You'd think these guys are serious or something. ba-bumm.................................. ba-bumm.................................. ba-bumm..................................
Monday June 4, 12:35 pm Eastern Time
Press Release
Banyan Announces Appointment of Chairman of the
Board of Subsidiary - Chiropractic USA, Inc.
COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--June 4, 2001--Banyan Corporation (NQB
Pinks: BANY) announces that the Board of Directors has appointed renowned Chiropractic
radiologist and author, Dr. Terry R. Yochum, as Chairman of the Board of Directors of its
wholly owned subsidiary, Chiropractic USA, Inc.
Dr. Yochum is currently Director of the Rocky Mountain Chiropractic Radiological Center
in Denver, Colorado, as well as instructor in Skeletal Radiology at the University of
Colorado School of Medicine in Denver. In addition, Dr. Yochum is on the Post Graduate
Faculty of the Los Angeles College of Chiropractic and is a member of the Council of
Advisors of the Colorado College of Chiropractic, which is affiliated with Marycrest
International University, Denver Campus. Dr. Yochum's textbook ``Essentials of Skeletal
Radiology'' is a required text at every Chiropractic College in the world and is used as a
reference source at over one hundred medical schools.
Banyan CEO Michael Gelmon commented, ``We are elated that someone of Dr. Yochum's
magnitude, stature and integrity has agreed to join Chiropractic USA in such a high profile
position.'' Dr Yochum states: ``I am excited about my association with Chiropractic USA. I
feel this endeavor will benefit both chiropractic practitioners and graduating chiropractic
students in a very positive way. It is an incredible opportunity to consolidate and
standardize our great discipline and I am thrilled to be a part of it.'' Banyan President Cory
Gelmon said: ``Dr. Yochum's reputation and respect within the profession is second to
none. He brings to Chiropractic USA the highest level of clinical and academic credentials in
the industry and will add a great dimension to our operational team.''
Dr. Yochum's appointment is effective immediately.
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 wholly
owned subsidiary, Chiropractic USA, Inc. is focusing on the development of branded Chiropractic clinics
throughout North America by way of acquisitions of existing clinics as well as the development of
corporate clinics in partnership-type arrangements with its practitioners. In addition, Banyan's wholly
owned subsidiary, Doublecase Corporation, sells a line of hard-sided protective carrying cases for
notebook computers under the DoubleCase brand name. Doublecase's products are currently available
through distribution from Ingram Micro and sold through a wide variety of Internet e-commerce
storefronts, computer mail order catalogs, Value Added Resellers (VARs), a number of overseas vendors,
and to the U.S. government.
The Private Securities Litigation Reform Act of 1995 provides a ``safe harbor'' for forward-looking
statements. Certain information included in this press release (as well as information included in oral
statements or other written statements made or to be made by Banyan Corporation) contains statements
that are forward-looking, such as statements relating to the future anticipated direction of the
high-technology industry, plans for future expansion, various business development activities, planed
capital expenditures, future funding sources, anticipated sales growth and potential contracts. Such
forward-looking information involves important risks and uncertainties that could significantly affect
anticipated results in the future and, accordingly, such results may differ from those expressed in any
forward-looking statements made by or on behalf of Banyan Corporation. These risks and uncertainties
include, but are not limited to, those relating to development and expansion activities, dependence on
existing management, financing activities, domestic and global economic conditions, changes in federal or
state tax laws, and market competition factors. For a description of additional risks and uncertainties,
please refer to Banyan's filings with the Securities and Exchange Commission.
Contact:
Banyan Corporation
Investor Relations
Michael Gelmon, 800/808-0899
mgelmon@banyancorp.com
www.Banyancorp.com
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steve |
