Foamex Expects Earnings To Meet Credit Requirement

Linwood, PA, February 19, 2008--Foamex International Inc. said that it expects earnings for Foamex L.P., the company’s primary operating subsidiary, to be in compliance with its financial covenants as of year-end.

Under Foamex L.P.’s credit agreements, the minimum amount of consolidated EBITDA for compliance as of the end of the fourth quarter of 2007 is approximately $97 million.

Foamex also said it has significantly exceeded its targets for debt reduction in 2007. The company had anticipated that its net debt would be under $560 million by the end of 2007, but the actual figure was approximately $529 million and gross debt was approximately $534 million.

In addition, the Foamex has received commitments for up to $20 million of additional investment from D.E. Shaw Laminar Portfolios, L.L.C., Goldman Sachs & Co. and Sigma Capital Management, LLC.

“With these commitments, our major shareholders have shown that they are very supportive of the company, and now management can spend more time and effort on our operational and strategic growth plans,” said President Jack Johnson.

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