Visant’s Net Income Slumps on Nearly Flat Net Sales

• Net sales for the Memory Book segment were $268.8 million for the second fiscal quarter of 2011, a decrease of 3 percent compared to $276.9 million for the second fiscal quarter of 2010. This decrease was primarily attributable to lower volume.

• Net sales for the Marketing and Publishing Services segment decreased $1.8 million, or 2 percent, to $88.7 million from $90.5 million for the second fiscal quarter of 2010. This decrease was primarily attributable to lower volume in our publishing services operations offset by the impact of higher sampling sales including sales from the company’s acquisition of Color Optics completed on April 4, 2011.