Newtek Business Services Inc.

From July 1995 through January 1998, Mr. Sloane was the President of the Sloane Organization, LLC, an investment banking, consulting and advisory firm based in New York City. From September 1993 through July 1995, Mr. Sloane was a Managing Director of Smith Barney, Inc. While there, he directed the Commercial and Residential Real Estate Securitization Unit and, prior to that, was National Sales Manager for Institutional Mortgage and Asset Backed Securities sales. From April 1991 through September 1993, he was founder and President of Aegis Capital Markets, a consumer loan origination and securitization business which was eventually taken public with the name "Aegis Consumer Funding." From October 1988 through March 1991, Mr. Sloane was Senior Vice President of Donaldson, Lufkin and Jenrette, where he was responsible for directing sales of Mortgage-backed Securities. From August 1982 to September 1988, Mr. Sloane was a senior mortgage security sales person and trader for Bear Stearns, L.F. Rothschild, E.F. Hutton and Paine Webber.

Mr. Schroeder has extensive experience as a senior human resources executive.Mr. Schroeder served as Executive Vice President, Human Resources for Fiserv, Inc and served as Senior Vice President – Global Human Resources and Leadership Development for Maritz, Inc. Prior to that, he served as a senior human resources executive at GE .

At Cambridge Who's Who among Executives, Professionals and Entrepreneurs, Brian is responsible for developing a finance and accounting department, overseeing independent audits, and introducing systems and models for forecasting, budgeting and managing corporate growth. Brian Wasserman has 20 years of experience in the investment and business development sectors. A Certified Public Accountant, Brian began his career in 1987 at Coopers & Lybrand, which is now PricewaterhouseCoopers LLP. Within four years, Brian was promoted to manager and oversaw clients' audits, private equity investing, and tax filings. From 1992 to 1997, Brian held the position of General Partner of Private Investment Partnerships, managing more than $200 million in capital. In addition, he founded a mergers and acquisitions principal and advisory firm, First Lawrence Capital Corp. Brian also served as CFO and Treasurer of Engex (AMEX "EGX"), a non-diversified, closed-end investment corporation that sought capital appreciation through diverse equity investments. Concurrent with these activities, Brian has also been CFO for several entities owned and operated by a high net-worth family. In January 1998, as a result of his success in evaluating businesses and managing private and public investments, Brian founded Newtek Business Services (NASDAQ "NEWT"), assuming the role of CFO and Treasurer until July 2005. NEWT is a premier provider of business services and financial products to small and medium-sized businesses throughout the US, helping business owners realize their potential by providing them with essential tools to manage and grow their business.

Mr. Brunet currently serves as an Executive Vice President and the Chief Information Officer of Newtek Business Services, Inc. In addition, Mr. Brunet is responsible for strategic planning and marketing on a company-wide basis. Prior to joining Newtek, Mr. Brunet was Chairman and CEO of Harvest Strategies, a strategic consulting firm, and was responsible for developing and implementing corporate strategic plans for its clients on a global basis. Mr. Brunet began his career at South Central Bell Telephone Company and was promoted to AT&T Corporate where he held varying responsibilities in marketing, product development, finance, special bids, National Account Management, and Client Education and Training. He also held the position of Director of Strategic Planning. In 1989, Mr. Brunet became Executive Vice President of Entergy Corporation and was accountable for managing and directing the overall Entergy System retail and wholesale marketing effort, including strategy development, policy preparation and administration, market development, and market analysis and research. During his tenure with Entergy, he served as Chairman of the Strategic Planning Committee of the Electric Power Research Institute (EPRI). He also served on the Board of Directors of Entergy Enterprises guiding decisions on unregulated activities, including strategic acquisition of and investments in generation and distribution, and new technology assets domestically and internationally.

Senior Vice President Finance Barry Sloane is the Chairman of the Board, Chief Executive Officer, and Secretary of the Company and has been an executive officer of each of the Company-sponsored capcos for more than five years. Previously, from September 1993 through July 1995, Mr. Sloane was a Managing Director of Smith Barney, Inc. While there, he directed the Commercial and Residential Real Estate Securitization Unit and, prior to that, he was national sales manager for institutional mortgage and asset backed securities sales. From April 1991 through September 1993, he was founder and President of Aegis Capital Markets, a consumer loan origination and securitization business which was eventually taken public with the name of Aegis Consumer Funding. From October 1988 through March 1991, Mr. Sloane was Senior Vice President of Donaldson, Lufkin and Jenrette, where he was responsible for directing sales of mortgage-backed securities. From August 1982 to September 1988 Mr. Sloane was a senior mortgage security salesman and trader for Bear Stearns, L.F. Rothschild, E.F. Hutton and Paine Webber.

Mr. Payan has served as Chief Executive Officer of Emerging Vision, Inc. ( EVI ), a publicly traded company, since June 2004. Prior to June 2004, and since July 2001, Mr. Payan served in various other executive offices for EVI, including Chief Operating Officer and Chief Financial Officer. From March 1995 through July 2001, Mr. Payan was employed by Arthur Andersen LLP, at the time, one of the world s largest professional services firms, where he provided various audit, accounting, operational consulting and advisory services to various small and mid-sized private and public companies in various industries. Mr. Payan also serves on the board of directors of Hauppauge Digital, Inc. (NASDAQ: HAUP). Mr. Payan is a certified public accountant and joined our board in 2003. Mr. Payan serves as the Chairman of the Company s Audit Committee.

