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<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">As filed with the Securities and Exchange Commission on July 21<b>,</b> 2006</font></p>

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<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
REGISTRATION NO. 333 &#8209;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>

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<p align="center" style="margin-top: 0; margin-bottom: 0"><b>
<font size="3" face="Times New Roman">UNITED STATES</font></b></p>

<p style="margin-top: 0; margin-bottom: 0" align="center"><b>
<font size="3" face="Times New Roman">
SECURITIES AND EXCHANGE COMMISSION</font></b></p>

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<font size="2" face="Times New Roman">
WASHINGTON, D.C. 20549</font></p>

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<p style="margin-top: 0; margin-bottom: 0" align="center"><b>
<font size="2" face="Times New Roman">
<u>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></b></p>

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<p style="margin-top: 0; margin-bottom: 0" align="center"><b>
<font size="4" face="Times New Roman">
Form S&#8209;8</font></b></p>

<p style="margin-top: 0; margin-bottom: 0" align="center"><b><font size="2" face="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="4" face="Times New Roman">REGISTRATION STATEMENT</font></b></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="4" face="Times New Roman">UNDER THE SECURITIES ACT OF 1933</font></b></p>

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<u>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></b></p>

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<p style="margin-top: 0; margin-bottom: 0" align="center"><b>
<font size="4" face="Times New Roman">
JENNIFER CONVERTIBLES, INC.</font></b></p>

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<font size="1" face="Times New Roman">
(<i>Exact Name of Registrant as Specified in Its Charter)</i></font></p>

<p style="margin-top: 0; margin-bottom: 0" align="left"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Delaware&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
11-2824646</font></b></p>

<p style="margin-top: 0; margin-bottom: 0">
<font size="1" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (<i>State or Other
Jurisdiction</i>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(<i>I.R.S. Employer</i></font></p>

<p style="margin-top: 0; margin-bottom: 0"><i>
<font size="1" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; of Incorporation or Organization</font></i><font size=
"1">)<i>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Identification No.</i>)</font></p>

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<p style="margin-top: 0; margin-bottom: 0" align="center"><b>
<font size="2" face="Times New Roman">
419 Crossways Park Drive</font></b></p>

<p style="margin-top: 0; margin-bottom: 0" align="center"><b>
<font size="2" face="Times New Roman">
Woodbury, New York 11797</font></b></p>

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<font size="1" face="Times New Roman">
(<i>Address, Including Zip Code, of Principal Executive Offices</i>)</font></p>

<p style="margin-top: 0; margin-bottom: 0" align="center">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0" align="center"><b>
<font size="2" face="Times New Roman">
Jennifer Convertibles, Inc. Stock Option Plan</font></b></p>

<p style="margin-top: 0; margin-bottom: 0" align="center"><i>
<font size="1" face="Times New Roman">
(Full Titles of the Plans)</font></i></p>

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<p style="margin-top: 0; margin-bottom: 0" align="center"><b>
<font size="2" face="Times New Roman">
Harley J. Greenfield, Chief Executive Officer</font></b></p>

<p style="margin-top: 0; margin-bottom: 0" align="center"><b>
<font size="2" face="Times New Roman">
Jennifer Convertibles, Inc.</font></b></p>

<p style="margin-top: 0; margin-bottom: 0" align="center"><b>
<font size="2" face="Times New Roman">
419 Crossways Park Drive</font></b></p>

<p style="margin-top: 0; margin-bottom: 0" align="center"><b>
<font size="2" face="Times New Roman">
Woodbury, New York 11797</font></b></p>

<p style="margin-top: 0; margin-bottom: 0" align="center"><b>
<font size="2" face="Times New Roman">
(516) 496-1900</font></b></p>

<p style="margin-top: 0; margin-bottom: 0" align="center">
<font size="1" face="Times New Roman">
(<i>Name, Address and Telephone Number, Including</i></font></p>

<p style="margin-top: 0; margin-bottom: 0" align="center"><i>
<font size="1" face="Times New Roman">
Area Code, of Agent For Service</font></i><font size="1">)</font></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="1" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><i><font size="1" face="Times New Roman">with a copy to:</font></i></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">Kenneth R. Koch, Esq.</font></b></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">Mintz Levin Cohn Ferris Glovsky and Popeo P.C.</font></b></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">666 Third Avenue</font></b></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">New York, New York 10017</font></b></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">(212) 935-3000</font></b></p>

<p style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<u>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></b></p>

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<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">CALCULATION OF REGISTRATION FEE</font></b></p>

<table border="0" cellspacing="0" cellpadding="0" width="660">
<tr height="51">
<td height="51" valign="bottom" width="195">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="1" face="Times New Roman">Title of Securities to be Registered</font></p>
</td>
<td height="51" valign="bottom">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="1" face="Times New Roman">Amount to be Registered<sup>(1)</sup></font></p>
</td>
<td height="51" valign="bottom">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="1" face="Times New Roman">Proposed Maximum Offering Price Per Share</font></p>
</td>
<td height="51" valign="bottom">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="1" face="Times New Roman">Proposed Maximum Aggregate Offering Price</font></p>
</td>
<td height="51" valign="bottom">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="1" face="Times New Roman">Amount of Registration</font></p>
</td>
</tr>

<tr height="26">
<td height="26" valign="top" width="195">
<p style="margin-top: 0; margin-bottom: 0"><font size="1" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="1" face="Times New Roman">Common Stock, par value $0.01 per share</font></p>
</td>
<td height="26" valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="1" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="1" face="Times New Roman">383,333<sup>(2)</sup></font></p>
</td>
<td height="26" valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="1" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="1" face="Times New Roman">$3.52<sup>(2)</sup></font></p>
</td>
<td height="26" valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="1" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="1" face="Times New Roman">$1,349,332.10</font></p>
</td>
<td height="26" valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="1" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="1" face="Times New Roman">$144.38</font></p>
</td>
</tr>

<tr height="25">
<td height="25" valign="top" width="195">
<p style="margin-top: 0; margin-bottom: 0"><font size="1" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="1" face="Times New Roman">Common Stock, par value $0.01 per share</font></p>
</td>
<td height="25" valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="1" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="1" face="Times New Roman">316,667<sup>(3)</sup></font></p>
</td>
<td height="25" valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="1" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="1" face="Times New Roman">$6.30<sup>(4)</sup></font></p>
</td>
<td height="25" valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="1" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="1" face="Times New Roman">$1,995,002.10<sup>(4)</sup></font></p>
</td>
<td height="25" valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="1" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="1" face="Times New Roman">$213.47</font></p>
</td>
</tr>
</table>

<p style="margin-top: 0; margin-bottom: 0"></p>

<table cellpadding="0" cellspacing="0">
<tr>
<td height="24">
<p style="margin-top: 0; margin-bottom: 0"></td>
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</table>

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<p style="margin-top: 0; margin-bottom: 0"><sup>
<font size="2" face="Times New Roman">(1) </font></sup>
<font size="2" face="Times New Roman">Plus such indeterminate number of shares of common stock as may be issued to prevent dilution resulting from stock dividends, stock splits or similar transactions in accordance with Rule 416
under the Securities Act of 1933, as amended.</font></p>

<p style="margin-top: 0; margin-bottom: 0">
<font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><sup>
<font size="2" face="Times New Roman">(2)</font></sup><font size="2" face="Times New Roman"> Represents the registration of 383,333 shares of our common stock issued or issuable upon exercise of options granted under our 2003 Stock Option Plan, or the &ldquo;Plan&rdquo;, with a
weighted average exercise price per share of $3.52</font></p>

<p style="margin-top: 0; margin-bottom: 0">
<font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><sup>
<font size="2" face="Times New Roman">(3)</font></sup><font size="2" face="Times New Roman"> Represents the registration of 316,667 shares of our common stock issuable upon exercise of options reserved for grant under the Plan.</font></p>

<p style="margin-top: 0; margin-bottom: 0">
<font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><sup>
<font size="2" face="Times New Roman">(4)</font></sup><font size="2" face="Times New Roman"> Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(h) and Rule 457(c) under the Securities Act of 1933, as amended, based on the average of the high
and low trading prices of our common stock as quoted on the American Stock Exchange on July 18, 2006.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0" align="center">

<font size="2" face="Times New Roman"><br clear="all" />
1</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<hr>

<p align="center" style="margin-top: 0; margin-bottom: 0"><u><font size="2" face="Times New Roman">EXPLANATORY NOTE</font></u></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><i><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In accordance with the instructional Note to Part I of Form S-8 as promulgated by the Securities and Exchange Commission, or the
Commission, the information specified by Part I of Form S-8 has been omitted from this Registration Statement on Form S-8 for offers of common stock pursuant to the Plans.&nbsp; The prospectus filed as part of this registration statement has been prepared in
accordance with the requirements of Form S-3 and may be used for reofferings and resales of registered shares of common stock that have been and/or may hereafter be issued upon the exercise of options that have been and/or may hereafter be granted under the
Plans.</font></i></p>

<font size="2" face="Times New Roman"><br clear="all" />
</font>
<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
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<p style="margin-top: 0; margin-bottom: 0" align="center">
<font face="Times New Roman" size="2">2</font></p>
<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<hr>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">PROSPECTUS</font></b></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">Jennifer Convertibles, Inc</font><font size="3">.</font></b></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">700,000 Shares of Common Stock</font></b></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">Par Value $.01 Per Share</font></b></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">issued or issuable pursuant to the</font></b></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">2003 Stock Option Plan</font></b></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The shares of common stock, par value $.01 per share, offered hereby are shares which have been or may in the future be issued upon the
exercise of stock options which have been or may in the future be granted under the 2003 Stock Option Plan, to be sold by our stockholders identified herein. These persons are referred to in this prospectus as the &ldquo;Selling Stockholders.&rdquo; See
&ldquo;Selling Stockholders&rdquo; for information about these persons.&nbsp;</font></p>

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<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Some or all of the shares offered under this prospectus may be offered for sale from time to time by the Selling Stockholders or by
pledgees, donees, transferees, or other successors in interest.&nbsp; These sales may be made on one or more exchanges, in the over&#8209;the&#8209;counter market, or otherwise, at prices and on terms then prevailing, or at prices related to the then&#8209;current
market price, or in negotiated transactions or otherwise, or by underwriters pursuant to an underwriting agreement in customary form, or in a combination of any such methods of sale.&nbsp; The Selling Stockholders and any broker&#8209;dealers (including underwriters)
who may participate in a sale of the shares may be deemed to be statutory underwriters within the meaning of the Securities Act of 1933, as amended, and the commissions paid or discounts or concessions allowed to any of such broker&#8209;dealers (including
underwriters) by any person, as well as any profits received on the resale of the Shares if any of such broker&#8209;dealers (including underwriters) should purchase any shares as a principal, may be deemed to be underwriting discounts and commissions under the
Securities Act.&nbsp; All discounts, commissions or fees incurred in connection with the sale of the shares offered hereby will be paid by the Selling Stockholders or by the purchasers of the shares, except that the expenses of registering the shares and preparing
and filing this Prospectus with the Securities and Exchange Commission, and of registering or qualifying the shares under the blue sky laws of any jurisdiction necessary to permit the distribution as described in this prospectus, will be paid by us. See &ldquo;Plan
of Distribution&rdquo; for more information about the sale of the shares offered by this prospectus. We will not receive any of the proceeds from the sale of the shares by the Selling Stockholders.</font></p>

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<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Our common stock is traded on the American Stock Exchange under the symbol <b>JEN</b>.</font></p>

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<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On July 18, 2006, the closing price for our common stock, as reported by the American Stock Exchange, was $6.30.</font></p>

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>

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<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">THE COMMON STOCK OFFERED HEREBY INVOLVES A HIGH DEGREE OF RISK.</font></b></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">PROSPECTIVE INVESTORS SHOULD CONSIDER CAREFULLY THE RISK FACTORS</font></b></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">INDICATED UNDER &ldquo;RISK FACTORS&rdquo; ON PAGE 4.</font></b></p>

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<p style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES AUTHORITY NOR HAS THE COMMISSION OR ANY STATE SECURITIES AUTHORITY PASSED UPON THE ACCURACY OR
ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.</font></b></p>

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The date of this Prospectus is July 21, 2006.</font></p>

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<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size="2"> No person has been authorized in connection with any offering made hereby to give any information or to make any representation not contained in this
prospectus, and, if given or made, such information or representation must not be relied upon as having been authorized by us or any Selling Stockholder.&nbsp; This prospectus does not constitute an offer to sell or a solicitation of an offer to buy any security
other than the shares offered by this prospectus, nor does it constitute an offer to sell or a solicitation of an offer to buy any shares of common stock offered hereby to any person in any jurisdiction where it is unlawful to make such offer or solicitation.&nbsp;
Neither the delivery of this prospectus nor any sale hereunder shall, under any circumstances, create any implication that information contained herein is correct as of any time subsequent to the date hereof.</font></i></p>

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></b></font></p>
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<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">WHERE YOU CAN FIND MORE INFORMATION</font></b></p>

