FOAMEX COMMENCES RIGHTS OFFERING LINWOOD, PA, January 4, 2007 – Foamex International Inc. (FMXIQ.PK) today announced that it has commenced its previously announced equity rights offering. The rights offering is being conducted to raise the equity funding necessary for the Company to consummate its chapter 11 plan of reorganization. A hearing before the United States Bankruptcy Court for the District of Delaware to consider confirmation of the Company’s plan of reorganization is scheduled for February 1, 2007. Under the rights offering, Foamex is distributing to each holder of record of its common stock as of the close of business on December 29, 2006, at no charge, one right for each share of common stock held by such holder on that date. Each right entitles the holder to purchase an additional 2.506 shares of Foamex common stock at $2.25 per share. The Company is also distributing to the holder of its Series B preferred stock, at no charge, one right for each share of Series B preferred stock (which is convertible into 100 shares of Foamex common stock) held of record as of the close of business on December 29, 2006. Each right issued to the holder of Series B preferred stock entitles the holder to purchase an additional 250.6 shares of Foamex common stock at $2.25 per share. The rights expire at 5:00 p.m., New York City time, on January 31, 2007, unless the Company extends the exercise period. The rights offering materials, including a prospectus, will be mailed to eligible record holders of the Company’s common and Series B preferred stock on January 4, 2007. Those eligible record holders that hold their shares through a bank, brokerage firm, or other nominee should receive the rights offering materials from their bank, broker, or nominee. A copy of the prospectus relating to the rights offering also may be obtained from Foamex International Inc.’s Investor Relations Department (1000 Columbia Avenue, Linwood, Pennsylvania 19061, (610) 859-3000), or the Securities and Exchange Commission’s web site at http://www.sec.gov. Other information about the Company’s reorganization case is available on the Foamex’s web site at http://www.foamex.com/restructuring. About Foamex International Inc.  Foamex, headquartered in Linwood, PA, is a leading producer of comfort cushioning for bedding, furniture, carpet cushion and automotive markets. The Company also manufactures high-performance polymers for diverse applications in the industrial, aerospace, defense, electronics and computer industries. For more information visit the Foamex web site at http://www.foamex.com. Forward-Looking Statements This press release contains, and oral statements made from time to time by representatives of the Company may contain, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are affected by risks, uncertainties and assumptions that the Company makes about, among other things, the outcome of proceedings in its chapter 11 case. While the Company believes that its assumptions regarding the foregoing matters are reasonable, any of the assumptions could be inaccurate, and therefore there can be no assurance that the Company's forward-looking statements will prove to be accurate. Readers should be aware that any forward-looking statement made in this press release or elsewhere by the Company speaks only as of the date on which it is made, and the Company disclaims any obligation or intent to update any of the factors listed above or forward-looking statements. #        #        #