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2005-02-16
Newtek Business Services, Inc. Signs Exclusive Agreement With the U.S. Women's Chamber of Commerce
NEW YORK, Feb 16, 2005 /PRNewswire-FirstCall via COMTEX/ -- Newtek Business Services, Inc. (NKBS) (http://www.newtekbusinessservices.com), a provider of business services and financial products to the small to medium-sized business market, today announced that its small business lender, Newtek Small Business Finance, has signed an exclusive agreement with the U.S. Women's Chamber of Commerce (http://www.uswomenschamber.com) to provide small business loans to the chamber's 150,000 members throughout the country.
Barry Sloane, Chairman and CEO of Newtek Business Services, Inc., said, "We welcome the opportunity to provide capital to women-owned businesses and members of the USWCC across the nation. We are pleased that the USWCC has taken capital acquisition for its members as one if its top goals in 2005 and we believe that our software, systems expertise and support for this great association will create significant business activity. We hope to expand our relationship to include our other products and services in the future."
Margot Dorfman, CEO of the U.S. Women's Chamber of Commerce, added, "The U.S. Women's Chamber of Commerce is serious about helping our members obtain the access to capital they need to grow their businesses. Through our work with Newtek Small Business Finance, we will be assured that our members have full access to the financing they need for their businesses. The USWCC is also providing extensive educational opportunities for women on accessing capital for their businesses through our educational programs provided across the U.S. and through our online and live support systems."
About the U.S. Women's Chamber of Commerce
The U.S. Women's Chamber of Commerce(TM) is the pre-eminent national women's chamber of commerce network whose mission is to develop leaders, accelerate economic growth and provide a community voice for women. The USWCC, a not-for-profit 501(c)6 organization founded in 2001, is growing through councils and strategic alliances across the U.S. Creating and representing the next generation of leadership for women, the USWCC is women's connection to influence, education, opportunity and advancement. Its headquarters offices are located in Washington, D.C.
About Newtek Business Services, Inc.
Newtek Business Services, Inc. is a premier provider of business services and financial products to the small to medium-sized business market. Newtek's core brands are:
* Newtek Small Business Finance: U.S. government-guaranteed small
business lending services;
* Newtek Merchant Solutions: electronic merchant payment processing
solutions;
* Newtek Insurance Agency: customized insurance products provided
through Keyosk;
* Newtek IT Services: complete information technology solutions;
* CrystalTech Web Hosting: comprehensive web site 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' 2003 annual report on Form 10-K and subsequently filed registration statements.
Contacts:
Newtek Business Services
Barry Sloane
Chairman of the Board & CEO
212-356-9500
bsloane@newtekbusinessservices.com
Dave Gentry
Aurelius Consulting Group, Inc.
407-644-4256
dave@aurcg.com
SOURCE Newtek Business Services, Inc.
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