Newtek Business Services to be Listed on the Nasdaq National Market

Newtek Business Services to be Listed on the Nasdaq National Market 


NEW YORK, Dec. 22  /PRNewswire-FirstCall/ -- Newtek Business Services, Inc.
(http://www.newtekbusinessservices.com/), a provider of business services and
financial products to the small business market, today announced that it has
been approved for listing on the Nasdaq National Market. Newtek anticipates that
its common stock will begin trading under the ticker symbol NKBS, at the opening
of trading on Tuesday, December 30, 2003.  The stock will continue to trade on
Amex until that time.

Newtek Business Services, Inc. is a premier provider of business services and
financial products to the small-business market.  Newtek Business Services
invests in and provides financial, management and technological services for
small businesses throughout the country. Newtek brands include:

   -- Newtek Small Business Finance: small business and U.S. government-
      guaranteed lending services;
   -- Newtek Merchant Solutions: electronic merchant payment processing
      solutions;
   -- Newtek Financial Information Systems: outsourced bookkeeping &
      controller services;
   -- Newtek Tax Services: tax filing, preparation and advisory services;
   -- Newtek IT Services: complete information technology solutions;
   -- Newtek Strategies: strategic business management and global marketing
      services; and
   -- Newtek Client Services: marketing and customer relations services.



The statements in this release may contain forward-looking statements relating
to such matters as anticipated future financial performance, business prospect,
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, the Company notes that a
variety of factors could cause the Company's 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 on its
operating business projects and their impact on revenues and profit margins or
additional factors as described in Newtek Business Services' previously filed
registration statements.

   Contacts:
   Lippert/Heilshorn & Associates
   212-838-3777
   Investors - David K. Waldman, 
   Media - Chenoa Taitt, 

   Newtek Business Services
   Barry Sloane
   Chairman of the Board & CEO
   212-356-9500
   

   Dave Gentry
   Aurelius Consulting Group
   407-644-4256
   

DATASOURCE: Newtek Business Services, Inc.



CONTACT: David K. Waldman, , or Chenoa Taitt,

, both of Lippert/Heilshorn & Associates, [phone], for

Newtek Business Services, Inc.; or Barry Sloane, Chairman of the Board & CEO,

[phone], or , of Newtek Business

Services, Inc.; or Dave Gentry, [phone], or , of

Aurelius Consulting Group for Newtek Business Services, Inc.



Web site:  http://www.newtekbusinessservices.com/ 

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