Banyan’s Premier Medical Group® Forecast Record Revenues
LOS ANGELES--(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
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