NEW YORK, Oct. 2, 2017 /PRNewswire/ -- Castle Brands Inc.
(NYSE American: ROX), a developer and international marketer of
premium and super-premium drinks brands, today announced that it
has purchased an additional 5% of Copperhead Distillery Company,
which owns and operates the Kentucky Artisan Distillery. Kentucky
Artisan Distillery currently has three warehouses storing
Jefferson's bourbons, provides distilling using special mash-bills
made from locally grown grains for Jefferson's brands and houses
the Jefferson's Visitor Center and store, showcasing the
Jefferson's brand. The additional investment brings Castle Brands
ownership of Copperhead to 25%.
John Glover, Executive Vice
President and Chief Operating Officer of Castle Brands, said "Our
additional investment makes us the second largest shareholder in
Kentucky Artisan Distillery and demonstrates our continued
commitment to our Jefferson's brand. Partnering with Kentucky
Artisan Distillery has provided a home for Jefferson's bourbon and
allowed us the ability to develop, innovate and expand our
Jefferson's offerings. With Kentucky Artisan Distillery's expanded
warehousing and distilling capabilities, we expect the partnership
to continue to grow and develop with the Jefferson's brand."
Stephen Thompson, President and
General Manager of Kentucky Artisan Distillery, stated "We are
excited to expand our partnership with Castle Brands to further
develop the super-premium Jefferson's portfolio. We look forward to
working with Castle Brands on innovations such as estate
farm-to-glass bourbon and a super-premium 100% rye whiskey and
welcoming guests to the Jefferson's Visitor Center for many years
to come."
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, 2017 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.