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Microcap & Penny Stocks : BANY: Core business growth, exciting affiliations! -- Ignore unavailable to you. Want to Upgrade?

To: AnnieO who wrote (5792)	3/23/2000 12:19:00 AM
From: Smiling Bob	Read Replies (1) \| Respond to of 5847

Fear not, hard-shelled running shoes are paces away -------------------------------------------------------------------------------- Wednesday March 22, 12:04 pm Eastern Time Company Press Release Banyan's DoubleCase Unit Announces New Vice President of Sales and Marketing COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--March 22, 2000--Banyan Corporation (NQB Pinks: BANY) announces the addition of W. Bruce Leithead, III, to its DoubleCase management team as the new Vice President of Sales and Marketing. Mr. Leithead will be responsible for expanding DoubleCase's product line, distribution territories and develop an independent national sales force to promote DoubleCase's product lines. Mr. Leithead brings with him to DoubleCase a wealth of knowledge of the department store environment as well as managing independent retailers. Mr. Leithead joins Doublecase with over nine years of experience in the athletic footwear industry with adidas America as a Key Account Manager. At adidas he was responsible for generating over $100 million in sales from two National Strategic Accounts, participating in quarterly marketing sessions pinnacle to the outcome of new product introductions and managing one of the largest single account marketing budgets for adidas. Prior to working with adidas, Mr. Leithead held the Director of Sales and Marketing position with Architectural Metal Furniture, a division of Tate Fabricating, located in Tennessee. As the Director, he was responsible for hiring its independent national sales force and oversaw the creation of all products presented at retail. Mr. Leithead commented: ``I am very excited to take on my new responsibilities at DoubleCase. DoubleCase has never tapped into the powerful retail channels, and I look forward to spearheading that effort. In short order I will begin building a national independent sales network and introducing existing and new products into various retail channels, all of which will provide long-term benefits to Banyan and DoubleCase.' Banyan Corporation is a publicly traded holding company focused on investing in and building a network of operating subsidiaries engaged in designing, manufacturing and marketing products and services aimed at the personal computer market, the notebook segment in particular, which is also the fastest-growing segment of the personal computer industry, and Internet e-commerce. Banyan currently sells a line of hard-sided protective carrying cases for notebook computers under the DoubleCase and Showcase Technologies brand names. Banyan'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, 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, planned 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 Cameron Yost, 719/531-5535 E-Mail: bany@sitra.com doublecase.com