Visant Records Net Sales Decline and Net Loss

Net sales for its Memory Book segment were $5.6 million, a decrease of 18 percent compared to $6.8 million for the first fiscal quarter of 2010. This decrease was primarily attributable to lower volume.

Net sales for its Marketing and Publishing Services segment decreased $12.6 million, or 12 percent, to $88.9 million from $101.5 million for the first fiscal quarter of 2010. This decrease was primarily attributable to lower volume in our publishing services and direct marketing operations.