NEW YORK, June 18, 2015 /PRNewswire/ -- Castle Brands
Inc. (NYSE MKT: ROX), a developer and international marketer of
premium and super-premium branded spirits, today announced that it
is set to join the broad-market Russell 3000® Index
when Russell Investment Group reconstitutes its comprehensive set
of U.S. and global equity indexes on June
26, 2015, according to a preliminary list of additions
posted on Friday, June 12, 2015, on
the Russell reconstitution website.
The Russell
3000® Index measures the performance
of the largest 3,000 U.S. companies representing approximately 98%
of the investable U.S. equity market and is reconstituted annually
to ensure new and growing equities are reflected. As a member
of the Russell
3000®Index, Castle Brands also
automatically would be included in the Russell
2000® Index, which measures the
performance of the small-cap segment of the U.S. equity
universe. Russell indices
are widely used by investment managers and institutional investors
for index funds and as benchmarks for active investment
strategies. Approximately $5.7
trillion in assets are benchmarked to Russell's U.S. indices.
Richard Lampen, President and
Chief Executive Officer of Castle Brands commented, "We are pleased
with Castle Brands' inclusion in the Russell indices and the opportunity it
provides us to increase our visibility within the investment
community and bring added liquidity to our shareholders."
About Castle Brands
Castle Brands is a developer and
international marketer of premium and super-premium beverage
alcohol brands including: Gosling's Rum®, Jefferson's®, Jefferson's Presidential Select™,
Jefferson's Reserve®
and Jefferson's Ocean Aged at
Sea® Bourbon, Jefferson's Chef's Collaboration and
Jefferson's The Manhattan: Barrel Finished Cocktail,
Jefferson's® Rye
Whiskey, Knappogue Castle Whiskey®, Knappogue Twin Wood,
Knappogue Castle 1951, Clontarf® Irish Whiskey,
Pallini® Limoncello, Boru® Vodka and
Brady's® Irish Cream. Additional information concerning
the Company is available on the Company's website,
www.castlebrandsinc.com.
Forward-Looking Statements
This press release
includes statements of our expectations, intentions, plans and
beliefs that constitute "forward looking statements" within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934 and are intended to come
within the safe harbor protection provided by those sections. These
statements, which involve risks and uncertainties, relate to the
discussion of our business strategies and our expectations
concerning future operations, margins, sales, new products and
brands, potential joint ventures, potential acquisitions, expenses,
profitability, liquidity and capital resources and to analyses and
other information that are based on forecasts and estimates not yet
determinable. You can identify these and other forward-looking
statements by the use of such words as "may," "will," "should,"
"expects," "intends," "plans," "anticipates," "believes," "thinks,"
"estimates," "seeks," "predicts," "could," "projects," "potential"
and other similar terms and phrases, including references to
assumptions. These forward looking statements are made based on
expectations and beliefs concerning future events affecting us and
are subject to uncertainties, risks and factors relating to our
operations and business environments, all of which are difficult to
predict and many of which are beyond our control, that could cause
our actual results to differ materially from those matters
expressed or implied by these forward looking statements. These
risks include our history of losses and expectation of further
losses, our ability to expand our operations in both new and
existing markets, our ability to develop or acquire new brands, our
relationships with distributors, the success of our marketing
activities, the effect of competition in our industry and economic
and political conditions generally, including the current economic
environment and markets. More information about these and other
factors are described under the caption "Risk Factors" in Castle
Brands' Annual Report on Form 10-K for the year ended March 31, 2015 and other reports we file with the
Securities and Exchange Commission. When considering these
forward looking statements, you should keep in mind the cautionary
statements in this press release and the reports we file with the
Securities and Exchange Commission. New risks and uncertainties
arise from time to time, and we cannot predict those events or how
they may affect us. We assume no obligation to update any forward
looking statements after the date of this press release as a result
of new information, future events or developments, except as
required by the federal securities laws.
Castle Brands Inc.
Investor Relations
646-356-0200
info@castlebrandsinc.com
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SOURCE Castle Brands Inc.