Linwood, PA, September 22, 2005 -- Foamex said it has received notice from The Nasdaq Stock Market, Listing Qualifications Department indicating that, in accordance with Nasdaq Marketplace Rules, the company will be delisted from the Nasdaq Stock Market as of September 28, 2005.
In light of the company's voluntary filing for relief under Chapter 11 of the Bankruptcy Code, which Foamex announced on September 19, 2005, the company it will not request a hearing to appeal Nasdaq's determination to delist its securities.
The company's securities may trade on the OTC Bulletin Board or the "Pink Sheets" although there can be no guarantee that trading will be available.
