NEW YORK, Feb. 28, 2017 /PRNewswire/ -- Castle Brands Inc.
(NYSE MKT: ROX), a developer and international marketer of premium
and super-premium brands, today announced an agreement to supply
Goslings Stormy Ginger Beer and Goslings Stormy Diet Ginger Beer to
all U.S. Walmart stores. Consumers can expect to find Goslings
Stormy Ginger Beer in Walmart stores in March 2017. In addition to its uses as a
stand-alone soft drink and as a mixer, Goslings Stormy Ginger Beer
and Goslings Black Seal Rum combine to make the trademarked Dark n'
Stormy ® Cocktail.
John Glover, Chief Operating
Officer of Castle Brands said, "Supplying Walmart with both the
Regular and Diet Goslings Stormy Ginger Beer adds to the brand's
impressive growth and strengthens our position in the U.S. market.
We are pleased that Walmart has implemented a full store
roll-out. We look forward to working with Walmart to promote
the continued success of Goslings Stormy Ginger Beer."
Malcolm Gosling, President of
Goslings-Castle Partners Inc., a global export venture between
Castle Brands and the Goslings said, "The agreement with Walmart,
the world's largest retailer, to supply approximately 4,500 stores
with Goslings Stormy Ginger Beer, which we believe is the largest
selling U.S. premium ginger beer, is an indication of the strength
and growing value of the Goslings brand."
About Castle Brands
Castle Brands is a developer and international marketer of
premium and super-premium brands including:
Jefferson's®, Jefferson's Presidential
Select™, Jefferson's Reserve®,
Jefferson's Ocean Aged at Sea Bourbon, Jefferson's Wine Finish
Collection and Jefferson's Wood Experiments, Goslings®
Rums, Goslings® Stormy Ginger
Beer, Knappogue Castle Whiskey®,
Clontarf® Irish Whiskey, Pallini® Limoncello,
Boru® Vodka, Brady's® Irish Cream, The Arran
Malt® Single Malt Scotch Whisky, The Robert Burns Scotch
Whisky and Machrie Moor Scotch Whisky. 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 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.