Visant Posts Declines in Net Sales Across All Three Market Segments

Net sales for the Scholastic segment for the six months ended June 30, 2012 decreased by $8.7 million, or 3 percent, to $283.3 million, vs. $292.0 million for the six months ended July 2, 2011. This decrease was primarily attributable to lower volume in our jewelry and announcement products, as well as a shift in jewelry sales metal mix to lower priced metals.