SOURCE: Sleep Holdings, Inc.

December 19, 2006 09:00 ET

Sleep Holdings, Inc. Appoints Tim Snodgrass as New Strategic Advisory Board Member

Snodgrass to Contribute Intellectual Capital to Help Propel Company's Growth Strategy

DALLAS, TX -- (MARKET WIRE) -- December 19, 2006 -- Sleep Holdings, Inc. (PINKSHEETS: SLHJ) is pleased to announce the appointment of Tim Snodgrass to the Strategic Advisory Board. This seasoned and accomplished force will bring invaluable expertise and insight to Sleep Holdings' innovative and unique mission of building a global sleep diagnostic center network. Sleep Holdings is fundamentally changing the way leading Sleep Diagnostic companies are conducting their global business.

Roy Mers, Sleep Holdings CEO, said, "We are delighted to have Mr. Snodgrass come on board and take part in shaping our future. He will assist Sleep Holdings in further defining and advancing our unique approach to open innovation."

Tim Snodgrass
Argus Realty Investors, LP.
Timothy E. Snodgrass, JD is the President and a founding partner of Argus Realty Investors, L.P. Since forming the company in 2001, Argus Realty Investors has raised over $400 million in capital to acquire over $1 billion in commercial real estate assets on behalf of over 1,200 accredited investors.

Mr. Snodgrass is also a founder and current President of the Tenant in Common Association™ (TICA), which was incorporated in June 2003 as a non-profit industry group focused on the needs of the Tenant in Common industry. Mr. Snodgrass has served as Chairman and President since 2003. Under his leadership, the Association has grown to over 400 current members, and a leader in the industry.

Mr. Snodgrass is also a founding member of the Certified Exchange Specialist® designation, and past member of Certification Council. From 1998 to 2001, Mr. Snodgrass was the Director of National Accounts for Investment Property Exchange Services, Inc. (IPX1031). During his tenure, IPX1031 processed more than 8,000 new exchanges per year at a transaction value of more than $10 billion. Mr. Snodgrass also managed a strategic marketing alliance with CB Richard Ellis and has lectured extensively throughout the United States on Code Section 1031.

Mr. Snodgrass received a Bachelor of Arts Degree from San Diego State University in 1991 and a Juris Doctorate from Thomas Jefferson School of Law in 1998. Mr. Snodgrass is registered with Series 22 and 63 securities licenses as a member of the NASD/SIPC. Mr. Snodgrass specializes in training industry professionals on the most current tax-deferred exchange information.

"Sleep Holdings' newly appointed advisor is a respected leader in the financial and real estate industries," said Jim Gaines, a member of the Sleep Holdings Board of Directors. "He will provide invaluable input to Sleep Holdings' Governing Board and Senior Management as we continuously refine and expand our business."

"Mr. Snodgrass' intellectual capital will greatly enrich our global brain trust. His wealth of experience is invaluable to us," said Tim Kriske, Chief Operating Officer.

About Sleep Holdings, Inc.

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 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.

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

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