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Follow on Google News | August 4, 2009 -- SLEEP HOLDINGS, announces name change.Don Hodge,Chairman of theBoard and Chief Executive Officer of SLEEP HOLDINGS, INC. (SLHJ. PK),announced today that it has elected to change the name of the company toVERSATILE HOLDINGS, INC. and change the direction of the company.
By: Don Hodge Mr. Hodge further states, that SLEEP CENTERS OF AMERICA, Inc. is in the process of filing and S-1 registration on the shares owned by Versatile Holdings, Inc.,(formerly Sleep Holdings, Inc.). Additionally, the company plans to make a partial distribution of these shares to its SHAREHOLDERS of RECORD. A RECORD DATE will be announced prior to any dividend distribution. "I believe the new name change will better represent the future direction of the company." Mr. Hodge further states that, "Versatile Holdings, Inc. intends to grow its revenues by acquiring additional companies in the two current industries which it holds investments in, as well as looking to acquire and expand into other growth industries. We will be announcing additions to its management team and a new headquarters location shortly. I am excited to have been given the opportunity to lead the company in its new direction and execution of its new business plan." 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: (415) 251-7887 SLEEP CENTERS OF AMERICA, SLEEP ANALYSIS, ACQUIRING COMPANIES, TELECOMMUNICATIONS For more information: (415) 251-7887 # # # Versatile Holdings, Inc. is a diversified holding company with investements in the sleep disorder and analysis business as well as the telecommunication services industry. End
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