NEW YORK, May 13, 2009 (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, announced today it has signed an alliance partnership with The Latino Coalition (TLC) to provide insurance products to its more than one million members.

Hector Barreto, chairman of The Latino Coalition and former administrator of SBA under George W. Bush, said, "TLC is pleased to partner with Newtek Business Services. As a leader in providing financial products and business services to small businesses, we couldn't have chosen a better partner for commercial insurance than Newtek. Their bilingual capability adds to their value in reaching our membership. TLC's agenda is to develop initiatives and partnerships that will foster economic equivalency and enhance overall business, economic, and social development of Latinos."

Barry Sloane, chairman and CEO of Newtek Business Services, Inc., said, "Newtek will make available to Latino Coalition members access to the leading commercial insurance carriers in the country. Newtek can place all lines of commercial insurance, including commercial property, casualty, auto, umbrella, professional liability and workers compensation, among others for all industries and company sizes. We can handle the business owner's commercial insurance needs as well as take care of his or her personal insurance needs all under one product offering."

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:

 *  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.

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.

About The Latino Coalition

The Latino Coalition (TLC) was founded in 1995 by a group of Hispanic business owners from across the country to research and develop policies relevant to Latinos. TLC is a non-profit nationwide organization based in Irvine, CA, with offices in Washington, DC and Mexico. TLC was established to address policy issues that directly affect the well-being of Hispanics in the United States. TLC's agenda is to develop initiatives and partnerships that will foster economic equivalency and enhance overall business, economic and social development of Latinos.

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