Visant Posts Smaller Net Loss on Flat Sales

For the quarter, adjusted EBITDA for the Memory Book segment was $24.6 million, a decrease of $1.8 million, or 7 percent, compared to $26.4 million for the third fiscal quarter of 2010. This decrease was primarily attributable to lower volume.

The Marketing and Publishing Services segment reported adjusted EBITDA of $28.7 million for the quarter, an increase of $1.3 million, or 5 percent, compared to $27.4 million for the third fiscal quarter of 2010. This increase was primarily due to solid growth in our sampling operations offset somewhat by lower volume in our publishing services operations.