NEW YORK, Feb. 7, 2017 /PRNewswire/ -- Castle Brands
Inc. (NYSE MKT: ROX), a developer and international marketer of
premium and super-premium branded spirits, and Isle of Arran
Distillers Limited, a producer of premium quality Single Malt
Scotch Whisky, today announced a five-year exclusive distribution
agreement for The Arran Malt Single Malt Scotch Whisky and Robert
Burns Single Malt Whisky and Blended Scotch Whisky in the US
market.
Richard J. Lampen, President and
Chief Executive Officer of Castle Brands said, "The agreement with
Isle of Arran Distillers allows us to leverage our distribution
platform and our successes with our Jefferson's bourbon portfolio
and our expanding Irish whiskey offerings. Adding the Isle of Arran
Scotch whiskies sets us apart as a leader in the premium whiskey
category."
John Glover, Chief Operating
Officer of Castle Brands said, "Isle of Arran Distillers'
award-winning, premium brands perfectly complement our whiskies
portfolio. Their exciting range of aged whiskies and finishes will
add to the impressive growth of our whiskey brands and strengthen
our position in the US market. Our expertise in marketing special
finishes of our bourbons and Irish whiskies position us well to
distribute Isle of Arran's unique Scotch whisky finishes and
special offerings. We look forward to working with them to market
these premium Scotch whiskies."
Euan Mitchell, Managing Director
of Isle of Arran Distillers Limited said, "We are delighted to be
working with Castle Brands to build our profile in the US market
and introduce our award-winning brands to even more whisky
aficionados. The Single Malt category continues to develop in the
US and Castle Brands are perfectly poised to leverage further
growth for the Arran portfolio using their extensive knowledge and
experience. We have many exciting releases planned for the years
ahead."
About Castle Brands
Castle Brands is a developer and international marketer of
premium and super-premium beverage alcohol brands including:
Jefferson's®, Jefferson's Presidential
SelectTM, Jefferson's Reserve®, Jefferson's
Ocean Aged at Sea Bourbon, Jefferson's Wine Finish Collection and
Jefferson's Wood Experiments, Goslings® Rums, Knappogue
Castle Whiskey®, 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.
About Isle of Arran Distillers
Isle of Arran Distillers is an independent Distiller of premium
quality Single Malt Scotch Whiskies. Located in the village of
Lochranza on the beautiful Isle of Arran, the Distillery opened in
1995 and is the only whisky producer on the island. Arran's
portfolio includes the classic 10 Years Old, the new 18 Years Old
as well as the official Robert Burns
whiskies; endorsed by the World Burns Federation. More information
is available at www.arranwhisky.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 of future results and estimates of amounts 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, 2016, as amended, 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
www.castlebrandsinc.com
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SOURCE Castle Brands Inc.