FONAR Reports Error in Reports Regarding Its Common Stock

MELVILLE, NY--(Marketwire - Nov 3, 2011) - FONAR Corporation (NASDAQ: FONR), The Inventor of MR Scanning™, announced today that any reports of a call or redemption of any shares of any class of FONAR's securities, including its common stock cusip no. 344437405, are false. FONAR and its transfer agent have received inquiries and/or reports from third parties concerning a call of its stock. FONAR's stock is not callable and there is no call being considered by FONAR. FONAR does not know where this erroneous information originated.