Newtek Business Services Corp. Announces Note Repurchase Program
The repurchases shall be effected through open market purchases,
including block purchases, in such manner as will comply with the provisions of
the Investment Company Act of 1940, as amended and the Securities Exchange Act
of 1934, as amended (the "1934 Act"). Unless extended or terminated
by its board of directors, the Company anticipates that the termination date
for this repurchase program will be on
Under the Program, purchases may be made at management's discretion from time to time in open-market transactions, in accordance with all applicable securities laws and regulations, including Rule 10b-18 of the 1934 Act. The extent to which the Company repurchases its Notes, and the timing of such repurchases, will depend upon a variety of factors, including market conditions, regulatory requirements and other corporate considerations, as determined by Newtek's management team. The repurchase program may be suspended or discontinued at any time.
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), eCommerce, Accounts Receivable Financing & Inventory Financing, The Secure Gateway, The Newtek Advantage™, Insurance Solutions, Web Services, and Payroll and Benefits Solutions.
Note Regarding Forward Looking Statements
This press release contains certain forward-looking
statements. Words such as "believes," "intends,"
"expects," "projects," "anticipates,"
"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,
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
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