New York, New York - (The Hosting News) - October 31, 2006 - Business services, financial products and web hosting provider, Newtek Business Services, Inc., has been chosen by Maxim Group LLC, to provide its clients with the Newtek suite of small business services, including web site hosting, web design, digital storage, and SBA-guaranteed lending business services.

John Garrity, Director of Sales and Marketing at Maxim Group remarked, ''Utilizing the outsourced business and financial services offerings of Newtek allows Maxim Group professionals to deliver continued value to both existing and new clients. It is Maxim Group's intent to continue to utilize state of the art approaches to further solidify our relationships with both our valued professionals and our clients.''

Barry Sloane, Chairman and CEO of Newtek Business Services added, ''Maxim Group is a prominent investment banking, securities and investment management firm that has recognized the value of servicing small- to medium-sized businesses. Based Newtek's market success, high level of customer service and state-of-the-art technology, we have been contracted to make the Newtek services available to Maxim Group's clients through their 250 plus registered representatives. Using Newtek's NewTracker web based referral system we can harness the power of Maxim Group's brokers' distribution without requiring Maxim Group or their representative to deal with cumbersome paperwork or become experts in these business services. This means that Maxim Group's clients will have simple and easy access to our services and the registered representatives will have a much broader array of income producing services to offer their clients. Both the representatives and Maxim Group management can use the NewTracker system to observe the progress of the referrals, on a daily basis if they desire.''

Maxim Group is an investment banking, securities and investment management firm. Maxim Group's mission is to maximize the wealth of their clients by providing unbiased advice and superior performance in each of their six core disciplines: asset management, capital markets, estate planning, investment banking, research and wealth management.

Newtek Business Services, Inc. is a direct distributor of business services and financial products to the small to medium-sized business market. According to the SBA, there are over 23 million small businesses in the United States which in total represent 99.7% of all employers, generate 60 - 80 percent of all new jobs annually and generate more than 50% of non-farm GDP. Since 1999, Newtek has helped these business owners realize their potential by providing them with the essential tools needed to manage and grow their businesses. 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 business markets.

Newtek focuses on providing its 65,000 customers with access to financial, management and technological resources that enable them to better grow and compete in today's marketplace. Newtek's products and services include:

* Newtek Small Business Finance: U.S. government-guaranteed small business lending services;
* Newtek Merchant Solutions: electronic merchant payment processing solutions;
* Newtek Insurance Agency: commercial and personal insurance;
* Newtek Web Hosting: domain registration, hosting, web design and development;
* Newtek Data Storage Services: data backup, archival and retrieval services;
* Newtek Financial Information Systems: outsourced digital bookkeeping; and
* Newtek Tax Services: tax filing, preparation and advisory services.

To learn more about Newtek Business Services, Inc., please visit: www.newtekbusinessservices.com.