SOURCE: Sleep Holdings, Inc.

November 16, 2006 09:00 ET

Sleep Holdings, Inc. Announces Growth-Driven Move to North Dallas, Texas Headquarters

DALLAS, TX -- (MARKET WIRE) -- November 16, 2006 -- SLEEP HOLDINGS, INC. (PINKSHEETS: SLHJ), a world class leader in providing innovative solutions to people suffering from sleep disorders, today announced that it has moved its offices to Dallas, Texas, effective November 7, 2006.

"Relocation of the corporate offices to Dallas is a strategic move designed to give the executive team closer proximity to production," stated Roy Mers, CEO of Sleep Holdings, Inc. "This relocation will allow us to strengthen internal communications, maximize the efficiency of our operations and ultimately improve our acquisition strategy."

To accommodate the increasing demand for its sleep care services, Sleep Holdings, Inc. has "assembled a phenomenal team," added Mers. "We are extremely selective, so being able to find the individuals we have has been a tremendous success, and now we have a corporate home appropriate for them."

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 to develop relationships necessary to acquire and fully develop sleep diagnostic centers.

The Strategy

SLEEP HOLDINGS intends to grow its revenues by (i) acquiring small independent sleep centers and corporate owned diagnostic centers, (ii) opening new freestanding sleep centers, (iii) opening new hospital based sleep centers under our management in conjunction with hospital partners, (iv) provide management services and technical support for sleep disorder centers and (v) increase the Company's internal sales and rental volumes of sleep related medical equipment.

SLEEP HOLDINGS' mission is to provide innovative solutions to patients suffering from sleep disorders. We strive to provide the highest standard sleep studies, medical directorship, patient education, and therapeutic recommendations in order to assist patients with an overall improved quality of life.

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.

Contact Information

  • Contact:
    Investor Relations
    214-952-4373