SOURCE: Sleep Holdings, Inc.

February 28, 2007 11:21 ET

Sleep Holdings, Inc. Appoints New Chief Financial Officer

DALLAS, TX -- (MARKET WIRE) -- February 28, 2007 -- SLEEP HOLDINGS, INC. (OTC: SLHJ) -- Sleep Holdings, Inc. announced the appointment of Brett Cormier to the position of Chief Financial Officer.

Mr. Cormier has spent over 12 years in the healthcare, real estate, and finance industries and brings with him experience in accounting and finance, business strategy and acquisitions. He will be responsible for overseeing Sleep Holdings' financial planning, tax, treasury, and audit, analysis for mergers and acquisitions, and investor relations functions.

Mr. Cormier joins Sleep Holdings from First Broadcasting, where he held the position of VP of Finance-Corporate Controller. Previously, Mr. Cormier held the position of VP of Finance at Holigan Investment Group where he secured financing for numerous residential real estate projects. Prior to Holigan, he played a key role in Monarch Dental Corporation's accounting and administrative integration where he held the position of Corporate Controller and was responsible for accounting, payroll, forecasting, budgeting, financial analysis and SEC Reporting/Sarbanes Oxley Act Compliance.

"We are fortunate to have Brett join Sleep Holdings in this key position," said Roy Mers, CEO of Sleep Holdings. "Brett brings a wealth of strategic and financial experience to Sleep Holdings. Brett also brings a wealth of experience in the healthcare consolidation arena. His combination of financial management skills, strong bank financing background, and excellent reputation in the investment community will be particularly valuable as we continue to grow and put forth our efforts to grow our revenues through acquisitions and new development."

"I am very pleased that Brett is joining us; working with Brett was a great experience at Monarch, his work ethic, attitude and honesty made him the go to person in the department," said Tim Kriske, COO of Sleep Holdings.

"Sleep Holdings' rapid growth is propelled by the acquisition opportunities that exist in the highly fragmented and growing sleep diagnostic industry," said Jim Gains, Sleep Holdings board member and interim Chief Financial Officer. "Brett brings the financial leadership needed to guide the management team toward the next phase of corporate evolution."

"The level of optimism, energy and passion for excellence at Sleep Holdings was a major factor behind why I am delighted to take on this opportunity," Mr. Cormier said. "I am very excited to join the Sleep Holdings team and I look forward to leveraging my healthcare consolidation experience to add value to the organization."

Mr. Cormier received his Bachelors of Business Administration degree from the University of Texas at Arlington and is a licensed CPA in the State of Texas.

About Sleep Holdings

Sleep Holdings provides innovative solutions to patients suffering from sleep disorders. The Company's goal is 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.

Sleep Holdings is a healthcare holding and operating company focused on the rapidly growing market of sleep medicine. The Company is seeking out prospective sellers of sleep diagnostic centers and sleep medical equipment company providers in various markets within the United States.

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