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SOURCE Newtek Business Services, Inc.
CTAA Provides Exclusive Endorsement of Newtek's Insurance Products to its Members
NEW YORK, Oct. 15, 2013 /PRNewswire/ -- Newtek Business Services, Inc. (NASDAQ: NEWT) (www.thesba.com) The Small Business Authority®, today announced it has signed a referral partnership agreement with Community Transportation Association of America ("CTAA"). CTAA, a national non-profit membership association dedicated to building and improving mobility for all Americans, has selected Newtek Insurance Agency, LLC, to be the exclusively endorsed provider of insurance products to it's over 10,000 members and affiliates.
Through this partnership, CTAA members will be able to consult with Newtek's licensed agents to obtain solutions for all the property and casualty insurance needs for their businesses, as well as assistance with navigating healthcare reform and understanding how the exchanges will operate with the implementation of Obamacare. Newtek Insurance Agency, LLC is licensed in all 50 states and works with over 40 highly rated carriers to provide the best and most cost-effective insurance solutions to the small- and medium-sized business market.
Barry Sloane, Newtek's President and Chief Executive Officer said, "We are pleased that CTAA, such a long-standing pillar of national advocacy for the transportation sector, has become our alliance partner and has chosen to endorse Newtek's insurance agency exclusively to it's thousands of members across the nation. With our full spectrum of insurance products and options, we welcome the opportunity to satisfy the various needs of CTAA's members. We are confident that with our around-the-clock, top-notch customer service and non-commissioned insurance specialists we will find the best solution at the most competitive price for CTAA's members. Going forward, we hope to expand our strategic partnership with CTAA beyond our insurance agency to include the many other products and services we offer to the small- and medium-sized business community."
"Our members and affiliates require the flexibility and resources that Newtek offers in the insurance arena," commented Dale Marisco, CTAA Executive Director. "Safety is always a priority in the community and public-transportation field, and we are pleased that this new partnership will link affordability with safety for our membership."
About Newtek Business Services, Inc.
Newtek Business Services, Inc., The Small Business Authority®, is a direct distributor of a wide range of business services and financial products to the small- and medium-sized business market under the Newtek® brand. Since 1999, Newtek has helped small- and medium-sized business owners realize their potential by providing them with the essential tools needed to manage and grow their businesses and to compete effectively in today's marketplace. Newtek provides one or more of its services to over 100,000 business accounts and has positioned the Newtek® and The Small Business Authority brands as a one-stop-shop provider of such business services. According to the U.S. Small Business Administration, there are over 27.5 million small businesses in the United States, which in total represent 99.7% of all employer firms.
Newtek Business Services, The Small Business Authority ®, provides the following products and services:
The Small Business Authority® is a registered trade mark of Newtek Business Services, Inc., and neither are a part of or endorsed by the U.S. Small Business Administration.
Note Regarding Forward-Looking Statements
Statements in this press release including statements regarding Newtek's beliefs, expectations, intentions or strategies for the future, may be "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. All forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from the plans, intentions and expectations reflected in or suggested by the forward-looking statements. Such risks and uncertainties include, among others, intensified competition, operating problems and their impact on revenues and profit margins, anticipated future business strategies and financial performance, anticipated future number of customers, business prospects, legislative developments and similar matters. Risk factors, cautionary statements and other conditions which could cause Newtek's actual results to differ from management's current expectations are contained in Newtek's filings with the Securities and Exchange Commission and available through http://www.sec.gov.
Newtek Business Services, Inc.
Chairman and CEO
Community Transportation Association of America
Newtek Business Services, Inc.
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