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 INSTALLS 11TH STAND-UP MRI
Deer Park Installation Now 4th in New York

           MELVILLE, NEW YORK, November 4, 2002 - FONAR Corporation (NASDAQ-FONR), The MRI Specialist™, announced today it has installed its 11th Stand-Up™ MRI scanner on Long Island, New York. The new scanner is located approximately ten miles from Stand-Up(TM) MRI of Islandia, P.C., where the Company installed its first Stand-Up™ MRI in New York.
           The new scanner has been installed in Stand-Up™ MRI of Deer Park, P.C., [1118 Deer Park Ave., North Babylon, New York, (631) 243-3222]. Mr. Richard DeMaio, the site director at the new facility, said, "The South Shore of Long Island is a busy medical area. In fact, there are approximately 30 MRI scanners within a ten-mile radius. About half of them are the conventional Open MRIs, and the balance are high-field MRIs."
           Mr. DeMaio continued, "Although we have been marketing to the referring physician community for only a short time, it is apparent that there is tremendous interest in the Stand-Up™ MRI for several important reasons: First, the images are extraordinary. Second, it is the only high-field true Open MRI in the marketplace, with a near-zero rejection rate due to patient claustrophobia. Patients can actually watch a 42" flat screen TV while having their scans. Third, the Stand-Up™ MRI can scan patients in weight-bearing positions and any position requested by their referring physicians."
           Raymond Damadian, president and founder of FONAR, said, "We are delighted to see another Stand-Up™ MRI right here in our backyard. We have been asked why a customer would place a Stand-Up™ MRI in an area with so many competitors and with another Stand-Up™ MRI only ten miles away. There's a simple answer. The Stand-Up™ MRI is not just another MRI. It offers diagnostic capabilities that cannot be provided by any other MRI. The medical needs of Long Island, which is known for its high standards of healthcare, demand far more than just one Stand-Up™ MRI.
           FONAR's best selling scanner, the Stand-Up™ MRI is the only MRI scanner in the world that performs Position Imaging™ (pMRI™) or Upright Imaging™. Patients can be scanned in a multitude of positions, including standing, sitting, flexion, extension, rotation, and lateral bending, as well as the usual recumbent positions used in conventional "lie-down" MRI scanning. For the first time, patients can be scanned in weight-bearing positions and in their positions of symptoms or pain.

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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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