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

To: brad greene who wrote (2160)	6/22/1998 7:57:00 AM
From: Benchman	Respond to of 5847

****************NEWS***************** BANYAN CORPORATION ================== 4740 Forge Road, Building 112 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'S DOUBLECASE UNIT ENTERS INTO A WORLDWIDE DISTRIBUTION AGREEMENT WITH INGRAM MICRO Colorado Springs, Colorado - June 22, 1998 -- Banyan Corporation (OTC Bulletin Board -- BANY) announces that its wholly owned subsidiary, DoubleCase Corporation, has entered into a non-exclusive worldwide distribution agreement with Ingram Micro, Inc. (NYSE: IM) for distribution of the entire DoubleCase line of hard-sided protective carrying cases for notebook computers and portable storage devices such as Iomega Corporation's (NYSE: IOM) widely popular ZipT Drive. Ingram Micro, headquartered in Santa Ana, California, is the world's leading wholesale distributor of technology products and services, and a leading provider of assembly and integration services, with 1997 sales of more than $16.5 billion. The company and its affiliates operate in 31 countries, distributing more than 145,000 products to more than 100,000 resellers in 120 countries. Ingram Micro's Internet site may be found at www.ingrammicro.com. Cameron Yost, Banyan's President and Chief Executive Officer, stated, "We are very excited to be partnering with Ingram Micro, the world's leading distributor of computer products and accessories. In the past, limited distribution has been a significant barrier to selling our products through larger retail stores, computer manufacturers, and other traditional sales outlets. This is no longer the case and we are looking forward to working with Ingram Micro to develop new relationships and sales channels for our entire product line." 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, 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. * * *

To: brad greene who wrote (2160)	6/22/1998 7:57:00 AM
From: steve	Read Replies (1) \| Respond to of 5847

Brad, Was uncertain before this... not a concern now!!! Looks like the customer base might increase a bit, don't ya think... BANYAN CORPORATION ================== 4740 Forge Road, Building 112 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'S DOUBLECASE UNIT ENTERS INTO A WORLDWIDE DISTRIBUTION AGREEMENT WITH INGRAM MICRO Colorado Springs, Colorado - June 22, 1998 -- Banyan Corporation (OTC Bulletin Board -- BANY) announces that its wholly owned subsidiary, DoubleCase Corporation, has entered into a non-exclusive worldwide distribution agreement with Ingram Micro, Inc. (NYSE: IM) for distribution of the entire DoubleCase line of hard-sided protective carrying cases for notebook computers and portable storage devices such as Iomega Corporation's (NYSE: IOM) widely popular ZipT Drive. Ingram Micro, headquartered in Santa Ana, California, is the world's leading wholesale distributor of technology products and services, and a leading provider of assembly and integration services, with 1997 sales of more than $16.5 billion. The company and its affiliates operate in 31 countries, distributing more than 145,000 products to more than 100,000 resellers in 120 countries. Ingram Micro's Internet site may be found at www.ingrammicro.com. Cameron Yost, Banyan's President and Chief Executive Officer, stated, "We are very excited to be partnering with Ingram Micro, the world's leading distributor of computer products and accessories. In the past, limited distribution has been a significant barrier to selling our products through larger retail stores, computer manufacturers, and other traditional sales outlets. This is no longer the case and we are looking forward to working with Ingram Micro to develop new relationships and sales channels for our entire product line." 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, 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. steve