytical expertise. The
Company has developed a unique teamwork approach to assist companies
in enhancing shareholder value. The Anne McBride Company has
five global offices and services clients in 25 countries.
For more information, visit: www.annemcbride.com