Banyan Forms Dental Division

BOCA RATON, FL–(Marketwire – June 29, 2010) – Banyan Corporation (PINKSHEETS: BNYN) announced that its board of directors has agreed to the formation of a new operating unit of the company called “America’s Dentist.”

This operating division will focus on the multi-billion dollar dental industry and is establishing itself to provide marketing, finance, practice management and branding to the dental community. The company feels that it will be able to bring significant value added to a broad array of dental practices.

Banyan Corporation believes it can leverage off its significant experience with Chiropractic USA, as well as with its existing operations in its diagnostic imaging business, to move into the dental arena.

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 subsidiaries, Premier Medical Group, Inc. and affiliated companies, provide diagnostic testing services to physicians nationwide.

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.