----

**U.      S. SECURITIES AND EXCHANGE COMMISSION**

**Washington,      DC 20549**

**FORM      10-Q/A**

**(Amendment      No. 1)**

**[      X ]**
**QUARTERLY      REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934**

**For      the quarterly period ended **
**June      30, 2005**

**PRESTIGE      BRANDS HOLDINGS, INC.**

| **Delaware**                            | **20-1297589**                                      | **001-32433**                           |
|-----------------------------------------|-----------------------------------------------------|-----------------------------------------|
| (State                of Incorporation) | (I.R.S.                Employer Identification No.) | (Commission                File Number) |

**PRESTIGE      BRANDS INTERNATIONAL, LLC**

| **Delaware**                            | **20-0941337**                                      | **333-11715218-18**                     |
|-----------------------------------------|-----------------------------------------------------|-----------------------------------------|
| (State                of Incorporation) | (I.R.S.                Employer Identification No.) | (Commission                File Number) |

|                                                                             |
|----------------------------------------------------------------------------------|
| **90                North Broadway****Irvington,                New York 10533** |  **(914)                524-6810** |
| (Address                of Principal Executive Offices)                          | (Registrants’                telephone number, including area                code) |

----

----

**EXPLANATORY      NOTE**

----

**Prestige      Brands Holdings, Inc.**

**Form      10-Q/A**

**Index**

| **PART                  I.**  | **FINANCIAL                  INFORMATION**                                                                                                                                                 |     |
|-------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------|
|                          |                                                                                                                                                                                       |     |
| Item                  1.      | Consolidated                  Financial Statements **(Restated)**                                                                                                                          |     |
|                          | **Prestige                  Brands Holdings, Inc.**                                                                                                                                        |     |
|                          | Consolidated                  Balance Sheets - June 30, 2005 and March 31, 2005                  (unaudited)                                                                               | 2        |
|                          | Consolidated                  Statements of Operations - three months ended June 30, 2005 and                  2004 (unaudited)                                                            | 3        |
|                          | Consolidated                  Statement of Changes in Shareholders’ Equity and                  Comprehensive Income - three months ended June 30, 2005                  (unaudited) |  4  |
|                          | Consolidated                  Statements of Cash Flows - three months ended June 30, 2005 and                  2004 (unaudited)                                                            | 5        |
|                          | Notes                  to Unaudited Consolidated Financial Statements                                                                                                                      | 6        |
|                          |                                                                                                                                                                                       |     |
|                          | **Prestige                  Brands International, LLC**                                                                                                                                    |     |
|                          | Consolidated                  Balance Sheets - June 30, 2005 and March 31, 2005                  (unaudited)                                                                               | 23       |
|                          | Consolidated                  Statements of Operations - three months ended June 30, 2005 and                  2004 (unaudited)                                                            | 24       |
|                          | Consolidated                  Statement of Changes in Member’s Equity and Comprehensive                  Income - three months ended June 30, 2005                  (unaudited)      |  25 |
|                          | Consolidated                  Statements of Cash Flows - three months ended September 30, 2005                  and                  2004 (unaudited)                                      | 26       |
|                          | Notes                  to Unaudited Consolidated Financial Statements                                                                                                                      | 27       |
|                          |                                                                                                                                                                                       |     |
| Item                  2.      | Management’s                  Discussion and Analysis of Financial Condition and                  Results of Operation                                                               | 43       |
|                          |                                                                                                                                                                                       |     |
| Item                  3.      | Quantitative                  and Qualitative Disclosure About Market Risk                                                                                                                 | 51       |
|                          |                                                                                                                                                                                       |     |
| Item                  4.      | Controls                  and Procedures                                                                                                                                                   | 52       |
|                          |                                                                                                                                                                                       |     |
| **PART                  II.** | **OTHER                  INFORMATION**                                                                                                                                                     |     |
|                          |                                                                                                                                                                                       |     |
| Item                  1.      | Legal                  Proceedings                                                                                                                                                         | 54       |
|                          |                                                                                                                                                                                       |     |
| Item                  2.      | Unregistered                  Sales of Equity Securities and Use of Proceeds                                                                                                               | 55       |
|                          |                                                                                                                                                                                       |     |
| Item                  3.      | Defaults                  Upon Senior Securities                                                                                                                                           | 55       |
|                          |                                                                                                                                                                                       |     |
| Item                  4.      | Submission                  of Matters to a Vote of Security Holders                                                                                                                       | 55       |
|                          |                                                                                                                                                                                       |     |
| Item                  5.      | Other                  Information                                                                                                                                                         | 56       |
|                          |                                                                                                                                                                                       |     |
| Item                  6.      | Exhibits                                                                                                                                                                                   | 56       |
|                          |                                                                                                                                                                                       |     |
|                          | Signatures                                                                                                                                                                                 | 57       |

----

**Prestige      Brands Holdings, Inc.**

**Consolidated      Balance Sheets**

***(Unaudited***
**)**

***(In      thousands, except per share data)***

|                                                                                                    |   | **June                30, 2005** |             | **March                31, 2005** |   |
|---------------------------------------------------------------------------------------------------------|--------|----------------------------------|------------------|-----------------------------------|--------|
| **Assets**                                                                                              |   |                             | ***(Restated)*** |                              |   | ***(Restated)*** |   |
| Current                assets                                                                           |   |                             |             |                              |   |   |   |
| Cash                                                                                                    |   | $                                | 13,945           |                              | $      | 5,334 |   |
| Accounts                receivable                                                                      |   |                             | 26,442           |                              |   | 35,918 |   |
| Inventories                                                                                             |   |                             | 30,589           |                              |   | 24,833 |   |
| Deferred                income tax assets                                                               |   |                             | 6,965            |                              |   | 5,699 |   |
| Prepaid                expenses and other current assets                                                |   |                             | 4,039            |                              |   | 3,152 |   |
| Total                current assets                                                                     |   |                             | 81,980           |                              |   | 74,936 |   |
|                                                                                                    |   |                             |             |                              |   |   |   |
| Property                and equipment                                                                   |   |                             | 2,043            |                              |   | 2,324 |   |
| Goodwill                                                                                                |   |                             | 294,731          |                              |   | 294,731 |   |
| Intangible                assets                                                                        |   |                             | 606,465          |                              |   | 608,613 |   |
| Other                long-term assets                                                                   |   |                             | 14,344           |                              |   | 15,996 |   |
|                                                                                                    |   |                             |             |                              |   |   |   |
| Total                Assets                                                                             |   | $                                | 999,563          |                              | $      | 996,600 |   |
|                                                                                                    |   |                             |             |                              |   |   |   |
| **Liabilities                and Shareholders’ Equity**                                           |   |                             |             |                              |   |   |   |
| Current                liabilities                                                                      |   |                             |             |                              |   |   |   |
| Accounts                payable                                                                         |   | $                                | 18,626           |                              | $      | 21,705 |   |
| Accrued                liabilities                                                                      |   |                             | 9,365            |                              |   | 11,589 |   |
| Current                portion of long-term debt                                                        |   |                             | 3,730            |                              |   | 3,730 |   |
| Total                current liabilities                                                                |   |                             | 31,721           |                              |   | 37,024 |   |
|                                                                                                    |   |                             |             |                              |   |   |   |
| Long-term                debt                                                                           |   |                             | 490,698          |                              |   | 491,630 |   |
| Deferred                income tax liabilities                                                          |   |                             | 89,916           |                              |   | 85,899 |   |
|                                                                                                    |   |                             |             |                              |   |   |   |
| Total                liabilities                                                                        |   |                             | 612,335          |                              |   | 614,553 |   |
|                                                                                                    |   |                             |             |                              |   |   |   |
| **Commitments                and Contingencies - Note 8**                                               |   |                             |             |                              |   |   |   |
|                                                                                                    |   |                             |             |                              |   |   |   |
| **Shareholders’                Equity**                                                           |   |                             |             |                              |   |   |   |
| Preferred                stock - $0.01 per share par value                                              |   |                             |             |                              |   |   |   |
| Authorized                - 5,000 shares                                                                |   |                             |             |                              |   |   |   |
| Issued                and outstanding - None                                                            |   |                             | --               |                              |   | -- |   |
| Common                stock - $.01 per share par value                                                  |   |                             |             |                              |   |   |   |
| Authorized                - 250,000 shares                                                              |   |                             |             |                              |   |   |   |
| Issued                and outstanding - 50,000 shares at June 30, 2005and                March 31, 2005 |   |                             | 500              |                              |   | 500 |   |
| Additional                paid-in capital                                                               |   |                             | 378,188          |                              |   | 378,251 |   |
| Treasury                stock - 2 shares at cost                                                        |   |                             | (4               | )                                 |   | (4 | ) |
| Accumulated                other comprehensive income (loss)                                            |   |                             | (365             | )                                 |   | 320 |   |
| Retained                earnings                                                                        |   |                             | 8,909            |                              |   | 2,980 |   |
| Total                shareholders’ equity                                                         |   |                             | 387,228          |                              |   | 382,047 |   |
|                                                                                                    |   |                             |             |                              |   |   |   |
| Total                Liabilities and Shareholders’ Equity                                         |   | $                                | 999,563          |                              | $      | 996,600 |   |

*See      accompanying notes.*

----

**Prestige      Brands Holdings, Inc.**

**Consolidated      Statements of Operations**

***(Unaudited)***

| ***(In                thousands, except per ***share                data)******                              |   | **Three                Months Ended June 30** |   |
|--------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------|--------|
|                                                                                                         |   | **2005**                                      |   | **2004** |   |
|                                                                                                         |   | ***(Restated)***                              |   | ***(Restated)*** |   |
| **Revenues**                                                                                                 |   |                                          |   |   |   |   |   |
| Net                sales                                                                                     |   | $                                             | 63,428 |   | $ | 58,680 |   |
| Other                revenues                                                                                |   |                                          | 25     |   |   | 75 |   |
| Total                revenues                                                                                |   |                                          | 63,453 |   |   | 58,755 |   |
|                                                                                                         |   |                                          |   |   |   |   |   |
| **Costs                of Sales**                                                                            |   |                                          |   |   |   |   |   |
| Costs                of sales                                                                                |   |                                          | 28,949 |   |   | 33,138 |   |
| Gross                profit                                                                                  |   |                                          | 34,504 |   |   | 25,617 |   |
|                                                                                                         |   |                                          |   |   |   |   |   |
| **Operating                Expenses**                                                                        |   |                                          |   |   |   |   |   |
| Advertising                and promotion                                                                     |   |                                          | 8,705  |   |   | 10,785 |   |
| General                and administrative                                                                    |   |                                          | 4,911  |   |   | 4,921 |   |
| Depreciation                                                                                                 |   |                                          | 483    |   |   | 486 |   |
| Amortization                of intangible assets                                                             |   |                                          | 2,148  |   |   | 1,803 |   |
| Total                operating expenses                                                                      |   |                                          | 16,247 |   |   | 17,995 |   |
|                                                                                                         |   |                                          |   |   |   |   |   |
| Operating                income                                                                              |   |                                          | 18,257 |   |   | 7,622 |   |
|                                                                                                         |   |                                          |   |   |   |   |   |
| **Other                income (expense)**                                                                    |   |                                          |   |   |   |   |   |
| Interest                income                                                                               |   |                                          | 81     |   |   | 28 |   |
| Interest                expense                                                                              |   |                                          | (8,591 | ) |   | (11,077 | ) |
| Loss                on extinguishment of debt                                                                |   |                                          | --     |   |   | (7,567 | ) |
| Total                other income (expense)                                                                  |   |                                          | (8,510 | ) |   | (18,616 | ) |
|                                                                                                         |   |                                          |   |   |   |   |   |
| Income                before income taxes                                                                    |   |                                          | 9,747  |   |   | (10,994 | ) |
|                                                                                                         |   |                                          |   |   |   |   |   |
| Provision                (benefit) for income taxes                                                          |   |                                          | 3,818  |   |   | (3,902 | ) |
| Net                income (loss)                                                                             |   |                                          | 5,929  |   |   | (7,092 | ) |
|                                                                                                         |   |                                          |   |   |   |   |   |
| Cumulative                preferred dividends on Senior Preferred and Class B Preferred                units |   |                                          | --     |   |   | (3,619 | ) |
|                                                                                                         |   |                                          |   |   |   |   |   |
| Net                income (loss) available to members and common shareholders                                |   | $                                             | 5,929  |   | $ | (10,711 | ) |
|                                                                                                         |   |                                          |   |   |   |   |   |
| Basic                earnings (loss) per share                                                               |   | $                                             | 0.12   |   | $ | (0.44 | ) |
|                                                                                                         |   |                                          |   |   |   |   |   |
| Diluted                earnings (loss) per share                                                             |   | $                                             | 0.12   |   | $ | (0.44 | ) |
|                                                                                                         |   |                                          |   |   |   |   |   |
| Weighted                average shares outstanding:Basic                                                     |   |                                          | 48,722 |   |   | 24,511 |   |
| Diluted                                                                                                      |   |                                          | 49,998 |   |   | 24,511 |   |

