Contact Information: Contact: Daniel Culver FONAR Corporation Tel: 631-694-2929 Fax: 631-390-1709 http://www.fonar.com
FONAR Granted Additional NASDAQ Extension
| Source: Fonar Corporation
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.