Foamex Announces Reverse Stock Split

Linwood, PA, March 8, 2007--Foamex International said that after authorization by its Board of Directors, holders of a majority of the Company's common stock have consented to amendments to Foamex's Charter to permit the Company to effect a reverse stock split of its common stock at a split ratio of one-for-four. The reverse stock split will affect all shares of common stock.

Raymond E. Mabus, Chairman and Chief Executive Officer of Foamex, said, "We believe this action will create more liquidity, increase awareness of Foamex's shares among potential investors, and enhance the Company's value for all stockholders."

Foamex's Board of Directors also approved and holders of a majority of the outstanding common stock consented to an amendment to the Company's Charter to eliminate the restrictions on the trading of its common stock currently included in the Charter. Foamex previously reported on a Form 8-K that, as permitted by the Charter, its Board had caused these restrictions to expire on February 12, 2007.

The Company intends to file an Information Statement with the Securities and Exchange Commission describing the proposed reverse stock split and amendment regarding the removal of trading restrictions in greater detail and mail the Information Statement to stockholders of record as of March 6, 2007 as soon as practicable.

Once the stock split is implemented, Foamex's common stock will continue to trade on the OTC Bulletin Board on a split-adjusted basis, under the current stock symbol FMXI. No fractional shares will be issued in connection with the reverse stock split. Fractional shares will be aggregated and sold by the Company's exchange agent and the resulting cash will be paid in lieu of the fractional shares. The reverse split, which will become effective 20 days after the mailing of the information statement, is expected to take place in the second quarter of 2007.