FOAMEX NAMES VIRGINIA KAMSKY CHAIRMAN AND CEO
OF SYMPHONEX, A NEWLY FORMED FOAMEX COMPANY

Also Names Kamsky Executive Vice President of Foamex

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LINWOOD, PENNSYLVANIA, July 24, 2002 – Foamex International Inc. (NASDAQ: FMXI), the leading manufacturer of flexible polyurethane foam products in North America today announced that Virginia Ann Kamsky has joined the Company as Chairman and CEO of Symphonex, a new wholly-owned Foamex International company, and Executive Vice President of Foamex International.  Effective immediately, Kamsky will be responsible for the Technical Products Group, Foamex Asia, and the continued development of the micro-fuel cell for commercial application, all of which will be part of Symphonex.  In this capacity, she will also consider the strategic directions for the new company.  Kamsky will report directly to the Chairman and founder of Foamex, Marshall Cogan.

Cogan said, “Virginia is the ideal candidate for this important position.  By bringing these business groups under the oversight of one person, Foamex will more quickly realize the potential of these areas and products for Foamex and its shareholders.  We are pleased she has accepted this new challenge and look forward to the increased contributions she will make to Foamex.”

Currently a Foamex Director, Kamsky brings 22 years of CEO experience as founder and CEO of Kamsky Associates, Inc. (KAI), a highly successful direct investment and advisory firm in China, which has assisted in concluding over $7.5 billion of transactions in Asian markets, and particularly China.  Kamsky’s experience also includes service on several public company boards, including W.R. Grace & Co., Sealed Air Corporation and Shorewood Packaging Corporation.  She has also served on the Board of Trustees of Princeton University, including its Executive and Finance Committees.

Kamsky’s current activities include a membership in the Council on Foreign Relations, including the Chairman’s Forum. She is also a Director of the Executive Committee of The National Committee on U.S.-China Relations, a member of the Advisory Committee, AmeriCares, a Trustee of the China Institute and also a Trustee of the University of Richmond.  Additionally, Kamsky is also a member of the East Asian Advisory Board of Princeton University, a Director of Princeton-In-Asia, and she is on the Board of Trustees of The Dalton School in New York City.

Kamsky worked at Chase Manhattan Bank early in her career as a Second Vice President and Credit and Lending Officer in New York, Tokyo and Beijing and went on to lead Chase’s Corporate Division in China.  In Tokyo, she headed Chase’s credit department responsible for restructuring the Bank’s debt of the major Japanese trading companies.

Kamsky earned an undergraduate degree with honors in East Asian Studies from Princeton University, where she perfected her Chinese and Japanese.  She is also an alumna of Princeton’s Woodrow Wilson School of Public and International Affairs graduate school, where she majored in economics and statistics.

About Foamex International Inc.
Foamex, headquartered in Linwood, PA, 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. 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.  Such forward-looking statements include, without limitation, those relating to completion of the operational restructuring as currently contemplated and the currently anticipated benefits of the restructuring, including those relating to the work force reductions, cost savings and restructuring charges from Project Transformation, the expected benefits of expanding the use of VPF technology, the Company's ability to introduce new products, enhance sales growth and margins and the outlook for the Company's financial performance. These forward-looking statements are affected by risks, uncertainties and assumptions that the Company makes about, among other things, its ability to implement customer selling price increases in response to higher raw material costs, raw material price increases, general economic conditions, conditions in the capital markets, the interest rate environment, the level of automotive production, carpet production, furniture and bedding production and housing starts, the completion of various restructuring/consolidation plans, the achievement of management’s business plans, its capital and debt structure (including various financial covenants), litigation and changes in environmental legislation and environmental conditions and other factors mentioned in the documents filed by the Company with the Securities and Exchange Commission.  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. 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 is 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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