Visant Records Net Sales Decline and Net Loss

ARMONK, NY—May 12, 2011—Visant Corp. announced results for its first fiscal quarter ended April 2, 2011, including consolidated net sales of $250.7 million, compared to $266.0 million for its first fiscal quarter ended April 3, 2010, a decrease of approximately 6 percent. In addition, it reported a consolidated net loss of $18.5 million for the first quarter of 2011, compared to net income of $5.4 million for the first quarter of 2010. This decrease was primarily attributable to higher interest expense as a result of the recapitalization in September 2010 of Visant’s and its parent company’s indebtedness.