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Success Stories of MWOBs:

AcousticSheep LLC Erie, Pennsylvania
A couple in Erie, Pennsylvania, found their entrepreneurial
calling in 2007 when they started making headphones to help
people fall asleep. The comfortable headband sound system
can play music, audiobooks, and other sounds helpful for a
restful night. The business was named AcousticSheep LLC.

The idea for the SleepPhones came when Dr. Lai wasn’t
getting enough sleep because of late-night patient calls.
She needed something that could help her relax, and, as
nothing was on the market, she decided to make it.
Twelve years later, the couple is successfully making their
invention work for others around the world—in Europe,
Asia, Australia, and New Zealand.

After expanding overseas, the company experienced difficulty
trying to collect from a few international distributors and
quickly needed a solution. They found out about the Export-
Import Bank of the United States (EXIM) from a contact at
their local small business development center and regional
export network.

EXIM provides U.S. exporters with export credit insurance
to protect against nonpayment from foreign buyers, extend
competitive credit terms, and support their working capital

AcousticSheep started using EXIM’s insurance in 2017 to cover
its accounts receivable. They work with an EXIM broker
from Meridian Finance Group who helps manage
their policy at no extra cost. As a result, AcousticSheep has expanded
into new markets and increased their export sales with EXIM’s support.

Speak with one of our Business Development Specialists if you have more questions. For other general inquiries email us at: mwob@exim.gov