NEW YORK, Apr 24, 2008 (PrimeNewswire via COMTEX News Network) -- Newtek Business Services, Inc. (Nasdaq:NEWT) (www.newtekbusinessservices.com), a provider of business services and financial products to the small- and medium-sized business market, today announced that Barry Sloane, chairman and chief executive officer, will address participants at the First Annual LD MICRO Conference at the Omni Los Angeles Hotel in Los Angeles, California on Tuesday, April 29, 2008 at 5:00 PM ET (2:00PM PT).

All interested parties are invited to view the presentation in the 'Events & Presentation' section of the Investor Relations portion of Newtek's website at www.newtekbusinessservices.com.

About Newtek Business Services, Inc.

Newtek Business Services, Inc. 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 87,000 business accounts, and has positioned the Newtek(tm) brand as a one-stop-shop provider of business services to the small- and medium-sized business market. According to the U.S. Small Business Administration, there are over 26.8 million small businesses in the United States, which in total represent 99.7 percent of all employer firms.

Newtek's business service lines include:

 * Electronic Payment Processing: 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 shared and
   dedicated web hosting and related services including domain
   registration and online shopping cart tools.

 * Business Lending: Broad array of lending products including SBA
   7(a), conventional commercial real estate and SBA 504 loans,
   business lines of credit, and business credit cards.

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

 * Web Design and Development: 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.

 * Outsourced Digital Bookkeeping: Bookkeeping and financial
   information management solutions.

 * Tax Preparation and Advisory Services: Expert tax planning and
   consultation for businesses.

 * Business Plan Preparation: Professional business plan development.

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

About LD MICRO

LD MICRO is a by-invitation-only newsletter firm that focuses on finding undervalued companies in the micro-cap space. Since 2002, the firm has published an annual list of recommended stocks as well as comprehensive reports on select names throughout the year. For more information on the list of presenting companies or to register for the event, please visit http://www.ldmicro.com or call 310-862-4512.

This news release was distributed by PrimeNewswire, www.primenewswire.com

SOURCE: Newtek Business Services Inc.

Newtek Business Services, Inc.
          Jayne Cavuoto, Director of Investor Relations
          212-273-8193
          jcavuoto@newtekbusinessservices.com

(C) Copyright 2008 PrimeNewswire, Inc. All rights reserved.

News Provided by COMTEX