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Author Topic: Bany
iwannna
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Press Release Source: Banyan Corporation


Banyan Files Annual Financial Statements
Monday April 23, 11:44 am ET


LOS ANGELES--(BUSINESS WIRE)--Banyan Corporation (OTCBB:BANY - News), franchisors of nationally branded Chiropractic USA clinics, and owner of Premier Medical Group and Virtual Medical Systems, Inc. (VMS), announced that it has filed its audited annual financial statements for the year ending December 31, 2006. Highlights include an increase in revenue from $1.09 million in 2005 to $5.45 million in 2006, an increase of over 400% as a result of the successful introduction of the VT3000 diagnostic machine and the growth of Premier Medical Group and Virtual Medical Systems. Stockholder equity jumped to a positive $793,498 from a negative $701,513 the prior year.
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Operating subsidiaries Premier Medical Group and Chiropractic USA both posted positive operating incomes.

Banyan CEO, Michael Gelmon states, "I am very pleased to report these record revenues and positive cash flows and I expect that our growth will continue through 2007 and beyond. We remain focused on developing our diagnostic business and especially the huge opportunity for growth with our revolutionary VT3000 Nerve Velocity Testing Machine. In addition, our Chiropractic USA subsidiary and its franchises are already the largest Chiropractic franchise operation in North America."

Based on the above information, the company is forecasting estimated annualized revenue of $7 million for 2007.

For further information, interested parties can access this filing on the EDGAR website.

About Banyan Corporation:

Banyan Corporation is a publicly traded holding company focused on investing in and building a network of operating subsidiaries engaged in various innovative businesses. Currently the company's subsidiary, Chiropractic USA, Inc. is focusing on the development of branded Chiropractic clinics throughout North America by way of franchising and the use of uniform operating systems and practices. The company's other subsidiaries, Premier Medical Group LLC, and Virtual Medical Systems, Inc., provide diagnostic testing services to physicians nationwide in addition to marketing the VT3000 Electro-diagnostic testing machine.

This Press Release contains or incorporates by reference forward looking statements including certain information with respect to plans and strategies of Banyan Corporation. For this purpose, any statements contained herein or incorporated herein by references that are not statements of historical fact may be deemed forward looking statements. Without limiting the foregoing, the words "believes", "suggests", "anticipates", "plans", "expects", and similar expressions are intended to identify forward looking statements. There are a number of events or actual results of Banyan Corporation operations that could differ materially from those indicated by such forward looking statements.


Contact:
Banyan Corporation, Los Angeles
Investor Relations
Michael Gelmon, 1-800-808-0899
www.ChiropracticUSA.net

--------------------------------------------------------------------------------
Source: Banyan Corporation

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gumzsa
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I am suprised no one has posted on this stock. Aren't these great numbers?????????
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THE DUKE
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Wow , BANY this is great news!! This stock should be soaring today.
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pennys
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will be soon today
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THE DUKE
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Man, somebody is unloading bigtime. [Roll Eyes]
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superman7
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i am buying here

this looks like it wants to run...28 is alomst doen imo

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please dont trade stocks on my alerts, do your dd first.

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1stfidelity
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order in at .0009...
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THE DUKE
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Superman, I hope you are right. Here to make money
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1stfidelity
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superman has great picks that why I rated him a 5!
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superman7
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Thanks 1stfidelity

its starting to get some buys...this will definatly run very soon, s8 is almost dried up imo

.0009(7) by .001(4)

58 mil volume

quote:
Originally posted by 1stfidelity:
superman has great picks that why I rated him a 5!



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please dont trade stocks on my alerts, do your dd first.

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THE DUKE
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Superman , you must have x-ray eyes on stock picks [Cool]
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superman7
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THE DUKE, i wish!! lol

bany dropped down a bit .0008 by .0009

but this one is all about patience imo

once the s8 is done this will rock

and there should be no more s8's till 2010

so this one is getting ready to run for sure

its all about patience with this one

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please dont trade stocks on my alerts, do your dd first.

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jdiddy
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.0008 x .0009

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If your not on the edge of ur seat, sell it!
Everything posted is my opinion!

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1stfidelity
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I am in at .0009
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jdiddy
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nice buy at .0009

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If your not on the edge of ur seat, sell it!
Everything posted is my opinion!

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superman7
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i bought in at .001 but not worried

trying to add at .0008 but no luck yet

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please dont trade stocks on my alerts, do your dd first.

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jdiddy
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9's getting hit - 1 left

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If your not on the edge of ur seat, sell it!
Everything posted is my opinion!

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superman7
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bany back to .001 on the ask..maybe our run is starting...still take alto of volume to move it, so maybe its not ready yet, not sure we will see i guess

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please dont trade stocks on my alerts, do your dd first.

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jdiddy
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.001 up on the ask

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If your not on the edge of ur seat, sell it!
Everything posted is my opinion!

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1stfidelity
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superman whats target here in your opinion?
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1stfidelity
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target on this one????
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jdiddy
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9's going down again - 2MM's left

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If your not on the edge of ur seat, sell it!
Everything posted is my opinion!

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jdiddy
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what jacko is selling at .0008...lol

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If your not on the edge of ur seat, sell it!
Everything posted is my opinion!

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InToMakeMoney
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Any one know why it is not moving up. Looks like a very good news in that PR
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1stfidelity
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I bought in today! This will be a runner.....
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1stfidelity
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This should run......
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dallenp89
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quote:
Originally posted by 1stfidelity:
target on this one????

I fully expected .0012 to .0014 yesterday. No idea what the hesitation is here. Maybe today is the day?

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"There was supposed to be an earth shattering KABOOM!" -Marvin Martian

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1stfidelity
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I hope so! Lets see today....
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pennys
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big move today coming
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1stfidelity
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I am ready!
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dallenp89
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Well if the bashing on IHUB is any indication. This should do something soon. Let's hope it goes north [Smile]

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"There was supposed to be an earth shattering KABOOM!" -Marvin Martian

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1stfidelity
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hahaha Yeah they are killing this over there! I was laughing at that,this morning...
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dallenp89
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The .0009 is steady as she goes so far.
volume volume volume!

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"There was supposed to be an earth shattering KABOOM!" -Marvin Martian

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1stfidelity
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Go convince them over at IHUB to buy some shares...
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dallenp89
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quote:
Originally posted by 1stfidelity:
Go convince them over at IHUB to buy some shares...

Lol! IHUB is the reason I joined this board. Less crap more DD. I am not a member of IHUB.

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"There was supposed to be an earth shattering KABOOM!" -Marvin Martian

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