NKBS Newtek Business Services

NEW YORK, Feb. 16 /PRNewswire-FirstCall/ -- Credit unions and their members will have access to a suite of recently developed information technology services through an expanded endorsement agreement between Newtek Business Services, Inc. (NASDAQ:NKBS) and CUNA. The services include data storage backup, archival and retrieval services, Web site hosting, and Web site design and development services. The services were designed to be utilized by the credit unions themselves and for sale to business and other members of the credit unions needing such services. Barry Sloane, Chairman and CEO of Newtek Business Services, Inc., said, "These information technology services are part of the business set of offerings which provide for a broad array of business and financial services to be utilized by credit unions and their members across the United States." "Currently 35 credit union leagues representing approximately 6,155 credit unions endorse Newtek Business Services for SBA Lending and Merchant Processing and these additional information technology offerings, along with others that will be announced in the near future, will provide a robust platform providing high quality member business services," Sloane continued. "The ability to efficiently and effectively distribute these services across all 50 states to 9,000 credit unions and their members is a hallmark of Newtek Business Services, Inc. offerings. This exclusive endorsement is for a three- year term." For more information, visit http://www.newtekbusinessservices.com/. About Credit Union National Association (CUNA) CUNA Strategic Services, Inc., owned jointly by Credit Union National Association (CUNA) and the state leagues, provides 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. 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. For more information visit 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 percent of all employers, generate 60 percent to 80 percent of all new jobs annually and generate more than 50 percent 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 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. 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, Newtek Business Services, +1-212-356-9500, Web site: http://www.newtekbusinessservices.com/

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