Visant Drops to Net Loss on Small Net Sales Decline

Excluding the impact of the non-cash impairment charge, its consolidated EBITDA for the full fiscal year 2011 was $289.9 million, compared to $292.7 million for the 2010 fiscal year. Visant’s consolidated Adjusted EBITDA was $327.7 million for the 2011 fiscal year, a decrease of $12.4 million compared to consolidated Adjusted EBITDA of $340.1 million for the 2010 fiscal year.