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American Shared Hospital Services Announces Completion of Registration Statement.


SAN FRANCISCO--(BUSINESS WIRE)--Oct. 18, 1996--American Shared Hospital Services (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. , PSE PSE

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:AMS AMS - Andrew Message System ) Friday announced that the U.S. Securities and Exchange Commission had declared effective the Company's registration statement covering the resale from time to time by certain individuals of 1,184,047 shares of the Company's outstanding common stock and 1,495,000 shares of common stock underlying options.

The registration statement covers 2,485,500 shares owned directly or pursuant to immediately exercisable options by Ernest A. Bates, M.D., the Company's Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . Dr. Bates stated that the registration statement would enable him to deliver freely tradeable shares to purchasers in occasional transactions entered into by Dr. Bates to meet current expenses or to diversify his portfolio.

American Shared Hospital Services is a diversified medical services company, with interests in mobile and shared diagnostic imaging, radiosurgery radiosurgery /ra·dio·sur·gery/ (-ser´jer-e) surgery in which tissue destruction is performed by means of ionizing radiation rather than by surgical incision.  and insurance services. Headquarters are in San Francisco.

CONTACT: American Shared Hospital Services

Richard Magary

415/788-5300 (Monday-Friday, 8 a.m.-6 p.m.)

415/658-8003 (after hours)

415/431-2359 (home)
COPYRIGHT 1996 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Oct 18, 1996
Words:172
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