NKBS Newtek Business Services

NEW YORK, July 28 /PRNewswire-FirstCall/ -- Newtek Business Services, Inc. (NASDAQ:NKBS) (http://www.newtekbusinessservices.com/), a provider of business services and financial products to the small to medium-sized business market, has announced today that Diane Roehrig, President and Executive Director of Alacom Finance (http://www.alacom.com/), a Birmingham based private, not-for-profit Certified Development Company has become a principal in the Company's Alabama Certified Capital Company (CAPCO) headquartered in Birmingham, Alabama. "Diane brings over 25 years of small business lending experience to her role with Wilshire Alabama Partners and is a national leader in economic development lending," said, Barry Sloane, Chairman and CEO of Newtek Business Services, Inc. "Diane's community focused not-for-profit has been, and continues to be, one of the Southeast's leading providers of economic development money with project loans exceeding $1 billion since inception. Her participation on the national Board of SCORE as well as being the Chairman of the Industrial Development Board of the city of Birmingham will allow Diane to greatly assist Wilshire Alabama Partners, LLC to efficiently and effectively deploy its capital resources toward economic development within the state of Alabama." "Wilshire Alabama Partners is an organization that has goals and objectives for deployment of capital into the business community of Alabama that parallel my own personal views of serving the needs of Alabama businesses. I am proud to directly associate myself as a Principal of the CAPCO in Alabama and look forward to many years of job creation and economic growth from our joint activities," said, Diane Roehrig, President, Alacom Finance. About Wilshire Alabama Partners, LLC. Wilshire Alabama Partners, LLC provides investment dollars to seed early stage business opportunities in Alabama. Through its involvement in the Certified Capital Company ("CAPCO") program, Wilshire Alabama Partners provides the right tool-chest for economic development and growth of small businesses and entrepreneurial spirit in Alabama. About Newtek Business Services, Inc. Newtek Business Services, Inc. is a direct distributor of business services and financial products to the small to medium-sized business market. According to the SBA, there are over 23 million small businesses in the United States which in total represent 99.7% of all employers, generate 60 - 80 percent of all new jobs annually and generate more than 50% of non-farm 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 65,000 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: * Newtek Small Business Finance: U.S. government-guaranteed small business lending services; * Newtek Merchant Solutions: electronic merchant payment processing solutions; * Newtek Insurance Agency: commercial and personal insurance; * Newtek Web Hosting: domain registration, hosting, web design and development; * Newtek Data Storage Services: data backup, archival and retrieval services; * Newtek Financial Information Systems: outsourced digital bookkeeping; and * Newtek Tax Services: tax filing, preparation and advisory services. The statements in this release may contain forward looking statements relating to such matters as anticipated future business strategies and financial performance, anticipated future number of customers, business prospects, legislative developments and similar matters. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward looking statements. In order to comply with the terms of the safe harbor, Newtek Business Services, Inc. notes that a variety of factors could cause its actual results to differ materially from the anticipated results expressed in the Company's forward looking statements such as intensified competition and/or operating problems and their impact on revenues and profit margins or additional factors as described in Newtek Business Services' 2004 annual report on Form 10-K. Contact: Myria Morris 212-356-9500 ext. 10103 DATASOURCE: Newtek Business Services, Inc. CONTACT: Myria Morris of Newtek Business Services, Inc., +1-212-356-9500 ext. 10103 Web site: http://www.newtekbusinessservices.com/ http://www.alacom.com/

Copyright