Newtek Business Services, to Webcast Financials

New York, New York - (Cheap Web Hosting Directory) - August 9, 2007 - Small-medium business distributor and web hosting firm, Newtek Business Services, Inc., will conduct a financial conference call to discuss the company's results for the second quarter of 2007.



The conference call will be accessible via a toll free number by dialing 1-866-713-8563 and providing the pass code 75162299. Listeners are encouraged to ask any questions that they may have during the call. The conference call will also be broadcast over the Internet through Newtek's website at www.newtekbusinessservices.com. To listen to the webcast live, please go to Newtek's website approximately 15 minutes prior to the call to download any audio software which may be necessary. For those who miss the live broadcast, a replay will be available on the website approximately one hour after the call. The online archive of the web cast will be available for ninety days following the call.



Recently, Newtek developed a new payroll services offering, included in a business solution set including business lending, electronic payment processing, insurance services, web hosting, web design and development, outsourced digital bookkeeping, tax services, data backup and retrieval and business plan preparation.



Newtek Payroll Services will manage common employer needs, including paying employees, managing checks and direct deposits, and dealing with taxes. It provides powerful web-based controls which enable users to log on, record hours and payroll data and submit it, so that checks, stubs and direct deposits arrive on payday without hassle. The launch of Newtek Payroll Services will enable Newtek to grow its distribution and presence in the accounting, HR and small to medium-sized business markets. In addition, this will leverage Newtek's strong position with new and existing alliance partners.



Barry Sloane, Chairman and CEO of Newtek Business Services remarked, ''We are thrilled to be able to launch our new payroll product and add it to our extensive menu of business services. Obviously outsourced payroll solutions are and have been a staple product for the small business community year in and year out. Our connectivity to our insurance agency as well as our alliance partners that are looking to link payroll solutions to their Commercial Demand Deposit accounts as well as health and benefits plans puts Newtek in a unique position even against the largest provider of outsourced payroll solutions. Our solution allows us to service both 1-5 employee based firms as well as 500 employee based firms. Newtek continues to build its one stop shop for small to mediums sized business owners and it continues to further develop its reputation as the place to acquire outsourced business and financial services.''



Newtek Business Services, Inc. is a direct distributor to the small to medium-sized business market under the Newtek TM brand. According to the SBA, there are over 25.8 million small businesses in the United States, which in total represent 99.7% of all employer firms, generate 60 – 80% of all new jobs annually and create more than 50% of non-farm private GDP. Newtek focuses on providing its 75,000 customers with access to financial, management and technological resources designed to enable them to better grow and compete in the marketplace. Newtek's products and services include:

• Business Lending: Business loans to start up, acquire, or expand a business


• Electronic Payment Processing: Credit card, debit card, check conversion, and ACH solutions


• Insurance Services: Nationwide commercial and personal lines of insurance


• Outsourced Digital Bookkeeping: Bookkeeping and recordkeeping at a fraction of the cost of in-house staff


• Web Hosting: Full service web host including domain registration and online shopping cart tools


• Web Design and Development: Customized web design and development services for a powerful web presence


• Tax Preparation and Advisory Services: Expert tax planning and consultation for your business


• Data Backup, Storage and Retrieval: Fast, secure, off-site data backup, storage and retrieval


• Business Plan Preparation: Professional business plan assistance providing a roadmap for success


• Payroll: Payroll management processing and employee tax filing