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<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; We are subject to certain informational reporting requirements of the Securities Exchange Act of 1934 and, in accordance with the
Exchange Act, file reports, proxy statements and other information with the Securities and Exchange Commission.&nbsp; Such reports, proxy statements and other information can be inspected and copied at the public reference facilities maintained by the SEC at 100 F
Street, N.E. Room 1580, Washington, DC 20549. The SEC maintains a Web site that contains reports, proxy and information statements and other information regarding registrants that file electronically with the SEC.&nbsp; The address of the SEC&rsquo;s Web site is
http://www.sec.gov.</font></p>

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<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">We will provide without charge to each person, including beneficial owners, to whom this prospectus is delivered, upon the written or oral request of such person, a copy of any and all of the documents that have been or may be
incorporated by reference in this prospectus, other than exhibits to such documents unless such exhibits are specifically incorporated by reference into such documents.&nbsp; Requests for such copies should be directed to Jennifer Convertibles, Inc., 419 Crossways
Park Drive, Woodbury, New York 17797, Attention: Harley J. Greenfield. Our telephone number is (516) 496-1900.</font></p>

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<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">PROSPECTUS........................................................................................................................................................................... 1</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">RISK FACTORS........................................................................................................................................................................ 6</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">THE COMPANY....................................................................................................................................................................... 9</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">SELLING STOCKHOLDERS................................................................................................................................................... 10</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">USE OF PROCEEDS................................................................................................................................................................. 12</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">PLAN OF DISTRIBUTION...................................................................................................................................................... 12</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">LEGAL MATTERS................................................................................................................................................................... 13</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">EXPERTS................................................................................................................................................................................... 13</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE................................................................................. 13</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS......................................................................... 14</font></p>

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<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">RISK FACTORS</font></b></p>

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<p style="margin-top: 0; margin-bottom: 0"><i><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; An investment in the shares being offered by this prospectus involves a high degree of risk.&nbsp; In addition to the other
information in this prospectus or incorporated herein by reference, the following factors should be considered carefully in evaluating an investment in the shares of common stock offered by this prospectus.&nbsp; This prospectus contains and incorporates by reference
forward-looking statements within the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995.&nbsp; Reference is made in particular to the discussion set forth under "Management's Discussion and Analysis of Financial Condition and Results of
Operations" in our Annual Report on Form 10-K for the fiscal year ended August 27, 2005; our Quarterly Reports on Form&nbsp; 10-Q for the quarters ended May 27, 2006, February 25, 2006 and November 25, 2005, and under "Business" in the Form&nbsp;10-K, incorporated in
this prospectus by reference.&nbsp; Such statements are based on current expectations that involve a number of uncertainties including those set forth in the risk factors below.&nbsp; Actual results could differ materially from those projected in the forward-looking
statements. Jennifer Convertibles is also subject to more general risks described in the Section "Special Note Regarding Forward Looking Statements" beginning on page 14.</font></i></p>

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<font size="2" face="Times New Roman">RISK FACTORS</font></b></p>
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<p style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">There is no assurance we will operate profitably.</font></b></p>

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<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; We incurred a net loss of ($3,870,000), ($4,142,000) and ($3,377,000) in the fiscal years ended August 27, 2005, August 28, 2004 and
August 30, 2003, respectively.&nbsp;&nbsp;The furniture business is cyclical and we have been impacted and will continue to be affected by changes in such cycles, by losses from new stores, the overall economic and political climate, changes in consumer preferences
or demographics or unknown risks and uncertainties that may cause us to continue to incur losses from operations.</font></p>

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<p style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">We may be liable for up to $2,700,000 per year of &ldquo;short-fall&rdquo; payments to the private company.</font></b></p>

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<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; As part of settlement with the private company, we obtained the right to open an unlimited number of stores in New York for a royalty
of $400,000 per year.&nbsp; Because we will be managing the private company&rsquo;s stores and because we may negatively impact the private company&rsquo;s sales by opening stores in its territory, we agreed to pay the private company up to $4,500,000 for the initial
period beginning January 1, 2002 and ended August 30, 2003 and $2,700,000 per year thereafter, of the shortfall of sales drop below specified levels.&nbsp; For the initial period, which ended August 30, 2003, the amount of &ldquo;short-fall&rdquo; payments we paid to
the private company was $1,326,000 and for fiscal years ended August 27, 2005 and August 28, 2004 the amount was $467,000 and $1,201,000, respectively. On November 18, 2004, the Management Agreement and License pursuant to which we are required to make such payments
to the private company was amended such that the private company has agreed to waive its rights to receive the payments described above during the period commencing January 1, 2005 through August 31, 2007.&nbsp;&nbsp; In addition, pursuant to the amendment, the
private company agreed to waive its rights to receive from us an annual royalty payment in the amount of $400,000 per year during the period commencing January 1, 2005 through April 30, 2005, the date of court approval.</font></p>

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<p style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">Our company could suffer from potential conflicts of interest.</font></b></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Potential conflicts of interest exist since Harley J. Greenfield, our Chairman of the Board and Chief Executive Officer, and Edward B.
Seidner, our Executive Vice President, and a former director, are owed over $10 million by the private company, which owns, controls or licenses the private company stores.&nbsp; Accordingly, such persons derive substantial economic benefits from the private
company.&nbsp; In addition, Fred Love, the co-founder of the related private company, was Mr.&nbsp;Greenfield&rsquo;s brother-in-law. Mr. Love passed away in October 2004 and Jane Love, Mr. Greenfield&rsquo;s sister, is currently acting as the interim President of
the private company.&nbsp; Circumstances may arise in which the interest of the private company stores, of the private company or of Mr.&nbsp;Greenfield and Mr.&nbsp; Seidner will conflict with our interests.&nbsp; There are also numerous relationships, and have been
numerous transactions, between us and the private company, including an agreement under which we warehouse and purchase merchandise for the private company, manage its stores and provide it other services.</font></p>

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<p style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">We depend heavily on two suppliers.</font></b></p>

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<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; We purchase a significant percentage of our merchandise from Klaussner Furniture Industries Inc. (&ldquo;Klaussner&rdquo;), which also
manufactures furniture under the Sealy<sup>R</sup> brand name.&nbsp; During the fiscal year ended August 27, 2005, we purchased approximately 30% of our merchandise from Klaussner and 49% of our merchandise from Caye Home Furnishings, LLC (&ldquo;Caye&rdquo;).&nbsp;
Since a large portion of our revenues have been derived from sales of Klaussner and Caye products, the loss of these suppliers could have a material adverse impact on us until alternative sources of supply are established.&nbsp; Our obligations to Caye are secured by
substantially all of our assets.&nbsp; Klaussner is also a principal stockholder and creditor of ours and owns retail stores that compete with ours.&nbsp; Klaussner&rsquo;s and Caye&rsquo;s position as significant creditors could potentially result in a temporary or
permanent loss of our principal supply of merchandise, if, for example, Klaussner and Caye halted supply because we defaulted on or were late in making our payments to them.</font></p>

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<p style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">The cyclical nature of the furniture industry poses risks to us from a prolonged economic downturn.</font></b></p>

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<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The furniture industry has been historically cyclical, fluctuating with general economic cycles.&nbsp; During economic downturns, the
furniture industry tends to experience longer periods of recession and greater declines than the general economy.&nbsp;</font></p>

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<p style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">Competition in the furniture industry could reduce our sales and cause us to reduce prices.</font></b></p>

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<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The retail sofabed business is highly competitive and includes competition from traditional furniture retailers and department stores
as well as numerous discount furniture outlets.&nbsp; Our stores may face sharp price-cutting, as well as imitation and other forms of competition, and we cannot prevent or restrain others from utilizing a similar marketing format.&nbsp; Although we are the largest
sofabed specialty retail dealer in the United States, many of our competitors have considerably greater financial resources.</font></p>

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<p style="margin-top: 0; margin-bottom: 0"><a name="_DV_C6"><b><font size="2" face="Times New Roman">A number of our store leases are month-to-month and accordingly the stores may need to halt operations on short notice.</font></b></a></p>

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<p style="margin-top: 0; margin-bottom: 0"><a name="_DV_C7"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; A number of our store leases are month-to-month. Accordingly, if, at the end of a monthly lease period, we are unable
to negotiate favorable terms for the new lease period or unable to renew such lease, we may need to halt operations at such location on short notice, which may have a material adverse effect on our results of operations.</font></a></p>

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<p style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">We may have difficulty obtaining additional financing.</font></b></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Our ability to expand and support our business may depend upon our ability to obtain additional financing.&nbsp; We may have difficulty
obtaining debt or equity financing.&nbsp; We are currently a party to a Credit Agreement and a Security Agreement with Caye (the &ldquo;Caye Credit Facility&rdquo;), pursuant to which Caye agreed to provide us with $11.5 million of debt financing.&nbsp; As of May 27,
2006, we owed Caye $9,521,000.&nbsp; Most of our assets are pledged to Caye as security for the amounts we owe under the Caye Credit Facility.&nbsp; From time to time, our financial position has made it difficult for us to obtain third party consumer financing.&nbsp;
Inability to secure such financing can adversely affects sales.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">Substantially all of our assets have been pledged to Caye pursuant to our credit facility.</font></b></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pursuant to the terms of the Caye Credit Facility, substantially all of our assets have been pledged to Caye as security for any
amounts we owe under the Caye Credit Facility.&nbsp; In the event of any bankruptcy, liquidation, dissolution, reorganization or similar proceeding against us, the assets that are pledged as collateral securing any unpaid amounts must first be used to pay such
amounts, as well as any other obligation secured by the pledged assets pursuant to the terms of the Caye Credit Facility, in full, before making any distributions to stockholders.&nbsp; In such event, you could lose all or a part of your investment.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0" align="center">
<font face="Times New Roman" size="2">7</font></p><hr>
<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

<p style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">Harley J. Greenfield and current management are likely to retain control.</font></b></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; As of July 10, 2006, Harley J. Greenfield, our Chairman of the Board and Chief Executive Officer and principal stockholder,
beneficially owns approximately 20.4% of our outstanding shares of common stock.&nbsp; Approximately 40.5% of the outstanding common stock is beneficially owned by all officers and directors as a group, including Messrs. Greenfield and Seidner.&nbsp; Since the
holders of our common stock do not have cumulative voting rights, such officers&rsquo; and directors&rsquo; ownership of our common stock will likely enable them to exercise significant influence in matters such as the election of our directors and other matters
submitted for stockholder approval.&nbsp; Also, the relationship of such persons to the private company could serve to perpetuate management&rsquo;s control in light of the private company&rsquo;s relationship to us.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">Our future success depends heavily on two executives.</font></b></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Our future success will depend substantially upon the abilities of Harley J. Greenfield, our Chairman of the Board and Chief Executive
Officer and one of our principal stockholders, as well as Rami Abada, our President, Chief Operating Officer and Chief Financial Officer.&nbsp; The loss of Mr.&nbsp;Greenfield&rsquo;s and/or Mr.&nbsp;Abada&rsquo;s services could materially adversely affect our
business and our prospects for the future. We do not have key man insurance on the lives of such individuals.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">We are prohibited from paying dividends on our common stock.</font></b></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Under the terms of the Caye Credit Facility, we are prohibited from paying any dividends on our common stock.&nbsp; We have never
declared or paid any cash dividends on our common stock and do not intend to pay any cash dividends in the foreseeable future.&nbsp; We currently anticipate that we will retain any earnings for use in the operation and expansion of our business and, therefore, do not
anticipate that we will pay any cash dividends in the foreseeable future.&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">We have a temporary exemption from the American Stock Exchange listing requirements and failure to meet our plan of compliance could result in the delisting of our common stock.</font></b></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On January 5, 2006, we received a letter from the American Stock Exchange (the &ldquo;Exchange&rdquo;) advising us that we were not in
compliance with the Exchange&rsquo;s requirements for continued listing.&nbsp; Among other things, the Exchange requires a minimum shareholder&rsquo;s equity of $4 million.&nbsp; As of November 26, 2005, our shareholder&rsquo;s equity was $81,000.&nbsp; Accordingly,
in order to maintain the continued listing of our stock, we were required to submit a plan of compliance (the &ldquo;Plan&rdquo;) to the Exchange demonstrating that we would be in compliance with all of the Exchange&rsquo;s requirements for continued listing within
18 months of the January 5, 2006 notice letter (the &ldquo;Plan Period&rdquo;).&nbsp; We submitted the Plan to the Exchange on February 3, 2006.&nbsp; On March 1, 2006, we received a letter from the Exchange advising us that the Exchange had reviewed and approved the
Plan and that our listing on the Exchange was being continued pursuant to an extension.&nbsp; However, the Exchange noted that it would continue to review us periodically for compliance with the Plan and, if we do not show progress consistent with the Plan, the
Exchange may immediately commence delisting proceedings.&nbsp; While we believe that we will demonstrate adequate progress consistent with the Plan to the satisfaction of the Exchange during the Plan Period and achieve the required compliance with the
Exchange&rsquo;s continued listing standards by the end of the Plan Period to remain listed on the Exchange, there can be no assurance that we will.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" color="black" face="Times New Roman">&nbsp;</font></p>

