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Foamex Responds to Wall Street Journal Report Saying Co. for Sale

8 February 1999

Foamex Responds to Wall Street Journal Report Stating That Company is for Sale

    LINWOOD, Pa.--Feb. 5, 1999--To correct an article in the February 5, 1999 edition of the Wall Street Journal which stated that Foamex International Inc. "is for sale," the Company reiterated that its Board of Directors had indicated in a press release of January 8, 1999 that it will continue to explore the Company's strategic alternatives with its advisors. The Company stated that no decisions have been made by its Board of Directors concerning the possible sale of the Company.
    Foamex manufactures and markets flexible polyurethane and advanced polymer foam products in North America.
    This press release contains forward-looking information, and actual results may materially vary from those expressed or implied herein. Factors that could affect these results include those mentioned in the Company's Form 10-K/A-2 filed with the Securities and Exchange Commission.