FOAMEX PROVIDES UPDATE ON CHAPTER 11 CASE Company Announces Results of Equityholders Vote; Files Plan Supplement With Bankruptcy Court LINWOOD, PA, January 23, 2007 – Foamex International Inc. (FMXIQ.PK) today announced that the equityholders voting on its Second Amended Joint Plan of Reorganization (the “Plan”) have voted unanimously to accept the Plan. Raymond E. Mabus, Jr., Chairman and Chief Executive Officer of Foamex, said:  “We are pleased to have received the unanimous support of the equityholders who voted on the Plan.  Over the past several months, we have worked diligently to address the interests of all our stakeholders in an effort to achieve the most value possible for all stakeholders.  Today’s announcement, along with the previously announced Plan acceptance by the Senior Secured Noteholders, reflects real progress towards our emergence, which we continue to expect to occur in the first quarter of 2007.” The Company also announced today that it has filed a supplement (the “Plan Supplement”) to the Plan with the United States Bankruptcy Court for the District of Delaware. As anticipated by the Plan, the Plan Supplement contains information and materials relating to implementation of the Plan, including proposed forms of agreements that may be entered into upon the Company’s exit from bankruptcy. Among other things, the Plan Supplement discloses the identity of individuals proposed to become directors of the Company upon the effective date of the Plan. The Company’s proposed directors are subject to change prior to confirmation of the Plan by the Bankruptcy Court. The proposed new directors are: Mr. Robert B. Burke, Founder and Chief Executive Officer of Par IV Capital Management, LLC; Mr. Seth Charnow of the D. E. Shaw Group; and; Mr. Eugene I. Davis, Chairman and Chief Executive Officer of PIRINATE Consulting Group, LLC. The proposed continuing directors are: Mr. Raymond E. Mabus, Jr.;; Mr. Gregory J. Christian, the Company’s Executive Vice President, Chief Restructuring Officer, Chief Administrative Officer, and General Counsel who will assume the role of President of the reorganized company; and; Mr. Thomas M. Hudgins, Retired Partner, Ernst & Young LLP. In addition, Mr. Gregory J. Corona, Chairman of Lakewood Capital, LLC and Accubuilt, Inc., is expected to be invited to serve on the board of directors of Reorganized Foamex International as of the Effective Date. The Plan Supplement contains additional information concerning potential transactions and agreements to be entered into in connection with the consummation of the Plan, including, without limitation, information concerning the proposes exit facility, the equity investment commitment, the proposed corporate governance documents and the proposed executive officers, all of which are subject to revision and modification prior to the Company's emergence from bankruptcy in accordance with the Plan. A hearing to consider confirmation of the Plan is scheduled for February 1, 2007. Other information about the Company’s reorganization case, including the Plan Supplement, 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. This press release is not an offer to sell, nor the solicitation of an offer to buy, any securities. #        #        #