CEO says company to be profitable in fiscal 2008. That would be miles above where it currently is. One of two things will happen. Either CEO's forecast will be right or he will be sued for making faulty statements, as this was written as a press release. FONAR Corporation engages in the design, manufacture, sale, and service of magnetic resonance imaging (MRI) scanners for the detection and diagnosis of human diseases worldwide. It provides Stand-Up/Upright MRI scanners, which allows patients to be scanned in a weight-bearing condition, such as standing, sitting, or bending in any position that causes symptoms; and FONAR 360 MRI scanner, a diagnostic scanner. The company also provides management services, including development; administration; leasing of office space, facilities, and medical equipment; provision of supplies; staffing and supervision of non-medical personnel; legal services; accounting, billing, and collection; and the development and implementation of practice growth and marketing strategies. FONAR serves private scanning centers and hospitals worldwide. The company was founded in 1978 and is headquartered in Melville, New York.