NEW YORK, May 27, 2010 (GlobeNewswire via COMTEX News Network) -- Newtek Business Services, Inc. (Nasdaq:NEWT), The Small Business Authority, has announced that its CEO and Chairman, Barry Sloane, will appear on FOX Business Channel Live Friday, May 28, 2010 at 5:00-6:00 pm Eastern.

Barry Sloane will be interviewed by Rebecca Diamond. The focus of this appearance will be about President Barack Obama's 30 billion dollar small business lending plan. The show will be broadcast live from FOX's Happy Hour Show at the Waldorf Astoria's restaurant The Bull and The Bear. Please check your local cable provider for the channel listing of Fox Business Channel.

About Newtek Business Services, Inc.

Newtek Business Services, Inc., The Small Business Authority, is a direct distributor of a wide range of business services and financial products to the small- and medium-sized business market under the Newtek(TM) brand. Since 1999, Newtek has helped small- and medium-sized business owners realize their potential by providing them with the essential tools needed to manage and grow their businesses and to compete effectively in today's marketplace. Newtek provides one or more of its services to over 100,000 business accounts and has positioned the Newtek(TM) brand as a one-stop-shop provider of such business services. According to the U.S. Small Business Administration, there are over 29.6 million small businesses in the United States, which in total represent 99.7% of all employer firms.

Newtek's business service lines include:

  --  Electronic Payment Processing: eCommerce, electronic solutions to accept
      non-cash payments, including credit and debit cards, check conversion,
      remote deposit capture, ACH processing, and electronic gift and loyalty
      card programs.

  --  Web Hosting: Full-service web host which offers eCommerce solutions,
      shared and dedicated web hosting and related services including domain
      registration and online shopping cart tools.

  --  eCommerce: a suite of services that enable small businesses to get up
      and running on-line quickly and cost effectively, with integrated web
      design, payment processing and shopping cart services.

  --  Business Lending: Broad array of lending products including SBA 7(a) and
      SBA 504 loans.

  --  Insurance Services: Commercial and personal lines of insurance,
      including health and employee benefits in all 50 states, working with
      over 40 insurance carriers.

  --  Web Services: Customized web design and development services.

  --  Data Backup, Storage and Retrieval: Fast, secure, off-site data backup,
      storage and retrieval designed to meet the specific regulatory and
      compliance needs of any business.

  --  Accounts Receivable Financing: Receivable purchasing and financing
      services.

  --  Payroll: Complete payroll management and processing services.

Note Regarding Forward Looking Statements

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 http://www.sec.gov.

For more information, please visit www.newtekbusinessservices.com.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Newtek Business Services Inc.

CONTACT: Newtek Business Services, Inc.
Barry Sloane, Chairman and CEO
212-356-9500
bsloane@newtekbusinessservices.com
Rubenstein Public Relations
Adam Mazur
(212) 843-8073
amazur@rubensteinpr.com

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