NEW YORK -- (Business Wire)

Castle Brands Inc. (NYSE Amex: ROX) and Distillerie Franciacorta jointly announced today that they have entered into an exclusive distribution agreement in the United States for Franciacorta’s Gozio Amaretto.

Distillerie Franciacorta is a family owned spirits company founded in 1901. Owned by the Gozio family, the company is located in the splendid hilly area of Franciacorta, in the Italian Region of Lombardy. Gozio Amaretto is a superior liqueur produced using only the highest quality ingredients including pure natural essences coming from four continents. Gozio Amaretto uses the best natural almonds to enhance its bouquet and taste.

John Glover, Chief Operating Officer of Castle Brands, said, "We are very excited to be working with Distillerie Franciacorta and are proud to be the exclusive distributor of their Gozio Amaretto. We believe the time is right and there is consumer demand for a super premium amaretto. We believe that Gozio Amaretto, with its unique points of difference and beautiful packaging is well positioned to capitalize on this.”

Mauro Piliu, Export Director of Distillerie Franciacorta, added, "We are looking forward to working closely with the Castle Brands team. With its strong sales and marketing organization in the U.S. market and its complementary premium brands, Castle Brands is the perfect home for Gozio Amaretto."

Additional information on Gozio Amaretto is available at www.distilleriefranciacorta.com

About Castle Brands Inc.

Castle Brands is a developer and international marketer of premium beverage alcohol brands, including: Gosling’s Rum^®, Jefferson’s^®, Jefferson’s Presidential Select^TM and Jefferson’s Reserve^® Bourbon, Boru^® Vodka, Pallini^® Limoncello, Raspicello and Peachcello, Knappogue Castle Whiskey^®, Clontarf^® Irish Whiskey, Betts & Scholl^TM wines, cc: wines^TM, Celtic Crossing^® Liqueur, Brady’s^® Irish Cream, A. De Fussigny^® cognacs, Travis Hasse’s Original^®Liqueurs and Tierras^TM tequila. Additional information concerning Castle Brands 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, related to the discussion of our business strategies and our expectations concerning future operations, margins, 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," "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, for the year ended March 31, 2011 and Quarterly Report on Form 10-Q for the period ended September 30, 2011, 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.

Contacts:

INVESTOR CONTACTS:
KCSA Strategic Communications
Todd Fromer / Garth Russell
212-896-1215 / 212-896-1250
tfromer@kcsa.com / grussell@kcsa.com
www.kcsa.com

Source: Castle Brands Inc.