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American Shared Hospital Services Announces Extension Of Expiration Date For Notes Exchange Offer.


SAN FRANCISCO--(BUSINESS WIRE)--July 15, 1996--American Shared Hospital Services (AMEX AMEX

See: American Stock Exchange
, PSE PSE

1. pale soft exudative pork.

2. portosystemic encephalopathy.
: "AMS AMS - Andrew Message System " for common stock; "AMA (Automatic Message Accounting) The recording and reporting of telephone calls within a telephone system. It includes the calling and called parties and start and stop times of the call. .A" for 16 1/2% Notes) Monday announced it has extended the expiration date for its Exchange Offer which was announced on June 21, 1996.

The Exchange Offer now expires at 5 p.m., New York time, on Friday, Aug. 9, 1996. It previously was scheduled to expire on July 15.

American Shared is offering 695 shares of newly-issued Common Stock for each $1,000 principal amount (and accrued interest thereon) of its 16 1/2% Senior Subordinated Exchangeable Reset Notes due Oct. 15, 1996. The Company is offering 692 shares of newly-issued Common Stock for each $1,000 principal amount (and accrued interest thereon) on its 14 3/4% Senior Subordinated Notes due Oct. 15, 1996.

The Exchange Agent for the Exchange Offer is American Stock Transfer & Trust Company, New York, NY.

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 (M-5 8-5)

415/658-8003 (after hours)

415/431-2359 (home)
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Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jul 15, 1996
Words:195
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