*****NEWS--Sort of*******************
BANYAN CORPORATION
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4740 Forge Road, Building 112
Colorado Springs, Colorado 80907
(719) 531-5535 (719) 531-9135 Fax
FOR IMMEDIATE RELEASE
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Please contact: Sitra Enterprises, Inc.
Investor Relations
(512) 453-3817; Fax (512) 453-7553
E-Mail: bany@sitra.com
Internet: sitra.com
NOTICE OF CONFERENCE CALL
Colorado Springs, Colorado - July 24, 1998 -- Banyan Corporation (OTC
Bulletin Board -- BANY) cordially invites all shareholders, financial
analysts, stockbrokers, market makers, and other interested parties to
participate in a telephone conference call to review the second
quarter 1998 and recent corporate developments. The conference call
will be hosted by Cameron Yost, Banyan's President and Chief Executive
Officer. Details are as follows:
Date: Wednesday, July 29, 1998
Time: 3:00 p.m. EDT
Telephone Number: (303) 633-6100
On July 29th, at anytime during or just prior to the scheduled time,
dial the telephone number and ask to be placed into the "Banyan
Conference Call". The conference call will be operator moderated and
will begin with a brief overview of the second quarter and current
developments, and will then move into an open forum format for
questions and answers.
If anyone has any questions about the conference call, please feel
free to contact investor relations at (512) 453-3817.
Banyan Corporation is a publicly traded holding company with operating
subsidiaries engaged in designing, manufacturing and marketing a
variety of personal computer accessory products with a focus on the
notebook computer market - the fastest growing segment of the personal
computer industry. Through its wholly-owned DoubleCase Corporation
subsidiary, Banyan is a leading manufacturer of notebook computer
hard-sided protective carrying cases. Banyan's products are currently
available through distribution from Ingram Micro and sold through a
wide variety of computer mail order catalogs, several of the largest
U.S. computer retailers, 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.
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