Banyan Rail Services Inc. to Trade Under Ticker Symbol “BARA” Business Wire BOCA RATON, Fla. -- January 29, 2010 Banyan Rail Services Inc. (OTCBB:BARA) announced today that it has been assigned the new trading symbol, “BARA”, for its common stock by the Over-the-Counter Bulletin Board, effective today. Previously, Banyan Rail’s stock traded under the symbol, “BHIT”. Earlier this year, Banyan Rail announced that it had changed its name from B.H.I.T., Inc. to better reflect the Company’s plan to grow through the acquisition of railroad-related service companies. Banyan Rail Services Inc. is a railroad support services company headquartered in Boca Raton, Florida. The Company owns The Wood Energy Group, Inc., one of the nation’s largest railroad tie reclamation/energy generation companies. For more information on Banyan Rail, visit our website at: www.banyanrail.com. Safe Harbor Regarding Forward-Looking Statements Some of the statements that we make in this press release, including statements about our confidence in the Company’s prospects and strategies are forward-looking statements within the meaning of §21E of the Securities Exchange Act. Some of these forward-looking statements can be identified by words like “believe,” “expect,” “will,” “should,” “intend,” “plan,” or similar terms; others can be determined by context. Statements contained in this release that are not historical facts are forward-looking statements. These statements are necessarily estimates reflecting our best judgment based upon current information, and involve a number of risks and uncertainties. Many factors could affect the accuracy of these forward-looking statements, causing our actual results to differ significantly from those anticipated in these statements. You should not place undue reliance on our forward-looking statements, which reflect our analysis only as of the date of this release. The risks and uncertainties listed above and in documents that we file with the Securities and Exchange Commission, including our annual report on Form 10-K, quarterly reports on Form 10-Q, and any current reports on Form 8-K, must be carefully considered by any investor or potential investor in the Company. Contact: Banyan Rail Services Inc. Larry Rutstein, 561-997-7775
Banyan Rail Services Inc. to Trade Under Ticker Symbol “BARA”
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