Banyan Extends Contract with Tradeway Communications; Both Banyan and Chiropractic USA Report Record Six-month Revenues.Business Editors 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. , Calif.--(BUSINESS WIRE)--Sept. 10, 2003 Banyan Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: BANY) on September 10, 2003, extended its business relationship with Tradeway Communications after a one-month trial. Banyan Chief Executive Officer Michael Gelmon said, "While we're making great strides in our corporate business plan, we always have to be cognoscente of the fact that we are a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. with a large shareholder base and many hundreds of thousands of potential investors. Tradeway Communications has done an excellent job at bringing awareness of our great strides to the public." Tradeway Communications, formerly Investment Strategies is an investor relations Investor relations The process by which the corporation communicates with its investors. company that deals only with high-potential, emerging markets. Banyan Corporation is an excellent example. For the six-month period, ending June 30, 2003, Banyan Corporation had a positive cash flow and record revenues of $1,012,804. 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, a Banyan subsidiary, had a record net income of $306,831 for the same six-month period. Banyan President Cory Gelmon stated, "What is truly exciting is that these revenues do not reflect our franchise royalty streams which began September 1st. It appears that we are positioned for record-breaking results, routinely in the near future." For more information about Chiropractic USA, please visit the Chiropractic USA Web site at www.ChiropracticUSA.net or call Banyan Corporation Investor Relations toll free at (877) 980-3114. About Chiropractic USA, Inc. Chiropractic USA, a subsidiary of Banyan Corporation, was founded in 2001 to establish a national franchise brand in the chiropractic industry. Banyan President Cory Gelmon and Banyan Chief Executive Officer Michael Gelmon are franchise lawyers who founded Domino's Pizza For Domino's Pizza in Australia, New Zealand, France, Belgium, the Netherlands and the Principality of Monaco, see . Domino's Pizza, LLC (NYSE: DPZ) (LSE: DOM) is an international pizza delivery corporation headquartered just outside Ann Arbor, Michigan, United of Canada Ltd. In early 2003, chiropractic coaches Dr. CJ Mertz of Team WLP WLP WebLogic Portal (Bea Systems) WLP Wafer Level Packaging WLP Women's Learning Partnership (Bethesda, MD) WLP Workplace Learning & Performance WLP World Library Partnership, Inc. and Dr. Dennis Nikitow of Certainty Products joined the Chiropractic USA Management Team. Chiropractic USA embarked on its plan in July 2002 by acquiring a chain of chiropractic clinics in Louisiana to serve as the Chiropractic USA flagship. 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 North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. by way of acquisitions of existing clinics as well as franchising Chiropractic clinics under its marks and uniform operating systems Operating systems can be categorized by technology, ownership, licensing, working state, usage, and by many other characteristics. In practice, many of these groupings may overlap. and practices. The company's other subsidiary; Banyan Financial Services, Inc. is providing practice finance solutions to the Chiropractic, Medical, Dental and Healthcare communities. The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 provides a "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " 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. For a description of additional risks and uncertainties, please refer to Banyan's filings with the Securities and Exchange Commission. |
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