NEW YORK, Sep 19, 2007 (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 business market under the Newtek™ brand, announced today that Barry Sloane, Chairman and CEO, will present at the Maxim Group Growth Conference in New York City on Thursday, September 20, 2007 at 1:30 p.m. EST. The conference will be held at the Grand Hyatt New York Hotel. The Maxim Group Growth Conference will feature interactive presentations from over 70 companies, as well as one-on-one meetings with executives from the Healthcare, Technology, and Special Situations Sectors. Attendees will include securities analysts, fund managers and institutional investors. The webcast will be available live at www.maximgrp.com.

About Newtek Business Services, Inc.

Newtek Business Services, Inc. is a direct distributor to the small to medium-sized business market under the Newtek™ brand. According to the SBA, there are over 25.8 million small businesses in the United States, which in total represent 99.7% of all employer firms, generate 60-80% of all new jobs annually and create more than 50% 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 80,000 customers 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 Services: Payroll management processing to employee tax
    filing

For more information, go to www.newtekbusinessservices.com.

About Maxim Group

Maxim Group is leading investment banking, securities and investment management firm. The Firm provides an array of financial services including: investment banking, equity research, private wealth management, structured products, and global institutional equity, fixed-income and derivative sales and trading to a diverse range of corporate clients, institutional investors and high net worth individuals.

Maxim Group is registered as a broker-dealer with the U.S. Securities and Exchange Commission and is a member of the following: National Association of Securities Dealers (NASD); Municipal Securities Rulemaking Board (MSRB); Securities Insurance Protection Corporation (SIPC); International Securities Exchange (ISE); NASDAQ Stock Market; and NYSE Arca, Inc. For additional information, please visit http://www.maximgrp.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