*See      accompanying notes.*

----

**Prestige      Brands Holdings, Inc.**

**Consolidated      Statement of Changes in Stockholders’ Equity**

**and      Comprehensive Income**

**Three      Months Ended June 30, 2005**

***(Unaudited)***

|                                                                                                  |   |  **Common                Stock****                              Par**** Shares                    ** **Value** |   |  **Additional****Paid-in****Capital** |   |   **Treasury                Stock****Shares** **Amount** |   | **Accumulated****Other****Comprehensive****Income                (Loss)** |    |   **Retained****Earnings** |   |    **Totals** |   |
|-------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------|--------|-------------------------------------------------------------------------|--------|---------------------------------------------------------------------------|---------|--------------------------------------|--------|------------------------------|--------|
| ***(In                thousands******)***                                                             |   |                                                                                                                                                                                                                    |   |                                       |   |                                                                    |   |                                                                      |    |                                 |   |                         |   |   |   |
| Balances                - March 31, 2005 ***(Restated)***                                             |   |                                                                                                                                                                                                                    | 50,000 |                                       | $      | 500                                                                     |   | $                                                                         | 378,251 |                                 |   | 2                            |   | $ | (4 | ) | $ | 320 |   | $ | 2,980 |   | $ | 382,047 |   |
|                                                                                                  |   |                                                                                                                                                                                                                    |   |                                       |   |                                                                    |   |                                                                      |    |                                 |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Additional                costs associated with initial public offering                               |   |                                                                                                                                                                                                                    |   |                                       |   |                                                                    |   |                                                                      | (63     | )                                    |   |                         |   |   |   |   |   |   |   |   |   |   |   | (63 | ) |
|                                                                                                  |   |                                                                                                                                                                                                                    |   |                                       |   |                                                                    |   |                                                                      |    |                                 |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Components                of comprehensive income                                                     |   |                                                                                                                                                                                                                    |   |                                       |   |                                                                    |   |                                                                      |    |                                 |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                income***(Restated)***                                                             |   |                                                                                                                                                                                                                    |   |                                       |   |                                                                    |   |                                                                      |    |                                 |   |                         |   |   |   |   |   |   |   |   | 5,929 |   |   | 5,929 |   |
|                                                                                                  |   |                                                                                                                                                                                                                    |   |                                       |   |                                                                    |   |                                                                      |    |                                 |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Unrealized                loss on interest rate cap, net of income tax benefit of                $440 |   |                                                                                                                                                                                                                    |   |                                       |   |                                                                    |   |                                                                      |    |                                 |   |                         |   |   |   |   |   | (685 | ) |   |   |   |   | (685 | ) |
| Total                comprehensive income***(Restated)***                                             |   |                                                                                                                                                                                                                    |   |                                       |   |                                                                    |   |                                                                      |    |                                 |   |                         |   |   |   |   |   |   |   |   |   |   |   | 5,244 |   |
|                                                                                                  |   |                                                                                                                                                                                                                    |   |                                       |   |                                                                    |   |                                                                      |    |                                 |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balances                - June 30, 2005 ***(Restated)***                                              |   |                                                                                                                                                                                                                    | 50,000 |                                       | $      | 500                                                                     |   | $                                                                         | 378,188 |                                 |   | 2                            |   | $ | (4 | ) | $ | (365 | ) | $ | 8,909 |   | $ | 387,228 |   |

*See      accompanying notes.*

----

**Prestige      Brands Holdings, Inc.**

**Consolidated      Statements of Cash Flows**

***(Unaudited)***

|                                                                                                                                |   | **Three                Months Ended June 30** |   |
|-------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------|--------|
| ***(In                thousands)***                                                                                                 |   | **2005**                                      |   | **2004** |   |
|                                                                                                                                |   | ***(Restated)***                              |   | ***(Restated)*** |   |
| **Operating                Activities**                                                                                             |   |                                          |   |   |   |   |   |
| Net                income (loss)                                                                                                    |   | $                                             | 5,929  |   | $ | (7,092 | ) |
| Adjustments                to reconcile net income (loss) to net cash provided by operating                activities:              |   |                                          |   |   |   |   |   |
| Depreciation                and amortization                                                                                        |   |                                          | 2,635  |   |   | 2,289 |   |
| Deferred                income taxes                                                                                                |   |                                          | 3,191  |   |   | 2,913 |   |
| Amortization                of deferred financing costs                                                                             |   |                                          | 527    |   |   | 781 |   |
| Loss                on extinguishment of debt                                                                                       |   |                                          | --     |   |   | 7,567 |   |
| Changes                in operating assets and liabilities, net of effects of purchases                of                businesses |   |                                          |   |   |   |   |   |
| Accounts                receivable                                                                                                  |   |                                          | 9,476  |   |   | 281 |   |
| Inventories                                                                                                                         |   |                                          | (5,756 | ) |   | 2,213 |   |
| Prepaid                expenses and other assets                                                                                    |   |                                          | (887   | ) |   | (5,573 | ) |
| Accounts                payable                                                                                                     |   |                                          | (3,079 | ) |   | 401 |   |
| Account                payable - related parties                                                                                    |   |                                          | --     |   |   | 934 |   |
| Accrued                expenses                                                                                                     |   |                                          | (2,224 | ) |   | 3,995 |   |
| Net                cash provided by operating activities                                                                            |   |                                          | 9,812  |   |   | 8,709 |   |
|                                                                                                                                |   |                                          |   |   |   |   |   |
| **Investing                Activities**                                                                                             |   |                                          |   |   |   |   |   |
| Purchase                of equipment                                                                                                |   |                                          | (206   | ) |   | (109 | ) |
| Purchase                of business, net of cash acquired                                                                           |   |                                          | --     |   |   | (373,250 | ) |
| Net                cash used for investing activities                                                                               |   |                                          | (206   | ) |   | (373,359 | ) |
|                                                                                                                                |   |                                          |   |   |   |   |   |
| **Financing                Activities**                                                                                             |   |                                          |   |   |   |   |   |
| Proceeds                from the issuance of notes                                                                                  |   |                                          | --     |   |   | 668,512 |   |
| Payment                of deferred financing costs                                                                                  |   |                                          | --     |   |   | (22,651 | ) |
| Repayment                of notes                                                                                                   |   |                                          | (932   | ) |   | (330,786 | ) |
| Proceeds                from the issuance of equity units                                                                           |   |                                          | --     |   |   | 58,487 |   |
| Additional                costs associated with initial public offering                                                             |   |                                          | (63    | ) |   | -- |   |
| Net                cash provided by (used for) financing activities                                                                 |   |                                          | (995   | ) |   | 373,562 |   |
|                                                                                                                                |   |                                          |   |   |   |   |   |
| Increase                in cash                                                                                                     |   |                                          | 8,611  |   |   | 8,912 |   |
| Cash                - beginning of period                                                                                           |   |                                          | 5,334  |   |   | 3,393 |   |
|                                                                                                                                |   |                                          |   |   |   |   |   |
| Cash                - end of period                                                                                                 |   | $                                             | 13,945 |   | $ | 12,305 |   |
|                                                                                                                                |   |                                          |   |   |   |   |   |
| **Supplemental                Cash Flow Information**                                                                               |   |                                          |   |   |   |   |   |
| Fair                value of assets acquired, net of cash acquired                                                                  |   | $                                             | --     |   | $ | 596,955 |   |
| Fair                value of liabilities assumed                                                                                    |   |                                          | --     |   |   | (223,613 | ) |
| Purchase                price funded with non-cash contributions                                                                    |   |                                          | --     |   |   | (92 | ) |
| Cash                paid to purchase business                                                                                       |   | $                                             | --     |   | $ | 373,250 |   |
|                                                                                                                                |   |                                          |   |   |   |   |   |
| Interest                paid                                                                                                        |   | $                                             | 8,051  |   | $ | 10,295 |   |
| Income                taxes paid                                                                                                    |   | $                                             | 422    |   | $ | 280 |   |

*See      accompanying notes.*

----

**Prestige      Brands Holdings, Inc.**

**Notes      to Consolidated Financial Statements**

**(In      thousands, except per share data)**

| **1.** | **Business                and Basis of Presentation** |
|--------|-------------------------------------------------------|

***Nature      of Business***

***Basis      of Presentation***

***Use      of Estimates***

***Cash      and Cash Equivalents***

***Accounts      Receivable***

----

***Sales      Returns***

***Inventories***

***Property      and Equipment***

|                                  |   | **Years** |
|---------------------------------------|--------|-----------|
| Machinery                             |   | 5         |
| Computer                equipment     |   | 3         |
| Furniture                and fixtures |   | 7         |

***Goodwill***

***Intangible      Assets***

***Deferred      Financing Costs***

***Revenue      Recognition***

----

***Costs      of Sales***

***Advertising      and Promotion Costs***

***Stock-based      Compensation***

**Income      Taxes**

***Derivative      Instruments***

----

***Earnings      Per Share***

***Recently      Issued Accounting Standards***

**2.**
**Restatement      of Financial Statements**

----

----

**Consolidated      Statements of Operations**

|                                                                           |   | **Three                Months Ended June 30, 2005** |   |
|--------------------------------------------------------------------------------|--------|-----------------------------------------------------|--------|
| ***(In                thousands, except******per                share data)*** |   | **Previously                Reported**              |   | **Revenue****Recognition** |   | **Cooperative****Advertising** |   | **Income****Taxes** |   |  **As                Restated** |   |
|                                                                           |   |                                                |   |   |   |   |   |   |   |   |   |
| **Revenues**                                                                   |   |                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                sales                                                       |   | $                                                   | 63,530 |   | $ | 1,928 |   | $ | (2,030 | ) | $ | -- |   | $ | 63,428 |   |
| Other                revenues                                                  |   |                                                | 25     |   |   |   |   |   |   |   |   |   |   |   | 25 |   |
| Total                revenues                                                  |   |                                                | 63,555 |   |   | 1,928 |   |   | (2,030 | ) |   | -- |   |   | 63,453 |   |
|                                                                           |   |                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Cost                of Sales**                                               |   |                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Costs                of sales                                                  |   |                                                | 28,339 |   |   | 610 |   |   |   |   |   |   |   |   | 28,949 |   |
| Gross                profit                                                    |   |                                                | 35,216 |   |   | 1,318 |   |   | (2,030 | ) |   | -- |   |   | 34,504 |   |
|                                                                           |   |                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Operating                Expenses**                                          |   |                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Advertising                and promotion                                       |   |                                                | 10,714 |   |   | 21 |   |   | (2,030 | ) |   |   |   |   | 8,705 |   |
| General                and administrative                                      |   |                                                | 4,911  |   |   |   |   |   |   |   |   |   |   |   | 4,911 |   |
| Depreciation                                                                   |   |                                                | 483    |   |   |   |   |   |   |   |   |   |   |   | 483 |   |
| Amortization                of intangible assets                               |   |                                                | 2,148  |   |   |   |   |   |   |   |   |   |   |   | 2,148 |   |
| Total                operating expenses                                        |   |                                                | 18,256 |   |   | 21 |   |   | (2,030 | ) |   | -- |   |   | 16,247 |   |
|                                                                           |   |                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating                income                                                |   |                                                | 16,960 |   |   | 1,297 |   |   | -- |   |   | -- |   |   | 18,257 |   |
|                                                                           |   |                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Other                income (expense)**                                      |   |                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest                income                                                 |   |                                                | 81     |   |   |   |   |   |   |   |   |   |   |   | 81 |   |
| Interest                expense                                                |   |                                                | (8,591 | ) |   |   |   |   |   |   |   |   |   |   | (8,591 | ) |
| Total                other income (expense)                                    |   |                                                | (8,510 | ) |   | -- |   |   | -- |   |   | -- |   |   | (8,510 | ) |
|                                                                           |   |                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income                before provision for income taxes                        |   |                                                | 8,450  |   |   | 1,297 |   |   | -- |   |   | -- |   |   | 9,747 |   |
|                                                                           |   |                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Provision                for income taxes                                      |   |                                                | 4,443  |   |   | 522 |   |   |   |   |   | (1,147 | ) |   | 3,818 |   |
| Net                income                                                      |   | $                                                   | 4,007  |   | $ | 775 |   | $ | -- |   | $ | 1,147 |   | $ | 5,929 |   |
|                                                                           |   |                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic                earnings per share                                        |   | $                                                   | 0.08   |   |   |   |   |   |   |   |   |   |   | $ | 0.12 |   |
|                                                                           |   |                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted                earnings per share                                      |   | $                                                   | 0.08   |   |   |   |   |   |   |   |   |   |   | $ | 0.12 |   |
|                                                                           |   |                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Average                shares outstanding:Basic                                |   |                                                | 49,998 |   |   |   |   |   |   |   |   |   |   |   | 48,722 |   |
| Diluted                                                                        |   |                                                | 49,998 |   |   |   |   |   |   |   |   |   |   |   | 49,998 |   |

