Banyan Corporation (OTCBB:BNYN) announced that its wholly owned subsidiary, Premier Medical Group (�PMG�), of Boca Raton, Florida, is concentrating sales efforts on its revolutionary VT-3000 nerve testing equipment. This is due to increased demand for this type of product. The market size for nerve testing is estimated by management to be in the millions. The VT�3000 is a nerve conduction velocity testing machine that allows health care professionals to conduct testing themselves without the need to arrange a test with an outside technician. The company generates net profitability of approximately $5000 for each unit sold and another $1000 for training. Premier has set conservative goals of selling 10 machines per month. If the plan is successful, the company will add $720,000 to its profits.

Michael Gelmon, CEO of Banyan Corporation, stated: �Premier has chosen to focus on marketing the VT-3000 due to the increased demand from the Chiropractic and Medical practices for this new technology. The machine allows for a more efficient and less time consuming test.�

PMG specializes in Nerve Conduction Velocity testing across the United States.

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.

Banyan (CE) (USOTC:BNYN)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024 Haga Click aquí para más Gráficas Banyan (CE).
Banyan (CE) (USOTC:BNYN)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024 Haga Click aquí para más Gráficas Banyan (CE).