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SLEEP HOLDINGS, INC. to Acquire Another Facility -- Innovative Sleep Solutions in Soldotna, Alaska

SLEEP HOLDINGS, INC. to Acquire Another Facility -- Innovative Sleep Solutions in Soldotna, Alaska

DALLAS, TX -- (MARKET WIRE) -- 09/28/06 -- SLEEP HOLDINGS, INC. (PINKSHEETS: SLHH) Chairman and CEO Roy Mers announced today that SLEEP HOLDINGS, INC. has entered into a letter of intent to acquire Innovative Sleep Solutions, located at 35670 Spur Highway, Suite 103A, Soldotna, Alaska. Innovative Sleep Solutions of Alaska 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. Ms. Bless says, "We are looking forward to the many opportunities for growth and development that Sleep Holdings can offer. With the new teamed effort we are hoping to implement ourselves as a more integral part of the community; to expand awareness and resolutions for both the professional medical community and general population looking to us to meet their needs in sleep medicine."

The seller Mr. Kevin Asp says that, "Ms. Bless has been a tremendous asset to our organization. The Soldotna location has been in operation for 1 year." Mr. Asp further states that, "This is a tremendous opportunity for Innovative Sleep Solution's growth into other markets and believes this will be a great marriage with SLEEP HOLDINGS and its team of professionals, as they implement their growth strategy in the sleep disorders, medicine, diagnostic and therapeutic business." SLEEP HOLDINGS is currently negotiating a definitive agreement with Innovative Sleep Solutions.

Commenting on the proposed acquisition, Mr. Mers said, "Mr. Asp has built a quality business, with an established client base and a state-of-the-art technology platform 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."

In further response to the proposed acquisition, Mr. Asp said, "We here at Innovative Sleep Solutions have found a great partner with impressive resources, expertise, and commitment to the sleep diagnostic industry. These credentials will serve us well as we continue to offer quality service to our clients."

The Business

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 developing relationships necessary to acquire and fully develop sleep diagnostic centers.

The Strategy

SLEEP HOLDINGS intends to grow its revenues by acquiring smaller chains of sleep centers, corporate owned diagnostic centers, opening new freestanding sleep centers, opening new sleep centers under our management in conjunction with hospital partners, competing to acquire contracts to manage existing hospital sleep centers with established sleep study volume and to increase the internal sales and rental volumes of medical equipment specific to the sleep industry.

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 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.

Investor Relations
(214) 237-3217

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