Visant Drops to Net Loss on Small Net Sales Decline

Consolidated Indebtedness
As of Dec. 31, 2011, Visant’s consolidated debt, comprised of the outstanding indebtedness under its senior secured credit facilities and its 10.00 percent senior notes due 2017, was $1,936.8 million, including $12.4 million of capital lease and equipment financing obligations and excluding the original issue discount of $19.2 million related to the term loans under the senior secured credit facilities. Visant’s cash position as of December 31, 2011 totaled $36.0 million.