SOURCE: Sleep Holdings, Inc.

March 06, 2007 12:30 ET

Sleep Holdings, Inc. Acquires Sleep Business Solutions, LLC of Bay City, Texas

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

DALLAS, TX -- (MARKET WIRE) -- March 6, 2007 -- SLEEP HOLDINGS, INC. (OTC: SLHJ) Chairman and CEO Roy Mers announced today that SLEEP HOLDINGS, INC. has acquired Sleep Business Solutions, LLC, located at 720 Ave F North, Suite 6, Bay City, Texas.

Sleep Business Solutions, LLC is a state-of-the-art sleep diagnostic center and sleep related medical equipment provider that is headed by Shauna Bless, MS, RPSGT (Registered Polysomnographic Technologist) who has been with the company for 3 years. Seller Mr. Kevin Asp says, "Ms. Bless has been a tremendous asset to Sleep Technology Institute and I believe she will continue to be an asset to SLEEP HOLDINGS, INC. and its team of professionals, as they implement their growth and business strategies in the sleep disorders, medicine, diagnostic and therapeutic business."

Sleep Holdings, Inc. paid $54,450 in cash and issued a $145,550 convertible note for a total purchase price of $200,000. Up to $57,000 of the principal amount of the note can be converted at $1.00 per share and up to $57,000 of the principal amount at $2.00 per share into restricted and unregistered common stock of the company.

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