Banyan Corporation Pushes Nerve Testing Using Its Proprietary VT-3000 Equipment

LOS ANGELES--(BUSINESS WIRE)--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.

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