SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Date of Report (earliest event reported): May 5, 2004
NEWTEK BUSINESS SERVICES, INC.
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(Exact name of issuer as specified in its charter)
New York 001-16123 11-504638
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(State or other jurisdiction of (Commission file (I.R.S.Employer
incorporation or organization) number) Identification No.)
100 Quentin Roosevelt Blvd., Garden City, NY 11530
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(Address of principal executive offices) (Zip Code)
Issuer's telephone number, including area code: (516) 390-2260
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Newtek Capital, Inc.
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(Former Name)
FORWARD-LOOKING STATEMENTS
This current Form 8-K contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended, which are intended to be
covered by the safe harbors created thereby. The words "believe," "will be
able," "anticipate," "estimate," "project," "should," "will," "expect,"
"continue," "intend" or similar words are intended to identify forward-looking
statements. Such statements involve risks and uncertainties that exist in the
operations and business environment of Newtek Business Services, Inc., that
could render actual outcomes and results materially different than expected or
predicted. Our forward-looking statements are based on assumptions about many
factors, including, but not limited to: changes in interest rates or the general
economy of the markets in which we operate; economic, technological or
regulatory changes affecting the businesses conducted and to be conducted by us;
our ability to employ and retain qualified employees; changes in government
regulations that are applicable to our regulated small business lending; our
ability to identify and complete acquisitions and successfully integrate the
businesses we acquire; changes in the demand for our services; the degree and
nature of competition; and general volatility of the capital markets and the
market price of our common stock. While we believe that our assumptions are
reasonable at the time forward-looking statements were made, we caution that it
is impossible to predict the actual outcome of numerous factors and, therefore,
readers should not place undue reliance on such statements. Forward-looking
statements speak only as of the date they are made and we undertake no
obligation to update such statements in light of new information or otherwise.
ii
ITEM 12 RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
On May 5, 2004 Newtek Business Services, Inc. issued a press release
concerning the results of its operations for the first quarter of 2004. For the
quarter, it reported gross revenue of $7.9 million and a net loss of ($1.7
million), or ($0.06) per diluted share. Pursuant to the requirements of Item 12
of Form 8-K, Newtek has furnished this press release by attaching a copy as
Exhibit 99.1, hereto.
SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant
has caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
NEWTEK BUSINESS SERVICES, INC.
Date: May 5, 2004 /s/ Barry Sloane
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Barry Sloane
Chairman of the Board, Chief Executive
Officer and Secretary