----

**Consolidated      Statements of Operations**

|                                                                                                        |   | **Three                Months Ended June 30, 2004** |    |
|-------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------|---------|
| ***(In                thousands, except******per                share data)***                              |   | **Previously                Reported**              |    | **Revenue****Recognition** |   | **Cooperative****Advertising** |   |  **As                Restated** |   |
|                                                                                                        |   |                                                |    |   |   |   |   |   |   |
| **Revenues**                                                                                                |   |                                                |    |   |   |   |   |   |   |   |   |   |   |
| Net                sales                                                                                    |   | $                                                   | 67,682  |   | $ | (6,142 | ) | $ | (2,860 | ) | $ | 58,680 |   |
| Other                revenues                                                                               |   |                                                | 75      |   |   |   |   |   |   |   |   | 75 |   |
| Total                revenues                                                                               |   |                                                | 67,757  |   |   | (6,142 | ) |   | (2,860 | ) |   | 58,755 |   |
|                                                                                                        |   |                                                |    |   |   |   |   |   |   |   |   |   |   |
| **Cost                of Sales**                                                                            |   |                                                |    |   |   |   |   |   |   |   |   |   |   |
| Costs                of sales                                                                               |   |                                                | 36,123  |   |   | (2,985 | ) |   |   |   |   | 33,138 |   |
| Gross                profit                                                                                 |   |                                                | 31,634  |   |   | (3,157 | ) |   | (2,860 | ) |   | 25,617 |   |
|                                                                                                        |   |                                                |    |   |   |   |   |   |   |   |   |   |   |
| **Operating                Expenses**                                                                       |   |                                                |    |   |   |   |   |   |   |   |   |   |   |
| Advertising                and promotion                                                                    |   |                                                | 13,771  |   |   | (126 | ) |   | (2,860 | ) |   | 10,785 |   |
| General                and administrative                                                                   |   |                                                | 4,921   |   |   |   |   |   |   |   |   | 4,921 |   |
| Depreciation                                                                                                |   |                                                | 486     |   |   |   |   |   |   |   |   | 486 |   |
| Amortization                of intangible assets                                                            |   |                                                | 1,803   |   |   |   |   |   |   |   |   | 1,803 |   |
| Total                operating expenses                                                                     |   |                                                | 20,981  |   |   | (126 | ) |   | (2,860 | ) |   | 17,995 |   |
|                                                                                                        |   |                                                |    |   |   |   |   |   |   |   |   |   |   |
| Operating                income                                                                             |   |                                                | 10,653  |   |   | (3,031 | ) |   | - |   |   | 7,622 |   |
|                                                                                                        |   |                                                |    |   |   |   |   |   |   |   |   |   |   |
| **Other                income (expense)**                                                                   |   |                                                |    |   |   |   |   |   |   |   |   |   |   |
| Interest                income                                                                              |   |                                                | 28      |   |   |   |   |   |   |   |   | 28 |   |
| Interest                expense                                                                             |   |                                                | (11,077 | ) |   |   |   |   |   |   |   | (11,077 | ) |
| Loss                on extinguishment of debt                                                               |   |                                                | (7,567  | ) |   |   |   |   |   |   |   | (7,567 | ) |
| Total                other income (expense)                                                                 |   |                                                | (18,616 | ) |   | -- |   |   | -- |   |   | (18,616 | ) |
|                                                                                                        |   |                                                |    |   |   |   |   |   |   |   |   |   |   |
| Loss                before benefit forincome                taxes                                           |   |                                                | (7,963  | ) |   | (3,031 | ) |   |   |   |   | (10,994 | ) |
|                                                                                                        |   |                                                |    |   |   |   |   |   |   |   |   |   |   |
| Benefit                for income taxes                                                                     |   |                                                | 2,826   |   |   | 1,076 |   |   |   |   |   | 3,902 |   |
| Net                loss                                                                                     |   |                                                | (5,137  | ) |   | (1,955 | ) |   | -- |   |   | (7,092 | ) |
|                                                                                                        |   |                                                |    |   |   |   |   |   |   |   |   |   |   |
| Cumulative                preferred dividend on Senior Preferred and Class B Preferred                Units |   |                                                | (3,619  | ) |   |   |   |   |   |   |   | (3,619 | ) |
|                                                                                                        |   |                                                |    |   |   |   |   |   |   |   |   |   |   |
| Net                loss available to common shareholders                                                    |   | $                                                   | (8,756  | ) | $ | (1,955 | ) | $ | -- |   | $ | (10,711 | ) |
|                                                                                                        |   |                                                |    |   |   |   |   |   |   |   |   |   |   |
| Basic                earnings per share                                                                     |   | $                                                   | (0.33   | ) |   |   |   |   |   |   | $ | (0.44 | ) |
|                                                                                                        |   |                                                |    |   |   |   |   |   |   |   |   |   |   |
| Diluted                earnings per share                                                                   |   | $                                                   | (0.33   | ) |   |   |   |   |   |   | $ | (0.44 | ) |
|                                                                                                        |   |                                                |    |   |   |   |   |   |   |   |   |   |   |
| Average                shares outstanding:Basic                                                             |   |                                                | 26,516  |   |   |   |   |   |   |   |   | 24,511 |   |
| Diluted                                                                                                     |   |                                                | 26,516  |   |   |   |   |   |   |   |   | 24,511 |   |

----

**Consolidated      Balance Sheet**

| ***(In                thousands, except per share data)***      |   | **June                30, 2005**          |      |
|-----------------------------------------------------------------|--------|-------------------------------------------|-----------|
|  **Assets**                                                |   | **As                Previously Reported** |      |  **As                Restated** |   |
| Current                assets                                   |   |                                      |      |   |   |   |   |
| Cash                                                            |   | $                                         | 13,945    |   | $ | 13,945 |   |
| Accounts                receivable                              |   |                                      | 32,489    |   |   | 26,442 |   |
| Inventories                                                     |   |                                      | 27,946    |   |   | 30,589 |   |
| Deferred                income tax assets                       |   |                                      | 6,965     |   |   | 6,965 |   |
| Prepaid                expenses and other current assets        |   |                                      | 4,039     |   |   | 4,039 |   |
| Total                current assets                             |   |                                      | 85,384    |   |   | 81,980 |   |
|                                                            |   |                                      |      |   |   |   |   |
| Property                and equipment                           |   |                                      | 2,043     |   |   | 2,043 |   |
| Goodwill                                                        |   |                                      | 294,544   |   |   | 294,731 |   |
| Intangible                assets                                |   |                                      | 606,465   |   |   | 606,465 |   |
| Other                long-term assets                           |   |                                      | 14,344    |   |   | 14,344 |   |
|                                                            |   |                                      |      |   |   |   |   |
| Total                Assets                                     |   | $                                         | 1,002,780 |   | $ | 999,563 |   |
|                                                            |   |                                      |      |   |   |   |   |
| **Liabilities                and Shareholders’ Equity**   |   |                                      |      |   |   |   |   |
| Current                liabilities                              |   |                                      |      |   |   |   |   |
| Accounts                payable                                 |   | $                                         | 18,626    |   | $ | 18,626 |   |
| Accrued                liabilities                              |   |                                      | 10,705    |   |   | 9,365 |   |
| Current                portion of long-term debt                |   |                                      | 3,730     |   |   | 3,730 |   |
| Total                current liabilities                        |   |                                      | 33,061    |   |   | 31,721 |   |
|                                                            |   |                                      |      |   |   |   |   |
| Long-term                debt                                   |   |                                      | 490,698   |   |   | 490,698 |   |
| Deferred                income tax liabilities                  |   |                                      | 89,916    |   |   | 89,916 |   |
|                                                            |   |                                      |      |   |   |   |   |
| Total                liabilities                                |   |                                      | 613,675   |   |   | 612,335 |   |
|                                                            |   |                                      |      |   |   |   |   |
| **Shareholders’                Equity**                   |   |                                      |      |   |   |   |   |
| Preferred                stock - $0.01 per share par value      |   |                                      |      |   |   |   |   |
| Authorized                - 5,000 shares                        |   |                                      |      |   |   |   |   |
| Issued                and outstanding - None                    |   |                                      | --        |   |   | -- |   |
| Common                stock - $.01 per share par value          |   |                                      |      |   |   |   |   |
| Authorized                - 250,000 shares                      |   |                                      |      |   |   |   |   |
| Issued                and outstanding - 50,000 shares           |   |                                      | 500       |   |   | 500 |   |
| Additional                paid-in capital                       |   |                                      | 378,188   |   |   | 378,188 |   |
| Treasury                stock - 2 shares at cost                |   |                                      | (4        | ) |   | (4 | ) |
| Accumulated                other comprehensive loss             |   |                                      | (365      | ) |   | (365 | ) |
| Retained                earnings                                |   |                                      | 10,786    |   |   | 8,909 |   |
| Total                shareholders’ equity                 |   |                                      | 389,105   |   |   | 387,228 |   |
|                                                            |   |                                      |      |   |   |   |   |
| Total                Liabilities and Shareholders’ Equity |   | $                                         | 1,002,780 |   | $ | 999,563 |   |

----

**Consolidated      Balance Sheet**

| ***(In                thousands, except per share data)***      |   | **March                31, 2005** |                                      |
|-----------------------------------------------------------------|--------|-----------------------------------|-------------------------------------------|
|  **Assets**                                                |   |                              | **As                Previously Reported** |   |   | **As                Restated** |   |
| Current                assets                                   |   |                              |                                      |   |   |   |   |
| Cash                                                            |   | $                                 | 5,334                                     |   | $ | 5,334 |   |
| Accounts                receivable                              |   |                              | 43,893                                    |   |   | 35,918 |   |
| Inventories                                                     |   |                              | 21,580                                    |   |   | 24,833 |   |
| Deferred                income tax assets                       |   |                              | 5,699                                     |   |   | 5,699 |   |
| Prepaid                expenses and other current assets        |   |                              | 3,152                                     |   |   | 3,152 |   |
| Total                current assets                             |   |                              | 79,658                                    |   |   | 74,936 |   |
|                                                            |   |                              |                                      |   |   |   |   |
| Property                and equipment                           |   |                              | 2,324                                     |   |   | 2,324 |   |
| Goodwill                                                        |   |                              | 294,544                                   |   |   | 294,731 |   |
| Intangible                assets                                |   |                              | 608,613                                   |   |   | 608,613 |   |
| Other                long-term assets                           |   |                              | 15,996                                    |   |   | 15,996 |   |
|                                                            |   |                              |                                      |   |   |   |   |
| Total                Assets                                     |   | $                                 | 1,001,135                                 |   | $ | 996,600 |   |
|                                                            |   |                              |                                      |   |   |   |   |
| **Liabilities                and Shareholders’ Equity**   |   |                              |                                      |   |   |   |   |
| Current                liabilities                              |   |                              |                                      |   |   |   |   |
| Accounts                payable                                 |   | $                                 | 21,705                                    |   | $ | 21,705 |   |
| Accrued                liabilities                              |   |                              | 13,472                                    |   |   | 11,589 |   |
| Current                portion of long-term debt                |   |                              | 3,730                                     |   |   | 3,730 |   |
| Total                current liabilities                        |   |                              | 38,907                                    |   |   | 37,024 |   |
|                                                            |   |                              |                                      |   |   |   |   |
| Long-term                debt                                   |   |                              | 491,630                                   |   |   | 491,630 |   |
| Deferred                income tax liabilities                  |   |                              | 84,752                                    |   |   | 85,899 |   |
|                                                            |   |                              |                                      |   |   |   |   |
| Total                liabilities                                |   |                              | 615,289                                   |   |   | 614,553 |   |
|                                                            |   |                              |                                      |   |   |   |   |
| **Shareholders’                Equity**                   |   |                              |                                      |   |   |   |   |
| Preferred                stock - $0.01 per share par value      |   |                              |                                      |   |   |   |   |
| Authorized                - 5,000 shares                        |   |                              |                                      |   |   |   |   |
| Issued                and outstanding - None                    |   |                              | --                                        |   |   | -- |   |
| Common                stock - $.01 per share par value          |   |                              |                                      |   |   |   |   |
| Authorized                - 250,000 shares                      |   |                              |                                      |   |   |   |   |
| Issued                and outstanding - 50,000 shares           |   |                              | 500                                       |   |   | 500 |   |
| Additional                paid-in capital                       |   |                              | 378,251                                   |   |   | 378,251 |   |
| Treasury                stock - 2 shares at cost                |   |                              | (4                                        | ) |   | (4 | ) |
| Accumulated                other comprehensive income           |   |                              | 320                                       |   |   | 320 |   |
| Retained                earnings                                |   |                              | 6,779                                     |   |   | 2,980 |   |
| Total                shareholders’ equity                 |   |                              | 385,846                                   |   |   | 382,047 |   |
|                                                            |   |                              |                                      |   |   |   |   |
| Total                Liabilities and Shareholders’ Equity |   | $                                 | 1,001,135                                 |   | $ | 996,600 |   |

----

**3.** **Accounts      Receivable**

|                                                                                           |   | **June                30, 2005** |   | **March                31, 2005** |   |
|------------------------------------------------------------------------------------------------|--------|----------------------------------|--------|-----------------------------------|--------|
|                                                                                           |   | ***(Restated)***                 |   | ***(Restated)***                  |   |
|                                                                                           |   |                             |   |                              |   |
| Accounts                receivable                                                             |   | $                                | 26,332 |                              | $      | 36,985 |   |
| Other                receivables                                                               |   |                             | 1,251  |                              |   | 835 |   |
|                                                                                           |   |                             | 27,583 |                              |   | 37,820 |   |
| Less                allowances for discounts, returns anduncollectible                accounts |   |                             | (1,141 | )                                 |   | (1,902 | ) |
|                                                                                           |   |                             |   |                              |   |   |   |
|                                                                                           |   | $                                | 26,442 |                              | $      | 35,918 |   |

**4.** **Inventories**

|                                       |   | **June                30, 2005** |   | **March                31, 2005** |   |
|--------------------------------------------|--------|----------------------------------|--------|-----------------------------------|--------|
|                                       |   | ***(Restated)***                 |   | ***(Restated)***                  |   |
|                                       |   |                             |   |                              |   |
| Packaging                and raw materials |   | $                                | 5,192  |                              | $      | 3,587 |   |
| Finished                goods              |   |                             | 25,397 |                              |   | 21,246 |   |
|                                       |   |                             |   |                              |   |   |   |
|                                       |   | $                                | 30,589 |                              | $      | 24,833 |   |

