American Shared Hospital Services Schedules Conference Call About Third Quarter 2000 Earnings.

Business Editors/Health & Medical Writers

SAN FRANCISCO--(BW HealthWire)--Oct. 12, 2000

American Shared Hospital Services (AMEX:AMS) (PCX:AMS) will host a telephone conference call on Thursday, October 19, 2000 at 3:00 p.m. Eastern time (12:00 noon Pacific time). American Shared is the world leader in providing Gamma Knife radiosurgery services.

During the call, Management will discuss the Company's financial results for third quarter 2000. The Company expects to issue a Press Release on Business Wire regarding the earnings the morning of Thursday, October 19.

Those interested can participate in the conference call either by telephone, which will permit listeners to ask questions, or at a listen-only Internet website.

To participate by telephone (with the ability to ask questions), call 888/868-9078, ten (10) minutes prior to the scheduled call time. (International callers dial 973/628-6885). Tell the operator that you wish to participate in the American Shared conference call. You will be placed on hold until the call begins.

The conference call will also be available over the Internet through Investor Broadcast Network's Vcall website located at www.vcall.com. To listen on the Internet, go to Vcall's website at least fifteen (15) minutes prior to the scheduled call time to register, download, and install any necessary software.

Those unable to hear the conference call at the scheduled time can hear a replay of the call, beginning a few hours after it ends. To hear the replay on the Internet go to Vcall's website at www.vcall.com. To access the replay by telephone, call 877/375-5156 (international callers dial 402/220-2669).

About the Gamma Knife

The Gamma Knife is a stereotactic radiosurgical device manufactured by Elekta AB of Sweden (Stockholm Stock Exchange:EKTA). The Gamma Knife treats certain brain tumors, vascular malformations and Trigeminal Neuralgia (facial pain) without invasive surgery. It uses three dimensional computer modeling to target a high dose of radiation at abnormal tissue. More than 135,000 patients worldwide already have been treated with Gamma Knife units.

About American Shared Hospital Services

American Shared Hospital Services is a medical services company with interests in radiosurgery services (through its 81% interest in GK Financing, LLC), Internet-based information services (MedLeader.com), and its program for The Operating Room for the 21st Centurysm. Headquarters are in San Francisco.

Safe Harbor Statement

This press release may be deemed to contain certain forward-looking statements with respect to the financial condition, results of operations and future plans of American Shared Hospital Services, which involve risks and uncertainties including, but not limited to, the risks of Internet-based information business, and the risks of the Gamma Knife business. Further information on potential factors that could affect the financial condition, results of operations and future plans of American Shared Hospital Services is included in the filings of the Company with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the year ended December 31, 1999, and its definitive Proxy Statement dated April 20, 2000 for the Annual Meeting of Shareholders held on May 19, 2000, and its Quarterly Reports on Form 10-Q for the periods ended March 31 and June 30, 2000.