NEW YORK, Feb. 23, 2009 (GLOBE NEWSWIRE) -- 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 it will report its fourth quarter 2008 financial results on Wednesday, March 18th, 2009. A conference call to discuss these results will be hosted by Barry Sloane, chairman and chief executive officer, and Seth Cohen, chief financial officer, on Wednesday, March 18th, 2009 at 4:15 pm EDT. The live conference call can be accessed by dialing (877) 681-3377 (domestic) or (719) 325-4820 (international).
A live audio webcast of the call and the corresponding presentation will be available in the "Events & Presentation" section of the Investor Relations portion of Newtek's website at http://www.newtekbusinessservices.com. A replay of the webcast with the corresponding presentation will be available on Newtek's website shortly following the live presentation. The telephone replay can be accessed by dialing (888) 203-1112 (domestic) or (719) 457-0820 (international) and using the replay passcode 3397074. Both web-based and telephonic replays will be available for 90 days 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 such business services. 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.
Note Regarding Forward Looking Statements
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.
For more information, please visit www.newtekbusinessservices.com.