Michael Holden, the company's present CFO, has announced that he will be stepping aside from his position on August 31, 2007. Beginning in October, Mr. Holden will remain with Newtek as an adviser to the CEO, CFO and the Chairman of the Audit Committee. Mr. Holden will remain as Chief Financial Officer for Newtek Business Services through the second quarter earnings release and will sign off as an officer of the company on all relating SEC disclosure documents through August 31, 2007. The Company is proud to announce that Seth Cohen has accepted the responsibility and position as CFO of Newtek Business Services and will begin in that official capacity beginning September 1, 2007.
