Banyan Rail Services Inc. to Trade Under Ticker Symbol “BARA”

  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:

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


Banyan Rail Services Inc.
Larry Rutstein, 561-997-7775
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