&nbsp;<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0" align="center">
<font face="Times New Roman" size="2">8</font></p>
<hr>
<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0">
<font size="2" face="Times New Roman"><br clear="all" />
</font>

</p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">THE COMPANY</font></b></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Arial">&nbsp;</font></b></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">We are the owner and licensor of the largest group of sofabed specialty retail stores and leather specialty retail stores in the United States, with stores located throughout the Eastern seaboard, in the Midwest, on the West
Coast and in the Southwest.&nbsp; As of May 27, 2006, our stores included 175 Jennifer Convertibles<sup>R</sup> stores and 16 Jennifer Leather stores.&nbsp; Of these 191 stores, we owned 167 and licensed 24, including 23 owned and operated by a related private
company and one owned by other third parties operated by the private company.</font></p>
<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">Jennifer Convertibles<sup>R</sup> stores specialize in the retail sale of a complete line of sofabeds.&nbsp; Additionally, we sell sofas and companion pieces, such as loveseats, chairs and recliners, in both fabric and
leather, designed and priced to appeal to a broad range of consumers.&nbsp; The sofabeds and companion pieces are made by several manufacturers and range from high-end merchandise to relatively inexpensive models.&nbsp; We are the largest dealer of Sealy<sup>R</sup>
sofabeds in the United States.&nbsp; Jennifer Leather stores specialize in the retail sale of leather living room furniture.&nbsp; In order to generate sales, our licensees and we rely on the attractive image of the stores, competitive pricing, prompt delivery and
extensive advertising.</font></p>

<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0">
<font size="2" face="Times New Roman">We believe that the image presented by our stores is an important factor in our overall marketing strategy.&nbsp; Accordingly, stores are designed to display our merchandise in an attractive setting designed to show the
merchandise, as it would appear in a customer&rsquo;s home.&nbsp; All of our stores have a similar clearly defined style, are designed as showrooms for the merchandise and are carpeted, well lighted and well maintained.&nbsp; Inventories for delivery are maintained
in separate warehouses.&nbsp; We display a variety of sofabeds and companion pieces at each Jennifer Convertibles retail location with cocktail tables and other accessories.&nbsp; In contrast to certain of our competitors that primarily target particular segments of
the market, we attempt to attract customers covering the broadest socioeconomic range of the market and, accordingly, offer a complete line of sofabeds made by a number of manufacturers in a variety of styles at prices currently ranging from approximately $299 to
$2,200.&nbsp; The Jennifer Leather stores similarly offer a complete line of leather living room furniture in a variety of styles and colors at prices currently ranging from approximately $599 to $5,000.&nbsp; We also generally feature attractive price incentives to
promote the purchase of merchandise.&nbsp; In addition to offering merchandise by brand name manufacturers, we offer merchandise at our Jennifer Convertibles and Jennifer Leather stores under the private label &ldquo;Bellissimo Collection<sup>R</sup>&rdquo; brand
name for leather merchandise.</font></p>

<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0">
<font size="2" face="Times New Roman">Although each style of sofabed, loveseat, sofa, chair and recliner is generally displayed at Jennifer Convertibles stores in one color and fabric, samples of the other available colors and fabrics or leathers are available on
selected merchandise.&nbsp; Up to 2,000 different colors and fabrics are available for an additional charge.&nbsp; To maximize the use of our stores and offer customers greater selection and value, we, as is common in the mattress industry, sell various sizes of
sofabeds with various sizes of mattresses but display only one size of sofabed.&nbsp; We also offer leather furniture in a number of different grades of leather and colors.&nbsp; We generate additional revenue by selling tables and offering related services, such as
lifetime fabric protection.</font></p>

<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0">
<font size="2" face="Times New Roman">A related private company, &ldquo;the private company&rdquo;, operates 24 Jennifer Convertibles stores, 23 of which it owns and one of which it licenses and manages.&nbsp; We do not own or collect any royalties from the 21
private company owned stores, which are located in New York.&nbsp; However, the private company operates these stores in substantially the same way as we operate our stores and we are currently managing certain aspects of such stores.&nbsp; Fred Love, who passed away
in October 2004, co-founded the private company.&nbsp; Mr. Love was one of our principal stockholders and also the brother-in-law of Harley J. Greenfield, our Chairman of the Board, Chief Executive Officer, director and principal stockholder.&nbsp; Jane Love, Mr.
Greenfield&rsquo;s sister, is currently acting as the interim President of the private company. Jonathan Warner has been appointed as the trustee of Mr. Love&rsquo;s estate.&nbsp; See &ldquo;Agreements and Transactions with Private Company (Note 3)&rdquo; and
"Certain Relationships and Related Transactions" in our Proxy Statement furnished in connection with our Annual Meeting of Stockholders&nbsp; held on February 7, 2006, which is hereby incorporated by reference.</font></p>

<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0" align="center">
<font face="Times New Roman" size="2">9</font></p><hr>
<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0">
<font size="2" face="Times New Roman">Merchandise ordered from inventory is generally available to be delivered within two weeks.&nbsp; Customers who place special orders for items, colors or fabrics not in inventory must generally wait four to six weeks for
delivery, except for leather merchandise which may take up to 20 weeks.&nbsp; We believe that our ability to offer quick delivery of merchandise represents a competitive advantage.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">&nbsp;</font></b></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">SELLING STOCKHOLDERS</font></b></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Selling Stockholders are offering hereby shares, which have been or may hereafter be acquired by them upon the exercise of options
granted under the 2003 Stock Option Plan. The names of additional Selling Stockholders and the number of shares offered hereby by them may be added to this prospectus from time to time by an addendum or supplement to this prospectus.&nbsp; Other persons who acquire
shares from the Selling Stockholders may also be identified as Selling Stockholders by means of an addendum or supplement to this prospectus.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">Rami Abada is our Chief Operating Officer, Interim Chief Financial Officer and a director.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">Edward Bohn is one of our directors.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">Kevin Coyle is one of our directors.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">Leslie Falchook is our Senior Vice President - Administration.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">Harley J. Greenfield is our Chief Executive Officer and Chairman of the Board.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">Kevin Mattler is our Senior Vice President - Store Operations.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">Joseph Schillero is our Controller.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">Edward Seidner is our Executive Vice President.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">Bernard Wincig is one of our former directors.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The following table lists the Selling Stockholders and other information regarding the beneficial ownership of Common Stock by each of
the Selling Stockholders as of July 10, 2006.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0">

<tr>
<td valign="top" width="112">
<p style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">&nbsp;</font></b></p>

<p style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">&nbsp;</font></b></p>

<p style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">&nbsp;</font></b></p>

<p style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">Name</font></b></p>
</td>
<td valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">Number of Shares Beneficially Owned Prior to Offering (1)</font></b></p>
</td>
<td valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">&nbsp;</font></b></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">&nbsp;</font></b></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">Number of Shares Being Offered (2)</font></b></p>
</td>
<td valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">Number of Shares to be Beneficially Owned After Offering (3)</font></b></p>
</td>
<td valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">Percentage of Class to be Beneficially Owned After Offering</font></b></p>
</td>
</tr>


<tr>
<td valign="top" width="112">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="top">
<p align="right" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="top">
<p align="right" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="top">
<p align="right" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr>
<td valign="top" width="112">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">Rami Abada</font></p>
</td>
<td valign="top" align="center">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">1,003,001(4)</font></p>
</td>
<td valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">0</font></p>
</td>
<td valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">1,003,001</font></p>
</td>
<td valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">13.4%</font></p>
</td>
</tr>

<tr>
<td valign="top" width="112">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="top" align="center">
<p align="right" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="top">
<p align="right" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="top">
<p align="right" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr>
<td valign="top" width="112">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">Mark Berman</font></p>
</td>
<td valign="top" align="center">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">123,000(5)</font></p>
</td>
<td valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">25,000</font></p>
</td>
<td valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">98,000</font></p>
</td>
<td valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">1.4%</font></p>
</td>
</tr>

<tr>
<td valign="top" width="112">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="top" align="center">
<p align="right" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="top">
<p align="right" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="top">
<p align="right" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr>
<td valign="top" width="112">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">Edward Bohn</font></p>
</td>
<td valign="top" align="center">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">104,500(6)</font></p>
</td>
<td valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">50,000</font></p>
</td>
<td valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">54,500</font></p>
</td>
<td valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">*</font></p>
</td>
</tr>

<tr>
<td valign="top" width="112">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="top" align="center">
<p align="right" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="top">
<p align="right" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="top">
<p align="right" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr>
<td valign="top" width="112">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">Kevin Coyle</font></p>
</td>
<td valign="top" align="center">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">111,250(7)</font></p>
</td>
<td valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">50,000</font></p>
</td>
<td valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">61,250</font></p>
</td>
<td valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">*</font></p>
</td>
</tr>

<tr>
<td valign="top" width="112">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="top" align="center">
<p align="right" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="top">
<p align="right" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="top">
<p align="right" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr>
<td valign="top" width="112">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">Leslie Falchook</font></p>
</td>
<td valign="top" align="center">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">77,600(8)</font></p>
</td>
<td valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">0</font></p>
</td>
<td valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">77,600</font></p>
</td>
<td valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">1.2%</font></p>
</td>
</tr>

<tr>
<td valign="top" width="112">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="top" align="center">
<p align="right" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="top">
<p align="right" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="top">
<p align="right" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr>
<td valign="top" width="112">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">Harley J. Greenfield</font></p>
</td>
<td valign="top" align="center">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">1,598,324(9)</font></p>
</td>
<td valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">233,333</font></p>
</td>
<td valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">1,364,991</font></p>
</td>
<td valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">17.9%</font></p>
</td>
</tr>

<tr>
<td valign="top" width="112">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="top" align="center">
<p align="right" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="top">
<p align="right" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="top">
<p align="right" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr>
<td valign="top" width="112">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">Kevin Mattler</font></p>
</td>
<td valign="top" align="center">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">51,200(10)</font></p>
</td>
<td valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">0</font></p>
</td>
<td valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">51,200</font></p>
</td>
<td valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">*</font></p>
</td>
</tr>

<tr>
<td valign="top" width="112">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="top" align="center">
<p align="right" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="top">
<p align="right" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="top">
<p align="right" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr>
<td valign="top" width="112">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">Joseph Schillero</font></p>
</td>
<td valign="top" align="center">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">25,000(11)</font></p>
</td>
<td valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">0</font></p>
</td>
<td valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">25,000</font></p>
</td>
<td valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">*</font></p>
</td>
</tr>

<tr>
<td valign="top" width="112">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="top" align="center">
<p align="right" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="top">
<p align="right" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="top">
<p align="right" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr>
<td valign="top" width="112">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">Edward Seidner</font></p>
</td>
<td valign="top" align="center">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">682,883(12)</font></p>
</td>
<td valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">0</font></p>
</td>
<td valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">682,883</font></p>
</td>
<td valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">10.3%</font></p>
</td>
</tr>

<tr>
<td valign="top" width="112">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="top" align="center">
<p align="right" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="top">
<p align="right" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="top">
<p align="right" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr>
<td valign="top" width="112">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">Bernard Wincig</font></p>
</td>
<td valign="top" align="center">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">203,573(13)</font></p>
</td>
<td valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">25,000</font></p>
</td>
<td valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">178,573</font></p>
</td>
<td valign="top">
<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">2.7%</font></p>
</td>
</tr>
</table>

<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">*&nbsp; Less than 1% of the outstanding Common Stock.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><u><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></u></p>

