Banyan Establishes Dividend Record and Payable Dates.

COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--Oct. 27, 1998--Banyan Corporation (OTC BB:BANY) announces that its Board of Directors has established record and payable dates for the previously announced stock dividend of 200,000 shares of Anything Internet Corporation Common Stock.

Shareholders of record on Nov. 3, 1998, will receive a pro-rata distribution of the Anything Internet shares on Dec. 7, 1998.

The exact dividend ratio will be determined by the number of Banyan shares issued and outstanding on the record date, but is anticipated to be approximately one share of Anything Internet stock for every 45 shares of Banyan Common Stock held. Fractional shares will not be issued; any fractional amounts will be rounded downward.

On Sept. 9, 1998, Banyan entered into an agreement to acquire a 33% minority interest, or one-million shares of Common Stock, in Internet retailer Anything Internet. After paying this dividend, Banyan will retain 800,000 shares of Anything Internet's stock. Anything Internet anticipates its Common Stock will commence trading on the OTC Bulletin Board sometime in late Fall 1998.

Cameron Yost, Banyan's President and Chief Executive Officer, stated, "Management is very pleased to be able to share in the growth of the Company with its shareholders through this dividend of Anything Internet Common Stock. Our relationship with Anything Internet continues to grow daily and we believe that the Internet will continue to play an increasingly larger role in the computer retail industry.

"By moving early, Banyan is working to develop key relationships with companies such as Anything Internet that will add to the long-term growth and viability, while enhancing the overall value, of Banyan and its subsidiaries."

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.