Castle Brands Inc. (ROX)

Castle Brands, Inc. engages in manufacture, marketing, and sale of spirit brands of vodka, whiskey, rums, and liqueurs in the United States, Canada, Europe, and the Caribbean. Its brands include Boru vodka, Gosling’s rums, Sea Wynde, Knappogue Castle Whiskey, Clontarf Irish whiskeys, McLain & Kyne Bourbons, Brady’s Irish cream liqueur, Celtic Crossing liqueur, Pallini liqueurs and Tierras Tequila. The company distributes its products through wholesale distributors, as well as beverage alcohol control agencies in the United States. It sells its brands internationally, directly from the brand owner to various retail establishments, including liquor stores, chain stores, restaurants, and pubs. The company was founded in 1998 and is based in New York, New York.

For the six months ended 30 September 2006, Castle Brands Inc.'s revenues increased 16% to $11.7M. Net loss applicable to Common increased 25% to $8.3M. Revenues reflect an increase in case sales of existing brands, increased average selling price per case and improved sales mix. Higher loss reflects higher selling expenses, increased general & administrative expenses and higher depreciation & amortization charges.