Visant Posts Declines in Net Sales Across All Three Market Segments

Adjusted EBITDA for the Memory Book segment was $131.6 million, a decrease of $10.1 million compared to $141.7 million for the second fiscal quarter of 2011. This decrease was primarily attributable to lower volume.

The Marketing and Publishing Services segment reported Adjusted EBITDA of $14.8 million, a decrease of $4.8 million compared to $19.5 million for the second fiscal quarter of 2011. This decrease was primarily due to lower volume in our direct mail and publishing services operations partially offset by higher volume in our sampling operations.