Banyan Introduces Shareholder Rewards Program.

COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--Sept. 22, 1997--Banyan Corporation (OTC Bulletin Board: BANY) announces the establishment of its Shareholder Rewards Program. The Shareholder Rewards Program is open to all current Banyan shareholders and entitles each shareholder to receive an across the board 25% discount off the suggested retail prices on all Banyan products. There is no limit to the number or type of products a shareholder may purchase through the Shareholder Rewards Program.

Cameron Yost, Banyan's President and Chief Executive Officer, stated, "I am pleased to be able to announce the commencement of our new Shareholder Rewards Program. We at Banyan feel very fortunate to have such a supportive and loyal group of shareholders and think that, as part owners of the Company, shareholders deserve special recognition and should be entitled to certain fringe benefits. On behalf of the Board of Directors, I would like to extend a warm `thank you' to our shareholders for their continued support and that we all look forward to carrying on as a team to make Banyan an international success."

To request additional information on the Shareholder Rewards Program and receive a special order form by mail or fax please contact investor relations by telephone at [phone] or by e-mail at [e-mail].

Banyan Corporation is a publicly held holding company with operating subsidiaries engaged in designing, manufacturing and marketing a variety of accessory products, including a full line of hard-sided protective carrying cases, for the notebook computer market -- the fastest growing segment of the personal computer industry. Banyan's products are currently 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 including its own DoubleCase UK Limited subsidiary, 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, planed 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.

CONTACT: Sitra Enterprises Inc.

Investor Relations, 512/453-3817 or [e-mail]

http://www.sitra.com/bany/