NKBS Newtek Business Services

NEW YORK, Jan. 13 /PRNewswire-FirstCall/ -- Newtek Business Services, Inc. (NASDAQ:NKBS) (http://www.newtekbusinessservices.com/), announced today, that through its operating subsidiaries, it has contracted with the General Motors Minority Dealers Association (GMMDA) to offer three primary and several other business and financial services products to its over 200 auto dealership members. Newtek Business Services, Inc. is a leading national provider of merchant services, SBA loans, and all commercial lines of business insurance. Newtek is the 30 largest lender in the U.S. by volume of loans by its lending subsidiary. Newtek is also the second largest Microsoft Windows Only webhosting company in the world through its webhosting subsidiary. Newtek, through its merchant services division, estimates that the processing and servicing merchant accounts will approach 2 billion in transaction volume annually. Barry Sloane, Chairman and CEO of Newtek Business Services, Inc, states, "We are thrilled to make this announcement and are excited about the prospect of providing services and financial products to the GMMDA. We look forward to a long term relationship and delivering the highest quality products and service to the member base. We are uniquely positioned to make a multifaceted business service offering to business owners of auto dealers and do so with the endorsement and recommendation of the GMMDA." "We are equally excited about working with Newtek Business Services to offer GMMDA members innovative products and services including additional options and resources for securing loans, merchant processing, and insurance to assist them with developing and growing their businesses," said GMMDA executive director Marjorie Staten. "Our new partnership will be instrumental as we continue to pursue our mission of promoting and protecting the viability and profitability of our GM minority dealers." About General Motors Minority Dealers Association (GMMDA) The General Motors Minority Dealers Association is a non-profit organization that represents the interest the interest of over 200 minority owned General Motor dealerships across the country. The mission of the GMMDA is to promote, protect, and encourage the viability and profitability of all existing General Motors Minority Dealers and to encourage through cooperative efforts with General Motors, the installation of new minority dealers in viable and profitable opportunities. 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; * Newtek Insurance Agency: commercial and personal insurance; * 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, Web site: http://www.newtekbusinessservices.com/

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