Visant Posts Smaller Net Loss on Flat Sales

Net sales for our Scholastic segment for the nine-month period ended Oct. 1, 2011 increased by $9.0 million, or 3 percent, to $340.9 million compared to $331.9 million for the nine-month period ended Oct. 2, 2010. This increase was primarily attributable to professional championship jewelry volume as well as higher prices for jewelry products during the nine-month period ended Oct. 1, 2011 as compared to the comparative period in 2010.