**5.** **Property      and Equipment**

|                                    |   | **June                30, 2005** |   | **March                31, 2005** |   |
|-----------------------------------------|--------|----------------------------------|--------|-----------------------------------|--------|
|                                    |   |                             |   |                              |   |
| Machinery                               |   | $                                | 2,828  |                              | $      | 2,828 |   |
| Computer                equipment       |   |                             | 784    |                              |   | 771 |   |
| Furniture                and fixtures   |   |                             | 542    |                              |   | 515 |   |
| Leasehold                improvements   |   |                             | 339    |                              |   | 173 |   |
|                                    |   |                             | 4,493  |                              |   | 4,287 |   |
|                                    |   |                             |   |                              |   |   |   |
| Accumulated                depreciation |   |                             | (2,450 | )                                 |   | (1,963 | ) |
|                                    |   |                             |   |                              |   |   |   |
|                                    |   | $                                | 2,043  |                              | $      | 2,324 |   |

----

**6.**
**Intangible      Assets**

|                                         |   | **June                30, 2005** |    |
|----------------------------------------------|--------|----------------------------------|---------|
|                                         |   | **Gross**                        |    | **Accumulated** |   | **Net** |   |
|                                         |   | **Amount**                       |    | **Amortization** |   | **Amount** |   |
|                                         |   |                             |    |   |   |   |   |
| Indefinite                lived trademarks   |   | $                                | 522,346 |   | $ | -- |   | $ | 522,346 |   |
|                                         |   |                             |    |   |   |   |   |   |   |   |
| Amortizable                intangible assets |   |                             |    |   |   |   |   |   |   |   |
| Trademarks                                   |   |                             | 94,900  |   |   | (10,915 | ) |   | 83,985 |   |
| Non-compete                agreement         |   |                             | 158     |   |   | (24 | ) |   | 134 |   |
|                                         |   |                             | 95,058  |   |   | (10,939 | ) |   | 84,119 |   |
|                                         |   |                             |    |   |   |   |   |   |   |   |
|                                         |   | $                                | 617,404 |   | $ | (10,939 | ) | $ | 606,465 |   |

|                                         |   | **March                31, 2005** |    |
|----------------------------------------------|--------|-----------------------------------|---------|
|                                         |   | **Gross**                         |    | **Accumulated** |   | **Net** |   |
|                                         |   | **Amount**                        |    | **Amortization** |   | **Amount** |   |
|                                         |   |                              |    |   |   |   |   |
| Indefinite                lived trademarks   |   | $                                 | 522,346 |   | $ | -- |   | $ | 522,346 |   |
|                                         |   |                              |    |   |   |   |   |   |   |   |
| Amortizable                intangible assets |   |                              |    |   |   |   |   |   |   |   |
| Trademarks                                   |   |                              | 94,900  |   |   | (8,775 | ) |   | 86,125 |   |
| Non-compete                agreement         |   |                              | 158     |   |   | (16 | ) |   | 142 |   |
|                                         |   |                              | 95,058  |   |   | (8,791 | ) |   | 86,267 |   |
|                                         |   |                              |    |   |   |   |   |   |   |   |
|                                         |   | $                                 | 617,404 |   | $ | (8,791 | ) | $ | 608,613 |   |

| **Twelve                Months Ending June 30** |   |   |   |   |
|-------------------------------------------------|--------|--------|--------|--------|
| 2006                                            |   | $      | 8,592  |   |
| 2007                                            |   |   | 8,592  |   |
| 2008                                            |   |   | 8,592  |   |
| 2009                                            |   |   | 8,592  |   |
| 2010                                            |   |   | 8,592  |   |
| Thereafter                                      |   |   | 41,159 |   |
|                                            |   |   |   |   |
|                                            |   | $      | 84,119 |   |

----

**7.**
**Long-Term      Debt**

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | **June                30, 2005** |    | **March                31, 2005** |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------|---------|-----------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                             |    |                              |   |
| Senior                revolving credit facility (“Revolving Credit Facility”), which expires on                April 6, 2009, is available for maximum borrowings of up to $60.0                million.                The Revolving Credit Facility bears interest at the Company’s option at                either the prime rate plus a variable margin or LIBOR plus a variable                margin. The variable margin ranges from 0.75% to 2.50% and at June                30,                2005, the interest rate on the Revolving Credit Facility was 7.0%                per                annum. The Company is also required to pay a variable commitment                fee on                the unused portion of the Revolving Credit Facility. At June 30,                2005, the                commitment fee was 0.50% of the unused line. The Revolving Credit                Facility                is collateralized by substantially all of the Company’s                assets.                                                                                                                                         |   | $                                | --      |                              | $      | -- |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                             |    |                              |   |   |   |
| Senior                secured term loan facility, (“Tranche B Term Loan Facility”) bears                interest at the Company’s option at either the prime rate or LIBOR plus a                variable margin of 2.25%. At June 30, 2005, the applicable interest                rate                on the Tranche B Term Loan Facility was 5.38%. Principal payments                of $933                and interest are payable quarterly. In February 2005, the Tranche                B Term                Loan Facility was amended to increase the amount available thereunder                by                $200.0 million, all of which is available at June 30, 2005. Current                amounts outstanding under the Tranche B Term Loan Facility mature                on April                6, 2011, while amounts borrowed pursuant to the amendment will mature                on                October 6, 2011. The                Tranche B Term Loan Facility is collateralized by substantially all                of the                Company’s assets.                                                             |   |                             | 368,428 |                              |   | 369,360 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                             |    |                              |   |   |   |
| Senior                Subordinated Notes (“Senior Notes”) that bear interest at 9.25% which is                payable on April 15th                and October 15th                of                each year. The Senior Notes mature on April 15, 2012; however, the                Company                may redeem some or all of the Senior Notes on or prior to April 15,                2008                at a redemption price equal to 100% plus a make-whole premium, and                on or                after April 15, 2008 at redemption prices set forth in the indenture                governing the Senior Notes. The Senior Notes are unconditionally                guaranteed by Prestige Brands International, LLC (“Prestige                International”), a wholly owned subsidiary, and Prestige International’s                wholly owned subsidiaries (other than the issuer). Each of the guarantees                is joint and several. There are no significant restrictions on the                ability                of any of the guarantors to obtain funds from their                subsidiaries. |   |                             | 126,000 |                              |   | 126,000 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                             |    |                              |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                             | 494,428 |                              |   | 495,360 |   |
| Current                portion of long-term debt                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                             | (3,730  | )                                 |   | (3,730 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                             |    |                              |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | $                                | 490,698 |                              | $      | 491,630 |   |

----

| **Twelve                Months Ending June 30** |   |   |    |   |
|-------------------------------------------------|--------|--------|---------|--------|
| 2006                                            |   | $      | 3,730   |   |
| 2007                                            |   |   | 3,730   |   |
| 2008                                            |   |   | 3,730   |   |
| 2009                                            |   |   | 3,730   |   |
| 2010                                            |   |   | 3,730   |   |
| Thereafter                                      |   |   | 475,778 |   |
|                                            |   |   |    |   |
|                                            |   | $      | 494,428 |   |

**8.** **Commitments      and Contingencies**

----

**9.**
**Equity      Incentive Plan**

----

**10.**
**Earnings      Per Share**

|                                                                                                               |   | **Three                Months Ended June 30** |   |
|--------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------|--------|
|                                                                                                               |   | **2005**                                      |   | **2004** |   |
|                                                                                                               |   | ***(Restated)***                              |   | ***(Restated)*** |   |
| **Numerator**                                                                                                      |   |                                          |   |   |   |   |   |
| Net                income (loss) available to common shareholders                                                  |   | $                                             | 5,929  |   | $ | (10,711 | ) |
|                                                                                                               |   |                                          |   |   |   |   |   |
| **Denominator**                                                                                                    |   |                                          |   |   |   |   |   |
| Denominator                for basic earnings per share - weighted average shares                                  |   |                                          | 48,722 |   |   | 24,511 |   |
|                                                                                                               |   |                                          |   |   |   |   |   |
| Dilutive                effect of unvested restricted common stock issued to employee and                directors |   |                                          | 1,276  |   |   | -- |   |
|                                                                                                               |   |                                          |   |   |   |   |   |
| Denominator                for diluted earnings per share                                                          |   |                                          | 49,998 |   |   | 24,511 |   |
|                                                                                                               |   |                                          |   |   |   |   |   |
| **Earnings                per Common Share:**                                                                      |   |                                          |   |   |   |   |   |
| Basic                                                                                                              |   | $                                             | 0.12   |   | $ | (0.44 | ) |
|                                                                                                               |   |                                          |   |   |   |   |   |
| Diluted                                                                                                            |   | $                                             | 0.12   |   | $ | (0.44 | ) |

**11.** **Related      Party Transactions**

**12.**
**Income      Taxes**

**13.** **Concentrations      of Risk**

----

**14.** **Business      Segments**

|                                      |   | **Period                Ended June 30, 2005*****(Restated)*** |   |
|-------------------------------------------|--------|---------------------------------------------------------------|--------|
|                                      |   | **Over-the-Counter**                                          |   |  **Personal** |   |  **Household** |   |   |   |
|                                      |   | **Drug**                                                      |   | **Care** |   | **Cleaning** |   | **Consolidated** |   |
|                                      |   |                                                          |   |   |   |   |   |   |   |
| Net                sales                  |   | $                                                             | 33,387 |   | $ | 7,256 |   | $ | 22,785 |   | $ | 63,428 |   |
| Other                revenues             |   |                                                          | --     |   |   | -- |   |   | 25 |   |   | 25 |   |
|                                      |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |
| Total                revenues             |   |                                                          | 33,387 |   |   | 7,256 |   |   | 22,810 |   |   | 63,453 |   |
| Cost                of sales              |   |                                                          | 11,665 |   |   | 3,898 |   |   | 13,386 |   |   | 28,949 |   |
|                                      |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |
| Gross                profit               |   |                                                          | 21,722 |   |   | 3,358 |   |   | 9,424 |   |   | 34,504 |   |
| Advertising                and promotion  |   |                                                          | 6,138  |   |   | 796 |   |   | 1,771 |   |   | 8,705 |   |
|                                      |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |
| Contribution                margin        |   | $                                                             | 15,584 |   | $ | 2,562 |   | $ | 7,653 |   |   | 25,799 |   |
| Other                operating expenses   |   |                                                          |   |   |   |   |   |   |   |   |   | 7,542 |   |
|                                      |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |
| Operating                income           |   |                                                          |   |   |   |   |   |   |   |   |   | 18,257 |   |
| Other                income (expense)     |   |                                                          |   |   |   |   |   |   |   |   |   | (8,510 | ) |
| Provision                for income taxes |   |                                                          |   |   |   |   |   |   |   |   |   | (3,818 | ) |
|                                      |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |
| Net                income                 |   |                                                          |   |   |   |   |   |   |   |   | $ | 5,929 |   |

----

|                                     |   | **Period                Ended June 30, 2004*****(Restated)*** |   |
|------------------------------------------|--------|---------------------------------------------------------------|--------|
|                                     |   | **Over-the-Counter**                                          |   |  **Personal** |   |  **Household** |   |   |   |
|                                     |   | **Drug**                                                      |   | **Care** |   | **Cleaning** |   | **Consolidated** |   |
|                                     |   |                                                          |   |   |   |   |   |   |   |
| Net                sales                 |   | $                                                             | 29,396 |   | $ | 7,303 |   | $ | 21,981 |   | $ | 58,680 |   |
| Other                revenues            |   |                                                          |   |   |   |   |   |   | 75 |   |   | 75 |   |
|                                     |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |
| Total                revenues            |   |                                                          | 29,396 |   |   | 7,303 |   |   | 22,056 |   |   | 58,755 |   |
| Cost                of sales             |   |                                                          | 13,165 |   |   | 4,231 |   |   | 15,742 |   |   | 33,138 |   |
|                                     |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |
| Gross                profit              |   |                                                          | 16,231 |   |   | 3,072 |   |   | 6,314 |   |   | 25,617 |   |
| Advertising                and promotion |   |                                                          | 6,554  |   |   | 1,916 |   |   | 2,315 |   |   | 10,785 |   |
|                                     |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |
| Contribution                margin       |   | $                                                             | 9,677  |   | $ | 1,156 |   | $ | 3,999 |   |   | 14,832 |   |
| Other                operating expenses  |   |                                                          |   |   |   |   |   |   |   |   |   | 7,210 |   |
|                                     |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |
| Operating                income          |   |                                                          |   |   |   |   |   |   |   |   |   | 7,622 |   |
| Other                income (expense)    |   |                                                          |   |   |   |   |   |   |   |   |   | (18,616 | ) |
| Benefit                for income taxes  |   |                                                          |   |   |   |   |   |   |   |   |   | 3,902 |   |
|                                     |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |
| Net                loss                  |   |                                                          |   |   |   |   |   |   |   |   | $ | (7,092 | ) |

