American Achievement Corporation has a long and successful history, providing products that mark special moments and achievements in peopleÍs lives. From our start in 1913 to today, the company has grown and evolved in many ways but the quality of our products and our commitment to our people have been at the highest standards throughout this long history. In July of 2010, American Achievement Corporation (AAC) leveraged the reputations of both Taylor Publishing and Balfour to begin marketing and selling on-campus under one master brand: Balfour. In June of 2015, the Company announced the acquisition of Gaspard LP, a North American manufacturer and distributor of academic regalia, clergy vestments, choral robes, and legal and judicial attire. Gaspard has a long history (founded in 1909) of manufacturing quality products at competitive prices and providing industry-leading customer service. American Achievement provides products that forever mark the special moments of people's lives. As the parent company of brands such as ArtCarved ¬ , Balfour ¬ , Keepsake ¬ and Taylor Publishing ¬ , American Achievement's legacy is based upon the delivery of exceptional, innovative products, including class rings, yearbooks, graduation products, and affinity jewelry through in-school and retail distribution. American Achievement's products are available through a variety of distribution methods, including direct sales to students in high schools and colleges, national jewelry retailers, independent jewelry stores and mass merchandisers and direct to consumers from our websites. For more information on American Achievement, please visit our web site at www.balfour.com . The company is privately held and well positioned for continued growth and expansion, both from a capital perspective as well as an ability to continue to drive product innovation, enhancement and channel expansion.