Banyan Announces Conference Call.

Business Editors

COLORADO SPRINGS, Colo.--May 31, 2001--Banyan Corporation (NQB Pinks:BANY) announces that the Company's President and C.E.O., Cory Gelmon and Michael Gelmon, will conduct a telephone conference call with shareholders and interested parties at 4:00 PM Eastern Time on Wednesday, June 6, 2001.

To listen or participate, call 405/244-5555, Guest Code 3217# (see note below), a few minutes before 4:00 PM EDT. The Gelmons will give a brief overview of the current status of the Company and its wholly owned subsidiaries -- Chiropractic USA, Inc., Doublecase Corporation and TopListing, as well as the pending acquisition of Franchise Support Network, Inc. Callers will then be given an opportunity to direct questions to them.

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 wholly owned subsidiary, Chiropractic USA, Inc., is focusing on the development of branded Chiropractic clinics throughout North America by way of acquisitions of existing clinics, as well as the development of corporate clinics in partnership-type arrangements with its practitioners. In addition, Banyan's wholly owned subsidiary, Doublecase Corporation, sells a line of hard-sided protective carrying cases for notebook computers under the DoubleCase brand name. Doublecase's products are currently available through distribution from Ingram Micro and sold through a wide variety of Internet e-commerce storefronts, computer mail-order catalogs, 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. For a description of additional risks and uncertainties, please refer to Banyan's filings with the Securities and Exchange Commission.

NOTE TO EDITORS: In the second paragraph there is a pound symbol following Guest Code 3217. This symbol may not appear properly in some systems, but is necessary to access the conference call.