SOURCE: Sleep Holdings, Inc.

December 06, 2006 13:06 ET

Sleep Holdings, Inc. to Acquire Another Facility -- Habitex, Inc., dba Sleep in Texas and Sleep S.A. in San Antonio, Texas

Acquisition Marks Another Milestone in Broadening National Corporate Exposure While Expanding Localized Recognition

DALLAS, TX -- (MARKET WIRE) -- December 6, 2006 -- SLEEP HOLDINGS, INC. (PINKSHEETS: SLHJ) Chairman and CEO Roy Mers announced today that SLEEP HOLDINGS, INC. has entered into a Letter of Intent "LOI" to acquire Habitex, Inc., dba Sleep in Texas and Sleep S.A., located at 6001 Callaghan, Suite 105, San Antonio, Texas 78228. Sleep in Texas of San Antonio is a state-of-the-art sleep diagnostic center and sleep related medical equipment provider headed by Ms. Norma Martinez Torrens, Director of Operations. Ms. Torrens co-founded the company and developed it into a profitable operation in less than three years by offering excellent service to physicians and their patients.

Ms. Torrens says, "Sleep Holdings has developed a revolutionary platform that can be greatly expanded to serve a far-reaching diverse client base," Ms. Torrens further states that, "Being acquired by Sleep Holdings gives us the ability to access the public markets, to facilitate more rapid growth and gain exposure in the marketplace."

"We are very excited about adding Sleep in Texas to our family of centers and gaining access to the robust San Antonio market which is considered to be one of the fastest growing urban centers in North America," explains Roy Mers. "Sleep in Texas will significantly strengthen our diagnostic presence in San Antonio and add depth to our Texas diagnostic business unit."

In further response to the proposed acquisition, Ms. Torrens said, "We at Sleep in Texas have found a great partner with impressive resources, expertise, and commitment to the sleep diagnostic industry. These credentials will serve us well as we continue to offer quality service to our clients."

Sleep Holdings, Inc. Chief Operating Officer Tim Kriske added, "We believe the combination of services offered by Sleep Holdings, Inc. and Sleep in Texas adds to what we consider significant market opportunities for the future and should help create shareholder value and increase marketplace visibility of our organization."

The Business

SLEEP HOLDINGS is a healthcare service provider focused on the rapidly growing market of sleep medicine. The Company is seeking out prospective sellers of sleep diagnostic centers in various markets within the United States and is developing relationships necessary to acquire and fully develop sleep diagnostic centers.

This press release contains forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by safe harbors created hereby. Such forward-looking statements involve known and unknown risks and uncertainties.

Sleep holdings, Inc. is a registered trademark. Other product or service names mentioned herein are the trademarks of their respective owners.

Contact Information

  • For More Information:
    Gary Allen
    Sleep Holdings, Inc.
    214.446.9309