Banyan Announces Acting CEO & President.

Business Editors

COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--March 24, 2000

Banyan Corporation (NQB Pinks: BANY) announces that Director Lawrence Stanley will temporarily assume the duties and responsibilities of Acting Chief Executive Officer and President.

Cameron B. Yost, President and Chief Executive Officer, will be taking a leave of absence from his duties, effective April 1, 2000, for personal reasons.

Mr. Stanley is currently the President and founder of Stanley Accounting Services, a director of Anything Internet Corporation (OTCBB: ANYI) and a director of Banyan Corporation. Prior to starting Stanley Accounting, Mr. Stanley was involved in the founding, purchasing and sale of several small businesses. Prior to getting involved in his entrepreneurial pursuits, Mr. Stanley served as the president of Kaman Instrumentation Corporation, a $14 million division of Kaman Corporation (NASDAQ: KAMNA). Before joining Kaman Instrumentation, Mr. Stanley worked as the Controller at the Environmental and Process Instruments division of Bendix Corporation, a $50 million manufacturer of scientific instruments. Previously Mr. Stanley served as the chief accountant at Sprague Electric Company, a $150 million manufacturer of electronic components.

Cameron Yost, Banyan's President and Chief Executive Officer, stated: "Banyan has made tremendous strides in recent months in product diversification and overall business direction. We have made several significant acquisitions, Showcase Technologies and TopListing.com. We have strengthened the sales and marketing efforts of our subsidiary, DoubleCase Corporation, by the addition of its new Vice President of Sales and Marketing, Bruce Leithead. Banyan is financially sound and poised for the future. This is an exciting time for Banyan but, unfortunately, I have other personal obligations outside of the Company that require a substantial portion of my time. As a result, I believe it is in the shareholders' best interest if I take a leave of absence until I can again devote 100% of my time and energy necessary to grow the business and maximize our shareholders' returns. I have known Mr. Stanley for many years and have full confidence in his ability to operate the Company during my leave."

Banyan Corporation is a publicly traded holding company focused on investing in and building a network of operating subsidiaries engaged in designing, manufacturing and marketing products and services aimed at the personal computer market, the notebook segment in particular which is also the fastest-growing segment of the personal computer industry, and Intemet e-commerce. Banyan has a significant equity position in Anything Internet Corporation (OTCBB:ANYI), sells a line of hard-sided protective carrying cases for notebook computers under the DoubleCase and Showcase Technologies brand names and provides e-commerce services through its subsidiary TopListing.com. Banyan's products are currently available through distribution from Ingram Micro and sold through a wide variety of Intemet e-commerce storefronts, 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. For a description of additional risks and uncertainties, please refer to Banyan's filings with the Securities and Exchange Commission.