NEW YORK, July 18, 2012 /PRNewswire/ --Newtek Business Services (NEWT),The Small Business Authority's President and CEO Barry Sloane appeared on Fox News Channel's Fox and Friends this morning. Mr. Sloane was interviewed by host Gretchen Carlson addressing the recent statements made by President Obama about small business. Mr. Sloane took the position that the government and larger regulation are interfering with the ability of the economy to grow. He stated that business owners are offended by President Obama's comments because they feel they have earned the right to be successful. Business owners do a great job within their communities by giving to charities, hiring workers and paying taxes that build roads and bridges. This is a government by the people and for the people; it is the people who have paid taxes and created revenue to create all this. The full video clip of the interview can be seen here.

Barry Sloane also presented his position on this issue in a blog on Forbes and on Twitter.

President and CEO, Barry Sloane commented, "Unfortunately, the country is now in a debate over deciding whether successful business owners and entrepreneurs should thank the government for building roads or great school teachers for their education. At Newtek 'The Small Business Authority,' we represent over 100,000 business accounts and owners and believe that the American philosophical and cultural way of doing things has made them and all of their stakeholders successful. Their stakeholders include their employees, spouses, children and communities who benefit from taxes assessed against their income and success. It is not necessary for the government or any federal official to remind us that the government needs to be thanked for providing services. Our government is for the people and represents the people; it should only be providing a support mechanism for the American way. We are presenting our opinion using these channels as an advocate for our small business clientele who feel the need to celebrate their success outside of the political circle and to elaborate on their concerns over government expansion and the sharing of wealth outside of the free market mechanisms."

About Newtek Business Services, Inc.

Newtek Business Services, The Small Business Authority, provides the following products and 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 StatementsStatements 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.

Rubenstein Public Relations Telephone: (212) 843-9335 Contact: Jonathan Goldberg / jgoldberg@rubensteinpr.com

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Newtek CEO Barry Sloane Comments On Obama's Position For Small Business Success