NEW YORK, March 21 /PRNewswire-FirstCall/ -- Newtek Business Services, Inc. (http://www.newtekbusinessservices.com/), a provider of business services and financial products to the small to medium-sized business market, has confirmed its earnings guidance and revenue guidance for 2005 at $0.20 to $0.22 in earnings per share and gross revenues on a consolidated basis of $94 to $96 million. The Company will be rescheduling its conference call to April 4, 2006 at 4:15pm. The Company will also be filing with the SEC a Form 12b-25, which is an automatic 15 day extension to file a Form 10K with the SEC.
The conference call will still be accessible via a toll free number by dialing 1-866-277-1182 and providing the pass code 42474843. Listeners are encouraged to ask any questions that they may have during the call. The conference call will also be broadcasted over the Internet through Newtek's website at http://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.
About Newtek Business Services, Inc.
Newtek Business Services, Inc. is a direct distributor of business services and financial products 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 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;
* 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
