Banyan Announces Shareholder Conference Call.

COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--Aug. 16, 1999--

Banyan Corporation (OTC BB:BANYE) cordially invites all shareholders, financial analysts, stockbrokers, market makers and other interested parties to participate in a telephone conference call to review second quarter results and recent business developments.

The conference call will be hosted by Cameron Yost, Banyan's president and chief executive officer. Second quarter results will be released prior to the conference call on Thursday. Details are as follows:

                 Date:   Thursday, August 19, 1999

                 Time:   4:30 p.m. EDT

     Telephone Number:   212/896-6175

On August 19th, just prior to the scheduled time, please dial the telephone number and ask to be connected with the Banyan conference call.

Replays of the conference call will be available between 9 a.m. and 10 a.m. EDT on August 20th by dialing 619/812-6440 and using access code 12925063. Audio cassette recordings will be available afterwards by request through Investor Relations.

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 Internet e-commerce. Banyan currently sells a line of hard-sided protective carrying cases for notebook computers under the DoubleCase brand name and controls 26% of Anything Internet Corporation. Banyan'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, 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.