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Foamex News/Financial Results

 

FOAMEX L.P. AND FOAMEX CAPITAL CORPORATION
EXTEND EXPIRATION DATE FOR EXCHANGE OFFER

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LINWOOD, PENNSYLVANIAMarch 5, 2003 – Foamex L.P. and Foamex Capital Corporation, wholly-owned subsidiaries of Foamex International Inc. (NASDAQ: FMXI), today announced that they have extended the expiration date for their exchange offer for their $300,000,000 of 10¾% Senior Secured Notes due 2009 from March 4, 2003 until 5:00 p.m., New York City time, on March 7, 2003.

As of the close of business on March 4, 2003, Foamex L.P. and Foamex Capital Corporation had received tenders pursuant to the exchange offer for approximately $298,493,000 of their 10¾% Senior Secured Notes due 2009.

 Foamex, headquartered in Linwood, Pennsylvania, is the world's 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 as well as filtration and acoustical applications for the home. 

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