In the last sentence of the first paragraph and in the Date/Time section, the correct date for the conference call should be March 23, 2017 (instead of March 23, 2016).

The corrected release reads:

AMERICAN SHARED HOSPITAL SERVICES TO HOLD CONFERENCE CALL TO DISCUSS FOURTH QUARTER AND FULL YEAR 2016 RESULTS

American Shared Hospital Services (NYSE MKT:AMS), a leading provider of turnkey technology solutions for advanced radiosurgical and radiation therapy solutions, will hold its quarterly conference call to discuss fourth quarter and full year 2016 results on Thursday, March 23, 2017 at 3:00 p.m. Eastern Time / 12:00 p.m. Pacific Time. Fourth quarter and year end results for 2016 will be released the morning of Thursday, March 23, 2017.

Date/Time

Thursday, March 23, 2017 at 3:00 p.m. ET / 12:00 p.m. PT

Teleconference and Webcast Information

To participate, please call (800) 588-4973 at least 5 minutes prior to the start of the call, and use confirmation number 44604047. A simultaneous Webcast of the call may be accessed through the Company's website, www.ashs.com or www.streetevents.com (institutional investors). A replay will be available for 30 days at these same internet addresses or by dialing (888) 843-7419 and entering 44604047# when prompted.

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. AMS owns a common stock investment in Mevion Medical Systems, Inc., developer of the compact MEVION S250 Proton Therapy System.

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