WEST LONG BRANCH, NJ – December 13, 2010 (Business Wire) – Sleep Innovations^®, a market leader in designing and manufacturing advanced foam comfort solutions, announced today that it has closed on a $45 million Senior Secured Credit Facility that matures December 2014 with Wells Fargo Capital Finance, part of Wells Fargo & Company (NYSE: WFC). The Company intends to use the facility as part of its refinancing strategy for general corporate purposes that include working capital requirements, lowering overall financing costs and increasing financial flexibility. The company terminated its current $25 million Working Capital Facility.

“Our ability to refinance our credit facility, at more favorable terms, demonstrates the confidence that the financial and investment community has in Sleep Innovations^®,” said Michael Thompson, President of Sleep Innovations^®.

“We are pleased to provide Sleep Innovations^® with a new, larger revolving credit facility, which will provide greater flexibility to the company,” said Scott Ryan, Regional Sales Manager and Managing Director at Wells Fargo Capital Finance. “We look forward to working with the management team and supporting their long term goals.”

Wells Fargo Capital Finance is acting as the sole agent for this facility.

About Sleep Innovations^®
Sleep Innovations^® is the leader in consumer-driven foam products, proven to deliver comfort, relaxation and rejuvenation. The company designs and manufactures advanced, memory foam products, including pillows, mattress toppers and mattresses. Through extensive clinical testing, Sleep Innovations^® has found that its foam solutions help to improve the quality of its consumers' lives through better sleep. For more information, visit www.sleepinnovations.com.