Newtek Business Services to Hold First Quarter Earnings Call May 10th at 8:30 AM EDT

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Newtek Business Services to Hold First Quarter Earnings Call May 10th at 8:30 AM EDT

May 9, 2007

Newtek Business Services to Hold First Quarter Earnings Call May 10th at 8:30 AM EDT

NEW YORK, May 9 /PRNewswire-FirstCall/ -- Newtek Business Services, Inc. (Nasdaq: NEWT) ( a direct distributor to the small to medium sized business market, announced that its conference call to discuss the company's results for the first quarter 2007 has been rescheduled for tomorrow, May 10, at 8:30 am EDT because of technical difficulties experienced by the company's conference call provider, at the previously scheduled time. Newtek regrets any inconvenience caused by this delay.

The conference call will be accessible via a toll free number by dialing 866.770.7120 and providing the pass code 89043270. Listeners are encouraged to ask any questions that they may have during the call. The conference call will also be broadcast over the Internet through Newtek's website at . To listen to the webcast live, please go to Newtek's website approximately 15 minutes prior to the call to download any audio software which may be necessary. For those who miss the live broadcast, a replay will be available on the website approximately one hour after the call. The online archive of the web cast will be available for ninety days following the call.

About Newtek Business Services, Inc.

Newtek Business Services, Inc. is a direct distributor to the small to medium-sized business market under the Newtek ™ brand. According to the SBA, there are over 25.8 million small businesses in the United States, which in total represent 99.7% of all employer firms, generate 60 - 80% of all new jobs annually and create more than 50% of non-farm private GDP. Since 1999, Newtek has helped these business owners realize their potential by providing them with the essential tools needed to manage and grow their businesses. Newtek focuses on providing its 78,000 business accounts with access to financial, management and technological resources that enable them to better grow and compete in today's marketplace. Newtek's products and services include:

    -- Business Lending:  Business loans to start up, acquire, or expand a
    -- Electronic Payment Processing:  Credit card, debit card, check
       conversion, and ACH solutions
    -- Insurance Services:  Nationwide commercial and personal lines of
    -- Outsourced Digital Bookkeeping:  Bookkeeping and recordkeeping at a
       fraction of the cost of in-house staff
    -- Web Hosting:  Full service web host including domain registration and
       online shopping cart tools
    -- Web Design and Development:  Customized web design and development
       services for a powerful web presence
    -- Tax Preparation and Advisory Services:  Expert tax planning and
       consultation for your business
    -- Data Backup, Storage and Retrieval:  Fast, secure, off-site data
       backup, storage and retrieval
    -- Business Plan Preparation:  Professional business plan assistance
       providing a roadmap for success
    -- Payroll:  Payroll management processing and employee tax filing

For more information, go to

Statements in this press release including statements regarding Newtek's beliefs, expectations, intentions or strategies for the future, may be "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. All forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from the plans, intentions and expectations reflected in or suggested by the forward- looking statements. Such risks and uncertainties include, among others, intensified competition, operating problems and their impact on revenues and profit margins, anticipated future business strategies and financial performance, anticipated future number of customers, business prospects, legislative developments and similar matters. Risk factors, cautionary statements and other conditions which could cause Newtek's actual results to differ from management's current expectations are contained in Newtek's filings with the Securities and Exchange Commission and available through

    Newtek Business Services
    Barry Sloane
    Chairman of the Board & CEO
SOURCE  Newtek Business Services, Inc.
    -0-                             05/09/2007
    /CONTACT:  Barry Sloane, Chairman of the Board & CEO of Newtek Business
Services, +1-212-356-9500, /
    /Web site: /

CO: Newtek Business Services, Inc. ST: New York IN: FIN SU: CCA

FB-FB -- NYW140 -- 5037 05/09/2007 17:24 EDT