Banyan’s Premier Medical Group® Forecast Record Revenues
29 Abril 2009 - 7:00AM
Business Wire
Banyan Corporation (OTCBB:BNYN) announced that its wholly owned
subsidiary, Premier Medical Group (�PMG�), of Boca Raton, Florida,
has achieved a record number of tests since its restructuring. In
March PMG conducted 407 Diagnostic Tests and April should surpass
450 tests. Revenues from these two months are expected to exceed
$600,000. PMG is forecasting gross revenues in excess of $3,600,000
in 2009.
Michael Gelmon, CEO of Banyan Corporation, stated: �Our business
is recovering and growing significantly. PMG diagnostic testing
services is quickly becoming a recognized and highly valued source
by the medical community. We anticipate that this demand will
continue to increase during this year. We expect to meet and exceed
our 2009 goal of $3.6 million.
In addition to PMG, our recent published report announcing the
initiation of On-Line services for our Chiropractic USA division,
indicate the expansion of all segments of our business. We
anticipate this trend to continue thru 2009�.
PMG specializes in Nerve Conduction Velocity testing.
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 branded
Chiropractic clinics throughout North America by way of franchising
and licensing locations and the use of uniform operating systems
and practices. The company�s other subsidiaries, Premier Medical
Group LLC, provides 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.
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