NKBS Newtek Business Services

NEW YORK, Nov. 11 /PRNewswire-FirstCall/ -- Newtek Business Services, Inc. (NASDAQ:NKBS) (http://www.newtekbusinessservices.com/), announced today the extension and expansion of its alliance relationship with CUNA Strategic Services. For the past two years, Newtek business Services has had the exclusive CUNA endorsement for Small Business Administration-guaranteed lending and for merchant card processing services. The new agreement extends the existing relationship for three years and lays the groundwork for additional business services and outsourced solutions to be made available by Newtek to the approximately 9,000 credit unions, and their more than 87 million members, across the United States. The additional business services to be delivered by Newtek are part of the agreement that will be announced shortly to round out the menu of financial products available to credit unions and their members. Barry Sloane, CEO and Chairman of Newtek Business Services said, "Our relationship with CUNA and the credit union community as a business partner has come a long way. We have invested some of our best assets and resources into this relationship and it is beginning to blossom. We are thrilled that CUNA and over 150 credit unions across the United States have recognized our superior products and services and have contracted to provide our services to their members. The extension and expansion of our relationship demonstrates better than anything else could that our alliance is working." About CUNA Strategic Services Credit Union National Association (CUNA) serves more than 90 percent of America's 9,000 credit unions, which are owned by nearly 87 million consumer members. Credit unions are not-for-profit cooperatives providing affordable financial services to people from all walks of life. CUNA Strategic Services, Inc., owned jointly by CUNA and the state leagues, provide credit unions with access to high quality products, services and technologies delivered with a competitive advantage made possible through volume pricing and strategic program development. For more information, visit http://www.strategicservices.cuna.org/. About Newtek Business Services, Inc. Newtek Business Services, Inc. is a direct distributor 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 current 54,000 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; -- CrystalTech Web Hosting: domain registration, hosting and storage; -- 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. Contacts: Newtek Business Services Barry Sloane Chairman of the Board & CEO 212-356-9500 DATASOURCE: Newtek Business Services, Inc. CONTACT: Barry Sloane, Chairman of the Board & CEO of Newtek Business Services, +1-212-356-9500, or Web site: http://www.newtekbusinessservices.com/ http://www.strategicservices.cuna.org/

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