NEW YORK, Feb 4, 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 RedChip Small-Cap Investor Conference at the Four Seasons Resort in Scottsdale, Arizona on Thursday, February 7, 2008 at 1:50 PM EST (11:50 AM MST).

All interested parties are invited to listen to the live webcast and view the corresponding presentation beginning at 11:50 AM MST 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.

About RedChip Companies, Inc.

RedChip Companies is an international small-cap research and financial public relations firm with offices in Beijing and Orlando and affiliates in New York and San Diego. RedChip delivers measurable results for its clients through its extensive international market expertise as well as its comprehensive platform of products: RedChip Research, Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences held throughout the United States, and RedChip Radio. To learn more about RedChip's products and services please visit: http://www.redchip.com/visibility/services.asp.

About Newtek Business Services, Inc.

Newtek Business Services, Inc. is a direct distributor to the small- to medium-sized business market under the Newtek TM brand. 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, generate 60 to 80 percent of all new jobs annually and create more than 50 percent 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 84,000 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 business

* Electronic Payment Processing: Credit card, debit card, check conversion, and ACH solutions

* Insurance Services: Nationwide commercial and personal lines of insurance

* 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, please visit www.newtekbusinessservices.com.

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

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

SOURCE: Newtek Business Services Inc.

Newtek Business Services, Inc.
         Barry Sloane, Chairman of the Board & CEO
         212-356-9500
         bsloane@newtekbusinessservices.com

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