**15.** **Subsequent      Events**

----

**Prestige      Brands International, LLC**

**Consolidated      Balance Sheets**

***(Unaudited***
**)**

***(In      thousands)***

|                                                         |   | **June                30, 2005** |             | **March                31, 2005** |   |
|--------------------------------------------------------------|--------|----------------------------------|------------------|-----------------------------------|--------|
| **Assets**                                                   |   |                             | ***(Restated)*** |                              |   | ***(Restated)*** |   |
| Current                assets                                |   |                             |             |                              |   |   |   |
| Cash                                                         |   | $                                | 13,945           |                              | $      | 5,334 |   |
| Accounts                receivable                           |   |                             | 26,442           |                              |   | 35,918 |   |
| Inventories                                                  |   |                             | 30,589           |                              |   | 24,833 |   |
| Deferred                income tax assets                    |   |                             | 6,965            |                              |   | 5,699 |   |
| Prepaid                expenses and other current assets     |   |                             | 4,039            |                              |   | 3,152 |   |
| Total                current assets                          |   |                             | 81,980           |                              |   | 74,936 |   |
|                                                         |   |                             |             |                              |   |   |   |
| Property                and equipment                        |   |                             | 2,043            |                              |   | 2,324 |   |
| Goodwill                                                     |   |                             | 294,731          |                              |   | 294,731 |   |
| Intangible                assets                             |   |                             | 606,465          |                              |   | 608,613 |   |
| Other                long-term assets                        |   |                             | 14,344           |                              |   | 15,996 |   |
|                                                         |   |                             |             |                              |   |   |   |
| Total                Assets                                  |   | $                                | 999,563          |                              | $      | 996,600 |   |
|                                                         |   |                             |             |                              |   |   |   |
| **Liabilities                and Member’s Equity**     |   |                             |             |                              |   |   |   |
| Current                liabilities                           |   |                             |             |                              |   |   |   |
| Accounts                payable                              |   | $                                | 18,626           |                              | $      | 21,705 |   |
| Accrued                liabilities                           |   |                             | 9,365            |                              |   | 11,589 |   |
| Current                portion of long-term debt             |   |                             | 3,730            |                              |   | 3,730 |   |
| Total                current liabilities                     |   |                             | 31,721           |                              |   | 37,024 |   |
|                                                         |   |                             |             |                              |   |   |   |
| Long-term                debt                                |   |                             | 490,698          |                              |   | 491,630 |   |
| Deferred                income tax liabilities               |   |                             | 89,916           |                              |   | 85,899 |   |
|                                                         |   |                             |             |                              |   |   |   |
| Total                liabilities                             |   |                             | 612,335          |                              |   | 614,553 |   |
|                                                         |   |                             |             |                              |   |   |   |
| **Commitments                and Contingencies - Note 8**    |   |                             |             |                              |   |   |   |
|                                                         |   |                             |             |                              |   |   |   |
| **Member’s                Equity**                     |   |                             |             |                              |   |   |   |
| Contributed                capital - Prestige Holdings       |   |                             | 370,214          |                              |   | 370,277 |   |
| Accumulated                other comprehensive income (loss) |   |                             | (365             | )                                 |   | 320 |   |
| Retained                earnings                             |   |                             | 17,379           |                              |   | 11,450 |   |
| Total                member’s equity                   |   |                             | 387,228          |                              |   | 382,047 |   |
|                                                         |   |                             |             |                              |   |   |   |
| Total                liabilities and member’s equity   |   | $                                | 999,563          |                              | $      | 996,600 |   |

*See      accompanying notes.*

----

**Prestige      Brands International, LLC**

**Consolidated      Statements of Operations**

***(Unaudited)***

|                                                |   | **Three                Months Ended June 30** |             |
|-----------------------------------------------------|--------|-----------------------------------------------|------------------|
| ***(In                thousands)***                 |   |                                          | **2005**         |   |   | **2004** |   |
|                                                |   |                                          | ***(Restated)*** |   |   | ***(Restated)*** |   |
| **Revenues**                                        |   |                                          |             |   |   |   |   |
| Net                sales                            |   | $                                             | 63,428           |   | $ | 58,680 |   |
| Other                revenues                       |   |                                          | 25               |   |   | 75 |   |
| Total                revenues                       |   |                                          | 63,453           |   |   | 58,755 |   |
|                                                |   |                                          |             |   |   |   |   |
| **Costs                of Sales**                   |   |                                          |             |   |   |   |   |
| Costs                of sales                       |   |                                          | 28,949           |   |   | 33,138 |   |
| Gross                profit                         |   |                                          | 34,504           |   |   | 25,617 |   |
|                                                |   |                                          |             |   |   |   |   |
| **Operating                Expenses**               |   |                                          |             |   |   |   |   |
| Advertising                and promotion            |   |                                          | 8,705            |   |   | 10,785 |   |
| General                and administrative           |   |                                          | 4,911            |   |   | 4,921 |   |
| Depreciation                                        |   |                                          | 483              |   |   | 486 |   |
| Amortization                of intangible assets    |   |                                          | 2,148            |   |   | 1,803 |   |
| Total                operating expenses             |   |                                          | 16,247           |   |   | 17,995 |   |
|                                                |   |                                          |             |   |   |   |   |
| Operating                income                     |   |                                          | 18,257           |   |   | 7,622 |   |
|                                                |   |                                          |             |   |   |   |   |
| **Other                income (expense)**           |   |                                          |             |   |   |   |   |
| Interest                income                      |   |                                          | 81               |   |   | 28 |   |
| Interest                expense                     |   |                                          | (8,591           | ) |   | (11,077 | ) |
| Loss                on extinguishment of debt       |   |                                          | --               |   |   | (7,567 | ) |
| Total                other income (expense)         |   |                                          | (8,510           | ) |   | (18,616 | ) |
|                                                |   |                                          |             |   |   |   |   |
| Income                before income taxes           |   |                                          | 9,747            |   |   | (10,994 | ) |
|                                                |   |                                          |             |   |   |   |   |
| Provision                (benefit) for income taxes |   |                                          | 3,818            |   |   | (3,902 | ) |
|                                                |   |                                          |             |   |   |   |   |
| Net                income (loss)                    |   | $                                             | 5,929            |   | $ | (7,092 | ) |

*See      accompanying notes.*

----

**Prestige      Brands International, LLC**

**Consolidated      Statement of Changes in Member’s Equity**

**and      Comprehensive Income**

**Three      Months Ended June 30, 2005**

***(Unaudited)***

|                                                                                                               |   | **Contributed****Capital****Prestige****Holdings** |    | **Accumulated****Other****Comprehensive****Income** |   |   **Retained****Earnings** |   |    **Totals** |   |
|--------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------|---------|-----------------------------------------------------|--------|--------------------------------------|--------|------------------------------|--------|
| ***(In                thousands)***                                                                                |   |                                               |    |                                                |   |                                 |   |                         |   |   |   |   |   |
| Balances                - March 31, 2005 ***(Restated)***                                                          |   | $                                                  | 370,277 |                                                | $      | 320                                  |   | $                            | 11,450 |   | $ | 382,047 |   |
|                                                                                                               |   |                                               |    |                                                |   |                                 |   |                         |   |   |   |   |   |
| Additional                costs associated with capital contributions from Prestige Brands                Holdings |   |                                               | (63     | )                                                   |   |                                 |   |                         |   |   |   | (63 | ) |
|                                                                                                               |   |                                               |    |                                                |   |                                 |   |                         |   |   |   |   |   |
| Components                of comprehensive income                                                                  |   |                                               |    |                                                |   |                                 |   |                         |   |   |   |   |   |
| Net                income for the period ***(Restated)***                                                          |   |                                               |    |                                                |   |                                 |   |                         | 5,929  |   |   | 5,929 |   |
| Unrealized                loss on interest rate cap, net of income tax benefit of                $440              |   |                                               |    |                                                |   | (685                                 | )      |                         |   |   |   | (685 | ) |
|                                                                                                               |   |                                               |    |                                                |   |                                 |   |                         |   |   |   |   |   |
| Comprehensive                income ***(Restated)***                                                               |   |                                               |    |                                                |   |                                 |   |                         |   |   |   | 5,244 |   |
|                                                                                                               |   |                                               |    |                                                |   |                                 |   |                         |   |   |   |   |   |
| Balances                - June 30, 2005 ***(Restated)***                                                           |   | $                                                  | 370,214 |                                                | $      | (365                                 | )      | $                            | 17,379 |   | $ | 387,228 |   |

*See      accompanying notes.*

----

**Prestige      Brands International, LLC**

**Consolidated      Statements of Cash Flows**

***(Unaudited)***

|                                                                                                                                |   | **Three                Months Ended June 30** |             |
|-------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------|------------------|
| ***(In                thousands)***                                                                                                 |   |                                          | **2005**         |   |   | **2004** |   |
|                                                                                                                                |   |                                          | ***(Restated)*** |   |   | ***(Restated)*** |   |
| **Operating                Activities**                                                                                             |   |                                          |             |   |   |   |   |
| Net                income (loss)                                                                                                    |   | $                                             | 5,929            |   | $ | (7,092 | ) |
| Adjustments                to reconcile net income (loss) to net cash provided by operating                activities:              |   |                                          |             |   |   |   |   |
| Depreciation                and amortization                                                                                        |   |                                          | 2,635            |   |   | 2,289 |   |
| Deferred                income taxes                                                                                                |   |                                          | 3,191            |   |   | 2,913 |   |
| Amortization                of deferred financing costs                                                                             |   |                                          | 527              |   |   | 781 |   |
| Loss                on extinguishment of debt                                                                                       |   |                                          | --               |   |   | 7,567 |   |
| Changes                in operating assets and liabilities, net of effects of purchases                of                businesses |   |                                          |             |   |   |   |   |
| Accounts                receivable                                                                                                  |   |                                          | 9,476            |   |   | 281 |   |
| Inventories                                                                                                                         |   |                                          | (5,756           | ) |   | 2,213 |   |
| Prepaid                expenses and other assets                                                                                    |   |                                          | (887             | ) |   | (5,573 | ) |
| Accounts                payable                                                                                                     |   |                                          | (3,079           | ) |   | 401 |   |
| Account                payable - related parties                                                                                    |   |                                          | --               |   |   | 934 |   |
| Accrued                expenses                                                                                                     |   |                                          | (2,224           | ) |   | 3,995 |   |
| Net                cash provided by operating activities                                                                            |   |                                          | 9,812            |   |   | 8,709 |   |
|                                                                                                                                |   |                                          |             |   |   |   |   |
| **Investing                Activities**                                                                                             |   |                                          |             |   |   |   |   |
| Purchase                of equipment                                                                                                |   |                                          | (206             | ) |   | (109 | ) |
| Purchase                of business, net of cash acquired                                                                           |   |                                          | --               |   |   | (373,250 | ) |
| Net                cash used for investing activities                                                                               |   |                                          | (206             | ) |   | (373,359 | ) |
|                                                                                                                                |   |                                          |             |   |   |   |   |
| **Financing                Activities**                                                                                             |   |                                          |             |   |   |   |   |
| Net                proceeds from the issuance of notes                                                                              |   |                                          | --               |   |   | 668,512 |   |
| Payment                of deferred financing costs                                                                                  |   |                                          | --               |   |   | (22,651 | ) |
| Repayment                of notes                                                                                                   |   |                                          | (932             | ) |   | (330,786 | ) |
| Proceeds                from capital contributions                                                                                  |   |                                          | --               |   |   | 58,487 |   |
| Additional                costs associated with initial public offering                                                             |   |                                          | (63              | ) |   | -- |   |
| Net                cash provided by (used for) financing activities                                                                 |   |                                          | (995             | ) |   | 373,562 |   |
|                                                                                                                                |   |                                          |             |   |   |   |   |
| Increase                in cash                                                                                                     |   |                                          | 8,611            |   |   | 8,912 |   |
| Cash                - beginning of period                                                                                           |   |                                          | 5,334            |   |   | 3,393 |   |
|                                                                                                                                |   |                                          |             |   |   |   |   |
| Cash                - end of period                                                                                                 |   | $                                             | 13,945           |   | $ | 12,305 |   |
|                                                                                                                                |   |                                          |             |   |   |   |   |
| **Supplemental                Cash Flow Information**                                                                               |   |                                          |             |   |   |   |   |
| Fair                value of assets acquired, net of cash acquired                                                                  |   | $                                             | --               |   | $ | 596,955 |   |
| Fair                value of liabilities assumed                                                                                    |   |                                          | --               |   |   | (223,613 | ) |
| Purchase                price funded with non-cash contributions                                                                    |   |                                          | --               |   |   | (92 | ) |
| Cash                paid to purchase business                                                                                       |   | $                                             | --               |   | $ | 373,250 |   |
|                                                                                                                                |   |                                          |             |   |   |   |   |
| Interest                paid                                                                                                        |   | $                                             | 8,051            |   | $ | 10,295 |   |
| Income                taxes paid                                                                                                    |   | $                                             | 422              |   | $ | 280 |   |

*See      accompanying notes.*

----

**Prestige      Brands International, LLC**

**Notes      to Consolidated Financial Statements**

**(In      thousands)**

| **1.** | **Business                and Basis of Presentation** |
|--------|-------------------------------------------------------|

***Nature      of Business***

***Basis      of Presentation***

***Use      of Estimates***

***Cash      and Cash Equivalents***

***Accounts      Receivable***

----

***Sales      Returns***

***Inventories***

***Property      and Equipment***

|                                  |   | **Years** |
|---------------------------------------|--------|-----------|
| Machinery                             |   | 5         |
| Computer                equipment     |   | 3         |
| Furniture                and fixtures |   | 7         |

