Newtek Business Services Corp. to Hold Investor Conference Call on Wednesday, December 14, 2022 at 8:30 am ET
December 12 2022 - 08:30AM
Newtek Business Services Corp., (Nasdaq: NEWT), an internally
managed business development company (“BDC”), today announced that
Barry Sloane, Chief Executive Officer, will hold a conference
call on Wednesday, December 14, 2022 at 8:30 am ET, to provide
an update on the pending acquisition of National Bank of New York
City (“NBNYC”) and to discuss the Company’s financial illustration
as a bank holding company.
The corresponding presentation titled ‘Update on Pending
Acquisition of National Bank of New York City’ dated December 12,
2022, will be available in the ‘Events & Presentations’ section
of the Investor Relations portion of Newtek’s website at
after market close on Tuesday, December 13, 2022 at 4:00 pm ET.
To attend the conference call or webcast, participants should
register online at
To receive a dial-in number, participants are requested to register
at a minimum of 15 minutes before the start of the call. A replay
of the call with the corresponding presentation will be available
on Newtek’s website shortly following the live presentation and
will be available for a period of 90 days.
About Newtek Business Services Corp.
Newtek Business Services Corp., Your Business Solutions
Company®, is an internally managed BDC, which along with its
controlled portfolio companies, provides a wide range of business
and financial solutions under the Newtek® brand to the small- and
medium-sized business (“SMB”) market. Since 1999, Newtek has
provided state-of-the-art, cost-efficient products and services and
efficient business strategies to SMB relationships across all 50
states to help them grow their sales, control their expenses and
reduce their risk.
Newtek’s and its portfolio companies’ products and services
include: Business Lending, SBA Lending Solutions, Electronic
Payment Processing, Technology Solutions (Cloud Computing, Data
Backup, Storage and Retrieval, IT Consulting), eCommerce, Accounts
Receivable Financing & Inventory Financing, Insurance
Solutions, Web Services, and Payroll and Benefits Solutions.
Newtek® and Your Business Solutions Company®,
are registered trademarks of Newtek Business Services Corp.
Note Regarding Forward Looking
This press release contains certain
forward-looking statements. Words such as “believes,” “intends,”
“expects,” “projects,” “anticipates,” “forecasts,” “goal” and
“future” or similar expressions are intended to identify
forward-looking statements. 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, include our ability
to close the pending acquisition of the National Bank of New York
City (the “Transaction”), obtain required regulatory approvals for
the pending Transaction, the timing of the closing of the
Transaction, the timing of the Company’s discontinuance from
regulation as a BDC under the 1940 Act, projections concerning or
considering the pending Transaction, the timing of our ability to
originate new investments, achieve certain margins and levels of
profitability, the availability of additional capital and the
ability to maintain certain debt to asset ratios, 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 cautions you that forward-looking
statements are not guarantees of future performance and that actual
results or developments may differ materially from those projected
or implied in these statements.
SOURCE: Newtek Business Services Corp.
Investor Relations & Public
RelationsContact: Jayne Cavuoto Telephone: (212) 273-8179
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