Foamex Provides Update on Chapter 11 Case; Company Postpones Disclosure Statement Hearing
LINWOOD, Pa.--Feb. 1, 20063, 2006--Foamex International Inc. (FMXIQ.PK) announced that it has adjourned the Disclosure Statement hearing scheduled for today, in order to continue its negotiations with the steering committee for the ad hoc committee of Senior Secured Noteholders and the official creditors' committee, among others, over the terms of a consensual plan of reorganization.More information about Foamex's chapter 11 case is available on the Company's web site at www.foamex.com/restructuring.
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. 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. These forward-looking statements are affected by risks, uncertainties and assumptions that the Company makes about, among other things, the outcome of proceedings in its chapter 11 case. 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. 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.