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American Shared Hospital Services Reports 13% Increase in Operating Income and 19% Increase in Pre-Tax Income on 13% Increase in Radiosurgery Revenue to a New Record; Net Income Increased 10% to $0.09 Per Share Despite Higher Tax Rate.

Article Excerpt
SAN FRANCISCO -- AMERICAN SHARED HOSPITAL SERVICES (AMEX:AMS) (PCX:AMS), the leading provider of Gamma Knife(R) radiosurgery services, today announced solid increases in revenue and income for the first quarter of 2006 compared to the same quarter of 2005.

"Driven by the three new Gamma Knife units we placed during 2005 and strong volume at several of our other centers, revenue increased 13% to a new first quarter record for radiosurgery services and exceeded the $5 million benchmark for the first time in our history. This growth, combined with our continued effective management of costs, contributed to the 21st consecutive quarterly increase in operating income, a key metric of our performance, and to an increase in net income despite a higher effective tax rate," said Ernest A. Bates, M.D., Chairman and Chief Executive Officer.

"We expect...

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