Banyan DoubleCase Unit Joins Ingram Micro's Partnership America Program.

COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--Dec. 16, 1998--Banyan Corporation (OTC BB:BANY) announces that its wholly-owned DoubleCase subsidiary has expanded its distribution agreement with Ingram Micro Inc. (NYSE:IM) to include DoubleCase as a partner in Ingram Micro's Partnership America(sm) Program.

Partnership America(sm) is an Ingram Micro sales program targeting resellers and integrators that sell to public and private grade schools, junior high schools, high schools, two- and four-year colleges and university campuses. Through Partnership America(sm) DoubleCase will offer various product discounts and incentives to Partnership America(sm) resellers and integrators selling to approved government and educational institutions.

Ingram Micro, headquartered in Santa Ana, Calif., is the world's leading wholesale distributor of technology products and services, and a leading provider of assembly and integration services, with sales over $20.9 billion for the last four quarters. The company and its affiliates operate in 31 countries, distributing more than 190,000 products to over 115,000 resellers in 120 countries. Ingram Micro's Internet site may be found at www.ingrammicro.com.

Cameron Yost, Banyan's president and chief executive officer, stated, "By participating in the Partnership America program, Banyan is positioning itself to take advantage of pending changes in our country's educational system. With the cost of replacing textbooks rising to stratospheric levels, many state legislatures are now debating the pros and cons of buying students portable notebook computers and, when educators make changes to the curriculums taught, all they will need to do is load an updated CD-ROM disc rather than buy a whole set of new books. We think Banyan's DoubleCase products are a natural fit to this fledgling concept and that Partnership America is an important step in securing future such government and educational sales."

Banyan Corporation is a publicly traded holding company with operating subsidiaries engaged in designing, manufacturing and marketing a variety of personal computer accessory products with a focus on the notebook computer market -- the fastest growing segment of the personal computer industry. Through its wholly-owned DoubleCase Corporation subsidiary, Banyan is a leading manufacturer of notebook computer hard-sided protective carrying cases. Banyan's products are currently available through distribution from Ingram Micro and 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, 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.