American Shared Hospital Services Selects PCG Advisory Group for Investor Relations and Strategic Communications

SAN FRANCISCO--()--American Shared Hospital Services (NYSE American: AMS) (the "Company"), a leading provider of turnkey technology solutions for advanced radiosurgical and radiation therapy services, today announced that it has retained PCG Advisory Group, a leading investor relations and digital strategies firm, to serve as an advisor for investor relations and strategic communications.

Chairman and Chief Executive Officer Ernest A. Bates, M.D. said, “With our businesses delivering increased revenues and earnings, complemented by significant growth opportunities from proton beam radiation therapy, we are very pleased to engage PCG Advisory to drive awareness and visibility with the investment community. PCG’s seasoned team of professionals, broad relationships, and suite of services provide us with the tools to communicate our Company’s growth and momentum.”

“We’re pleased to work with American Shared Hospital Services as they continue to execute on their agenda. PCG has a long history of working with emerging growth companies and we look forward to using our expertise to assist American Shared Hospital Services in achieving their goals,” said Jeff Ramson, Founder and CEO of PCG Advisory Group.

About AMS:

American Shared Hospital Services provides turnkey technology solutions for advanced radiosurgical and radiation therapy services. AMS is the world leader in providing Gamma Knife radiosurgery equipment, a non-invasive treatment for malignant and benign brain tumors, vascular malformations and trigeminal neuralgia (facial pain). The Company also offers proton therapy, and the latest IGRT and IMRT systems.

About PCG Advisory Group:

Founded in 2008, PCG Advisory is dedicated to the delivery of top-tier strategic advisory services that encompass investor and stakeholder relations, capital markets navigation, corporate communications and social media management for emerging growth companies. The team at PCG has extensive experience with life science, fintech and blockchain technology and works with innovative and emerging companies from around the globe. As an aggregation, distribution, and engagement platform, PCG reaches thousands of individual, retail and institutional investors and stakeholders in its proprietary and extensive distribution network, and through the use of unique digital marketing and audience development techniques. For more information, go to: www.pcgadvisory.com

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 (including statements regarding the expected continued growth in volume of the MEVION S250 system, the expansion of the Company's proton therapy business, and the timing of treatments by new Gamma Knife systems) which involve risks and uncertainties including, but not limited to, the risks of variability of financial results between quarters, the risks of the Gamma Knife and radiation therapy businesses, the risks of developing The Operating Room for the 21st Century program, and the risks of the timing, financing, and operations of the Company’s proton therapy 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, 2017, its quarterly report on Form 10-Q for the three months ended March 31, 2018 and the definitive Proxy Statement for the Annual Meeting of Shareholders held on June 14, 2018.

Contacts

American Shared Hospital Services
Ernest A. Bates, M.D., 415-788-5300
Chairman and Chief Executive Officer
eabates@ashs.com
or
PCG Advisory Group, Investor Relations
Vivian Cervantes, 646-863-6274
vivian@pcgadvisory.com

Release Summary

American Shared Hospital Services retained PCG Advisory Group to serve as an advisor for investor relations and strategic communications.

Contacts

American Shared Hospital Services
Ernest A. Bates, M.D., 415-788-5300
Chairman and Chief Executive Officer
eabates@ashs.com
or
PCG Advisory Group, Investor Relations
Vivian Cervantes, 646-863-6274
vivian@pcgadvisory.com