SOURCE: Sleep Holdings, Inc.

October 10, 2006 15:33 ET

Sleep Holdings, Inc. "" Announces Ticker Symbol Change to ""

DALLAS, TX -- (MARKET WIRE) -- October 10, 2006 -- Roy Mers, Chairman of the Board and Chief Executive Officer of Sleep Holdings, Inc. announced today that a new symbol (PINKSHEETS: SLHJ) has been issued effective October 9, 2006. There is no roll back involved with this issuance.

Sleep Holdings, Inc. (PINKSHEETS: SLHJ) is seeking to become the nationally recognized leader in sleep diagnostic testing and sleep apnea management. Sleep Holdings, Inc. has developed operational strategies providing physicians, hospitals, and patients with a single source for continuous care for patients suffering from sleep disorders. 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.

"I have been following the trends and growth of the sleep diagnostic/disorder industry for 2 years. I believe that significant growth opportunities exist for sleep industry companies that provide the highest quality of facilities and service to the medical community. Various industry sources estimate the number of sleep labs across the country to be between 3,000-3,500 labs. These numbers are up from an estimated 2,000 labs 2-3 years ago and are continuing to grow. Projected continued market growth is 15-20% per year. In some markets, the patient backlog for services exceeds 4 weeks," Mr. Mers explains.

Mr. Mers further states that, "Sleep Holdings, Inc. intends to grow its revenues by acquiring existing sleep diagnostic centers, opening new free standing sleep diagnostic centers, operating sleep centers in conjunction with hospital or physician partners, and expanding internal sales and rental volumes of medical equipment specific to the sleep industry."

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.

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