Visant Posts a Larger Net Loss for Latest Quarter on Lower Net Sales

ARMONK, NY— Nov. 9, 2012—Visant Corp. announced results for its third fiscal quarter ended Sept. 29, 2012, including consolidated net sales of $206.9 million, compared to $227.6 million for its third quarter ended Oct. 1, 2011, a decrease of approximately 9 percent.

The company reported a consolidated net loss of $19.5 million for the third quarter of 2012, compared to a net loss of $12.3 million for the third quarter of 2011. Visant's consolidated Adjusted EBITDA (defined in the accompanying summary of financial data) was $39.2 million for the third fiscal quarter of 2012, a decrease of $6.2 million compared to consolidated Adjusted EBITDA of $45.4 million for the third fiscal quarter of 2011.