NEW YORK, Jun 2, 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 Palace Hotel in San Francisco, California on Thursday, June 5, 2008 at 12:20 p.m. ET (9:20 a.m. PT).

All interested parties are invited to listen to the live webcast and view the corresponding presentation beginning at 12:20 p.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.

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 88,000 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 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 PrimeNewswire, www.primenewswire.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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