Announces New Gamma Knife Contract; At OSF Saint Francis Medical Center.Health/Medical Writers SAN FRANCISCO--(BW HealthWire)--June 12, 2000 AMERICAN SHARED HOSPITAL SERVICES (AMEX AMEX See: American Stock Exchange :AMS AMS - Andrew Message System ) (PCX (1) A bitmapped graphics file format that handles monochrome, 2-bit, 4-bit, 8-bit and 24-bit color and uses RLE to achieve compression ratios of approximately 1.1:1 to 1.5:1. Images with large blocks of solid colors compress best under the RLE method. See PC Paintbrush. :AMS), the world leader in providing Gamma Knife radiosurgery services, Monday said that state regulatory approval has been received for its new Gamma Knife unit to be located at OSF See Open Group. OSF - Open Software Foundation Saint Francis Medical Center in Peoria, Illinois ("OSF Saint Francis"). Ernest A. Bates, M.D., 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. of American Shared said, "We are pleased to be able to place the Gamma Knife at OSF Saint Francis Medical Center, the only Illinois hospital outside of Chicago to offer this highly effective, non-invasive treatment. Currently, we have nine Gamma Knife units operating and five additional signed Gamma Knife agreements, including the OSF Saint Francis contract announced today. The other four Gamma Knife agreements under development are in Las Vegas, Nevada; Jackson, Mississippi; Lima, Peru; and Rio de Janeiro Rio de Janeiro, city, Brazil Rio de Janeiro (rē`ō də zhänā`rō, Port. rē`  thĭ zhənĕē`r , Brazil." Keith Steffen, administrator for OSF Saint Francis said, "We view this as very important news for central Illinois. This will save lives while being conveniently located for area residents. We are extremely excited about having this technology in Peoria." About the Gamma Knife The Leksell Gamma Knife is a stereotactic stereotactic /ster·eo·tac·tic/ (-tak´tik) 1. characterized by precise positioning in space; said especially of discrete areas of the brain that control specific functions. 2. pertaining to stereotactic surgery. radiosurgical device manufactured by Elekta AB of Sweden (Stockholm Stock Exchange The Stockholm Stock Exchange (Swedish: Stockholmsbörsen) is a stock exchange located in Stockholm, Sweden. Founded in 1863 [1] it is the primary securities exchange of the Nordic Countries. :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 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, 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 the Gamma Knife business and of Internet-based information 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, which was mailed to shareholders of record on March 31, 2000. |
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