<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0" align="center">
<font size="2" face="Times New Roman">10</font></p>
<p style="margin-top: 0; margin-bottom: 0" align="center">&nbsp;</p><hr>
<p style="margin-top: 0; margin-bottom: 0" align="center">
<font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0">
<font face="Times New Roman" size="2">(1)&nbsp;&nbsp;&nbsp; Includes all shares of Common Stock owned by the Selling Stockholder and shares of Common Stock, which the Selling Stockholder has the right to acquire, through the exercise of options including those granted under the 2003 Stock Option Plan, within 60 days after
the date hereof.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0">
<font face="Times New Roman" size="2">(2)&nbsp;&nbsp;&nbsp; Includes certain shares of Common Stock acquired by the Selling Stockholder pursuant to the exercise of options granted under the 2003 Stock Option Plan and all shares of Common Stock which the Selling Stockholder has the right to acquire, through the exercise of
options granted under the 2003 Stock Option Plan, whether or not such right has yet become exercisable or will become exercisable within 60 days after the date hereof.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0">
<font face="Times New Roman" size="2">(3)&nbsp;&nbsp;&nbsp; Includes shares of Common Stock owned by the Selling Stockholder and Shares of Common Stock, which the Selling Stockholder has the right to acquire, through the exercise of options, other than those granted under the 2003 Stock Option Plan, within 60 days after
the date hereof.&nbsp; Assumes all shares registered pursuant hereto will be sold, although there can be no assurance that any of the Selling Stockholders will offer for sale or sell any or all of the Common Stock offered by them pursuant to this Prospectus.&nbsp;
Also assumes that no other shares are acquired or transferred by the Selling Stockholder.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0">
<font face="Times New Roman" size="2">(4)&nbsp;&nbsp;&nbsp; Includes (a) 53,001 shares of common stock and (b) 950,000 shares issuable upon the exercise of options to purchase common stock that are exercisable within 60 days of July 10, 2006.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0">
<font face="Times New Roman" size="2">(5)&nbsp;&nbsp;&nbsp; Includes (a) 27,000 shares of our common stock held directly by Mr. Berman; (b) 16,000 shares of our common stock held by Mr. Berman&rsquo;s wife; (c) 2,000 shares of our common stock held under a Money Purchase Keogh f/b/o Mark Berman by CWAI Consultants Corp.;
(d) 3,000 shares of our common stock held under a Profit Sharing Keogh f/b/o Mark Berman by CWAI Consultants Corp.; and (e) 50,000 shares issuable upon the exercise of options to purchase common stock that are exercisable within 60 days of July 10, 2006.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0">
<font face="Times New Roman" size="2">(6)&nbsp;&nbsp;&nbsp; Includes (a) 4,500 shares of common stock and (b) 50,000 shares issuable upon the exercise of options to purchase common stock that are exercisable within 60 days of July 10, 2006.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0">
<font face="Times New Roman" size="2">(7)&nbsp;&nbsp;&nbsp; Includes (a) 11,250 shares of common stock and (b) 50,000 shares issuable upon the exercise of options to purchase common stock that are exercisable within 60 days of July 10, 2006.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0">
<font face="Times New Roman" size="2">(8)&nbsp;&nbsp;&nbsp; Includes (a) 27,600 shares of common stock and (b) 50,000 shares issuable upon the exercise of options to purchase common stock that are exercisable within 60 days of July 10, 2006.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0">
<font face="Times New Roman" size="2">(9)&nbsp;&nbsp;&nbsp; Includes (a) 297,329 shares of common stock, (b) 300,000 shares of common stock underlying options to acquire convertible preferred stock owned by Klaussner and granted to Mr. Greenfield by them and (c) 767,662 shares issuable upon the exercise of options to
purchase common stock that are exercisable within 60 days of July 10, 2006.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0" align="center">
<font face="Times New Roman" size="2">11</font></p><hr>
<p style="margin-top: 0; margin-bottom: 0">
<font face="Times New Roman" size="2">(10)&nbsp;&nbsp;&nbsp; Includes 51,200 shares issuable upon the exercise of options to purchase common stock that are exercisable within 60 days of July 10, 2006.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0">
<font face="Times New Roman" size="2">(11)&nbsp;&nbsp;&nbsp; Includes 25,000 shares issuable upon the exercise of options to purchase common stock that are exercisable within 60 days of July 10, 2006.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0">
<font face="Times New Roman" size="2">(12)&nbsp;&nbsp;&nbsp; Includes (a) 100,000 shares of common stock and (b) 582,883 shares issuable upon the exercise of options to purchase common stock that are exercisable within 60 days of July 10, 2006.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0">
<font face="Times New Roman" size="2">(13)&nbsp;&nbsp;&nbsp; Includes (a) 115,773 shares of our common stock held directly by Mr. Wincig; (b) 8,800 shares of our common stock held by Mr. Wincig&rsquo;s wife; and (c) 79,000 shares issuable upon the exercise of options to purchase common stock that are exercisable within 60
days of July 10, 2006.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">USE OF PROCEEDS</font></b></p>

<p style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">&nbsp;</font></b></p>

<p style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b><font face="Times New Roman" size="2"> We are unable to predict the time, if ever, when options will be exercised.&nbsp; If all options are exercised, the net
proceeds would amount to $2,464,000.&nbsp; Moreover, the 2003 Stock Option Plan permits certain methods of exercising options, which would not result in us receiving any cash proceeds.&nbsp; Accordingly, the proceeds from the exercise of options, if any, have not
been allocated for any particular purpose. We will not receive any proceeds from the subsequent sale of shares by the Selling Stockholders.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">PLAN OF DISTRIBUTION</font></b></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The shares may be offered and sold from time to time by the Selling Stockholders, or by pledgees, donees, transferees or other
successors in interest.&nbsp; Such offers and sales may be made from time to time on one or more exchanges or in the over-the-counter market, or otherwise, at prices and on terms then prevailing or at prices related to the then-current market price, or in negotiated
transactions.&nbsp; The shares may be sold by one or more of the following:&nbsp; (a) a block trade in which the broker or dealer so engaged will attempt to sell the Shares as agent but may position and resell a portion of the block as principal to facilitate the
transaction; (b) purchases by a broker or dealer as principal and resale by such broker or dealer for its account; (c) an exchange distribution in accordance with the rules of such exchange; (d)&nbsp;ordinary brokerage transactions and transactions in which the
broker solicits purchasers; and (e) a combination of any such methods of sale.&nbsp; In effecting sales, brokers or dealers engaged by the Selling Stockholders may arrange for other brokers or dealers to participate.&nbsp; Brokers or dealers may receive commissions
or discounts from Selling Stockholders or from purchasers in amounts to be negotiated immediately prior to the sale.&nbsp; Such brokers or dealers and any other participating brokers or dealers may be deemed to be &ldquo;underwriters&rdquo; within the meaning of the
Securities Act in connection with such sales.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In addition, any securities covered by this Prospectus which qualify for sale pursuant to Rule 144 or Rule&nbsp;701 promulgated under
the Securities Act may be sold under Rule 144 or Rule&nbsp;701 rather than pursuant to this Prospectus.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; We may enter into customary agreements with the Selling Stockholders concerning indemnification and the provision of information in
connection with the sale of the shares.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; There is no assurance that any of the Selling Stockholders will offer for sale or sell any or all the common stock covered by this
prospectus.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The stockholders listed above under &ldquo;Selling Stockholders,&rdquo; and any other person with whom such Selling Stockholder is
acting in concert for the purpose of selling securities of Jennifer Convertibles, may not sell by means of the prospectus more than the amount of securities, during any three-month period, specified in Rule 144(e) promulgated under the Securities Act.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<hr>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
<p style="margin-top: 0; margin-bottom: 0" align="center">
<font face="Times New Roman" size="2">12</font></p>
<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

<p style="margin-top: 0; margin-bottom: 0" align="center"><b>
<font size="2" face="Times New Roman">
LEGAL MATTERS</font></b></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The validity of the issuance of the shares of Common Stock registered under this Registration Statement has been passed upon for the
Registrant by Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.&nbsp; A member of that firm owns an aggregate of approximately 25,000 shares of Common Stock of the Registrant.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0" align="center"><b><font size="2" face="Times New Roman">
&nbsp;EXPERTS</font></b></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The consolidated financial statements of Jennifer Convertibles, Inc. appearing in its Annual Report on Form 10-K for the year ended
August 27, 2005 have been audited by Eisner LLP, independent registered public accounting firm, as set forth in their report thereon , included thereon and incorporated herein by reference. Such consolidated financial statements and are incorporated herein by
reference in reliance upon such report given upon the authority of such firm as experts in accounting and auditing.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">&nbsp;</font></b></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE</font></b></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The following documents that we filed with the SEC are incorporated herein by reference:</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a)<b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</b> Annual Report on Form 10-K for the fiscal year ended August 27,
2005.</font></p>
<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

<p style="margin-top: 0; margin-bottom: 0">
<font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Quarterly Reports on Form 10-Q for the quarters ended May 27, 2006, February 25, 2006 and November 25, 2005.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0">
<font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Current Reports on Form 8-K dated January 5, 2006 and March 6, 2006.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0">
<font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The description of our common stock contained in our Registration Statement on Form 8-A filed with the SEC on June 9, 2003, including any amendments or reports filed for the purpose of updating that description.
</font> </p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; All documents subsequently filed by us pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934, as
amended, after the date of this prospectus and prior to the termination of the offering of the shares shall be deemed to be incorporated by reference in this Prospectus and to be deemed a part hereof from the date of filing of such documents.&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or
superseded for purposes of this Prospectus to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such statement.&nbsp; Any such statement so
modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this prospectus.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; You may request, orally or in writing, a copy of these documents, which will be provided to you at no cost, by contacting:</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">Investor Relations</font></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">Jennifer Convertibles, Inc.</font></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">419 Crossways Park Drive</font></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">Woodbury, New York 11797</font></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">Telephone: (516) 496-1900</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0" align="center">

<font size="2" face="Times New Roman"><br clear="all" />
13</font></p>

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<hr>
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<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS</font></b></p>

<p style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">&nbsp;</font></b></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Certain statements included or incorporated by reference into this prospectus constitute "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995, and include statements made in press releases and oral statements made by our officers, directors or employees acting on our behalf. All such forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Such
factors include, among others, market demand for our products, successful implementation of our products, competitive factors, the ability to manage our growth, the ability to recruit additional personnel and other factors referenced in this prospectus and in our
filings with the Securities and Exchange Commission. In addition to statements which explicitly describe such risks and uncertainties, you are urged to consider statements labeled with the terms "believes," "belief," "expects," "plans," "anticipates" or "intends," to
be uncertain and forward-looking.</font></p>
</div>

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<font face="Times New Roman" size="2">14</font></p>
<hr>
<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

<div>
<h1 style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">&nbsp;</font></b></h1>

<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">PART II</font></b></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0" align="center">
<font size="2" face="Times New Roman">
<b>INFORMATION
REQUIRED IN THE REGISTRATION STATEMENT</b></font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><u><font size="2" face="Times New Roman">Item 3.&nbsp; Incorporation of Certain Documents by Reference</font></u>.</p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The following documents filed by the Registrant with the Commission are incorporated herein by reference:</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a)<b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</b> Annual Report on Form 10-K for the fiscal year ended August 27,
2005.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Quarterly Reports on Form 10-Q for the quarters ended May 27, 2006,
February 25, 2006 and November 25, 2005.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Current Reports on Form 8-K dated January 5, 2006 and March 6,
2006.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The description of Common Stock contained in the Company's Registration Statement on Form 8-A (File No.&nbsp;000-24919) filed with the SEC on August 27, 1987, as
amended.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; All reports and other documents filed by the Registrant after the date hereof pursuant to Sections 13(a), 13(c), 14 and 15(d) of the
Exchange Act prior to the filing of a post-effective amendment which indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference herein and to be part hereof
from the date of filing of such reports and documents.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><u><font size="2" face="Times New Roman">Item 4.&nbsp; Description of Securities</font></u>.</p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Not applicable.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><u><font size="2" face="Times New Roman">Item 5.&nbsp; Interests of Named Experts and Counsel</font></u>.</p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The validity of the issuance of the shares of Common Stock registered under this Registration Statement has been passed upon for the
Registrant by Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.&nbsp; A member of that firm owns an aggregate of approximately 25,000 shares of Common Stock of the Registrant.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><u><font size="2" face="Times New Roman">Item 6.&nbsp; Indemnification of Directors and Officers</font></u>.</p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Incorporated by reference from the Registrant&rsquo;s Registration Statement on Form S-1, Nos. 333-22214 and 33-10800.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><u><font size="2" face="Times New Roman">Item 7.&nbsp; Exemption from Registration Claimed</font></u>.</p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Not applicable.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><u><font size="2" face="Times New Roman">Item 8.&nbsp; Exhibits</font></u>.</p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4.1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Form of Common Stock Certificate (Filed as Exhibit 5.1 to Registrant&rsquo;s
Registration Statement on Form&nbsp;8-A, dated August 26, 1987, as amended, and incorporated herein by reference).</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4.2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Certificate of Incorporation of the Registrant (Filed as Exhibit 3.1 to
Registrant&rsquo;s Registration Statement on Form S-1, as amended, Nos. 333-22214 and 33-10800, and incorporated herein by reference).</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4.3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restated By-Laws of the Registrant (Filed as Exhibit 3.2 to Registrant&rsquo;s
Registration Statement on Form S-1, as amended, Nos. 333-22214 and 33-10800, and incorporated herein by reference).</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p><hr>
<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Opinion of Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. as to
the legality of shares being registered.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (23.1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consent of Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. (included in opinion of counsel
filed as Exhibit 5).</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (23.2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consent of Eisner LLP.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (24)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Power of Attorney to file future amendments (set forth on the signature page of
this Registration Statement).</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><u><font size="2" face="Times New Roman">Item 9.&nbsp; Undertakings</font></u>.</p>

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<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">The undersigned Registrant hereby undertakes:</font></p>
<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

<p style="margin-top: 0; margin-bottom: 0">
<font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
1.&nbsp;&nbsp;&nbsp; To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:</font></p>

<p style="margin-top: 0; margin-bottom: 0">
<font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
i.&nbsp;&nbsp;&nbsp; To include any prospectus required by <font color="black">section 10(a)(3)</font></a> of the Securities Act of 1933;</font></p>

<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0">
<font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
ii.&nbsp;&nbsp;&nbsp; To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in
the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the
low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to <font color="black">Rule 424(b)</font></a> if, in the aggregate, the
changes in volume and price represent no more than 20% change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration statement.</font></p>

<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0">
<font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
iii.&nbsp;&nbsp;&nbsp; To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;</font></p>

<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0">
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provided however, That:</font></p>

