SOURCE: Banyan Corporation

April 15, 2010 09:30 ET

Banyan Subsidiary Premier Medical Group Reports Significant Increases

BOCA RATON, FL--(Marketwire - April 15, 2010) -  Banyan Corporation (PINKSHEETS: BNYND) announced that its wholly owned subsidiary, Premier Medical Group, Inc. ("PMG"), of Boca Raton, Florida, has reported a Q1 2010 increase of diagnostic testing of 17.75% over the same period in 2009.

Glen Collins, Vice President of Sales for PMG, stated: "We are very pleased with our first quarter performance this year. We had a strong fourth quarter in 2009 which carried over nicely into the first quarter of this year." 

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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