Foamex Names Henry Tang to Board of Directors

    LINWOOD, Pa.--March 6, 2003--Foamex International Inc. , the leading manufacturer of flexible polyurethane and advanced polymer foam products in North America, announced today that Henry Tang has been named to the Foamex Board of Directors.
    Marshall S. Cogan, chairman and founder of Foamex, said, "We are very pleased to have Henry join our Board of Directors. His extensive intellectual property, patents and technology licensing experience will be very beneficial to Foamex as we continue to develop and market quality flexible polyurethane and advanced polymer foam products to industrial, technology and consumer markets."
    Henry Tang said, "I am delighted to be joining the Foamex Board and I look forward to assisting in the company in its global pursuits."
    Mr. Tang, 62, is a partner at Baker Botts LLP, where he specializes in intellectual property, patents, technology licensing and technology solutions. From 1982 to 1997 he was at the law firm of Brumbaugh, Graves, Donohue and Raymond, where he was a named partner in 1986.
    Mr. Tang received his bachelor's degree in electrical engineering from New York University and his master's and doctorate degrees in electrical engineering from Columbia University. Mr. Tang also has a J.D. from Fordham University.
    Mr. Tang is a member of the New York State Bar Association, where he serves on the Executive Committee of Section on International Law and Practice, and is Chairman of the Committee on Asian Pacific Law. He is also a member of the American Bar Association, and a member of the ABA's Sections on Patents and on Litigation. Mr. Tang is a member of the Association of the Bar of the City of New York. In addition, Mr. Tang is the founder and a director of the American Friends of the Shanghai Museum.

    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.