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<p style="margin-top: 0; margin-bottom: 0">
<font face="Times New Roman" size="2"><a name="a.1.iii.A">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
A.&nbsp;&nbsp;&nbsp; </a>Paragraphs (a)(1)(i) and (a)(1)(ii) of this section do not apply if the registration statement is on <font color="black">Form S-8</font></a>, and the information required to be
included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the registrant pursuant to <font color="black">section 13</font></a> or
<font color="black">section 15(d)</font></a> of the Securities Exchange Act of 1934 that are incorporated by reference in the registration statement; and</font></p>

<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0">
<font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
B.&nbsp;&nbsp;&nbsp; Paragraphs (a)(1)(i), (a)(1)(ii) and (a)(1)(iii) of this section do not apply if the registration statement is on <font color="black">Form S-3</font></a> or
<font color="black">Form F-3</font></a> and the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the registrant
pursuant to section 13 or section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the registration statement, or is contained in a form of prospectus filed pursuant to <font
color="black">Rule 424(b)</font></a> that is part of the registration statement.</font></p>
<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p><hr>
<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
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<p style="margin-top: 0; margin-bottom: 0">
<font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
2.&nbsp;&nbsp;&nbsp; That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such
securities at that time shall be deemed to be the initial bona fide offering thereof.</font></p>

<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0">
<font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
3.&nbsp;&nbsp;&nbsp; To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.</font></p>

<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0">
<font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
4.&nbsp;&nbsp;&nbsp; If the registrant is a foreign private issuer, to file a post-effective amendment to the registration statement to include any financial statements required by Item 8.A. of <font color=
"black">Form 20-F</font></a> at the start of any delayed offering or throughout a continuous offering. Financial statements and information otherwise required by <font color="black">Section 10(a)(3)</font></a>
of the Act need not be furnished, <i>provided</i> that the registrant includes in the prospectus, by means of a post-effective amendment, financial statements required pursuant to this paragraph (a)(4) and other information necessary to ensure that all other
information in the prospectus is at least as current as the date of those financial statements. Notwithstanding the foregoing, with respect to registration statements on <font color="black">Form F-3</font></a>,
a post-effective amendment need not be filed to include financial statements and information required by Section 10(a)(3) of the Act or Rule 3-19 of this chapter if such financial statements and information are contained in periodic reports filed with or furnished to
the Commission by the registrant pursuant to <font color="black">section 13</font></a> or <font color="black">section 15(d)</font></a> of the Securities
Exchange Act of 1934 that are incorporated by reference in the Form F-3.</font></p>

<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0">
<font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
5.&nbsp;&nbsp; That, for the purpose of determining liability under the Securities Act of 1933 to any purchaser:</font></p>

<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0">
<font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
i.&nbsp;&nbsp;&nbsp; If the registrant is relying on Rule 430B (?230.430B of this chapter):</font></p>

<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0">
<font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
A.&nbsp;&nbsp;&nbsp; Each prospectus filed by the registrant pursuant to <font color="black">Rule 424(b)(3)</font></a>shall be deemed to be part of the registration statement as of the date the filed
prospectus was deemed part of and included in the registration statement; and</font></p>

<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0">
<font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
B.<a name="a.5.i.B">&nbsp;&nbsp;&nbsp; </a>Each prospectus required to be filed pursuant to <font color="black">Rule 424(b)(2)</font></a>, <font color="black">
(b)(5)</font></a>, or <font color="black">(b)(7)</font></a> as part of a registration statement in reliance on Rule 430B relating to an offering made pursuant to
<font color="black">Rule 415(a)(1)(i)</font></a>, <font color="black">(vii)</font></a>, or
<font color="black">(x)</font></a> for the purpose of providing the information required by section 10(a) of the Securities Act of 1933 shall be deemed to be part of and included in the registration statement as
of the earlier of the date such form of prospectus is first used after effectiveness or the date of the first contract of sale of securities in the offering described in the prospectus. As provided in Rule 430B, for liability purposes of the issuer and any person
that is at that date an underwriter, such date shall be deemed to be a new effective date of the registration statement relating to the securities in the registration statement to which that prospectus relates, and the offering of such securities at that time shall
be deemed to be the initial bona fide offering thereof. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the
registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such effective date, supersede or modify any statement that was made in the registration statement or prospectus that was
part of the registration statement or made in any such document immediately prior to such effective date; or</font></p>
<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p><hr>
<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

<p style="margin-top: 0; margin-bottom: 0">
<font face="Times New Roman" size="2"><a name="a.5.ii">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
ii.&nbsp;&nbsp;&nbsp; </a>If the registrant is subject to Rule 430C, each prospectus filed pursuant to Rule 424(b) as part of a registration statement relating to an offering, other than registration statements relying on Rule 430B or other than prospectuses filed in
reliance on Rule 430A, shall be deemed to be part of and included in the registration statement as of the date it is first used after effectiveness. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration
statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such first use, supersede or
modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such date of first use.</font></p>

<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0">
<font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
6.&nbsp;&nbsp;&nbsp; That, for the purpose of determining liability of the registrant under the Securities Act of 1933 to any purchaser in the initial distribution of the securities: The undersigned registrant undertakes that in a primary offering of securities of
the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the
undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:</font></p>
<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

<p style="margin-top: 0; margin-bottom: 0">
<font face="Times New Roman" size="2"><a name="a.6.i">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
i.&nbsp;&nbsp;&nbsp; </a>Any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;</font></p>

<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0">
<font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
ii.<a name="a.6.ii">&nbsp;&nbsp;&nbsp; </a>Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant;</font></p>

<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0">
<font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
iii.&nbsp;&nbsp;&nbsp; The portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and</font></p>

<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0">
<font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
iv.&nbsp;&nbsp;&nbsp; Any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the registrant's annual report pursuant to section 13(a) or section 15(d) of the
Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan's annual report pursuant to section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the registration statement shall be deemed to be a
new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the
registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities
(other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against
public policy as expressed in the Act and will be governed by the final adjudication of such issue.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<font size="2" face="Times New Roman"><br clear="all" />
</font><hr>
<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">SIGNATURES</font></b></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><i><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Registrant</font></i><font face="Times New Roman" size="2">.&nbsp; Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has
reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Woodbury, New York on July 17, 2006.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Jennifer Convertibles, Inc.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
By&nbsp;&nbsp; <u>/s/ Harley J. Greenfield</u></font></p>

<p style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b><font face="Times New Roman" size="2">
Harley J. Greenfield</font></p>

<p style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b><font face="Times New Roman" size="2">
Chief Executive Officer</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Each person whose signature appears below constitutes and appoints Harley J. Greenfield and Rami Abada, and each of them singly, his
true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution in each of them singly, for him and in his name, place and stead, and in any and all capacities, to sign any and all amendments (including post-effective amendments) to
this Registration Statement on Form&nbsp;S-8 of Jennifer Convertibles, Inc., and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting to the attorneys-in-fact and agents, and
each of them, full power and authority to do and perform each and every act and thing requisite or necessary to be done in or about the premises, as full to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that the
attorneys-in-fact and agents or any of each of them or their substitute may lawfully do or cause to be done by virtue hereof.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the
capacities and on the dates indicated.</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><u><font size="2" face="Times New Roman">
Signature</font></u><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<u>
Title</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<u>Date</u></font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><u><font size="2" face="Times New Roman">/s/ Harley J. Greenfield&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></u><font face="Times New Roman" size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chief Executive Officer and</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">Harley J.
Greenfield&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Chairman of the Board&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; July 21, 2006</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><u><font size="2" face="Times New Roman">/s/ Rami
Abada&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></u><font face="Times New Roman" size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chief Financial Officer
and&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; July 21, 2006</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">Rami
Abada&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Director</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><u><font size="2" face="Times New Roman">/s/ Edward
Bohn&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></u><font face="Times New Roman" size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Director&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
July 21, 2006</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">Edward Bohn</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><u><font size="2" face="Times New Roman">/s/ Kevin
Coyle&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></u><font face="Times New Roman" size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Director&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
July 21, 2006</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">Kevin Coyle</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><u><font size="2" face="Times New Roman">/s/ Mark Berman&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></u><font face="Times New Roman" size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Director&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
July 21, 2006</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">Mark Berman</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
<hr>
<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

<font size="2" face="Times New Roman"><br clear="all" />
</font>

<p style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Jennifer Convertibles, Inc.</font></b></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<b>INDEX TO EXHIBITS FILED WITH</b></font></p>

