MELVILLE, NY--(Marketwire - November 18, 2008) - FONAR Corporation (NASDAQ: FONR), The Inventor of MR Scanning, announced today that it is not interested in entering into a merger or other agreement with Diversified Lending Group, Inc. whereby Diversified would acquire all of the stock of FONAR Corporation.

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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