/ CORRECTION - Banyan Subsidiary Premier Medical Group Reports Revenue Increases
April 21 2010 - 9:30AM
Marketwired
In the news release, "Banyan Subsidiary Premier Medical Group
Reports Revenue Increases," issued earlier today by Banyan
Corporation (PINKSHEETS: BNYN), we are advised by the company that
the ticker in paragraph 1 should read "(PINKSHEETS: BNYN)" rather
than "(PINKSHEETS: BNYND)" as originally issued. Complete corrected
text follows.
Banyan Subsidiary Premier Medical Group Reports Revenue
Increases
BOCA RATON, FL -- 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.
Contact: Investor Relations Michael Gelmon 1-310-909-4607
www.PMGtesting.com
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