***Goodwill***

***Intangible      Assets***

***Deferred      Financing Costs***

***Revenue      Recognition***

----

***Costs      of Sales***

***Advertising      and Promotion Costs***

***Stock-based      Compensation***

**Income      Taxes**

***Derivative      Instruments***

----

***Recently      Issued Accounting Standards***

**2.**
**Restatement      of Financial Statements**

----

**Consolidated      Statements of Operations**

|                                                    |   | **Three                Months Ended June 30, 2005** |   |
|---------------------------------------------------------|--------|-----------------------------------------------------|--------|
|  ***(In                thousands)***               |   | **Previously                Reported**              |   | **Revenue****Recognition** |   | **Cooperative****Advertising** |   | **Income****Taxes** |   |  **As                Restated** |   |
|                                                    |   |                                                |   |   |   |   |   |   |   |   |   |
| **Revenues**                                            |   |                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                sales                                |   | $                                                   | 63,530 |   | $ | 1,928 |   | $ | (2,030 | ) | $ | -- |   | $ | 63,428 |   |
| Other                revenues                           |   |                                                | 25     |   |   |   |   |   |   |   |   |   |   |   | 25 |   |
| Total                revenues                           |   |                                                | 63,555 |   |   | 1,928 |   |   | (2,030 | ) |   | -- |   |   | 63,453 |   |
|                                                    |   |                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Cost                of Sales**                        |   |                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Costs                of sales                           |   |                                                | 28,339 |   |   | 610 |   |   |   |   |   |   |   |   | 28,949 |   |
| Gross                profit                             |   |                                                | 35,216 |   |   | 1,318 |   |   | (2,030 | ) |   | -- |   |   | 34,504 |   |
|                                                    |   |                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Operating                Expenses**                   |   |                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Advertising                and promotion                |   |                                                | 10,714 |   |   | 21 |   |   | (2,030 | ) |   |   |   |   | 8,705 |   |
| General                and administrative               |   |                                                | 4,911  |   |   |   |   |   |   |   |   |   |   |   | 4,911 |   |
| Depreciation                                            |   |                                                | 483    |   |   |   |   |   |   |   |   |   |   |   | 483 |   |
| Amortization                of intangible assets        |   |                                                | 2,148  |   |   |   |   |   |   |   |   |   |   |   | 2,148 |   |
| Total                operating expenses                 |   |                                                | 18,256 |   |   | 21 |   |   | (2,030 | ) |   | -- |   |   | 16,247 |   |
|                                                    |   |                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating                income                         |   |                                                | 16,960 |   |   | 1,297 |   |   | -- |   |   | -- |   |   | 18,257 |   |
|                                                    |   |                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Other                income (expense)**               |   |                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest                income                          |   |                                                | 81     |   |   |   |   |   |   |   |   |   |   |   | 81 |   |
| Interest                expense                         |   |                                                | (8,591 | ) |   |   |   |   |   |   |   |   |   |   | (8,591 | ) |
| Total                other income (expense)             |   |                                                | (8,510 | ) |   | -- |   |   | -- |   |   | -- |   |   | (8,510 | ) |
|                                                    |   |                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income                before provision for income taxes |   |                                                | 8,450  |   |   | 1,297 |   |   | -- |   |   | -- |   |   | 9,747 |   |
|                                                    |   |                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Provision                for income taxes               |   |                                                | 4,443  |   |   | 522 |   |   |   |   |   | (1,147 | ) |   | 3,818 |   |
| Net                income                               |   | $                                                   | 4,007  |   | $ | 775 |   | $ | -- |   | $ | 1,147 |   | $ | 5,929 |   |

----

**Consolidated      Statements of Operations**

|                                                                  |   | **Three                Months Ended June 30, 2004** |                                   |
|-----------------------------------------------------------------------|--------|-----------------------------------------------------|----------------------------------------|
|  ***(In                thousands)***                             |   |                                                | **Previously                Reported** |   |   | **Revenue****Recognition** |   |   | **Cooperative****Advertising** |   |   | **As                Restated** |   |
|                                                                  |   |                                                |                                   |   |   |   |   |   |   |   |   |   |   |
| **Revenues**                                                          |   |                                                |                                   |   |   |   |   |   |   |   |   |   |   |
| Net                sales                                              |   | $                                                   | 67,682                                 |   | $ | (6,142 | ) | $ | (2,860 | ) | $ | 58,680 |   |
| Other                revenues                                         |   |                                                | 75                                     |   |   |   |   |   |   |   |   | 75 |   |
| Total                revenues                                         |   |                                                | 67,757                                 |   |   | (6,142 | ) |   | (2,860 | ) |   | 58,755 |   |
|                                                                  |   |                                                |                                   |   |   |   |   |   |   |   |   |   |   |
| **Cost                of Sales**                                      |   |                                                |                                   |   |   |   |   |   |   |   |   |   |   |
| Costs                of sales                                         |   |                                                | 36,123                                 |   |   | (2,985 | ) |   |   |   |   | 33,138 |   |
| Gross                profit                                           |   |                                                | 31,634                                 |   |   | (3,157 | ) |   | (2,860 | ) |   | 25,617 |   |
|                                                                  |   |                                                |                                   |   |   |   |   |   |   |   |   |   |   |
| **Operating                Expenses**                                 |   |                                                |                                   |   |   |   |   |   |   |   |   |   |   |
| Advertising                and promotion                              |   |                                                | 13,771                                 |   |   | (126 | ) |   | (2,860 | ) |   | 10,785 |   |
| General                and administrative                             |   |                                                | 4,921                                  |   |   |   |   |   |   |   |   | 4,921 |   |
| Depreciation                                                          |   |                                                | 486                                    |   |   |   |   |   |   |   |   | 486 |   |
| Amortization                of intangible assets                      |   |                                                | 1,803                                  |   |   |   |   |   |   |   |   | 1,803 |   |
| Total                operating expenses                               |   |                                                | 20,981                                 |   |   | (126 | ) |   | (2,860 | ) |   | 17,995 |   |
|                                                                  |   |                                                |                                   |   |   |   |   |   |   |   |   |   |   |
| Operating                income                                       |   |                                                | 10,653                                 |   |   | (3,031 | ) |   | - |   |   | 7,622 |   |
|                                                                  |   |                                                |                                   |   |   |   |   |   |   |   |   |   |   |
| **Other                income (expense)**                             |   |                                                |                                   |   |   |   |   |   |   |   |   |   |   |
| Interest                income                                        |   |                                                | 28                                     |   |   |   |   |   |   |   |   | 28 |   |
| Interest                expense                                       |   |                                                | (11,077                                | ) |   |   |   |   |   |   |   | (11,077 | ) |
| Loss                on extinguishment of debt                         |   |                                                | (7,567                                 | ) |   |   |   |   |   |   |   | (7,567 | ) |
| Total                other income (expense)                           |   |                                                | (18,616                                | ) |   | -- |   |   | -- |   |   | (18,616 | ) |
|                                                                  |   |                                                |                                   |   |   |   |   |   |   |   |   |   |   |
| Income                before provision forincome                taxes |   |                                                | (7,963                                 | ) |   | (3,031 | ) |   |   |   |   | (10,994 | ) |
|                                                                  |   |                                                |                                   |   |   |   |   |   |   |   |   |   |   |
| Income                tax benefit                                     |   |                                                | 2,826                                  |   |   | 1,076 |   |   |   |   |   | 3,902 |   |
| Net                loss                                               |   | $                                                   | (5,137                                 | ) | $ | (1,955 | ) | $ | -- |   | $ | (7,092 | ) |

----

**Consolidated      Balance Sheet**

| ***(In                thousands)***                        |   | **June                30, 2005** |                                      |
|------------------------------------------------------------|--------|----------------------------------|-------------------------------------------|
|  **Assets**                                           |   |                             | **As                Previously Reported** |   |   | **As                Restated** |   |
| Current                assets                              |   |                             |                                      |   |   |   |   |
| Cash                                                       |   | $                                | 13,945                                    |   | $ | 13,945 |   |
| Accounts                receivable                         |   |                             | 32,489                                    |   |   | 26,442 |   |
| Inventories                                                |   |                             | 27,946                                    |   |   | 30,589 |   |
| Deferred                income tax assets                  |   |                             | 6,965                                     |   |   | 6,965 |   |
| Prepaid                expenses and other current assets   |   |                             | 4,039                                     |   |   | 4,039 |   |
| Total                current assets                        |   |                             | 85,384                                    |   |   | 81,980 |   |
|                                                       |   |                             |                                      |   |   |   |   |
| Property                and equipment                      |   |                             | 2,043                                     |   |   | 2,043 |   |
| Goodwill                                                   |   |                             | 294,544                                   |   |   | 294,731 |   |
| Intangible                assets                           |   |                             | 606,465                                   |   |   | 606,465 |   |
| Other                long-term assets                      |   |                             | 14,344                                    |   |   | 14,344 |   |
|                                                       |   |                             |                                      |   |   |   |   |
| Total                Assets                                |   | $                                | 1,002,780                                 |   | $ | 999,563 |   |
|                                                       |   |                             |                                      |   |   |   |   |
| **Liabilities                and Member’s Equity**   |   |                             |                                      |   |   |   |   |
| Current                liabilities                         |   |                             |                                      |   |   |   |   |
| Accounts                payable                            |   | $                                | 18,626                                    |   | $ | 18,626 |   |
| Accrued                liabilities                         |   |                             | 10,705                                    |   |   | 9,365 |   |
| Current                portion of long-term debt           |   |                             | 3,730                                     |   |   | 3,730 |   |
| Total                current liabilities                   |   |                             | 33,061                                    |   |   | 31,721 |   |
|                                                       |   |                             |                                      |   |   |   |   |
| Long-term                debt                              |   |                             | 490,698                                   |   |   | 490,698 |   |
| Deferred                income tax liabilities             |   |                             | 89,916                                    |   |   | 89,916 |   |
|                                                       |   |                             |                                      |   |   |   |   |
| Total                liabilities                           |   |                             | 613,675                                   |   |   | 612,335 |   |
|                                                       |   |                             |                                      |   |   |   |   |
| **Member’s                Equity**                   |   |                             |                                      |   |   |   |   |
| Contributed                capital - Prestige Holdings     |   |                             | 370,214                                   |   |   | 370,214 |   |
| Accumulated                other comprehensive loss        |   |                             | (365                                      | ) |   | (365 | ) |
| Retained                earnings                           |   |                             | 19,256                                    |   |   | 17,379 |   |
| Total                member’s equity                 |   |                             | 389,105                                   |   |   | 387,228 |   |
|                                                       |   |                             |                                      |   |   |   |   |
| Total                liabilities and member’s equity |   | $                                | 1,002,780                                 |   | $ | 999,563 |   |

----

**Consolidated      Balance Sheet**

| ***(In                thousands)***                        |   | **March                31, 2005** |                                      |
|------------------------------------------------------------|--------|-----------------------------------|-------------------------------------------|
|  **Assets**                                           |   |                              | **As                Previously Reported** |   |   | **As                Restated** |   |
| Current                assets                              |   |                              |                                      |   |   |   |   |
| Cash                                                       |   | $                                 | 5,334                                     |   | $ | 5,334 |   |
| Accounts                receivable                         |   |                              | 43,893                                    |   |   | 35,918 |   |
| Inventories                                                |   |                              | 21,580                                    |   |   | 24,833 |   |
| Deferred                income tax assets                  |   |                              | 5,699                                     |   |   | 5,699 |   |
| Prepaid                expenses and other current assets   |   |                              | 3,152                                     |   |   | 3,152 |   |
| Total                current assets                        |   |                              | 79,658                                    |   |   | 74,936 |   |
|                                                       |   |                              |                                      |   |   |   |   |
| Property                and equipment                      |   |                              | 2,324                                     |   |   | 2,324 |   |
| Goodwill                                                   |   |                              | 294,544                                   |   |   | 294,731 |   |
| Intangible                assets                           |   |                              | 608,613                                   |   |   | 608,613 |   |
| Other                long-term assets                      |   |                              | 15,996                                    |   |   | 15,996 |   |
|                                                       |   |                              |                                      |   |   |   |   |
| Total                Assets                                |   | $                                 | 1,001,135                                 |   | $ | 996,600 |   |
|                                                       |   |                              |                                      |   |   |   |   |
| **Liabilities                and Member’s Equity**   |   |                              |                                      |   |   |   |   |
| Current                liabilities                         |   |                              |                                      |   |   |   |   |
| Accounts                payable                            |   | $                                 | 21,705                                    |   | $ | 21,705 |   |
| Accrued                liabilities                         |   |                              | 13,472                                    |   |   | 11,589 |   |
| Current                portion of long-term debt           |   |                              | 3,730                                     |   |   | 3,730 |   |
| Total                current liabilities                   |   |                              | 38,907                                    |   |   | 37,024 |   |
|                                                       |   |                              |                                      |   |   |   |   |
| Long-term                debt                              |   |                              | 491,630                                   |   |   | 491,630 |   |
| Deferred                income tax liabilities             |   |                              | 84,752                                    |   |   | 85,899 |   |
|                                                       |   |                              |                                      |   |   |   |   |
| Total                liabilities                           |   |                              | 615,289                                   |   |   | 614,553 |   |
|                                                       |   |                              |                                      |   |   |   |   |
| **Member’s                Equity**                   |   |                              |                                      |   |   |   |   |
| Contributed                capital - Prestige Holdings     |   |                              | 370,277                                   |   |   | 370,277 |   |
| Accumulated                other comprehensive income      |   |                              | 320                                       |   |   | 320 |   |
| Retained                earnings                           |   |                              | 15,249                                    |   |   | 11,450 |   |
| Total                member’s equity                 |   |                              | 385,846                                   |   |   | 382,047 |   |
|                                                       |   |                              |                                      |   |   |   |   |
| Total                liabilities and member’s equity |   | $                                 | 1,001,135                                 |   | $ | 996,600 |   |

