New York, New York – (The Hosting News) – March 9, 2006 – Medium and small business
service and financial product provider Newtek Business Services, Inc. will provide web hosting services with its launch of Newtek Web Hosting and has named Robert P. Cichon Chief Operating Officer.
Newtek Business Services, Inc. purchased CrystalTech Web Hosting, Inc. in the fall of 2004, which since has doubled its customer count and cash flow.
Being powered by CrystalTech, one of
the largest Microsoft Windows based web hosting companies in the world, will facilitate Newtek’s distribution and presence in the web hosting and small to medium-sized
Newtek Web Hosting will offer all of CrystalTech’s
quality products, including its new Linux based product. CrystalTech will
continue to market and position itself within its own historic distribution
and client channels.
Barry Sloane, Chairman and CEO of Newtek Business Services, Inc., said, ”The launch of Newtek Web Hosting and the announcement of Newtek Data Storage
are key to further establishing Newtek as the premier provider of business
services and financial products to the 23 million small to medium-sized
business clients across the United States. As we continue to grow our direct
distribution channels through our alliance partners and other to be announced
alternative distribution channels, the name Newtek will continue to grow in
prominence and brand recognition. Recently, the Credit Union National
Association (CUNA) endorsed Newtek Business Services for both web hosting and
data storage services. The company will shortly announce greater detail of
that endorsement by CUNA as well as a launch date for the product offering.
Our ability to cross brand, cross market, bundle and sell a suite of services
is linked to our success in becoming the 30th largest SBA loan originator by
loan volume, the 2nd largest Microsoft Windows only web hosting company, as
well as the 45th largest merchant processing company by process volume. We
are excited about our progress, success, and strides in this area.”
Mr. Sloane added, ”CrystalTech Web Hosting will remain as the backbone to all of our
technology oriented offerings and will continue to market, sell, and service
its entire CrystalTech based products and services through the website as well as its existing clientele and target market.
Newtek Business Services will aim to increase its web-based presence as it is
in the process of repositioning its own website to facilitate client order
flow and alternative distribution channels.”
To learn more about Newtek Business Services, Inc., please visit: www.newtekbusinessservices.com.