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[QUOTE]Originally posted by Jo4321: [QB] Banyan Reports Gain at Premier MedicalLast update: 6/11/2007 8:00:05 AM LOS ANGELES, Jun 11, 2007 (BUSINESS WIRE) -- Banyan Corporation (BANY), franchisors of nationally branded Chiropractic USA clinics, and owner of Premier Medical Group and Virtual Medical Systems, Inc. (VMS), announced that its subsidiary, Premier Medical Group has reported a significant 11.5% increase in the number of tests comparing May 2007 with May 2006. Michael Gelmon, Banyan CEO, speaking to analysts said that the exceptional progress reported by Premier puts the company on target to reach the projected $7.5 million in revenue. "The progressive growth in our testing services conducted by both VMS and Premier continue a positive trend anticipated by management. Premier Medical Group continues to lead the nation in electro diagnostic testing." 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. SOURCE: Banyan Corporation Banyan Corporation, Los AngelesInvestor Relations:Michael Gelmon, 1-800-808-0899Copyright Business Wire [/QB][/QUOTE]
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