SOURCE: Banyan Corporation

September 07, 2010 09:30 ET

Banyan Corporation's "America's Dentist" Division Enters Agreement With Nationally Renowned Dental Consultant for Dental Group Development

BOCA RATON, FL--(Marketwire - September 7, 2010) -  Banyan Corporation (PINKSHEETS: BNYN) announced that it has reached an agreement with Mark Eric Bailey to partner with it in the development of its America's Dentist concept. When operational, America's Dentist will offer a vast array of services to dental practices nationwide, including marketing; real estate/leasing support; practice management and analysis; finance; branding; practice purchase and sale representation and practice transitions.

Mark Eric Bailey has served general & specialty dentists nationwide regarding practice finance & advice at Capital4HealthCare, LLC. In 2005, he founded Dentcetera Dental Practice Advisors, LLC which provides advice, analysis and buyers representation for general & specialty dentists and in 2007 he co-founded edentalspace.com, the first global social networking site exclusively for dental professionals. Mr. Bailey has completed 463 dental practice transitions in his career. Dentcetera services will be rebranded Americas Dentist and will feature buyer's representation or traditional practice brokerage services.

Mr. Bailey stated, "I am excited by this opportunity to participate with Banyan Corporation in the development of America's Dentist. In today's economy, it is more important than ever before for a dental practice to operate at its optimum, not just clinically but as a business. At America's Dentist we will feature state-of-the-art practice management software to analyze the present business performance of a practice, and our consulting team will be able to quickly assess and recommend decisions to immediately increase a practice's performance. Whether our services lead to the dentist's long-term improved practice performance or help the dentist enhance practice performance in preparation for merger or acquisition, America's Dentist services will be invaluable."

The multi-billion dollar dental industry is the most organized of healthcare professions. Banyan Corporation believes it can leverage of the significant experience of both Mr. Bailey and its past ventures to move successfully into the dental arena.

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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