<p style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
FORM S&#8209;8 REGISTRATION STATEMENT</font></b></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0">
<tr>
<td valign="top">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">Exhibit</font></p>
</td>
<td valign="top">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="top">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr>
<td valign="top">
<p style="margin-top: 0; margin-bottom: 0"><u><font size="2" face="Times New Roman">Number</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>&nbsp; </u></font></p>
</td>
<td valign="top">
<p style="margin-top: 0; margin-bottom: 0"><u><font size="2" face="Times New Roman">Description</font></u></p>
</td>
<td valign="top">
<p style="margin-top: 0; margin-bottom: 0"><u><font size="2" face="Times New Roman">&nbsp;</font></u></p>
</td>
</tr>
</table>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0">
<tr>
<td valign="top">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">(4.1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></p>
</td>
<td valign="top">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">Form of Common Stock Certificate (1) (Filed as Exhibit 5.1 to Registrant&rsquo;s Registration Statement on Form&nbsp;8-A, dated August 26, 1987, as amended, and incorporated herein by reference).</font></p>
</td>
<td valign="top">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>
</table>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0">
<tr>
<td valign="top">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">(4.2&nbsp;&nbsp;&nbsp;&nbsp; )</font></p>
</td>
<td valign="top">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">Certificate of Incorporation of the Registrant (Filed as Exhibit 3.1 to Registrant&rsquo;s Registration Statement on Form S-1, as amended, Nos. 333-22214 and 33-10800, and incorporated herein by reference).</font></p>
</td>
<td valign="top">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>
</table>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0">
<tr>
<td valign="top">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">(4.3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></p>
</td>
<td valign="top">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;Restated By-Laws of the Registrant (Filed as Exhibit 3.2 to Registrant&rsquo;s Registration Statement on Form S-1, as amended, Nos. 333-22214 and 33-10800, and incorporated&nbsp;&nbsp;&nbsp; herein&nbsp; by reference).</font></p>
</td>
<td valign="top">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr>
<td valign="top">
<p style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">&nbsp;</font></b></p>
</td>
<td valign="top">
<p style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">&nbsp;</font></b></p>
</td>
<td valign="top">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr>
<td valign="top">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">(5)</font></p>
</td>
<td valign="top">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">Opinion of Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. as to the legality of shares being registered, filed herewith.</font></p>
</td>
<td valign="top">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>
</table>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0">
<tr>
<td valign="top">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">(23.1 )&nbsp;&nbsp; </font></p>
</td>
<td valign="top">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp; Consent of Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. (included in opinion of counsel filed as Exhibit 5).</font></p>
</td>
<td valign="top">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>
</table>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0">
<tr>
<td valign="top">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">(23.2)&nbsp;&nbsp;&nbsp; </font></p>
</td>
<td valign="top">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp; Consent of Eisner LLP, filed herewith.</font></p>
</td>
<td valign="top">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>
</table>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0">
<tr>
<td valign="top">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">(24)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></p>
</td>
<td valign="top">
<p style="margin-top: 0; margin-bottom: 0">
<font size="2" face="Times New Roman">&nbsp;Power of Attorney to file future amendments (set forth on the signature page of this Registration Statement.)</font></p>
</td>
<td valign="top">
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>
</table>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p><hr>
</div>
</body>
</html>
[{"type": "S-8", "sequence": "1", "filename": "jens8july06.htm", "secsgml_size_bytes": 161339}]
{"company-data": {"conformed-name": "JENNIFER CONVERTIBLES INC", "cik": "0000806817", "assigned-sic": "5712", "irs-number": "112824646", "state-of-incorporation": "DE", "fiscal-year-end": "0830"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-135948", "film-number": "06974110"}, "business-address": {"street1": "419 CROSSWAYS PK DR", "city": "WOODBURY", "state": "NY", "zip": "11797", "phone": "5164961900"}, "mail-address": {"street1": "419 CROSSWAYS PARK DR", "street2": "419 CROSSWAYS PARK DR", "city": "WOODBURY", "state": "NY", "zip": "11797"}}
As filed with the Securities and Exchange Commission on July 21
,
2006
REGISTRATION NO. 333 ‑
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Form S‑8
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
JENNIFER CONVERTIBLES, INC.
(
Exact Name of Registrant as Specified in Its Charter)
Delaware                                                                                                                                                                 
11-2824646
(
State or Other
Jurisdiction
(
I.R.S. Employer
of Incorporation or Organization
)
Identification No.
)
419 Crossways Park Drive
Woodbury, New York 11797
(
Address, Including Zip Code, of Principal Executive Offices
)
Jennifer Convertibles, Inc. Stock Option Plan
(Full Titles of the Plans)
Harley J. Greenfield, Chief Executive Officer
Jennifer Convertibles, Inc.
419 Crossways Park Drive
Woodbury, New York 11797
(516) 496-1900
(
Name, Address and Telephone Number, Including
Area Code, of Agent For Service
)
with a copy to:
Kenneth R. Koch, Esq.
Mintz Levin Cohn Ferris Glovsky and Popeo P.C.
666 Third Avenue
New York, New York 10017
(212) 935-3000
CALCULATION OF REGISTRATION FEE
Title of Securities to be Registered
Amount to be Registered
(1)
Proposed Maximum Offering Price Per Share
Proposed Maximum Aggregate Offering Price
Amount of Registration
Common Stock, par value $0.01 per share
383,333
(2)
$3.52
(2)
$1,349,332.10
$144.38
Common Stock, par value $0.01 per share
316,667
(3)
$6.30
(4)
$1,995,002.10
(4)
$213.47
(1)
Plus such indeterminate number of shares of common stock as may be issued to prevent dilution resulting from stock dividends, stock splits or similar transactions in accordance with Rule 416
under the Securities Act of 1933, as amended.
(2)
Represents the registration of 383,333 shares of our common stock issued or issuable upon exercise of options granted under our 2003 Stock Option Plan, or the "Plan", with a
weighted average exercise price per share of $3.52
(3)
Represents the registration of 316,667 shares of our common stock issuable upon exercise of options reserved for grant under the Plan.
(4)
Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(h) and Rule 457(c) under the Securities Act of 1933, as amended, based on the average of the high
and low trading prices of our common stock as quoted on the American Stock Exchange on July 18, 2006.
1
EXPLANATORY NOTE
In accordance with the instructional Note to Part I of Form S-8 as promulgated by the Securities and Exchange Commission, or the
Commission, the information specified by Part I of Form S-8 has been omitted from this Registration Statement on Form S-8 for offers of common stock pursuant to the Plans.  The prospectus filed as part of this registration statement has been prepared in
accordance with the requirements of Form S-3 and may be used for reofferings and resales of registered shares of common stock that have been and/or may hereafter be issued upon the exercise of options that have been and/or may hereafter be granted under the
Plans.
2
PROSPECTUS
Jennifer Convertibles, Inc
.
700,000 Shares of Common Stock
Par Value $.01 Per Share
issued or issuable pursuant to the
2003 Stock Option Plan
The shares of common stock, par value $.01 per share, offered hereby are shares which have been or may in the future be issued upon the
exercise of stock options which have been or may in the future be granted under the 2003 Stock Option Plan, to be sold by our stockholders identified herein. These persons are referred to in this prospectus as the "Selling Stockholders." See
"Selling Stockholders" for information about these persons.
Some or all of the shares offered under this prospectus may be offered for sale from time to time by the Selling Stockholders or by
pledgees, donees, transferees, or other successors in interest.  These sales may be made on one or more exchanges, in the over‑the‑counter market, or otherwise, at prices and on terms then prevailing, or at prices related to the then‑current
market price, or in negotiated transactions or otherwise, or by underwriters pursuant to an underwriting agreement in customary form, or in a combination of any such methods of sale.  The Selling Stockholders and any broker‑dealers (including underwriters)
who may participate in a sale of the shares may be deemed to be statutory underwriters within the meaning of the Securities Act of 1933, as amended, and the commissions paid or discounts or concessions allowed to any of such broker‑dealers (including
underwriters) by any person, as well as any profits received on the resale of the Shares if any of such broker‑dealers (including underwriters) should purchase any shares as a principal, may be deemed to be underwriting discounts and commissions under the
Securities Act.  All discounts, commissions or fees incurred in connection with the sale of the shares offered hereby will be paid by the Selling Stockholders or by the purchasers of the shares, except that the expenses of registering the shares and preparing
and filing this Prospectus with the Securities and Exchange Commission, and of registering or qualifying the shares under the blue sky laws of any jurisdiction necessary to permit the distribution as described in this prospectus, will be paid by us. See "Plan
of Distribution" for more information about the sale of the shares offered by this prospectus. We will not receive any of the proceeds from the sale of the shares by the Selling Stockholders.
Our common stock is traded on the American Stock Exchange under the symbol
JEN
.
On July 18, 2006, the closing price for our common stock, as reported by the American Stock Exchange, was $6.30.
THE COMMON STOCK OFFERED HEREBY INVOLVES A HIGH DEGREE OF RISK.
PROSPECTIVE INVESTORS SHOULD CONSIDER CAREFULLY THE RISK FACTORS
INDICATED UNDER "RISK FACTORS" ON PAGE 4.
THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES AUTHORITY NOR HAS THE COMMISSION OR ANY STATE SECURITIES AUTHORITY PASSED UPON THE ACCURACY OR
ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
The date of this Prospectus is July 21, 2006.
No person has been authorized in connection with any offering made hereby to give any information or to make any representation not contained in this
prospectus, and, if given or made, such information or representation must not be relied upon as having been authorized by us or any Selling Stockholder.  This prospectus does not constitute an offer to sell or a solicitation of an offer to buy any security
other than the shares offered by this prospectus, nor does it constitute an offer to sell or a solicitation of an offer to buy any shares of common stock offered hereby to any person in any jurisdiction where it is unlawful to make such offer or solicitation. 
Neither the delivery of this prospectus nor any sale hereunder shall, under any circumstances, create any implication that information contained herein is correct as of any time subsequent to the date hereof.
3
WHERE YOU CAN FIND MORE INFORMATION
We are subject to certain informational reporting requirements of the Securities Exchange Act of 1934 and, in accordance with the
Exchange Act, file reports, proxy statements and other information with the Securities and Exchange Commission.  Such reports, proxy statements and other information can be inspected and copied at the public reference facilities maintained by the SEC at 100 F
Street, N.E. Room 1580, Washington, DC 20549. The SEC maintains a Web site that contains reports, proxy and information statements and other information regarding registrants that file electronically with the SEC.  The address of the SEC's Web site is
http://www.sec.gov.
We will provide without charge to each person, including beneficial owners, to whom this prospectus is delivered, upon the written or oral request of such person, a copy of any and all of the documents that have been or may be
incorporated by reference in this prospectus, other than exhibits to such documents unless such exhibits are specifically incorporated by reference into such documents.  Requests for such copies should be directed to Jennifer Convertibles, Inc., 419 Crossways
Park Drive, Woodbury, New York 17797, Attention: Harley J. Greenfield. Our telephone number is (516) 496-1900.
4
TABLE OF CONTENTS
PROSPECTUS........................................................................................................................................................................... 1
RISK FACTORS........................................................................................................................................................................ 6
THE COMPANY....................................................................................................................................................................... 9
SELLING STOCKHOLDERS................................................................................................................................................... 10
USE OF PROCEEDS................................................................................................................................................................. 12
PLAN OF DISTRIBUTION...................................................................................................................................................... 12
LEGAL MATTERS................................................................................................................................................................... 13
EXPERTS................................................................................................................................................................................... 13
INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE................................................................................. 13
SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS......................................................................... 14
5
RISK FACTORS
An investment in the shares being offered by this prospectus involves a high degree of risk.  In addition to the other
information in this prospectus or incorporated herein by reference, the following factors should be considered carefully in evaluating an investment in the shares of common stock offered by this prospectus.  This prospectus contains and incorporates by reference
forward-looking statements within the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995.  Reference is made in particular to the discussion set forth under "Management's Discussion and Analysis of Financial Condition and Results of
Operations" in our Annual Report on Form 10-K for the fiscal year ended August 27, 2005; our Quarterly Reports on Form  10-Q for the quarters ended May 27, 2006, February 25, 2006 and November 25, 2005, and under "Business" in the Form 10-K, incorporated in
this prospectus by reference.  Such statements are based on current expectations that involve a number of uncertainties including those set forth in the risk factors below.  Actual results could differ materially from those projected in the forward-looking
statements. Jennifer Convertibles is also subject to more general risks described in the Section "Special Note Regarding Forward Looking Statements" beginning on page 14.
RISK FACTORS
There is no assurance we will operate profitably.
We incurred a net loss of ($3,870,000), ($4,142,000) and ($3,377,000) in the fiscal years ended August 27, 2005, August 28, 2004 and
August 30, 2003, respectively.  The furniture business is cyclical and we have been impacted and will continue to be affected by changes in such cycles, by losses from new stores, the overall economic and political climate, changes in consumer preferences
or demographics or unknown risks and uncertainties that may cause us to continue to incur losses from operations.
We may be liable for up to $2,700,000 per year of "short-fall" payments to the private company.
As part of settlement with the private company, we obtained the right to open an unlimited number of stores in New York for a royalty
of $400,000 per year.  Because we will be managing the private company's stores and because we may negatively impact the private company's sales by opening stores in its territory, we agreed to pay the private company up to $4,500,000 for the initial
period beginning January 1, 2002 and ended August 30, 2003 and $2,700,000 per year thereafter, of the shortfall of sales drop below specified levels.  For the initial period, which ended August 30, 2003, the amount of "short-fall" payments we paid to
the private company was $1,326,000 and for fiscal years ended August 27, 2005 and August 28, 2004 the amount was $467,000 and $1,201,000, respectively. On November 18, 2004, the Management Agreement and License pursuant to which we are required to make such payments
to the private company was amended such that the private company has agreed to waive its rights to receive the payments described above during the period commencing January 1, 2005 through August 31, 2007.   In addition, pursuant to the amendment, the
private company agreed to waive its rights to receive from us an annual royalty payment in the amount of $400,000 per year during the period commencing January 1, 2005 through April 30, 2005, the date of court approval.
Our company could suffer from potential conflicts of interest.
Potential conflicts of interest exist since Harley J. Greenfield, our Chairman of the Board and Chief Executive Officer, and Edward B.
