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American Shared Hospital Services` 11th Gamma Knife Center Opens At Central Mississippi Medical Center (Business Wire)...CMMC is American Shared`s second Gamma Knife unit for non-invasive brain surgery procedures to open in 2001.......The Gamma Knife treats certain malignant and benign brain tumors, vascular malformations and trigeminal neuralgia without invasive surgery....- May 03 5:00 AM ET


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Posted on: 05/03/2001

"Yahoo - American Shared Hospital Services' 11th Gamma Knife Center Opens At Central Mississippi Medical Center"
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Thursday May 3, 5:00 am Eastern Time

Press Release

American Shared Hospital Services' 11th Gamma Knife Center Opens At Central Mississippi Medical Center

SAN FRANCISCO--(BW HealthWire)--May 3, 2001--AMERICAN SHARED HOSPITAL SERVICES (AMEX:AMS - news; PCX:AMS), the leading provider of Gamma Knife radiosurgery services, announced today that its 11th Gamma Knife unit opened and patient treatments began this week at Central Mississippi Medical Center in Jackson, Miss. ("CMMC"), an affiliate of Health Management Associates, Inc. (NYSE:HMA - news).

CMMC is American Shared's second Gamma Knife unit for non-invasive brain surgery procedures to open in 2001. The Company expects to open an additional unit later this month.

Commenting on the opening, Craig K. Tagawa, chief operating and financial officer of American Shared, said, "The Gamma Knife team at CMMC is now using the first Gamma Knife in the State of Mississippi. We are pleased that American Shared played a role in bringing this proven technology to a leading regional medical center."

Jay Finnegan, chief executive officer of CMMC, said, "We are very pleased to offer this technology to Mississippians with brain abnormalities who were formerly faced with invasive surgery but now have the option of brain surgery without the knife. Bringing the state's only Gamma Knife to our facility has involved efforts of many people and organizations including GK Financing and neurosurgeons from a number of institutions including the University of Mississippi Medical Center."

About the Gamma Knife

The Gamma Knife is a stereotactic radiosurgical device manufactured by Elekta AB of Sweden (Stockholm Stock Exchange: ETKA). The Gamma Knife treats certain malignant and benign brain tumors, vascular malformations and trigeminal neuralgia without invasive surgery. It uses three dimensional computer modeling to target a high dose of radiation at abnormal tissue. More than 150,000 patients worldwide already have been treated with Gamma Knife units.

About American Shared Hospital Services (www.ashs.com)

American Shared Hospital Services (AMEX,PCX:AMS) is a medical services company, with interests in radiosurgery services (through its 81% interest in GK Financing LLC) and its program for The Operating Room for the 21st Century(SM).

In addition to the Company's newest Gamma Knife unit at Central Mississippi Medical Center in Jackson, Miss., the Company's Gamma Knife centers are currently in operation at: USCF Medical Center in San Francisco; Hoag UCI Gamma Knife Center in Newport Beach, Calif.; Southwest Texas Methodist Hospital in San Antonio, Texas; Yale Gamma Knife Center in New Haven, Conn.; Kettering Medical Center in Kettering, Ohio; New England Medical Center in Boston; University of Arkansas for Medical Sciences in Little Rock, Ark.; Froedtert Memorial Lutheran Hospital in Milwaukee, Wis.; JFK Medical Center in Edison, N.J.; and Sunrise Hospital and Medical Center in Las Vegas.

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 the Gamma Knife business, the risks of the Internet-based information business, and the risks of developing The Operating Room for the 21st Century. 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 Dec. 31, 2000, and its definitive Proxy Statement dated April 12, 2001 for the Annual Meeting of Shareholders to be held on May 17, 2001.


Contact:
     American Shared Hospital Services
     Ernest A. Bates, M.D., 415/788-5300
     e.bates@ashs.com
        or
     Central Mississippi Medical Center
     Julie Grantham, 601/376-1058
     granthaj@cmmc.hma-corp.com
        or
     VMW Corporate & Investor Relations
     Vicki M. Weiner, 212/616-6161 (President)
     vweiner@vmwcom.com
     Sylvia A. Dresner, 212/616-6161 (Senior Vice President)
     info@vmwcom.com

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