MELVILLE, N.Y.--(BUSINESS WIRE)--June 23, 2006--FONAR Corporation (NASDAQ: FONR - News), The Inventor of MR Scanning(TM), today announced that, as expected, it received a written notification from The Nasdaq Stock Market (Nasdaq) on June 21, 2006 regarding its listing on the NASDAQ Capital Market. The letter states that the Company will now be provided an additional 180 calendar day compliance period to regain compliance with the minimum bid price requirement.