Seidner, our Executive Vice President, and a former director, are owed over $10 million by the private company, which owns, controls or licenses the private company stores.  Accordingly, such persons derive substantial economic benefits from the private
company.  In addition, Fred Love, the co-founder of the related private company, was Mr. Greenfield's brother-in-law. Mr. Love passed away in October 2004 and Jane Love, Mr. Greenfield's sister, is currently acting as the interim President of
the private company.  Circumstances may arise in which the interest of the private company stores, of the private company or of Mr. Greenfield and Mr.  Seidner will conflict with our interests.  There are also numerous relationships, and have been
numerous transactions, between us and the private company, including an agreement under which we warehouse and purchase merchandise for the private company, manage its stores and provide it other services.
6
We depend heavily on two suppliers.
We purchase a significant percentage of our merchandise from Klaussner Furniture Industries Inc. ("Klaussner"), which also
manufactures furniture under the Sealy
R
brand name.  During the fiscal year ended August 27, 2005, we purchased approximately 30% of our merchandise from Klaussner and 49% of our merchandise from Caye Home Furnishings, LLC ("Caye"). 
Since a large portion of our revenues have been derived from sales of Klaussner and Caye products, the loss of these suppliers could have a material adverse impact on us until alternative sources of supply are established.  Our obligations to Caye are secured by
substantially all of our assets.  Klaussner is also a principal stockholder and creditor of ours and owns retail stores that compete with ours.  Klaussner's and Caye's position as significant creditors could potentially result in a temporary or
permanent loss of our principal supply of merchandise, if, for example, Klaussner and Caye halted supply because we defaulted on or were late in making our payments to them.
The cyclical nature of the furniture industry poses risks to us from a prolonged economic downturn.
The furniture industry has been historically cyclical, fluctuating with general economic cycles.  During economic downturns, the
furniture industry tends to experience longer periods of recession and greater declines than the general economy.
Competition in the furniture industry could reduce our sales and cause us to reduce prices.
The retail sofabed business is highly competitive and includes competition from traditional furniture retailers and department stores
as well as numerous discount furniture outlets.  Our stores may face sharp price-cutting, as well as imitation and other forms of competition, and we cannot prevent or restrain others from utilizing a similar marketing format.  Although we are the largest
sofabed specialty retail dealer in the United States, many of our competitors have considerably greater financial resources.
A number of our store leases are month-to-month and accordingly the stores may need to halt operations on short notice.
A number of our store leases are month-to-month. Accordingly, if, at the end of a monthly lease period, we are unable
to negotiate favorable terms for the new lease period or unable to renew such lease, we may need to halt operations at such location on short notice, which may have a material adverse effect on our results of operations.
We may have difficulty obtaining additional financing.
Our ability to expand and support our business may depend upon our ability to obtain additional financing.  We may have difficulty
obtaining debt or equity financing.  We are currently a party to a Credit Agreement and a Security Agreement with Caye (the "Caye Credit Facility"), pursuant to which Caye agreed to provide us with $11.5 million of debt financing.  As of May 27,
2006, we owed Caye $9,521,000.  Most of our assets are pledged to Caye as security for the amounts we owe under the Caye Credit Facility.  From time to time, our financial position has made it difficult for us to obtain third party consumer financing. 
Inability to secure such financing can adversely affects sales.
Substantially all of our assets have been pledged to Caye pursuant to our credit facility.
Pursuant to the terms of the Caye Credit Facility, substantially all of our assets have been pledged to Caye as security for any
amounts we owe under the Caye Credit Facility.  In the event of any bankruptcy, liquidation, dissolution, reorganization or similar proceeding against us, the assets that are pledged as collateral securing any unpaid amounts must first be used to pay such
amounts, as well as any other obligation secured by the pledged assets pursuant to the terms of the Caye Credit Facility, in full, before making any distributions to stockholders.  In such event, you could lose all or a part of your investment.
7
Harley J. Greenfield and current management are likely to retain control.
As of July 10, 2006, Harley J. Greenfield, our Chairman of the Board and Chief Executive Officer and principal stockholder,
beneficially owns approximately 20.4% of our outstanding shares of common stock.  Approximately 40.5% of the outstanding common stock is beneficially owned by all officers and directors as a group, including Messrs. Greenfield and Seidner.  Since the
holders of our common stock do not have cumulative voting rights, such officers' and directors' ownership of our common stock will likely enable them to exercise significant influence in matters such as the election of our directors and other matters
submitted for stockholder approval.  Also, the relationship of such persons to the private company could serve to perpetuate management's control in light of the private company's relationship to us.
Our future success depends heavily on two executives.
Our future success will depend substantially upon the abilities of Harley J. Greenfield, our Chairman of the Board and Chief Executive
Officer and one of our principal stockholders, as well as Rami Abada, our President, Chief Operating Officer and Chief Financial Officer.  The loss of Mr. Greenfield's and/or Mr. Abada's services could materially adversely affect our
business and our prospects for the future. We do not have key man insurance on the lives of such individuals.
We are prohibited from paying dividends on our common stock.
Under the terms of the Caye Credit Facility, we are prohibited from paying any dividends on our common stock.  We have never
declared or paid any cash dividends on our common stock and do not intend to pay any cash dividends in the foreseeable future.  We currently anticipate that we will retain any earnings for use in the operation and expansion of our business and, therefore, do not
anticipate that we will pay any cash dividends in the foreseeable future.
We have a temporary exemption from the American Stock Exchange listing requirements and failure to meet our plan of compliance could result in the delisting of our common stock.
On January 5, 2006, we received a letter from the American Stock Exchange (the "Exchange") advising us that we were not in
compliance with the Exchange's requirements for continued listing.  Among other things, the Exchange requires a minimum shareholder's equity of $4 million.  As of November 26, 2005, our shareholder's equity was $81,000.  Accordingly,
in order to maintain the continued listing of our stock, we were required to submit a plan of compliance (the "Plan") to the Exchange demonstrating that we would be in compliance with all of the Exchange's requirements for continued listing within
18 months of the January 5, 2006 notice letter (the "Plan Period").  We submitted the Plan to the Exchange on February 3, 2006.  On March 1, 2006, we received a letter from the Exchange advising us that the Exchange had reviewed and approved the
Plan and that our listing on the Exchange was being continued pursuant to an extension.  However, the Exchange noted that it would continue to review us periodically for compliance with the Plan and, if we do not show progress consistent with the Plan, the
Exchange may immediately commence delisting proceedings.  While we believe that we will demonstrate adequate progress consistent with the Plan to the satisfaction of the Exchange during the Plan Period and achieve the required compliance with the
Exchange's continued listing standards by the end of the Plan Period to remain listed on the Exchange, there can be no assurance that we will.
8
THE COMPANY
We are the owner and licensor of the largest group of sofabed specialty retail stores and leather specialty retail stores in the United States, with stores located throughout the Eastern seaboard, in the Midwest, on the West
Coast and in the Southwest.  As of May 27, 2006, our stores included 175 Jennifer Convertibles
R
stores and 16 Jennifer Leather stores.  Of these 191 stores, we owned 167 and licensed 24, including 23 owned and operated by a related private
company and one owned by other third parties operated by the private company.
Jennifer Convertibles
R
stores specialize in the retail sale of a complete line of sofabeds.  Additionally, we sell sofas and companion pieces, such as loveseats, chairs and recliners, in both fabric and
leather, designed and priced to appeal to a broad range of consumers.  The sofabeds and companion pieces are made by several manufacturers and range from high-end merchandise to relatively inexpensive models.  We are the largest dealer of Sealy
R
sofabeds in the United States.  Jennifer Leather stores specialize in the retail sale of leather living room furniture.  In order to generate sales, our licensees and we rely on the attractive image of the stores, competitive pricing, prompt delivery and
extensive advertising.
We believe that the image presented by our stores is an important factor in our overall marketing strategy.  Accordingly, stores are designed to display our merchandise in an attractive setting designed to show the
merchandise, as it would appear in a customer's home.  All of our stores have a similar clearly defined style, are designed as showrooms for the merchandise and are carpeted, well lighted and well maintained.  Inventories for delivery are maintained
in separate warehouses.  We display a variety of sofabeds and companion pieces at each Jennifer Convertibles retail location with cocktail tables and other accessories.  In contrast to certain of our competitors that primarily target particular segments of
the market, we attempt to attract customers covering the broadest socioeconomic range of the market and, accordingly, offer a complete line of sofabeds made by a number of manufacturers in a variety of styles at prices currently ranging from approximately $299 to
$2,200.  The Jennifer Leather stores similarly offer a complete line of leather living room furniture in a variety of styles and colors at prices currently ranging from approximately $599 to $5,000.  We also generally feature attractive price incentives to
promote the purchase of merchandise.  In addition to offering merchandise by brand name manufacturers, we offer merchandise at our Jennifer Convertibles and Jennifer Leather stores under the private label "Bellissimo Collection
R
" brand
name for leather merchandise.
Although each style of sofabed, loveseat, sofa, chair and recliner is generally displayed at Jennifer Convertibles stores in one color and fabric, samples of the other available colors and fabrics or leathers are available on
selected merchandise.  Up to 2,000 different colors and fabrics are available for an additional charge.  To maximize the use of our stores and offer customers greater selection and value, we, as is common in the mattress industry, sell various sizes of
sofabeds with various sizes of mattresses but display only one size of sofabed.  We also offer leather furniture in a number of different grades of leather and colors.  We generate additional revenue by selling tables and offering related services, such as
lifetime fabric protection.
A related private company, "the private company", operates 24 Jennifer Convertibles stores, 23 of which it owns and one of which it licenses and manages.  We do not own or collect any royalties from the 21
private company owned stores, which are located in New York.  However, the private company operates these stores in substantially the same way as we operate our stores and we are currently managing certain aspects of such stores.  Fred Love, who passed away
in October 2004, co-founded the private company.  Mr. Love was one of our principal stockholders and also the brother-in-law of Harley J. Greenfield, our Chairman of the Board, Chief Executive Officer, director and principal stockholder.  Jane Love, Mr.
Greenfield's sister, is currently acting as the interim President of the private company. Jonathan Warner has been appointed as the trustee of Mr. Love's estate.  See "Agreements and Transactions with Private Company (Note 3)" and
"Certain Relationships and Related Transactions" in our Proxy Statement furnished in connection with our Annual Meeting of Stockholders  held on February 7, 2006, which is hereby incorporated by reference.
9
Merchandise ordered from inventory is generally available to be delivered within two weeks.  Customers who place special orders for items, colors or fabrics not in inventory must generally wait four to six weeks for
delivery, except for leather merchandise which may take up to 20 weeks.  We believe that our ability to offer quick delivery of merchandise represents a competitive advantage.
SELLING STOCKHOLDERS
The Selling Stockholders are offering hereby shares, which have been or may hereafter be acquired by them upon the exercise of options
granted under the 2003 Stock Option Plan. The names of additional Selling Stockholders and the number of shares offered hereby by them may be added to this prospectus from time to time by an addendum or supplement to this prospectus.  Other persons who acquire
shares from the Selling Stockholders may also be identified as Selling Stockholders by means of an addendum or supplement to this prospectus.
Rami Abada is our Chief Operating Officer, Interim Chief Financial Officer and a director.
Edward Bohn is one of our directors.
Kevin Coyle is one of our directors.
Leslie Falchook is our Senior Vice President - Administration.
Harley J. Greenfield is our Chief Executive Officer and Chairman of the Board.
Kevin Mattler is our Senior Vice President - Store Operations.
Joseph Schillero is our Controller.
Edward Seidner is our Executive Vice President.
Bernard Wincig is one of our former directors.
The following table lists the Selling Stockholders and other information regarding the beneficial ownership of Common Stock by each of
the Selling Stockholders as of July 10, 2006.
Name
Number of Shares Beneficially Owned Prior to Offering (1)
Number of Shares Being Offered (2)
Number of Shares to be Beneficially Owned After Offering (3)
Percentage of Class to be Beneficially Owned After Offering
Rami Abada
1,003,001(4)
0
1,003,001
13.4%
Mark Berman
123,000(5)
25,000
98,000
1.4%
Edward Bohn
104,500(6)
50,000
54,500
*
Kevin Coyle
111,250(7)
50,000
61,250
*
Leslie Falchook
77,600(8)
0
77,600
1.2%
Harley J. Greenfield
1,598,324(9)
233,333
1,364,991
17.9%
Kevin Mattler
51,200(10)
0
51,200
*
Joseph Schillero
25,000(11)
0
25,000
*
Edward Seidner
682,883(12)
0
682,883
10.3%
Bernard Wincig
203,573(13)
25,000
178,573
2.7%
*  Less than 1% of the outstanding Common Stock.
10
(1)    Includes all shares of Common Stock owned by the Selling Stockholder and shares of Common Stock, which the Selling Stockholder has the right to acquire, through the exercise of options including those granted under the 2003 Stock Option Plan, within 60 days after
the date hereof.
(2)    Includes certain shares of Common Stock acquired by the Selling Stockholder pursuant to the exercise of options granted under the 2003 Stock Option Plan and all shares of Common Stock which the Selling Stockholder has the right to acquire, through the exercise of
options granted under the 2003 Stock Option Plan, whether or not such right has yet become exercisable or will become exercisable within 60 days after the date hereof.
(3)    Includes shares of Common Stock owned by the Selling Stockholder and Shares of Common Stock, which the Selling Stockholder has the right to acquire, through the exercise of options, other than those granted under the 2003 Stock Option Plan, within 60 days after
the date hereof.  Assumes all shares registered pursuant hereto will be sold, although there can be no assurance that any of the Selling Stockholders will offer for sale or sell any or all of the Common Stock offered by them pursuant to this Prospectus. 
Also assumes that no other shares are acquired or transferred by the Selling Stockholder.
(4)    Includes (a) 53,001 shares of common stock and (b) 950,000 shares issuable upon the exercise of options to purchase common stock that are exercisable within 60 days of July 10, 2006.
(5)    Includes (a) 27,000 shares of our common stock held directly by Mr. Berman; (b) 16,000 shares of our common stock held by Mr. Berman's wife; (c) 2,000 shares of our common stock held under a Money Purchase Keogh f/b/o Mark Berman by CWAI Consultants Corp.;
(d) 3,000 shares of our common stock held under a Profit Sharing Keogh f/b/o Mark Berman by CWAI Consultants Corp.; and (e) 50,000 shares issuable upon the exercise of options to purchase common stock that are exercisable within 60 days of July 10, 2006.
(6)    Includes (a) 4,500 shares of common stock and (b) 50,000 shares issuable upon the exercise of options to purchase common stock that are exercisable within 60 days of July 10, 2006.
(7)    Includes (a) 11,250 shares of common stock and (b) 50,000 shares issuable upon the exercise of options to purchase common stock that are exercisable within 60 days of July 10, 2006.
(8)    Includes (a) 27,600 shares of common stock and (b) 50,000 shares issuable upon the exercise of options to purchase common stock that are exercisable within 60 days of July 10, 2006.
(9)    Includes (a) 297,329 shares of common stock, (b) 300,000 shares of common stock underlying options to acquire convertible preferred stock owned by Klaussner and granted to Mr. Greenfield by them and (c) 767,662 shares issuable upon the exercise of options to
purchase common stock that are exercisable within 60 days of July 10, 2006.
11
(10)    Includes 51,200 shares issuable upon the exercise of options to purchase common stock that are exercisable within 60 days of July 10, 2006.
(11)    Includes 25,000 shares issuable upon the exercise of options to purchase common stock that are exercisable within 60 days of July 10, 2006.
