FONAR Granted Additional NASDAQ Extension


MELVILLE, NY--(Marketwire - June 29, 2009) - FONAR Corporation (NASDAQ: FONR), the Inventor of MR Scanning®, today announced that the NASDAQ Listing and Hearing Review Council (the "Listing Council") has determined to continue the listing of the Company's securities on The NASDAQ Capital Market, subject to the condition that, on or before October 5, 2009, the Company evidence compliance with NASDAQ's net income requirement by evidencing a minimum of $500,000 in net income for the fiscal year ending June 30, 2009.

In a written decision to the Company on June 24, 2009, the Listing Council said, "... of significance to the Listing Council in making its determination are the substantial tangible steps made by the Company toward regaining compliance with Nasdaq's continued listing standards, which involved substantial cost-cutting and reorganization of the Company's business in a successful effort to become profitable. ... the Company has reported net income of over $700,000 for the last two fiscal quarters, has reported net income in excess of $1 million for the (first) nine months of the Company's current fiscal year (ending June 30, 2009)... . The Listing Council takes note that, but for the net income deficiency, the Company would be in compliance with Nasdaq's continued listing standards. Accordingly, the Listing Council is willing to grant a short extension of time ... to allow the Company to demonstrate compliance with the Capital Market continued listing standards."

Raymond Damadian, president and chairman of FONAR said, "It is important to remain on The NASDAQ Capital Market. As the Listing Council has recognized, we have made a substantial effort to demonstrate compliance. We believe that this is a big benefit to our shareholders and the Company in general."

For investor and other information visit: www.fonar.com.

UPRIGHT® and STAND-UP® are registered trademarks and The Inventor of MR Scanning™, Full Range of Motion™, pMRI™, Dynamic™, Multi-Position™, True Flow™, The Proof is in the Picture™, Spondylography™ Spondylometry™ and Upright Radiology™ 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.

Contact Information: Contact: Daniel Culver FONAR Corporation Tel: 631-694-2929 Fax: 631-390-1709 http://www.fonar.com