Small Business Owners Expect Zero Yearly Improvement In Black
Friday And Cyber Monday Sales
NEW YORK, Nov. 21, 2012 /PRNewswire/ -- Newtek
Business Services (NASDAQ: NEWT), The Small Business
Authority, with a portfolio of over 100,000 business accounts,
announced today the findings of its SB Authority Market Sentiment
Survey, a monthly window into the concerns of independent business
owners. Based on a poll of over 1,100 respondents, one of the key
findings from the November survey is 60% of business owners expect
Black Friday and Cyber Monday sales to remain unchanged from last
year, 15% expect sales to decrease 4% or more from last year, and
25% expect holiday sales to increase 4% or more. Additionally,
post-election, 62% of those polled expect that the economy will be
better than it was in 2012.
The full November 2012 results
showed the following:
Poll
Question
|
Poll
Answer
|
Percentage
|
Do you
expect your sales on this year's
Black
Friday and Cyber Monday to be:
|
Down 4%
or
more from last
year
|
15%
|
|
Unchanged
from
last year
|
60%
|
Up 4% or
more
|
25%
|
Now
that the election is over, do you see
the
economy being better or worse than 2012?
|
Better
|
62%
|
Worse
|
38%
|
Barry Sloane, Chairman, President
and CEO of The Small Business Authority commented, "Our
survey, taken over the prior three weeks, shows business owners
cautious in the near term but slightly optimistic over the course
of 2013. Business owners do not think we will have any
increase in Black Friday or Cyber Monday sales over the same day
and results from the year prior. We believe that the election being
over increased hope for optimism, and not going over the fiscal
cliff has left the majority of business owners optimistic. We will
establish our next survey on a discussion surrounding expectations
of the fiscal cliff."
About Newtek Business Services, Inc.
Newtek Business Services, The Small Business Authority,
provides the following products and services:
- Electronic Payment Processing: eCommerce,
electronic solutions to accept non-cash payments, including credit
and debit cards, check conversion, remote deposit capture, ACH
processing, and electronic gift and loyalty card programs.
- Managed Technology Solutions (Cloud Computing):
Full-service web host, which offers eCommerce solutions, shared and
dedicated web hosting and related services including domain
registration and online shopping cart tools.
- eCommerce: A suite of services that enable small
businesses to get up and running on-line quickly and cost
effectively, with integrated web design, payment processing and
shopping cart services.
- Business Lending: Broad array of lending products
including SBA 7(a) and SBA 504 loans through our lending
subsidiary, Newtek Small Business Finance, Inc.
- Insurance Services: Commercial and personal lines
of insurance, including health and employee benefits in all 50
states, working with over 40 insurance carriers.
- Web Services: Customized web design and development
services.
- Data Backup, Storage and Retrieval: Fast, secure,
off-site data backup, storage and retrieval designed to meet the
specific regulatory and compliance needs of any business.
- Accounts Receivable Financing: Receivable purchasing and
financing services.
- Payroll: Complete payroll management and
processing services.
Newtek Business Services, Inc., The Small Business
Authority, is a direct distributor of a wide range of
business services and financial products to the small- and
medium-sized business market under the Newtek® brand.
Since 1999, Newtek has helped small- and medium-sized business
owners realize their potential by providing them with the essential
tools needed to manage and grow their businesses and to compete
effectively in today's marketplace. Newtek provides its services to
over 100,000 business accounts and has positioned the
Newtek® brand as a one-stop-shop provider of such
business services. According to the U.S. Small Business
Administration, there are over 27.5 million small businesses in
the United States, which in total
represent 99.7% of all employer firms.
Note Regarding Forward Looking Statements
Statements in this press release including statements
regarding Newtek's beliefs, expectations, intentions or strategies
for the future, may be "forward-looking statements" under the
Private Securities Litigation Reform Act of 1995. All
forward-looking statements involve a number of risks and
uncertainties that could cause actual results to differ materially
from the plans, intentions and expectations reflected in or
suggested by the forward-looking statements. Such risks and
uncertainties include, among others, intensified competition,
operating problems and their impact on revenues and profit margins,
anticipated future business strategies and financial performance,
anticipated future number of customers, business prospects,
legislative developments and similar matters. Risk factors,
cautionary statements and other conditions, which could cause
Newtek's actual results to differ from management's current
expectations, are contained in Newtek's filings with the Securities
and Exchange Commission and available through
http://www.sec.gov.
Newtek Business Services,
Inc.
http://www.thesba.com
Investor Relations
Contact: Jayne
Cavuoto
Telephone: (212) 273-8179 / jcavuoto@thesba.com
Contact: Brett Maas
Telephone: (646) 536-7331 / brett@haydenir.com
Rubenstein Public Relations
Contact: Jonathan Goldberg
Telephone: (212) 843-9335 / jgoldberg@rubensteinpr.com
SOURCE Newtek Business Services