NEW YORK, Aug 18, 2008 (GlobeNewswire 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 RedChip 2008 Small-Cap Investor Conference at the New York Marriot Marquis in New York City on Thursday, August 21, 2008 at 9:50 a.m. ET.

All interested parties are invited to listen to the live webcast and view the corresponding presentation beginning at 9:50 a.m. ET in the 'Events & Presentation' section of the Investor Relations portion of Newtek's website at www.newtekbusinessservices.com. A replay of the webcast and the corresponding presentation will be available on Newtek's website shortly following the live presentation. The replay will be available for 90 days following the live presentation.

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 90,000 customers, 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 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.

About RedChip Companies, Inc.

RedChip Companies is an international, small-cap research and financial public relations firm with offices in Maitland, Florida; Bangalore, India; and Beijing, with affiliates in New York and San Diego. RedChip delivers concrete, measurable results for its clients through its extensive national and international network of small-cap institutional and retail investors. RedChip has developed the most comprehensive platform of products and services for small-cap companies, including: RedChip Research(tm), Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences, RedChip Internet TV(tm), and RedChip Radio(tm). To learn more about RedChip's products and services please visit: http://www.redchip.com/visibility/productsandservices.asp.

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

SOURCE: Newtek Business Services Inc.

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

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