BANYAN'S DOUBLECASE ENTERS INTO DISTRIBUTION AGREEMENT WITH CANADA'S GLOBELLE.

COLORADO SPRINGS, Col.--(BUSINESS WIRE)--Jan. 30, 1997--Banyan Corporation (OTC Bulletin Board -- BANY) announces that it has entered into a distribution agreement with Globelle Corporation of Canada to distribute its line of DoubleCase hard-sided protective carrying cases.

Globelle, a major North American distribution resource, sells and supports products from over 90 vendors in Canada with a focus on top product lines within strategic categories: mass storage, networking, PC's, notebooks, servers, software, printers, input devices, multimedia, graphics and video, power products, modems and more. Globelle has offices in Mississauga, Vancouver and Montreal; warehouse facilities in Mississauga and Vancouver; and currently employees more than 200 people throughout Canada.

Commenting on the business arrangement, Heather Miranda, Globelle's Director of Products, stated, "We see DoubleCase as an excellent fit for our product lines. DoubleCase's quality hard shell carrying cases will complement Globelle's strength in the system and storage market to ensure a successful relationship for both organizations."

Cameron Yost, Banyan's President and Chief Executive Officer, stated, "We are very enthusiastic to be working with Globelle, Canada's premier distributor of computer products. Our partnership with Globelle was fostered by their strength in the portable and storage market, two key areas Banyan's wholly-owned DoubleCase subsidiary focuses on to provide protective solutions."

Banyan Corporation is a publicly traded 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.

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