NEW YORK, June 10 /PRNewswire-FirstCall/ -- Newtek Capital, Inc. (Amex: NKC), a provider of financial and business services to small businesses announced its intention to participate in the recently created Georgia Certified Capital Company (CAPCO) Program. On May 14, 2002, the Governor Roy E. Barnes of Georgia signed the new legislation creating the $75 million program. The program will direct much needed capital to small Georgia businesses. This latest CAPCO program is anticipated to be funded in 2003. Barry Sloane, Chairman and CEO of Newtek Capital, stated: "We are pleased to announce that that, on May 14, 2002, the Governor of Georgia signed a $75 million Certified Capital Company bill. Through its participation in the CAPCO programs, Newtek has raised significant capital that is non-dilutive to Newtek's shareholders and is ultimately accretive to earnings. All funds raised in the programs are used for investment in local businesses. To date Newtek Capital has raised a total of approximately $165 million through similar CAPCO programs in Colorado, Florida, Louisiana, New York, and Wisconsin. Newtek Capital, Inc., through its Wilshire Group brand, is in the process of organizing a certified capital company in Georgia and creating an additional regional business development center in conjunction with the CAPCO." Newtek Capital Inc. is a premier provider of financial and non-financial business services to the small business market. Newtek Capital invests in and provides financial, management and technological services for small businesses throughout the country. Newtek Capital's service brand includes: Newtek Merchant Solutions-offering merchant card processing solutions, Newtek IT Services- offering IT solutions, Newtek Financial Information Systems-offering back office support and controller services, and Newtek Strategies-offering strategic business management services. The statements in this release may contain forward-looking statements relating to such matters as anticipated future financial performance, business prospect, legislative developments and similar matters. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. In order to comply with the terms of the safe harbor, the Company notes that a variety of factors could cause the Company's actual results to differ materially from the anticipated results expressed in the Company's forward looking statements such as intensified competition and/or operating problems on its operating business projects and their impact on revenues and profit margins or additional factors as described in Newtek Capital's previously filed registration statement. Contact: Barry Sloane, Chairman of the Board & CEO Newtek Capital, Inc. 212-826-9022 firstname.lastname@example.org MAKE YOUR OPINION COUNT - Click Here http://tbutton.prnewswire.com/prn/11690X15296235
SOURCE Newtek Capital, Inc.