----

**3.**
**Accounts      Receivable**

|                                                                                           |   | **June                30, 2005** |   | **March                31, 2005** |   |
|------------------------------------------------------------------------------------------------|--------|----------------------------------|--------|-----------------------------------|--------|
|                                                                                           |   | ***(Restated)***                 |   | ***(Restated)***                  |   |
|                                                                                           |   |                             |   |                              |   |
| Accounts                receivable                                                             |   | $                                | 26,332 |                              | $      | 36,985 |   |
| Other                receivables                                                               |   |                             | 1,251  |                              |   | 835 |   |
|                                                                                           |   |                             | 27,583 |                              |   | 37,820 |   |
| Less                allowances for discounts, returns anduncollectible                accounts |   |                             | (1,141 | )                                 |   | (1,902 | ) |
|                                                                                           |   |                             |   |                              |   |   |   |
|                                                                                           |   | $                                | 26,442 |                              | $      | 35,918 |   |

**4.**
**Inventories**

|                                       |   | **June                30, 2005** |   | **March                31, 2005** |   |
|--------------------------------------------|--------|----------------------------------|--------|-----------------------------------|--------|
|                                       |   | ***(Restated)***                 |   | ***(Restated)***                  |   |
|                                       |   |                             |   |                              |   |
| Packaging                and raw materials |   | $                                | 5,192  |                              | $      | 3,587 |   |
| Finished                goods              |   |                             | 25,397 |                              |   | 21,246 |   |
|                                       |   |                             |   |                              |   |   |   |
|                                       |   | $                                | 30,589 |                              | $      | 24,883 |   |

**5.**
**Property      and Equipment**

|                                    |   | **June                30, 2005** |   | **March                31, 2005** |   |
|-----------------------------------------|--------|----------------------------------|--------|-----------------------------------|--------|
|                                    |   |                             |   |                              |   |
| Machinery                               |   | $                                | 2,828  |                              | $      | 2,828 |   |
| Computer                equipment       |   |                             | 784    |                              |   | 771 |   |
| Furniture                and fixtures   |   |                             | 542    |                              |   | 515 |   |
| Leasehold                improvements   |   |                             | 339    |                              |   | 173 |   |
|                                    |   |                             | 4,493  |                              |   | 4,287 |   |
|                                    |   |                             |   |                              |   |   |   |
| Accumulated                depreciation |   |                             | (2,450 | )                                 |   | (1,963 | ) |
|                                    |   |                             |   |                              |   |   |   |
|                                    |   | $                                | 2,043  |                              | $      | 2,324 |   |

----

**6.**
**Intangible      Assets**

|                                         |   | **June                30, 2005** |    |
|----------------------------------------------|--------|----------------------------------|---------|
|                                         |   | **Gross**                        |    | **Accumulated** |   | **Net** |   |
|                                         |   | **Amount**                       |    | **Amortization** |   | **Amount** |   |
|                                         |   |                             |    |   |   |   |   |
| Indefinite                lived trademarks   |   | $                                | 522,346 |   | $ | -- |   | $ | 522,346 |   |
|                                         |   |                             |    |   |   |   |   |   |   |   |
| Amortizable                intangible assets |   |                             |    |   |   |   |   |   |   |   |
| Trademarks                                   |   |                             | 94,900  |   |   | (10,915 | ) |   | 83,985 |   |
| Non-compete                agreement         |   |                             | 158     |   |   | (24 | ) |   | 134 |   |
|                                         |   |                             | 95,058  |   |   | (10,939 | ) |   | 84,119 |   |
|                                         |   |                             |    |   |   |   |   |   |   |   |
|                                         |   | $                                | 617,404 |   | $ | (10,939 | ) | $ | 606,465 |   |

|                                         |   | **March                31, 2005** |    |
|----------------------------------------------|--------|-----------------------------------|---------|
|                                         |   | **Gross**                         |    | **Accumulated** |   | **Net** |   |
|                                         |   | **Amount**                        |    | **Amortization** |   | **Amount** |   |
|                                         |   |                              |    |   |   |   |   |
| Indefinite                lived trademarks   |   | $                                 | 522,346 |   | $ | -- |   | $ | 522,346 |   |
|                                         |   |                              |    |   |   |   |   |   |   |   |
| Amortizable                intangible assets |   |                              |    |   |   |   |   |   |   |   |
| Trademarks                                   |   |                              | 94,900  |   |   | (8,775 | ) |   | 86,125 |   |
| Non-compete                agreement         |   |                              | 158     |   |   | (16 | ) |   | 142 |   |
|                                         |   |                              | 95,058  |   |   | (8,791 | ) |   | 86,267 |   |
|                                         |   |                              |    |   |   |   |   |   |   |   |
|                                         |   | $                                 | 617,404 |   | $ | (8,791 | ) | $ | 608,613 |   |

| **Twelve                Months Ending June 30** |   |   |   |
|-------------------------------------------------|--------|--------|--------|
| 2006                                            |   | $      | 8,592  |   |
| 2007                                            |   |   | 8,592  |   |
| 2008                                            |   |   | 8,592  |   |
| 2009                                            |   |   | 8,592  |   |
| 2010                                            |   |   | 8,592  |   |
| Thereafter                                      |   |   | 41,159 |   |
|                                            |   |   |   |   |
|                                            |   | $      | 84,119 |   |

----

**7.**
**Long-Term      Debt**

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   | **June                30, 2005** |    | **March                31, 2005** |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------|---------|-----------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                             |    |                              |   |
| Senior                revolving credit facility (“Revolving Credit Facility”), which expires on                April 6, 2009, is available for maximum borrowings of up to $60.0                million.                The Revolving Credit Facility bears interest at the Company’s option at                either the prime rate plus a variable margin or LIBOR plus a variable                margin. The variable margin ranges from 0.75% to 2.50% and at June                30,                2005, the interest rate on the Revolving Credit Facility was 7.0%                per                annum. The Company is also required to pay a variable commitment                fee on                the unused portion of the Revolving Credit Facility. At June 30,                2005, the                commitment fee was 0.50% of the unused line. The Revolving Credit                Facility                is collateralized by substantially all of the Company’s                assets.                                                                             |   | $                                | --      |                              | $      | -- |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                             |    |                              |   |   |   |
| Senior                secured term loan facility, (“Tranche B Term Loan Facility”) bears                interest at the Company’s option at either the prime rate or LIBOR plus a                variable margin of 2.25%. At June 30, 2005, the applicable interest                rate                on the Tranche B Term Loan Facility was 5.38%. Principal payments                of $933                and interest are payable quarterly. In February 2005, the Tranche                B Term                Loan Facility was amended to increase the amount available thereunder                by                $200.0 million, all of which is available at June 30, 2005. Current                amounts outstanding under the Tranche B Term Loan Facility mature                on April                6, 2011, while amounts borrowed pursuant to the amendment will mature                on                October 6, 2011. The                Tranche B Term Loan Facility is collateralized by substantially all                of the                Company’s assets. |   |                             | 368,428 |                              |   | 369,360 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                             |    |                              |   |   |   |
| Senior                Subordinated Notes (Senior Notes) that bear interest at 9.25% which                is                payable on April 15th                and October 15th                of                each year. The Senior Notes mature on April 15, 2012; however, the                Company                may redeem some or all of the Senior Notes on or prior to April 15,                2008                at a redemption price equal to 100% plus a make-whole premium, and                on or                after April 15, 2008 at redemption prices set forth in the indenture                governing the Senior Notes. The Senior Notes are unconditionally                guaranteed by Prestige International and Prestige International’s wholly                owned subsidiaries (other than the issuer). Each of these guarantees                is                joint and several. There are no significant restrictions on the ability                of                any of the guarantors to obtain funds from their                subsidiaries.                 |   |                             | 126,000 |                              |   | 126,000 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                             |    |                              |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                             | 494,428 |                              |   | 495,360 |   |
| Current                portion of long-term debt                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                             | (3,730  | )                                 |   | (3,730 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                             |    |                              |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   | $                                | 490,698 |                              | $      | 491,630 |   |

----

| **Twelve                Months Ending June 30** |   |   |    |   |
|-------------------------------------------------|--------|--------|---------|--------|
| 2006                                            |   | $      | 3,730   |   |
| 2007                                            |   |   | 3,730   |   |
| 2008                                            |   |   | 3,730   |   |
| 2009                                            |   |   | 3,730   |   |
| 2010                                            |   |   | 3,730   |   |
| Thereafter                                      |   |   | 475,778 |   |
|                                            |   |   |    |   |
|                                            |   | $      | 494,428 |   |

**8.**
**Commitments      and Contingencies**

----

**9.**
**Equity      Incentive Plan**

**10.**
**Related      Party Transactions**

----

**11.**
**Income      Taxes**

**12.**
**Concentrations      of Risk**

**13.**
**Business      Segments**

----

|                                      |   | **Period                Ended June 30, 2005*****(Restated)*** |   |
|-------------------------------------------|--------|---------------------------------------------------------------|--------|
|                                      |   | **Over-the-Counter**                                          |   |  **Personal** |   |  **Household** |   |   |   |
|                                      |   | **Drug**                                                      |   | **Care** |   | **Cleaning** |   | **Consolidated** |   |
|                                      |   |                                                          |   |   |   |   |   |   |   |
| Net                sales                  |   | $                                                             | 33,387 |   | $ | 7,256 |   | $ | 22,785 |   | $ | 63,428 |   |
| Other                revenues             |   |                                                          | --     |   |   | -- |   |   | 25 |   |   | 25 |   |
|                                      |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |
| Total                revenues             |   |                                                          | 33,387 |   |   | 7,256 |   |   | 22,810 |   |   | 63,453 |   |
| Cost                of sales              |   |                                                          | 11,665 |   |   | 3,898 |   |   | 13,386 |   |   | 28,949 |   |
|                                      |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |
| Gross                profit               |   |                                                          | 21,722 |   |   | 3,358 |   |   | 9,424 |   |   | 34,504 |   |
| Advertising                and promotion  |   |                                                          | 6,138  |   |   | 796 |   |   | 1,771 |   |   | 8,705 |   |
|                                      |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |
| Contribution                margin        |   | $                                                             | 15,584 |   | $ | 2,562 |   | $ | 7,653 |   |   | 25,799 |   |
| Other                operating expenses   |   |                                                          |   |   |   |   |   |   |   |   |   | 7,542 |   |
|                                      |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |
| Operating                income           |   |                                                          |   |   |   |   |   |   |   |   |   | 18,257 |   |
| Other                income (expense)     |   |                                                          |   |   |   |   |   |   |   |   |   | (8,510 | ) |
| Provision                for income taxes |   |                                                          |   |   |   |   |   |   |   |   |   | (3,818 | ) |
|                                      |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |
| Net                income                 |   |                                                          |   |   |   |   |   |   |   |   | $ | 5,929 |   |

|                                     |   | **Period                Ended June 30, 2004*****(Restated)*** |   |
|------------------------------------------|--------|---------------------------------------------------------------|--------|
|                                     |   | **Over-the-Counter**                                          |   |  **Personal** |   |  **Household** |   |   |   |
|                                     |   | **Drug**                                                      |   | **Care** |   | **Cleaning** |   | **Consolidated** |   |
|                                     |   |                                                          |   |   |   |   |   |   |   |
| Net                sales                 |   | $                                                             | 29,396 |   | $ | 7,303 |   | $ | 21,981 |   | $ | 58,680 |   |
| Other                revenues            |   |                                                          |   |   |   |   |   |   | 75 |   |   | 75 |   |
|                                     |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |
| Total                revenues            |   |                                                          | 29,396 |   |   | 7,303 |   |   | 22,056 |   |   | 58,755 |   |
| Cost                of sales             |   |                                                          | 13,165 |   |   | 4,231 |   |   | 15,742 |   |   | 33,138 |   |
|                                     |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |
| Gross                profit              |   |                                                          | 16,231 |   |   | 3,072 |   |   | 6,314 |   |   | 25,617 |   |
| Advertising                and promotion |   |                                                          | 6,554  |   |   | 1,916 |   |   | 2,315 |   |   | 10,785 |   |
|                                     |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |
| Contribution                margin       |   | $                                                             | 9,677  |   | $ | 1,156 |   | $ | 3,999 |   |   | 14,832 |   |
| Other                operating expenses  |   |                                                          |   |   |   |   |   |   |   |   |   | 7,210 |   |
|                                     |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |
| Operating                income          |   |                                                          |   |   |   |   |   |   |   |   |   | 7,622 |   |
| Other                income (expense)    |   |                                                          |   |   |   |   |   |   |   |   |   | (18,616 | ) |
| Benefit                for income taxes  |   |                                                          |   |   |   |   |   |   |   |   |   | 3,902 |   |
|                                     |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |
| Net                loss                  |   |                                                          |   |   |   |   |   |   |   |   | $ | (7,092 | ) |

