June 11, 2009 
 

Dear Mattress Market Customers 
 

Since September 2008, rapid and seismic changes in consumer behavior have created the most difficult retail climate in decades, having a crippling effect on the Mattress Market operation. 

After months of negotiations and the projected continuing erosion of sales over the next 6-12 months due the lagging economy our secured lender has decided not to move forward with financing Mattress Market’s continuing operations. Since they are the lone secured lender they have chosen to execute their rights by immediately seizing all the assets of Mattress One USA, Inc. (“Mattress Market”) effective June 9, 2009. 

In light of the above and since the company has no alternative source of capital , Institutional or Private,  to fund continuing operations and given no viable options the company  regrettably is forced to cease operations effective June 13,2009. 

Per their request Mattress Market has delivered to the lender above a list of all pending customer orders which have not been fulfilled and all information necessary for the lender to fulfill these orders. 

For additional information re Mattress Market please contact Gerard Nagee at 772.559.4060. 

We apologize for any inconvenience caused by this sudden closure. 

Respectfully,