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Castle Brands Announces Nordic Region Partner.


NEW YORK New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 -- Castle Brands Inc. (NYSE NYSE

See: New York Stock Exchange
 Amex: ROX) today announced that its Castle Brands Spirits Group subsidiary has entered into a marketing and distribution agreement covering the Nordic Region with Arcus AS Arcus is Norway's largest wholesaler of wine and liquor. It was cretated when it was demerged from the state owned wine and liquor retailer Vinmonopolet on January 1, 1996 to differ between the retailing, kept in Vinmonopolet, and the import, export, production and storage that was , Norway's largest spirits producer and wholesaler.

"This represents an exciting opportunity to combine the consumer appeal of our premium brands with Arcus' strong Nordic Region distribution network. In particular, Clontarf [R] Irish Whiskey Irish whiskey
n.
Whiskey made by the distillation of barley.

Noun 1. Irish whiskey - whiskey made in Ireland chiefly from barley
Irish whisky, Irish

whiskey, whisky - a liquor made from fermented mash of grain
, which already has a solid and growing footprint in the Nordic Region with listings in Sweden, Finland and Norway, will benefit from the new distribution network," said Conor O hAonghusa, Castle Brands' Export Director for the International Division. "Working with Arcus allows us to accelerate development and to consolidate the Nordic Region as an area of strength for the company."

John Glover John Glover may refer to:
  • John Glover (general) (1732–1797)
  • John Glover (artist) (1767–1849)
  • John Glover (actor) (born 1944)
  • John (or Jack) Glover (1876–1955), English footballer
, Castle Brands' Chief Operating Officer Chief Operating Officer (COO)

The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president.
, said, "Joining forces with Arcus allows us to partner with an ambitious and dynamic business with a complementary portfolio, regional relationships and industry expertise. This new relationship with Arcus will allow us to explore other mutually beneficial Adj. 1. mutually beneficial - mutually dependent
interdependent, mutualist

dependent - relying on or requiring a person or thing for support, supply, or what is needed; "dependent children"; "dependent on moisture"
 opportunities."

Hans Petter Evensen, Director of International Sales at Arcus, said, "Arcus is excited to add these traditional and great brands to our portfolio. Castle Brands shares the same philosophy as Arcus to grow organically as well as through strategic partnerships. By joining forces in the Nordic markets, the two companies will also have the chance to look to the future for further ways to collaborate. We welcome Castle Brands as a major supplier and partner for a long-lived collaboration."

Mr. Glover added, "Castle Brands will continue to form relationships with like-minded partners as part of ongoing plans for international expansion of our premium portfolio, which includes Gosling's Rum[R], Clontarf[R] Irish Whiskey, Knappogue Castle Single Malt Whiskey[R], Jefferson's(TM) Small Batch Bourbons and Betts & Scholl(TM) wines. In our effort to strengthen our international distribution relationships, we seek partners with industry expertise and focus to drive our brands forward in select priority markets."

About Castle Brands Inc.

Castle Brands is an emerging developer and international marketer of premium beverage alcohol brands, including, Boru[R] Vodka, Gosling's Rum[R], Pallini[R] Limoncello(TM), Raspicello(TM) and Peachcello(TM), Knappogue Castle Whiskey[R], Clontarf[R] Irish Whiskey, Jefferson's(TM), Jefferson's Presidential Select(TM) and Jefferson's Reserve[R] Bourbon, Betts & Scholl(TM) wines, Celtic Crossing[R] Liqueur liqueur (lĭkûr`), strong alcoholic beverage made of almost neutral spirits, flavored with herb mixtures, fruits, or other materials, and usually sweetened. The name derives from the Latin word to melt. , Brady's[R] Irish Cream and Tierras(TM) tequila. Additional information concerning the company is available on the company's website, www.castlebrandsinc.com.

About Arcus, AS.

Arcus AS is the largest producer and supplier of spirits in Norway. The company has a widely diverse portfolio and owns and markets some of the most popular brands in Norway in the aquavit aquavit

(from Latin aqua vitae, “water of life”) Scandinavian clear distilled liquor flavoured with caraway seeds. Distilled from a fermented potato or grain mash, filtered with charcoal, and usually bottled without aging, aquavit has an alcohol content of
, vodka and cognac categories. The company's main spirit brands are Lysholm Linie [R] Aquavit, Vikingfjord [R] Vodka and Braastad [R] Cognac.

Arcus AS has a strong position in all the Nordic countries and Arcus Sweden AB and Arcus Finland OY are both fully owned subsidiaries of Arcus AS.

Arcus' production plant in Oslo produces and bottles Norwegian spirits, such as aquavit, vodka, gin and liqueurs Liqueurs are high-alcohol, high-sugar beverages with added flavorings usually derived from herbs, fruits, or nuts.

Liqueurs are distinct from flavored liquors, fruit brandy and eau de vie which contain no sugar.

Most liqueurs range between 15 and 70 percent alcohol by volume.
 and imported spirits. More information is to be found on the company's website www.arcusgruppen.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 Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
 protection provided by those sections. These statements, which involve risks and uncertainties, related to the discussion of our business strategies and our expectations concerning future operations and growth and to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable Liable to come to an end upon the happening of a certain contingency. Susceptible of being determined, found out, definitely decided upon, or settled.


determinable adj.
. 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," "expects," "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. More information about these and other factors are described under the caption "Risk Factors" in Castle Brands' Annual Report on Form 10-K Form 10-K

A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.


Form 10-K

See 10-K.
, as amended, for the year ended March 31, 2009, and its Quarterly Report on Form 10-Q Form 10-Q

See 10-Q.
 for the quarter ended June 30, 2009, filed 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 documents incorporated by reference. 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.
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Publication:Business Wire
Geographic Code:1U2NY
Date:Oct 23, 2009
Words:865
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