Linwood, PA, May 4, 2006--Foamex International Inc., today announced that the U.S. Bankruptcy Court for the District of Delaware has entered a consensual order to assist the company in preserving its federal tax net operating losses ("NOLs") by establishing notification and hearing procedures that must be satisfied before certain transfers or trading of Foamex's equity securities are deemed effective.
Foamex believes the NOLs, estimated at approximately $292 million as of January 1, 2006, may prove to be a valuable asset of its bankruptcy estate.
