N@N

Fonar Corporation: FONAR Granted Additional NASDAQ Extension

^{Published on 2009-02-03 05:00:47, Last Modified on 2009-02-03 05:01:16 - Market Wire}
 

MELVILLE, NY--(Marketwire - 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™, Multi-Position™, The Proof is in the Picture™, Full Range of Motion™, pMRI™, Dynamic™, True Flow™, 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.