SOURCE: Banyan Corporation

April 20, 2010 09:30 ET

Banyan Subsidiary Premier Medical Group Reports Revenue Increases

BOCA RATON, FL--(Marketwire - April 20, 2010) -  Banyan Corporation (PINKSHEETS: BNYN) announced that its wholly owned subsidiary, Premier Medical Group, Inc. ("PMG"), of Boca Raton, Florida, has reported a significant Q1 2010 increase of revenue of approximately 58% over the same period in 2009.

Glen Collins, Vice President of Sales for PMG, stated: "Our Q1 revenues this year came in at approximately $850,000 as compared to just over $535,000 in Q1 2009. We are seeing a strong trend in both collections as well as new business."

PMG specializes in Nerve Conduction Velocity testing across the United States.

About Banyan Corporation:

Banyan Corporation is a publicly traded holding company focused on investing in and building a network of operating subsidiaries engaged in various innovative businesses. Currently the company's subsidiaries, Premier Medical Group, Inc. and affiliated companies, provide diagnostic testing services to physicians nationwide.

This Press Release contains or incorporates by reference forward looking statements including certain information with respect to plans and strategies of Banyan Corporation. For this purpose, any statements contained herein or incorporated herein by references that are not statements of historical fact may be deemed forward looking statements. Without limiting the foregoing, the words "believes," "suggests," "anticipates," "plans," "expects," and similar expressions are intended to identify forward looking statements. There are a number of events or actual results of Banyan Corporation operations that could differ materially from those indicated by such forward looking statements.

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