MELVILLE, N.Y.--(BUSINESS WIRE)--FONAR Corporation (NASDAQ:FONR), announced today, that on December 19, 2006, FONAR (the “Company”) had received a Nasdaq Staff determination indicating that the Company still fails to comply with the minimum bid price requirement for continued listing set forth in Marketplace Rule 4310(c)(4), and that its securities are, therefore, subject to delisting from The Nasdaq Capital Market. The Company has requested a hearing before a Nasdaq Listing Qualifications Panel to review the Staff Determination. There can be no assurance the Panel will grant the Company’s request for continued listing.
