Visant Posts Smaller Net Loss on Flat Sales

Net sales for the Memory Book segment were $72.7 million, a decrease of 3 percent compared to $74.7 million for the third fiscal quarter of 2010. This decrease was primarily attributable to lower volume.

Net sales for the Marketing and Publishing Services segment decreased $1.1 million, or 1 percent, to $106.0 million from $107.1 million for the third fiscal quarter of 2010. This decrease was primarily attributable to lower volume in Visant’s publishing services and direct mail operations, offset by significant organic growth in sampling sales, as well as sales attributed to the company's acquisition of Color Optics which was completed in April 2011.