Visant Posts Declines in Net Sales Across All Three Market Segments

Net sales for the Memory Book segment were $263.1 million for the six-month period, a decrease of 4 percent, compared to $274.4 million for the six-month period ended July 2, 2011. This decrease was primarily attributable to lower volume.

Net sales for the Marketing and Publishing Services segment decreased slightly to $177.3 million for the first six months of fiscal 2012, compared to $177.5 million during the first six months of fiscal 2011. This decrease was primarily attributable to lower volume in our publishing services business (including the cessation of overhead transparency revenues) and direct mail operations offset by significantly higher volume in our sampling operations.