FOAMEX ANNOUNCES OPENING OF A FABRICATION AND DISTRIBUTION BRANCH IN ALBUQUERQUE, NEW MEXICO
LINWOOD, PA, January 28, 2008 – Foamex International Inc. (OTC: FMXL), a leading manufacturer of flexible polyurethane and advanced polymer foam products, today announced the opening of a fabrication and distribution branch in Albuquerque, NM. The Company's new branch is strategically located to better service its customers in the western region of the United States. The Company anticipates that operations will commence at the new location in February of 2008.
Commenting on the new location, Jack Johnson, President and Chief Executive Officer of Foamex, said: “This new location is consistent with our strategy to expand downstream operations and better serve our customers in areas where we can utilize our technology to add value.”
About Foamex International Inc.
Foamex, headquartered in Linwood, PA, is the world's leading producer of polyurethane foam-based solutions and specialty comfort products. The Company services the bedding, furniture, carpet cushion and automotive markets and 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 27Aof the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, without limitation, future operating results, operating efficiencies, future market prices and margins, future energy costs, future government and legislative action, future cost savings, future benefit costs, the Company’s liquidity and ability to finance its operations, and other statements that are not historical facts that involve certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary
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materially from those indicated. Additional information that could cause actual results to vary materially from the results anticipated may be found in the Company’s most recent Form 10-K and other reports filed with the Securities and Exchange Commission. 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 was made, and the Company disclaims any obligation or intent to update any of the factors listed above or forward-looking statements.
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