Columbia West Capital News
03.07.06 CWC closes sale of Sleep America to Sleep Country Canada


We are pleased to announce that Sleep America, Inc., the dominant
sleep retailer in Arizona with 32 stores, completed its transaction to join
forces with the premier sleep retailer in Canada.

Sleep America is planning to join forces with Sleep Country Canada, the
largest specialty retailer of mattresses in Canada with more than $200
million (Canadian dollars) in sales. Sleep Country Canada is a publicly
traded company with 116 retail stores in 9 regional markets across
Canada.

Len Gaby, Chairman and CEO of Sleep America states, “This is a truly
wonderful opportunity for future growth for Sleep America, as it will
enable us to share both the financial resources and the expertise
necessary to expand. We see growth coming from the synergy of our
shared philosophies and practices as well as from strengthened
relationships with our suppliers.”

“We are excited about our relationship with Sleep America. Our
customer-centric philosophy and employee focus are so closely aligned
that we have the solid foundation necessary to continue our mutual
growth.” said Stephen Gunn, Chairman and CEO of Sleep Country
Canada.

Sleep America President, Debbie Gaby, says, “We have a lot more in
common with Sleep Country than the word “Sleep” in our names. They
share our philosophy of helping customers get the best sleep possible,
professionalism in all they do and giving back to the community.” Adds
Debbie, “We will still be “Sleep America - Where America Goes to
Sleep”. Len and I will continue to be right here in our same roles as
Sleep America employees will be in theirs. We see all of us having the
same excitement and challenges of growth that we have experienced
year after year. We expect the number of Sleep America stores and
people to continue to expand at a very healthy rate."

About Sleep America: Sleep America, Inc. is headquartered in Phoenix,
Arizona. It started in 1997 and now has 32 retail stores and one
distribution center operating in Arizona.

About Sleep Country Canada: Sleep Country Canada is headquartered
in Toronto, Canada. It started in 1994 and now has 116 retail stores and
10 distribution centers operating in 9 regional markets across Canada.
The Sleep Country Canada Income Fund is listed on the Toronto Stock
Exchange under the symbol Z.UN.

Sleep America was advised by Columbia West Capital, LLC on this
transaction.