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FOAMEX L.P. AND FOAMEX CAPITAL
CORPORATION
EXTEND EXPIRATION DATE FOR EXCHANGE OFFER
_________________________
LINWOOD,
PENNSYLVANIA – March 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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