----

**14.**
**Subsequent      Events**

----

**ITEM      2.** **MANAGEMENT’S      DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF      OPERATIONS**

**Restatement**

**General**

----

**Quarterly      Period Ended June 30, 2005 compared to the Quarterly Period Ended June 30,      2004**

**Net      Sales**

***Over-the-Counter      Drug Segment***

***Personal      Care Segment***

***Household      Cleaning Segment***

**Gross      Profit**

***Over-the-Counter      Drug Segment***

----

***Personal      Care Segment***

***Household      Cleaning Segment***

**Contribution      Margin**

***Over-the-Counter      Drug Segment***

***Personal      Care Segment***

***Household      Cleaning Segment***

----

**General      and Administrative**

**Depreciation      and Amortization**

**Interest      Expense, net**

**Loss      on Extinguishment of Debt**

**Income      Taxes**

**Liquidity      and Capital Resources**

----

**Capital      Resources**

----

**Commitments**

|  **Contractual                Obligations** |   |  **Total** |   | **Less                than****1                Year** |   | **1                to 3****Years** |   | **4                to 5****Years** |   | **After                5 Years** |   |
|--------------------------------------------------|--------|-----------------|--------|-------------------------------------------------------|--------|------------------------------------|--------|------------------------------------|--------|----------------------------------|--------|
|                                             |   |            |   | **(in                millions)**                      |   |                               |   |                               |   |
| Long-term                debt                    |   | $               | 494.4  |                                                  | $      | 3.7                                |   | $                                  | 7.5    |                             | $      | 7.5 |   | $ | 475.7 |   |
|                                             |   |            |   |                                                  |   |                               |   |                               |   |                             |   |   |   |   |   |   |
| Interest                on long-term debt (1)    |   |            | 210.8  |                                                  |   | 31.7                               |   |                               | 62.4   |                             |   | 62.0 |   |   | 54.7 |   |
|                                             |   |            |   |                                                  |   |                               |   |                               |   |                             |   |   |   |   |   |   |
| Operating                leases                  |   |            | 1.6    |                                                  |   | 0.5                                |   |                               | 0.8    |                             |   | 0.3 |   |   | -- |   |
|                                             |   |            |   |                                                  |   |                               |   |                               |   |                             |   |   |   |   |   |   |
| Total                Contractual Obligations     |   | $               | 706.8  |                                                  | $      | 35.9                               |   | $                                  | 70.7   |                             | $      | 69.8 |   | $ | 530.4 |   |

| (1)   | Represents                the estimated interest obligations on the outstanding balance of                the                Tranche B Term Loan Facility and the outstanding balance of the Senior                Notes, together, assuming scheduled principal payments (based on                the terms                of the loan agreements) were made and assuming a weighted average                interest                rate of 6.4%. Estimated interest obligations would be different under                different assumptions regarding interest rates or timing of principal                payments. If interest rates on borrowings with variable rates increased                by                1%, interest expense would increase approximately $3.7 million, in                the                first year. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**Critical      Accounting Policies and Estimates**

***Allowance      for doubtful accounts and the allowance for obsolete and damaged      inventory***

***Valuation      of long-lived and intangible assets and goodwill***

***Revenue      Recognition***

----

**Recent      Accounting Pronouncements**

**Off-Balance      Sheet Arrangements**

**Inflation**

**Seasonality**

----

**CAUTIONARY      STATEMENT REGARDING FORWARD-LOOKING STATEMENTS**

|   | · | general                economic conditions affecting our products and their respective                markets, |
|--------|--------|----------------------------------------------------------------------------------------------------------------|

|   | · | the                high level of competition in our industry and                markets, |
|--------|--------|------------------------------------------------------------------------------------------|

|   | · | our                dependence on a limited number of customers for a large portion of                our                sales, |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------|

|   | · | disruptions                in our distribution center, |
|--------|--------|--------------------------------------------------------|

|   | · | acquisitions                or other strategic transactions diverting managerial resources, or                incurrence of additional liabilities or integration problems associated                with such transactions, |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | changing                consumer trends, pricing pressures which may cause us to lower our                prices, |
|--------|--------|-------------------------------------------------------------------------------------------------------------------|

|   | · | increases                in supplier prices, |
|--------|--------|----------------------------------------------|

|   | · | changes                in our senior management team, |
|--------|--------|-------------------------------------------------------|

|   | · | our                ability to protect our intellectual property                rights, |
|--------|--------|----------------------------------------------------------------------------------------|

|   | · | our                dependency on the reputation of our brand                names, |
|--------|--------|------------------------------------------------------------------------------------|

|   | · | shortages                of supply of sourced goods or interruptions in the manufacturing                of our                products, |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | our                level of debt, and ability to service our                debt, |
|--------|--------|-----------------------------------------------------------------------------------|

|   | · | our                ability to obtain additional financing,                and |
|--------|--------|-------------------------------------------------------------------------------|

|   | · | the                restrictions imposed by our senior credit facility and the indenture                on                our operations. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------|

**ITEM      3.** **QUANTITATIVE      AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK**

----

**ITEM      4.** **CONTROLS      AND PROCEDURES**

**Disclosure      Controls and Procedures**

*An      Audit Of Internal Control Over Financial Reporting Performed in Conjunction      With      an Audit of Financial Statements*

----

| a)   | The                Company did not maintain effective controls over the completeness                and                accuracy of revenue in accordance with the requirements of SAB No.                104.                Specifically, the Company’s controls failed to ensure that risk of loss                had passed to the customer before revenue was                recognized. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b)   | The                Company did not maintain effective controls over the classification                of                promotions and allowances in accordance with the requirements of                EITF                01-09. Specifically, the Company’s controls failed to prevent or detect                the incorrect classification of promotions and allowances as an operating                expense instead of as a reduction of                revenue. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| c)   | The                Company did not maintain effective controls over the completeness                and                accuracy of deferred income tax balances. Specifically, the Company’s                controls failed to ensure that adjustments to deferred income taxes                for                increases in graduated federal income tax rates were timely recognized                in                the Company’s financial statements. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| d)   | The                Company did not maintain effective controls over the accuracy of                the                computation of earnings per share. Specifically, the Company’s controls                failed to ensure that unvested restricted shares of common stock                were                properly considered in the computation of earnings per                share. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The                Company is enhancing its guidelines and implementing controls in                connection with the issuance of trade promotional allowances.                Additionally, the Company will provide training to employees on the                proper                accounting and documentation policies related to trade promotional                allowances and implement new policies to ensure compliance throughout                the                year. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The                Company is taking measures to enhance the controls over the selection,                application and monitoring of its accounting policies to ensure consistent                application of accounting policies that are generally accepted in                the                United States of America. The Company is also integrating reporting                lines,                increasing communication and supervision across operating and accounting                organizations, and increasing the review of existing accounting policies.                Specifically as it relates to the accounting for revenue recognition,                the                Company is changing its controls and accounting policies surrounding                the                review, analysis and recording of shipments and shipping terms with                customers, including the selection and monitoring of appropriate                assumptions and guidelines to be applied during the review and analysis                of                all customer terms. Specifically, the Company is implementing controls                over the accounting, monitoring, and analysis of all customer shipping                terms and conditions to ensure transactions are recorded consistent                with                generally accepted accounting                principles. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ·   | With                respect to the computation of earnings per share, the Company will                provide                training to employees on the proper accounting related to the proper                treatment of unvested shares in the basic and diluted                computations. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **PART                II.** | **OTHER                INFORMATION** |
|-----------------------------|--------------------------------------|

| **ITEM                1.** | **LEGAL                PROCEEDINGS** |
|----------------------------|--------------------------------------|

----

| **ITEM                2.** | **UNREGISTERED                SALES OF EQUITY SECURITIES AND USE OF                PROCEEDS** |
|----------------------------|-----------------------------------------------------------------------------------------------|

| **ITEM                3.** | **DEFAULTS                UPON SENIOR SECURITIES** |
|----------------------------|----------------------------------------------------|

| **ITEM                4.** | **SUBMISSION                OF MATTERS TO A VOTE OF SECURITY                HOLDERS** |
|----------------------------|---------------------------------------------------------------------------------------|

|                                   |   |  **For** |       |  **Withheld** |   | **Broker****Non-Votes** |   |
|----------------------------------------|--------|---------------|------------|--------------------|--------|-------------------------|--------|
|                                   |   |          |       |               |   |                    |   |
|  Peter                C. Mann     |   |          | 43,854,444 |               |   | 2,907,753               |   |   | -- |   |
|  L.                Dick Buell     |   |          | 36,568,359 |               |   | 10,193,838              |   |   | -- |   |
|  Gary                E. Costley   |   |          | 36,568,519 |               |   | 10,193,678              |   |   | -- |   |
|  David                A. Donnini  |   |          | 42,296,352 |               |   | 4,465,845               |   |   | -- |   |
|  Ronald                Gordon     |   |          | 45,782,108 |               |   | 980,089                 |   |   | -- |   |
|  Vincent                J. Hemmer |   |          | 36,467,294 |               |   | 10,294,903              |   |   | -- |   |
|  Patrick                Lonergan  |   |          | 45,840,039 |               |   | 922,158                 |   |   | -- |   |

----

|  **For** |   |  **Against** |   |  **Withheld** |   | **Broker****Non-Votes** |
|---------------|--------|-------------------|--------|--------------------|--------|-------------------------|
|          |   |              |   |               |   |                    |
| 29,967,938    |   | 16,786,058        |   | 8,201              |   | --                      |
|          |   |              |   |               |   |                    |

| **ITEM                5.** | **OTHER                INFORMATION** |
|----------------------------|--------------------------------------|

**ITEM      6. **
**EXHBITS**

|  2.1  |  Asset                Sale and Purchase Agreement, dated July 22, 2005, by and among Reckitt                Benckiser Inc., Reckitt Benckiser (Canada) Inc., Prestige Brands                Holdings,                Inc. and the Spic and Span Company, incorporated by reference to                the Form                8-K of Prestige Brands, Inc. filed on July 28, 2005, and incorporated                herein by reference to Exhibit 2.1 to the Company’s Quarterly Report on                Form 10-Q for the quarter ended June 30, 2005 filed with the Commission                on                August 9, 2005. |
|------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  10.1 |  Form                of Restricted Stock Agreement, incorporated herein by reference to                Exhibit                10.1 to the Company’s Quarterly Report on Form 10-Q for the quarter ended                June 30, 2005 filed with the Commission on August 9,                2005.                                                                                                                                                                                                                                                                                                                                  |
|  31.1 |  Rule                13a-14(a)/ 15d-14(a) Certification, executed by Peter C. Mann, Chairman                and Chief Executive Officer of Prestige Brands Holdings,                Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|  31.2 |  Rule                13a-14(a)/ 15d-14(a) Certification, executed by Peter J. Anderson,                Chief                Financial Officer of Prestige Brands Holdings, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|  31.3 |  Rule                13a-14(a)/ 15d-14(a) Certification, executed by Peter C.                Mann, Chairman and Chief Executive Officer of Prestige Brands                International, LLC.                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|  31.4 |  Rule                13a-14(a)/ 15d-14(a) Certification, executed by Peter J. Anderson,                Chief                Financial Officer of Prestige Brands International,                LLC.                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|  32.1 |  Certification                required by Rule 13a-14(b) or Rule 15d-14(b) and Section 1350 of                Chapter                63 of Title 18 of the United States Code 302 (18 U.S.C. 1350), executed                by                Peter C. Mann, Chairman and Chief Executive Officer of Prestige Brands                Holdings, Inc.                                                                                                                                                                                                                                                                                      |
|  32.2 |  Certification                required by Rule 13a-14(b) or Rule 15d-14(b) and Section 1350 of                Chapter                63 of Title 18 of the United States Code 302 (18 U.S.C. 1350) executed                by                Peter J. Anderson, Chief Financial Officer of Prestige Brands Holdings,                Inc.                                                                                                                                                                                                                                                                                                |
|  32.3 |  Certification                required by Rule 13a-14(b) or Rule 15d-14(b) and Section 1350 of                Chapter                63 of Title 18 of the United States Code 302 (18 U.S.C. 1350), executed                by                Peter C. Mann, Chairman and Chief Executive Officer of Prestige                Brands International, LLC.                                                                                                                                                                                                                                                                            |
|  32.4 |  Certification                required by Rule 13a-14(b) or Rule 15d-14(b) and Section 1350 of                Chapter                63 of Title 18 of the United States Code 302 (18 U.S.C. 1350) executed                by                Peter J. Anderson, Chief Financial Officer of Prestige Brands                International, LLC.                                                                                                                                                                                                                                                                                           |

----

**SIGNATURES**

|                                       |                                                   |                                 |
|--------------------------------------------|--------------------------------------------------------|--------------------------------------|
|                                       | **Prestige                Brand Holdings, Inc.**  |
|                                  |                                              |                            |
| Date: January                12, 2006 | By:                                          | /s/                PETER J. ANDERSON |
|                                       |                                                        |
|                                       | Title:                Chief Financial Officer     |

|                        |                                   |                  |
|-----------------------------|----------------------------------------|-----------------------|
|                        | **Prestige Brands International, LLC** |
|                   |                              |             |
| Date: January 12, 2006 | By:                          | /s/ PETER J. ANDERSON |
|                        |                                        |
|                        | Title: Chief Financial Officer         |

----