CrystalTech Launches ‘Summer Spectacular’ Shared Hosting Promotion

Phoenix, AZ, July 5, 2005– CrystalTech Web Hosting Inc, a subsidiary of Newtek Business Services (NASDAQ: NKBS) and a leading provider of Windows-based web hosting, announced the launch of a new sales promotion that provides customers five months of shared hosting service for free.

As a part of its ‘Summer Spectacular’ sale, when you order a new shared hosting plan from July 1st to July 22nd from CrystalTech’s website and use the promotion code of SUMMER2005 to pay for the setup and the first month’s hosting fees upfront, you will receive the rest of the year, five additional months, at no charge. This allows customers to not have to pay for their hosting until 2006 by simply paying for one month and the setup fee when they first start their plan.

“With our well renowned service and support, feature-packed plans and competitive prices, we feel that our shared hosting plans provide a value unmatched throughout the industry,” said Tim Uzzanti, CEO of CrystalTech. “By providing four months of service for free, our hope is that more people can try hosting with CrystalTech very inexpensively and experience why we’re the best around.”

More details regarding terms and conditions of the ‘Summer Spectacular’ promotion can be found at http://www.crystaltech.com/summer_spectacular.htm.

About CrystalTech
Founded in 1992, CrystalTech Web Hosting, Inc. is one of the largest Windows-based web hosting companies in the world, hosting customers in over 100 countries, ranging from small businesses to Fortune 100 corporations. CrystalTech is responsible for hundreds of millions of visits each day on the Internet and uses a state-of-the-art data center that includes redundancy throughout core systems like power, air conditioning, network connectivity, network transportation, as well as a secured environment for their network operations center. CrystalTech is a subsidiary of Newtek Business Services, Inc. (NASDAQ: NKBS), a premier provider of business services and financial products to small and medium-sized businesses. For more information about CrystalTech, please contact 877-323-4678 or visit http://www.crystaltech.com.

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 45,000 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.