Visant Drops to Net Loss on Small Net Sales Decline

Excluding the impact of the non-cash impairment charge, consolidated EBITDA for the fourth quarter of 2011 was $35.0 million compared to consolidated EBITDA of $37.7 million for the fourth quarter of 2010. Consolidated Adjusted EBITDA was $42.3 million for the fourth quarter of 2011 compared to consolidated Adjusted EBITDA of $44.3 million for the fourth quarter of 2010.