New York, New York (PRWEB) April 5, 2006 –-
Castle Brands Inc. (AMEX: ROX) announced today that it has priced its initial public offering of 3,500,000 shares of its common stock at $9.00 per share. Castle Brands has granted the underwriters a 30-day option to purchase up to an additional 525,000 shares of common stock to cover any over-allotments.
Oppenheimer & Co. Inc. acted as the lead managing underwriter for the offering and Think Equity Partners LLC and Ladenburg Thalmann & Co. Inc. acted as the co-underwriters.
A registration statement on Form S-1 relating to these securities has been filed and declared effective by the Securities and Exchange Commission. The public offering is being made solely by means of a prospectus. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
A copy of the prospectus relating to the offering may be obtained from Oppenheimer & Co. Inc., Prospectus Department, at 125 Broad St., New York, NY 10004, (212) 668-8163, or at the Securities and Exchange Commission's web site at http://www.sec.gov.
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About Castle Brands Inc.
Castle Brands is an emerging developer and global marketer of premium branded spirits within four growing categories of the spirits industry: vodka, rum, Irish whiskey and liqueurs/cordials. Currently, the Castle Brands’ portfolio includes Boru™ Vodka, Gosling’s Rum®, Sea Wynde® Rum, Knappogue Castle® Irish Single Malt Whiskey, Clontarf® Irish Whiskey, Celtic Crossing Liqueur®, Pallini® Limoncello, Raspicello and Peachcello and Brady’s Irish Cream®.
For more information on Castle Brands, contact:
Vice President – Marketing & Public Relations
Castle Brands, Inc.
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