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Banyan Corp's Premier Medical Group Recognized as Nation's Leading Electro Diagnostic Testing Centers.


LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850.  -- Banyan Corporation (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:BANY), franchisors of nationally branded Chiropractic chiropractic (kīrəprăk`tĭk) [Gr.,=doing by hand], medical practice based on the theory that all disease results from a disruption of the functions of the nerves.  USA clinics, and owner of Premier Medical Group and Virtual Medical Systems, Inc. (VMS (1) (Virtual Memory System) A multiuser, multitasking, virtual memory operating system for the VAX series from Digital. VMS applications run on any VAX from the MicroVAX to the largest unit. See OpenVMS. ), announced that its subsidiary, Premier Medical Group has added 75 new physician groups able offer its unique testing services. This would increase Premier Medical Groups physician data-base to over 4300 in number.

Michael Gelmon, Banyan CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , speaking to analysts said that these new physicians, who signed on to Premier's system between January 1st and April 30th, 2007 would add an additional $725,000 in annual revenue. This will allow us to revise upward our estimated yearly revenue to approximately $7.5 million. "These additional physicians, utilizing both our VMS and Premier services, consolidate our position as one of the largest electro diagnostic testing Diagnostic testing
Testing performed to determine if someone is affected with a particular disease.

Mentioned in: Von Willebrand Disease
 companies in the United States. Banyan continues to outperform our early estimates."

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 (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, 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.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:May 3, 2007
Words:322
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