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To: Ga Bard who wrote (3314)	12/15/1997 12:26:00 AM
From: DGMAC	Respond to of 8835

Thank you about the prosperous New Year wishes. I understand you have young children. Do you spend much time thinking about retiring? I will soon, although I will continue to play with these kind of stocks. Call it whatever they want, but it sure is fun. DGMAC

To: Ga Bard who wrote (3314)	12/15/1997 9:11:00 AM
From: Frank Fontaine	Respond to of 8835

BANY-NEWS: BANYAN CORPORATION ================== 967 Elkton Drive Colorado Springs, Colorado 80907 (719) 531-5535 (719) 531-9135 FAX FOR IMMEDIATE RELEASE ~~~~~~~~~~~~~~~~~~~~~ Please contact: Sitra Enterprises, Inc. Investor Relations (512) 453-3817; Fax (512) 453-7553 E-Mail: bany@sitra.com Internet: sitra.com BANYAN SIGNS LETTER OF INTENT TO ACQUIRE THE PATRIOT GROUP, INC. Colorado Springs, Colorado -- December 15, 1997 -- Banyan Corporation (OTC Bulletin Board -- BANY) announces that it has signed a Letter of Intent to acquire 100% of the Patriot Group, Inc., a privately-held Florida research, development and design firm specializing in accessory products for the personal computer market. This tax-free all stock transaction is expected to close during the first quarter of 1998; final terms will be announced upon the completion of this transaction. Banyan estimates that the combined companies will generate approximately US$3 million during fiscal 1998. The Patriot Group currently has one accessory product being sold in the marketplace, the Universal Speaker Mount; two that will be ready for prototyping and initial marketing in the first quarter of 1998, the Laptop Auto-Mount and the Universal Multi-Media Mount; and others in the design and development phase. The Universal Speaker Mount attaches any type of computer speaker to any type of computer monitor thereby saving desktop space and enhancing overall sound quality by situating a computer's speakers directly at the operator's face level. The Universal Speaker Mount is marketed through a non-exclusive Original Equipment Manufacturer (OEM) arrangement with LabTech Corporation, a well-known computer speaker manufacturer. It is estimated that LabTech will sell approximately 75,000 Universal Speaker Mounts during fiscal 1998. The Laptop Auto-Mount (LAM) was designed with the traveling businessperson in mind. The LAM is an inexpensive notebook computer accessory product that allows a notebook computer user to efficiently and comfortably use his or her notebook computer while sitting in a parked automobile. The Universal Multi-Media Mount expands on The Patriot Group's earlier success with the Universal Speaker Mount by combining speaker mounts with storage space for compact discs (CDs) and floppy disks, enabling its user to save even more desktop space while keeping important software and disks organized and within arms' reach. Both the LAM and Universal Multi-Media Mount will carry suggested retail prices of under $20. Cameron Yost, Banyan's President and Chief Executive Officer, stated, "The Patriot Group fits exceedingly well into Banyan's long-term business model and expands its abilities to create and bring new and innovative high-margin accessory products to market. Management foresees a tremendous synergy between the product mixes and combined talents of the two companies in terms of potential OEM deals, bundling opportunities, and retail and wholesale positioning. These benefits are predicted to result in accelerated corporate growth for Banyan while adding to current shareholder values." Banyan Corporation is a publicly held holding company with operating subsidiaries engaged in designing, manufacturing and marketing a variety of accessory products, including a full line of hard-sided protective carrying cases, for the notebook computer market - the fastest growing segment of the personal computer industry. Banyan's products are currently 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 including its own DoubleCase UK Limited subsidiary, 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.