NexCen Brands Franchise News

Marble Slab Creamery Franchised Stores to Open in Egypt
Great American Cookies Stores to Open in Saudi Arabia and Kuwait

NEW YORK--(BUSINESS WIRE)--NexCen Brands, Inc. (PINK SHEETS: NEXC.PK) today announced that the Company has signed an agreement with existing master developer, DRH Group Inc. BVI, for the development of four Marble Slab Creamery stores in Egypt, a new market for NexCen's franchised brands, over a five-year term. The agreement also calls for the development of 10 Great American Cookies stores in Saudi Arabia and three Great American Cookies stores in Kuwait over a 10-year term. Under separate franchise agreements, DRH Group, Inc. BVI currently operates Marble Slab Creamery stores in the United Arab Emirates, Bahrain and Kuwait and a Great American Cookies store in Bahrain...

NEW YORK --(BUSINESS WIRE)-- NexCen Brands, Inc. (PINK SHEETS: NEXC.PK) today announced that management will host a conference call and audio webcast on Monday, November 16, 2009, at 5:00 p.m. ET to discuss its financial results for the third quarter of 2009. In addition, the Company intends to file with the Securities and Exchange Commission on November 16, 2009 its Quarterly Report on Form 10-Q for the period ended September 30, 2009.

The conference call may be accessed by dialing 800-944-8766 or 317-713-0002, access code: 27689. Additionally, a webcast of the call can be accessed at http://www.nexcenbrands.com/investor.html and will be archived online shortly after the conference call until December 31, 2009. If you are unable to participate in the live conference call, a replay of the call will be available from November 17th at approximately 10:00 a...

Second Consecutive Quarter of Operating Income and Positive Cash Flow from Operations Operating Income of $1.6 Million in Second Quarter 2009 vs. Operating Loss of $113.4 Million in Second Quarter 2008 Cash Generated from Operations of $0.2 Million in Second Quarter 2009 vs. Cash Used in Operations of $1.4 million in Second Quarter 2008 Loss from Continuing Operations of ($0.01) Per Diluted Share in Second Quarter 2009 vs. ($1.99) Per Diluted Share in Second Quarter 2008 NEW YORK--(BUSINESS WIRE)--NexCen Brands, Inc. (PINK SHEETS: NEXC) today reported unaudited financial results for the second quarter of 2009, and announced that it has filed its Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2009 with the Securities and Exchange Commission (SEC)...

2008 Audited Financial Statements Contain No Material Changes to Previously Announced Results
Operating Income of $1.8 Million in First Quarter 2009 vs. Operating Loss of $2.6 Million in First Quarter 2008
Positive Cash Generated from Continuing Operations in Q109, First Time in 12 Quarters

NEW YORK--(BUSINESS WIRE)--NexCen Brands, Inc. (PINK SHEETS: NEXC.PK) today announced that it has filed its 2008 Annual Report on Form 10-K and Quarterly Report on Form 10-Q for the periods ending December 31, 2008 and March 31, 2009, respectively, with the Securities and Exchange Commission (SEC). The financial statements for these periods contain no material changes from the selected results previously announced on September 22, 2009...

NEW YORK--(BUSINESS WIRE)--NexCen Brands, Inc. (PINK SHEETS: NEXC) today announced that it has appointed Brian D. Lane as Vice President, Chief Accounting Officer. He will report to Mark Stanko, Chief Financial Officer.

Mr. Lane, 47, will be responsible for overseeing the Company's SEC reporting and corporate accounting functions as well as managing its accounting policies and procedures.

Kenneth J. Hall, Chief Executive Officer of NexCen Brands, Inc., stated, "We are very pleased to have Brian join NexCen Brands and further expand our accounting team. His many years of experience in accounting and finance combined with his leadership skills in a number of industries, including franchising, will be a strong asset to the Company...

