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

To: steve who wrote (2905)	9/21/1998 9:28:00 AM
From: Archie Goodwin	Respond to of 5847

News........... (BSNS WIRE) Banyan Receives Favorable Court Ruling Banyan Receives Favorable Court Ruling Business Editors/High-Tech Writers COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--Sept. 21, 1998--Banyan Corporation (OTC BB:BANY) announces that the United States District Court for the District of Oregon has issued a ruling in support of a resolution by Banyan's Board of Directors canceling stock certificates representing 495,000 shares of restricted Banyan Common Stock earlier this year. Banyan sought a court order supporting the Board's resolution when the canceled certificates were recently presented to the transfer agent for transfer. In the event that any of the shares represented by the canceled certificates were sold by the certificates' holder or an agent of the holder, those sales would now be classified as "short" sales. Cameron Yost, Banyan's president and chief executive officer, stated, "I have said it in the past, and I will say it again, neither Banyan nor I will not take lightly any action by any person or entity that is potentially harmful to Banyan and its shareholders. "We do not know if the cancelled shares were sold prior to their presentation to the transfer agent, but if they were, eventually, they will need to be repurchased on the open market by the original holder to satisfy a potential short position. Banyan is setting a precedent with this case and will pursue any and all future such cases with the same vigor." 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, 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. --30--pw/sf* ap/sf CONTACT: Sitra Enterprises, Inc. Banyan Corp. Investor Relations, 512/453-3817 bany@sitra.com sitra.com KEYWORD: COLORADO OREGON INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com * end of story * Brian $^)

To: steve who wrote (2905)	9/21/1998 9:40:00 AM
From: brad greene	Respond to of 5847

steve,...all BANY.... This may cast some light on who may have sold us our shares 4 to 6 months ago. If the 495,000 shares were sold....then they are now short, meaning they must be covered, or margin requirements produced to maintain the short position. Very cool. bg

To: steve who wrote (2905)	9/22/1998 9:30:00 AM
From: brad greene	Respond to of 5847

steve, I guess I need to find a female box turtle. Our turtle retreated into his shell after only a few minutes of watching the Clinton tapes. BANY has really done very well over the last two weeks.......Considering the market in general, BANY has been a very good place to be. Value is coming into the stock. It is very nice to see. I think we have several factors to turn to, steve. Dell is becoming recognized as a development that will have a very positive impact over the next few quarters.......and Anything Internet being a move into a rather exciting enterprise area. These two parts of the business plan...including the neat little dividend...... coupled with the pending data that will show BANY moving towards reporting status.....and the creation of what seems to be a very active Yahoo message board......have really helped the value of BANY move North. I hope it continues.......It would be super to be a part of a cool little company success story. The dynamics still look quite interesting. bg