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SLEEP SOLUTIONS ANNOUNCES THE APPOINTMENTS OF MIKE THOMAS AS PRESIDENT AND DAN
DUGAN AS CHAIRMAN OF THE BOARD
Company Continues Growth Providing Diagnostic, Therapy and Compliance Management
Services for Patients Experiencing Sleep-Disordered Breathing.
PALO ALTO, CA - April 16, 2003 /Send2Press/ -- Sleep Solutions, Inc., the
innovative medical device and healthcare services company focusing on
direct-to-patient sleep disorder testing services has announced the appointment
of Michael J. Thomas as President and Director. Mr. Thomas joined Sleep
Solutions in 2001 as Vice President, Sales and Business Development. Mr. Thomas
succeeds Daniel R. Dugan who becomes Chairman of the Board after having served
as President since 2001.
Mr. Thomas has over 15 years of experience in the healthcare industry in various
sales, marketing, and business development positions. Before joining SSI, he was
Executive Vice President of Sales and Marketing and a Director on the Board of
National Sleep Technologies Inc. (NST). Prior to NST, he was Vice President,
East Coast Sales for Patient InfoSystems (specializing in the development of
disease management programs), and held various sales positions with Merck and
Glaxo Wellcome.
"As we continue to execute on our vision and move Sleep Solutions to the next
level of opportunity," said Dugan, "Mike Thomas' appointment underscores Sleep
Solutions' commitment to progress and growth. Mike's strong background, industry
expertise and leadership abilities have been key assets to the company." Added
Dugan, "Together with the experienced corporate management and outstanding sales
team that has been assembled, Mike's proven track record of increasing earnings
through focused service offerings, as well as strategic mergers and
acquisitions, will help us to further capitalize on the growth opportunities
ahead."
"Sleep Solutions' mission of delivering significant value to its customers has
enviably positioned the company for sustained growth at a healthy profit
margin", said Mr. Thomas. "SSI is well poised to expand its presence and
dominate the market. I am keenly aware of this potential and am eager to execute
our programs and contribute to its future success. We clearly intend to broaden
the medical community's ability to test and treat the majority of the 18 million
Americans with Obstructive Sleep Apnea at a cost that is significantly lower
than the standard method -- while equaling or surpassing the level of quality
currently provided to patients."
About Sleep Solutions Inc. Sleep Solutions Inc., of Palo Alto, Calif., provides
technology and services for direct-to-patient diagnosis, therapy and compliance
management of sleep-disordered breathing, including obstructive sleep apnea
(OSA). As prevalent as Diabetes and Asthma, with the vast majority of the public
undiagnosed, appx. 40 million Americans suffer from some form of
sleep-disordered breathing. The privately held company provides physicians and
their patients a clinically validated, cost-effective, accurate and comfortable
alternative to in-laboratory sleep studies at half the cost. Financing has been
provided by MedVenture Associates, Johnson & Johnson Development Corporation,
Thomas J. Fogarty, M.D., and other venture capital and private investors.
The company's NovaSom QSG(tm) at-home diagnostic system employs proprietary sound
analysis technology and is delivered directly to patients via an innovative
operational network called MediTrackT. Through its compliance management
program, Sleep Solutions helps both patients and payors avoid the consequences
of obstructive sleep apnea such as heart disease, high blood pressure, stroke,
depression, excessive fatigue, epilepsy, headaches, sexual dysfunction,
diabetes, impaired cognitive performance, higher accident rates, decreased
quality-of-life, and substantially increased use of health-care resources. A
wide array of physician and consumer OSA resources are available through the
company's website at http://www.SleepSolutions.com.
URL: www.SleepSolutions.com
Source of news:
Sleep Solutions, Inc.
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