SOURCE: Sleep Holdings, Inc.

February 14, 2007 10:00 ET

Sleep Holdings, Inc. Increases Its Holdings in Its National Network of Leading Sleep Centers With Acquisition of Innovative Sleep Solutions, Located In Soldotna, Alaska

Acquisition Expected to Contribute Over $425,000 in Revenue and $250,000 in Operating Income in 2007

DALLAS, TX -- (MARKET WIRE) -- February 14, 2007 -- SLEEP HOLDINGS, INC. (PINKSHEETS: SLHJ), a world class leader in providing innovative solutions to people suffering from sleep disorders, today announced that it has acquired Innovative Sleep Solutions, located at 35670 Kenai Spur Highway, Suite 103A, Soldotna, Alaska.

Terms of the acquisition are a combination of equity and convertible notes totaling $400,000.

Innovative Sleep Solutions is a well established, state of the art diagnostic sleep center and sleep related medical equipment provider that is headed by Shauna Bless, MT, RPSGT. Commenting on the acquisition, Ms. Bless said, "We are looking forward to the many opportunities for growth and development that Sleep Holdings can offer."

The seller, Mr. Kevin Asp noted, "We are very excited about this opportunity to merge our practices into Sleep Holdings, Inc. growing sleep care organization, and believe that our association with the Company will serve to help validate and perpetuate our leadership position in providing superior sleep care management to patients in Alaska."

Sleep Holdings Inc. President and CEO, Mr. Roy Mers added, "Mr. Asp has built a quality business, with an established client base and state-of-the-art technology in an industry that Sleep Holdings has a strategic interest. We are excited about the opportunity to work with Mr. Asp and his staff of experienced professionals."

SLEEP HOLDINGS is a healthcare service provider focused on the rapidly growing market of sleep disorder diagnosis and management. The Company is seeking out prospective sellers of sleep diagnostic centers in various markets within the United States and developing the 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.

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

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

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