Mr. DePuydt currently serves as President of Universal Processing Services of WI, LLC. He has over 11 years of experience in various positions within the credit card industry. Previous to Newtek Electronic Payment Processing, Mr. DePuydt held various financial roles within Universal Savings Bank, which was later purchased by Fifth-Third Bank. He was responsible for budgeting / forecasting and overall financial analysis. Mr. DePuydt holds a BBA with majors in Finance and Mathematics from the University of Wisconsin - Whitewater.

Ms. Abromson is an attorney with the District of Columbia office of the law firm of Cozen O'Connor. She is also a District of Columbia licensed insurance producer with life & health, property and casualty, and personal lines designations. Prior to joining Cozen O'Connor, Ms. Abromson served for nine years as an in-house attorney for the Acacia Group of Financial Services Companies that marketed life and variable life insurance products it manufactured, and distributed numerous other insurance products through a captive field force and independent agents. She began her employment at Acacia as Assistant Counsel and was promoted twice to Associate Counsel and then to 2nd Vice President. Ms. Abromson received the designation of Fellow, and Associate, Insurance Regulatory Compliance from the Life Management Institute, respectively in 1995 and 1997. We are pleased that Ms. Abromson, who has extensive insurance experience, will assume a management role at the Newtek Insurance Agency, LLC. Ms. Abromson says that with the addition of a retail insurance agency, Newtek will truly be a "one-stop shop" for the small business owner, and that she is thrilled to be joining an organization so attuned to the needs of small businesses.

Mr. Carvalho, Executive Vice President of Newtek Information Systems, has an impressive background in the financial services industry. Mr. Carvalho most recently worked in group acquisition and account management for a Fortune 100 company and has worked for several Fortune 500 companies during his 15 year career. He is both a Certified Financial PlannerTM, Chartered Financial ConsultantTM and has impressive financial management, insurance and securities experience. His diverse background includes positions in project management in the educational sector as well. He has conducted numerous public seminars and taught various classes on a wide range of topics. Mr. Carvalho has served on various boards of professional, civic and service organizations as well as chambers of commerce. Mr. Carvalho coordinates the operations of this firm and manages its staffing and marketing initiatives.

Larry Paul brings 26 years of insurance industry experience, including knowledge of commercial and personal insurance products from both insurance carrier and insurance broker operations. During his career with Liberty Mutual and Insure One independent insurance agency, Larry managed both marketing and operating units. Most recently, he served as vice president of Internet Operations for InsureOne.com, where he developed and managed the execution of strategy for their internet distribution channel.

Mr. Dowd worked for the SBA for 25 years and was National Director for Loan Programs where he was responsible for formulation of all policies and procedures governing the implementation of the 7(a) and 504 loan programs including all loan making, loan servicing, loan monitoring and review functions. Mr. Dowd began his career with the SBA as a loan officer in 1972 and held management positions in the field before moving to SBA headquarters in Washington, DC in 1989. Prior to joining the SBA, Mr. Dowd had worked in Bank Examinations for the FDIC.

Formerly the Chairman and CEO of USB, Inc., a thrift holding company specializing in the sale and processing of credit card transactions for merchants. Mr. Beck co-founded the company in 1992, growing revenues to approximately $60 million before the company was sold in 1998. Mr. Beck has over 35 years of banking experience. Mr. Beck is also a Newtek Experienced Market Expert.

During the past 30 years, Mr. Schottenstein has been a Director of Schottenstein Investment, a diversified investment holding company with $650 million in assets, Vice President of Schottenstein Stores' Value City Stores Division (NYSE symbol VCD) and CEO of Schottenstein Realty Company, which specializes in the investment and restructuring of companies. Mr. Schottenstein has been involved in the capitalization and restructuring of numerous retail enterprises, including Weiboldts' Department Stores, Chicago, Illinois; Strauss Auto Parts, New York, New York; Valley Fair Discount Stores, New Jersey; Steinbach Stores and others. Along with his investors, Jeff Schottenstein has successfully acquired Bell Supply Company (retail oil and gas equipment supply company based in Kilgore, Texas) and Omni Exploration Company, the first successful Chapter 11 reorganization of an oil and gas service company in the United States.

Mr. Schwartz is a Partner at Wolf Popper LLP. He is a 1988 graduate of Brooklyn College (City University of New York) where he received a B.S. cum laude in Business Management and Finance. After graduating Brooklyn Law School in 1992, where he earned a Dean's Merit Scholarship, he has specialized in securities and antitrust class action litigation and shareholder derivative/corporate governance litigation. In 1993, he was admitted to the bars of the State of New York and the United States District Court for the Southern District of New York, and in 1999, the United States Court of Appeals for the Third Circuit. Mr. Schwartz joined Wolf Popper LLP in 1998 and became a partner in 2003. He began his law career at Pomerantz Haudek Block & Grossman as an Associate specializing in securities and antitrust class action litigation and shareholder derivative litigation.

Sal Mulia began his career in Finance in 1980 with General Electric's Financial Services Division, GE Capital. In various assignments he was responsible for developing new businesses as well as creating innovative loan and lease products. In the capacity of lead banker, Mr. Mulia led the acquisition and syndication of $4.0 billion of loan/lease receivables, and was instrumental in developing the business plan for GE Capital's entry into SBA lending. Since 1993 Sal has been a principal in RTM Financial Services Inc. ("RTM"), an investment and advisory firm dedicated to helping small businesses. In an advisory role, he created Pitney Bowes SBA Lending Unit, and was responsible for loan portfolio acquisitions. RTM is a principal and equity investor in leasing/lending companies and R.E. partnerships and maintains close relationships within the banking community.

T. Alan Schmidt is the President and Chief Operating Officer of Universal Processing Services Wisconsin, LLC, or Newtek Merchant Solutions of Wisconsin. In January 2001, Mr. Schmidt founded and