Trading Alert for Newtek Business Services Inc.

0 Comments | M2 Presswire, March, 2007

M2 PRESSWIRE-23 March 2007-Small Cap News: Trading Alert for Newtek Business Services Inc.(C)1994-2007 M2 COMMUNICATIONS LTD RDATE:23032007 Holding company Newtek Business Services invests in certified capital companies (CAPCOs) through its Wilshire Group subsidiary. The company has stakes in about 15 CAPCOs that issue debt and equity securities to insurance firms, then use the funds to mainly invest in financial and business services firms.

Newtek's portfolio includes majority-owned companies that offer Small Business Administration (SBA) loans, electronic merchant payment processing, Web hosting, insurance, tax preparation, and back-office financial support to small and midsized businesses. Shares were down 16 falling on fourth quarter results....

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