American Shared Hospital Services Reports Federal Trade Commission Request

Business Wire, June 1, 1998

SAN FRANCISCO--(BW HealthWire)--June 1, 1998--American Shared Hospital Services (AMEX/PCX:AMS for common stock) Monday said that it has received a request from the Federal Trade Commission for additional information in connection with American Shared's proposed sale of its medical diagnostic imaging assets to an affiliate of Alliance Imaging Inc.

The sale was announced on March 12, 1998. American Shared said today that it will respond promptly to the request, and that the Company continues to believe that the transaction will close during the third quarter of 1998.

American Shared Hospital Services is a diversified medical services company, with interests in mobile and shared diagnostic imaging, insurance services and (through its 81% equity interest in GK Financing, LLC) radiosurgery services. Headquarters are in San Francisco.

    CONTACT: American Shared Hospital Services
              Richard Magary, 415/788-5300 (8 a.m.-6 p.m. M-F)
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              www.ashs.com