SOURCE: Sleep Holdings, Inc.

March 14, 2007 13:05 ET

NEWS RELEASE UPDATE: Sleep Holdings, Inc. Appoints Kevin Asp as Executive Vice President

DALLAS, TX -- (MARKET WIRE) -- March 14, 2007 -- SLEEP HOLDINGS, INC. (OTC: SLHJ),a healthcare service provider focused on the rapidly growing market of sleep diagnostics and sleep medicine, today clarified a company news release first made March 7, 2007 titled, "SLEEP HOLDINGS, INC. APPOINTS KEVIN ASP AS EXECUTIVE VICE PRESIDENT." In the original release there was an implication that Mr. Asp passed on ownership to Sleep Holdings, Inc., of his four businesses, Sleep Technology Institute, Ltd., Innovative Sleep Solutions, Inc., Sleep Business Solutions, Inc., and Alaska Sleep Clinic, Inc.

Roy Mers, CEO of Sleep Holdings, Inc., says, "Mr. Asp did not pass on his ownership of Alaska Sleep Clinic, Inc. to Sleep Holdings, Inc." Mr. Mers further states, "We apologize to Alaska Sleep Clinic, Inc. and Mr. Asp for the clerical error. That certainly was not our intention. We fully recognize that Mr. Asp did not convey Alaska Sleep Clinic, Inc. to Sleep Holdings, Inc."

Sleep Holdings, Inc.

Sleep Holdings, Inc., founded in 2006, 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.

"Safe Harbor" Statement

This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements regarding potential sales, the success of the company's business, as well as statements that include the word "believe" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Sleep Holdings, Inc. to differ materially from those implied or expressed by such forward-looking statements. This news release speaks as of the date first set forth above and Sleep Holdings, Inc. assumes no responsibility to update the information included herein for events occurring after the date hereof. Actual results could differ materially from those anticipated due to factors such as the lack of capital, timely development of products and services, inability to deliver products and services when promised, inability of potential customers to pay for ordered products and services, and political and economic risks inherent in healthcare.

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:
    Investor Relations
    Sleep Holdings, Inc.
    (214) 446-9300