Operating Income of $1.8 Million in First Quarter 2009 Vs. Operating Loss of $2.6 Million in First Quarter 2008 First Quarter 2009 Revenues Increased 17%, Operating Expenses Reduced 21%, with Ending Cash Balance of $8.3 Million Cash Generated From Operations of $0.4 Million in First Quarter 2009 Vs. Cash Used in Operations of $4.4 Million in First Quarter 2008 2008 Net Loss Increased Significantly from 2007 NEW YORK--(BUSINESS WIRE)--NexCen Brands, Inc. (PINK SHEETS: NEXC) today reported selected unaudited financial results for the first quarter ended March 31, 2009 and the full year ended December 31, 2008. The Company has substantially completed the preparation of its financial statements for 2008 and the first quarter of 2009 and is in the process of finalizing its accounting for certain income tax matters in order to be able to file its Quarterly Report on Form 10-Q for the first quarter of 2009 and Annual Report on Form 10-K for 2008 with the Securities and Exchange Commission...

Master Franchise Agreement Provides for 58 Stores Over 10 Years in Angola, Guinea-Bissau, Sao Tome and Principe

NEW YORK--(BUSINESS WIRE)--NexCen Brands, Inc. (PINK SHEETS: NEXC) announced today the signing of a master franchise agreement with Teixeira Development Group, an Angolan company, for the expansion of the Company's Great American Cookies®, MaggieMoo's®, Marble Slab Creamery®, Pretzelmaker®, TAF™, and Shoebox New York® brands.

The master franchise agreement calls for the development of 58 stores across the six franchised brands in Angola, Guinea-Bissau, Sao Tome and Principe over a 10-year term. These stores will be the first NexCen franchised stores in these African countries...

No Material Changes to 2007 Financial Statements
Company Provides Update on Strategic Plan, 2008 10-K and 2009 10-Q's

NEW YORK--(BUSINESS WIRE)--NexCen Brands, Inc. (PINK SHEETS: NEXC.PK) today announced that it has completed an amendment of its 2007 10-K, including restated 2007 audited financial statements, and has filed an amended Annual Report on Form 10-K/A for the fiscal year ended December 31, 2007 with the Securities and Exchange Commission.
Amendment to 2007 10-K The Company's corrections to its original 2007 financial statements are not material either individually or in the aggregate. Further, the Company's net loss per share for fiscal year 2007 remains unchanged. The aggregate effect of the restatement on the Company's Consolidated Statements of Operations for the year-ended December 31, 2007 is as follows: An increase in total revenues of $0...

Reports Selected Preliminary First Quarter 2009 Operating Results and Highlights and Announces Second Quarter 2009 Highlights

Reports Selected Preliminary Full Year 2008 Results
NEW YORK--(BUSINESS WIRE)--NexCen Brands, Inc. (PINK SHEETS: NEXC.PK) today provided a business update. The Company reported selected preliminary unaudited financial results for the first quarter of 2009, announced second quarter 2009 operational highlights and reported selected preliminary unaudited financial results for the 2008 fiscal year. The Company is in the final stages of completing its 2008 audited financial statements and 2008 Annual Report on Form 10-K, along with the previously announced restatement and amendment of its 2007 Annual Report on Form 10-K...

NEW YORK--(BUSINESS WIRE)--NexCen Brands, Inc. (PINK SHEETS: NEXC) today announced the promotion of David McDougall to Senior Vice President of QSR Operations for NexCen Franchise Management, Inc., the franchising subsidiary of NexCen Brands, Inc. He is responsible for operations, supply chain and training for the Company's five global QSR brands: Great American Cookies®, MaggieMoo's®, Marble Slab Creamery®, and Pretzelmaker®/Pretzel Time®. McDougall reports to Chris Dull, President of NexCen Franchise Management.

McDougall has over 30 years of food service experience, which includes quick and full service, specializing in operations, training, franchising and international business. Since joining the Company in August 2007, McDougall has served as Vice President of QSR Operations...