(12)    Includes (a) 100,000 shares of common stock and (b) 582,883 shares issuable upon the exercise of options to purchase common stock that are exercisable within 60 days of July 10, 2006.
(13)    Includes (a) 115,773 shares of our common stock held directly by Mr. Wincig; (b) 8,800 shares of our common stock held by Mr. Wincig's wife; and (c) 79,000 shares issuable upon the exercise of options to purchase common stock that are exercisable within 60
days of July 10, 2006.
USE OF PROCEEDS
We are unable to predict the time, if ever, when options will be exercised.  If all options are exercised, the net
proceeds would amount to $2,464,000.  Moreover, the 2003 Stock Option Plan permits certain methods of exercising options, which would not result in us receiving any cash proceeds.  Accordingly, the proceeds from the exercise of options, if any, have not
been allocated for any particular purpose. We will not receive any proceeds from the subsequent sale of shares by the Selling Stockholders.
PLAN OF DISTRIBUTION
The shares may be offered and sold from time to time by the Selling Stockholders, or by pledgees, donees, transferees or other
successors in interest.  Such offers and sales may be made from time to time on one or more exchanges or in the over-the-counter market, or otherwise, at prices and on terms then prevailing or at prices related to the then-current market price, or in negotiated
transactions.  The shares may be sold by one or more of the following:  (a) a block trade in which the broker or dealer so engaged will attempt to sell the Shares as agent but may position and resell a portion of the block as principal to facilitate the
transaction; (b) purchases by a broker or dealer as principal and resale by such broker or dealer for its account; (c) an exchange distribution in accordance with the rules of such exchange; (d) ordinary brokerage transactions and transactions in which the
broker solicits purchasers; and (e) a combination of any such methods of sale.  In effecting sales, brokers or dealers engaged by the Selling Stockholders may arrange for other brokers or dealers to participate.  Brokers or dealers may receive commissions
or discounts from Selling Stockholders or from purchasers in amounts to be negotiated immediately prior to the sale.  Such brokers or dealers and any other participating brokers or dealers may be deemed to be "underwriters" within the meaning of the
Securities Act in connection with such sales.
In addition, any securities covered by this Prospectus which qualify for sale pursuant to Rule 144 or Rule 701 promulgated under
the Securities Act may be sold under Rule 144 or Rule 701 rather than pursuant to this Prospectus.
We may enter into customary agreements with the Selling Stockholders concerning indemnification and the provision of information in
connection with the sale of the shares.
There is no assurance that any of the Selling Stockholders will offer for sale or sell any or all the common stock covered by this
prospectus.
The stockholders listed above under "Selling Stockholders," and any other person with whom such Selling Stockholder is
acting in concert for the purpose of selling securities of Jennifer Convertibles, may not sell by means of the prospectus more than the amount of securities, during any three-month period, specified in Rule 144(e) promulgated under the Securities Act.
12
LEGAL MATTERS
The validity of the issuance of the shares of Common Stock registered under this Registration Statement has been passed upon for the
Registrant by Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.  A member of that firm owns an aggregate of approximately 25,000 shares of Common Stock of the Registrant.
EXPERTS
The consolidated financial statements of Jennifer Convertibles, Inc. appearing in its Annual Report on Form 10-K for the year ended
August 27, 2005 have been audited by Eisner LLP, independent registered public accounting firm, as set forth in their report thereon , included thereon and incorporated herein by reference. Such consolidated financial statements and are incorporated herein by
reference in reliance upon such report given upon the authority of such firm as experts in accounting and auditing.
INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE
The following documents that we filed with the SEC are incorporated herein by reference:
(a)
Annual Report on Form 10-K for the fiscal year ended August 27,
2005.
(b)            Quarterly Reports on Form 10-Q for the quarters ended May 27, 2006, February 25, 2006 and November 25, 2005.
(c)            Current Reports on Form 8-K dated January 5, 2006 and March 6, 2006.
(d)             The description of our common stock contained in our Registration Statement on Form 8-A filed with the SEC on June 9, 2003, including any amendments or reports filed for the purpose of updating that description.
All documents subsequently filed by us pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934, as
amended, after the date of this prospectus and prior to the termination of the offering of the shares shall be deemed to be incorporated by reference in this Prospectus and to be deemed a part hereof from the date of filing of such documents.
Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or
superseded for purposes of this Prospectus to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such statement.  Any such statement so
modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this prospectus.
You may request, orally or in writing, a copy of these documents, which will be provided to you at no cost, by contacting:
Investor Relations
Jennifer Convertibles, Inc.
419 Crossways Park Drive
Woodbury, New York 11797
Telephone: (516) 496-1900
13
SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS
Certain statements included or incorporated by reference into this prospectus constitute "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995, and include statements made in press releases and oral statements made by our officers, directors or employees acting on our behalf. All such forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Such
factors include, among others, market demand for our products, successful implementation of our products, competitive factors, the ability to manage our growth, the ability to recruit additional personnel and other factors referenced in this prospectus and in our
filings with the Securities and Exchange Commission. In addition to statements which explicitly describe such risks and uncertainties, you are urged to consider statements labeled with the terms "believes," "belief," "expects," "plans," "anticipates" or "intends," to
be uncertain and forward-looking.
14
PART II
INFORMATION
REQUIRED IN THE REGISTRATION STATEMENT
Item 3.  Incorporation of Certain Documents by Reference
.
The following documents filed by the Registrant with the Commission are incorporated herein by reference:
(a)
Annual Report on Form 10-K for the fiscal year ended August 27,
2005.
(b)           Quarterly Reports on Form 10-Q for the quarters ended May 27, 2006,
February 25, 2006 and November 25, 2005.
(c)           Current Reports on Form 8-K dated January 5, 2006 and March 6,
2006.
(d)           The description of Common Stock contained in the Company's Registration Statement on Form 8-A (File No. 000-24919) filed with the SEC on August 27, 1987, as
amended.
All reports and other documents filed by the Registrant after the date hereof pursuant to Sections 13(a), 13(c), 14 and 15(d) of the
Exchange Act prior to the filing of a post-effective amendment which indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference herein and to be part hereof
from the date of filing of such reports and documents.
Item 4.  Description of Securities
.
Not applicable.
Item 5.  Interests of Named Experts and Counsel
.
The validity of the issuance of the shares of Common Stock registered under this Registration Statement has been passed upon for the
Registrant by Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.  A member of that firm owns an aggregate of approximately 25,000 shares of Common Stock of the Registrant.
Item 6.  Indemnification of Directors and Officers
.
Incorporated by reference from the Registrant's Registration Statement on Form S-1, Nos. 333-22214 and 33-10800.
Item 7.  Exemption from Registration Claimed
.
Not applicable.
Item 8.  Exhibits
.
(4.1)        Form of Common Stock Certificate (Filed as Exhibit 5.1 to Registrant's
Registration Statement on Form 8-A, dated August 26, 1987, as amended, and incorporated herein by reference).
(4.2)        Certificate of Incorporation of the Registrant (Filed as Exhibit 3.1 to
Registrant's Registration Statement on Form S-1, as amended, Nos. 333-22214 and 33-10800, and incorporated herein by reference).
(4.3)        Restated By-Laws of the Registrant (Filed as Exhibit 3.2 to Registrant's
Registration Statement on Form S-1, as amended, Nos. 333-22214 and 33-10800, and incorporated herein by reference).
(5)           Opinion of Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. as to
the legality of shares being registered.
(23.1)      Consent of Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. (included in opinion of counsel
filed as Exhibit 5).
(23.2)      Consent of Eisner LLP.
(24)         Power of Attorney to file future amendments (set forth on the signature page of
this Registration Statement).
Item 9.  Undertakings
.
The undersigned Registrant hereby undertakes:
1.    To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:
i.    To include any prospectus required by
section 10(a)(3)
of the Securities Act of 1933;
ii.    To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in
the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the
low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to
Rule 424(b)
if, in the aggregate, the
changes in volume and price represent no more than 20% change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration statement.
iii.    To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;
Provided however, That:
A.
Paragraphs (a)(1)(i) and (a)(1)(ii) of this section do not apply if the registration statement is on
Form S-8
, and the information required to be
included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the registrant pursuant to
section 13
or
section 15(d)
of the Securities Exchange Act of 1934 that are incorporated by reference in the registration statement; and
B.    Paragraphs (a)(1)(i), (a)(1)(ii) and (a)(1)(iii) of this section do not apply if the registration statement is on
Form S-3
or
Form F-3
and the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the registrant
pursuant to section 13 or section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the registration statement, or is contained in a form of prospectus filed pursuant to
Rule 424(b)
that is part of the registration statement.
2.    That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such
securities at that time shall be deemed to be the initial bona fide offering thereof.
3.    To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
4.    If the registrant is a foreign private issuer, to file a post-effective amendment to the registration statement to include any financial statements required by Item 8.A. of
Form 20-F
at the start of any delayed offering or throughout a continuous offering. Financial statements and information otherwise required by
Section 10(a)(3)
of the Act need not be furnished,
provided
that the registrant includes in the prospectus, by means of a post-effective amendment, financial statements required pursuant to this paragraph (a)(4) and other information necessary to ensure that all other
information in the prospectus is at least as current as the date of those financial statements. Notwithstanding the foregoing, with respect to registration statements on
Form F-3
,
a post-effective amendment need not be filed to include financial statements and information required by Section 10(a)(3) of the Act or Rule 3-19 of this chapter if such financial statements and information are contained in periodic reports filed with or furnished to
the Commission by the registrant pursuant to
section 13
or
section 15(d)
of the Securities
Exchange Act of 1934 that are incorporated by reference in the Form F-3.
5.   That, for the purpose of determining liability under the Securities Act of 1933 to any purchaser:
i.    If the registrant is relying on Rule 430B (?230.430B of this chapter):
A.    Each prospectus filed by the registrant pursuant to
Rule 424(b)(3)
shall be deemed to be part of the registration statement as of the date the filed
prospectus was deemed part of and included in the registration statement; and
B.
Each prospectus required to be filed pursuant to
Rule 424(b)(2)
,
(b)(5)
, or
(b)(7)
as part of a registration statement in reliance on Rule 430B relating to an offering made pursuant to
Rule 415(a)(1)(i)
,
(vii)
, or
(x)
for the purpose of providing the information required by section 10(a) of the Securities Act of 1933 shall be deemed to be part of and included in the registration statement as
of the earlier of the date such form of prospectus is first used after effectiveness or the date of the first contract of sale of securities in the offering described in the prospectus. As provided in Rule 430B, for liability purposes of the issuer and any person
that is at that date an underwriter, such date shall be deemed to be a new effective date of the registration statement relating to the securities in the registration statement to which that prospectus relates, and the offering of such securities at that time shall
be deemed to be the initial bona fide offering thereof. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the
registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such effective date, supersede or modify any statement that was made in the registration statement or prospectus that was
part of the registration statement or made in any such document immediately prior to such effective date; or
ii.
If the registrant is subject to Rule 430C, each prospectus filed pursuant to Rule 424(b) as part of a registration statement relating to an offering, other than registration statements relying on Rule 430B or other than prospectuses filed in
reliance on Rule 430A, shall be deemed to be part of and included in the registration statement as of the date it is first used after effectiveness. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration
statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such first use, supersede or
modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such date of first use.
6.    That, for the purpose of determining liability of the registrant under the Securities Act of 1933 to any purchaser in the initial distribution of the securities: The undersigned registrant undertakes that in a primary offering of securities of
the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the
undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:
i.
Any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;
ii.
Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant;
iii.    The portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and
iv.    Any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.
The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the registrant's annual report pursuant to section 13(a) or section 15(d) of the
Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan's annual report pursuant to section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the registration statement shall be deemed to be a
new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the
registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities
(other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against
public policy as expressed in the Act and will be governed by the final adjudication of such issue.
SIGNATURES
The Registrant
.  Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has
reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Woodbury, New York on July 17, 2006.
Jennifer Convertibles, Inc.
By
/s/ Harley J. Greenfield
Harley J. Greenfield
Chief Executive Officer
Each person whose signature appears below constitutes and appoints Harley J. Greenfield and Rami Abada, and each of them singly, his
true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution in each of them singly, for him and in his name, place and stead, and in any and all capacities, to sign any and all amendments (including post-effective amendments) to
this Registration Statement on Form S-8 of Jennifer Convertibles, Inc., and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting to the attorneys-in-fact and agents, and
each of them, full power and authority to do and perform each and every act and thing requisite or necessary to be done in or about the premises, as full to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that the
attorneys-in-fact and agents or any of each of them or their substitute may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the
capacities and on the dates indicated.
Signature
Title
Date
/s/ Harley J. Greenfield
Chief Executive Officer and
Harley J.
Greenfield                                                             
Chairman of the Board                        July 21, 2006
/s/ Rami
Abada
Chief Financial Officer
and                 July 21, 2006
Rami
Abada                                                                         
Director
/s/ Edward
Bohn
Director                                                 
July 21, 2006
Edward Bohn
/s/ Kevin
Coyle
Director                                                 
July 21, 2006
Kevin Coyle
/s/ Mark Berman
Director                                                 
July 21, 2006
Mark Berman
Jennifer Convertibles, Inc.
INDEX TO EXHIBITS FILED WITH
FORM S‑8 REGISTRATION STATEMENT
Exhibit
Number
Description
(4.1)
Form of Common Stock Certificate (1) (Filed as Exhibit 5.1 to Registrant's Registration Statement on Form 8-A, dated August 26, 1987, as amended, and incorporated herein by reference).
(4.2     )
Certificate of Incorporation of the Registrant (Filed as Exhibit 3.1 to Registrant's Registration Statement on Form S-1, as amended, Nos. 333-22214 and 33-10800, and incorporated herein by reference).
(4.3)
Restated By-Laws of the Registrant (Filed as Exhibit 3.2 to Registrant's Registration Statement on Form S-1, as amended, Nos. 333-22214 and 33-10800, and incorporated    herein  by reference).
(5)
Opinion of Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. as to the legality of shares being registered, filed herewith.
(23.1 )
Consent of Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. (included in opinion of counsel filed as Exhibit 5).
(23.2)
Consent of Eisner LLP, filed herewith.
(24)
Power of Attorney to file future amendments (set forth on the signature page of this Registration Statement.)