Move Positions Brand as the Second Largest Soft Pretzel Concept in the U.S. February 24, 2009 // Franchising.com // Atlanta -- NexCen Franchise Management, Inc. has announced that it will combine Pretzelmaker and Pretzel Time, its two mall-based pretzel concepts, beginning this April. The initial phase of the consolidation will aim to transition Pretzel Time locations to the Pretzelmaker name. Subsequently, most Pretzelmaker locations will be treated with a new logo and store design. The brands are managed by NexCen Franchise Management, Inc., a subsidiary of NexCen Brands, Inc.

The consolidation of Pretzel Time into Pretzelmaker will create the second largest soft pretzel brand in the U.S. with over 365 locations across 47 states and four countries outside of the U...

NEW YORK--(BUSINESS WIRE)--NexCen Brands, Inc. (NASDAQ: NEXC) today announced that it completed the sale of its Bill Blass licensing business to Peacock International Holdings, LLC on December 24, 2008 pursuant to an asset purchase agreement executed on the same day.

Under the terms of the asset purchase agreement, Peacock International purchased substantially all of the assets related to the Bill Blass licensing business for approximately $10.0 million in cash. NexCen will use the proceeds from the sale, net of certain transaction costs, to pay down the debt associated with the Bill Blass business. Rothschild Inc. acted as the financial advisor to NexCen.

In conjunction with the sale of its Bill Blass licensing business, NexCen entered into an amendment of its existing credit facility with BTMU Capital Corporation ("BTMUCC")...

NEW YORK--(BUSINESS WIRE)--NexCen Brands, Inc. (NASDAQ: NEXC), today announced that Marvin Traub has resigned from its Board of Directors, effective December 4, 2008. Mr. Traub was elected director of NexCen Brands, Inc. on May 2, 2007.

David S. Oros, Chairman of NexCen Brands stated, "Marvin brought to the Company's board a wealth of experience and insight, especially with respect to the retail and consumer goods sector. We are grateful for his sage counsel throughout his tenure and in connection with the Company's exit from its retail licensing businesses. On behalf of the board, our shareholders and employees, I thank Marvin and wish him the best."
About NexCen BrandsNexCen manages global brands, generating revenue through franchising and licensing...

Company Provides Business Update NEW YORK--(BUSINESS WIRE)--NexCen Brands, Inc. (NASDAQ: NEXC) today reported the following business update. Selected Preliminary Third Quarter Results The Company ("NexCen") reported preliminary unaudited financial results for the third quarter ended September 30, 2008. Kenneth J. Hall, Chief Executive Officer of NexCen, stated, "Revenues from continuing operations are expected to have almost doubled compared to the same period of 2007. We have reduced operating expenses and improved cash flows through the quarter. In addition, our sales pipeline of Letters of Intent and Franchise Agreements has continued to grow as the year has progressed. Overall, we are encouraged by our performance in our franchise business, despite a difficult economic environment...

Announces Executive Management Promotions and Appointments Organizational Changes Support Company's Revised Strategic Plan Focused on its Franchise Businesses
NEW YORK--(BUSINESS WIRE)--NexCen Brands, Inc. (NASDAQ: NEXC) today announced the appointment of a new Chief Financial Officer as well as several other key executive management promotions and appointments. These management changes, which primarily backfill open positions, will be critical to the organization as the Company continues to focus on strengthening and growing its core franchise business.

Mark Stanko has been appointed Chief Financial Officer of NexCen Brands, Inc. Stanko currently serves as Chief Financial Officer of NexCen's subsidiary, NexCen Franchise Management, Inc...

Multi-Year Agreements Include Opening of Minimum of 160 Stores
Global Pipeline Increases to 394 Stores

October 24, 2008 // Franchising.com // NEW YORK - NexCen Brands, Inc. (NASDAQ: NEXC) today announced that it has expanded its franchised stores internationally through the opening of 43 stores to date in 2008 outside the United States and through the entry into multi-year agreements that provide for the opening of a minimum of an additional 160 stores in eight countries. Under the new international development agreements, the Company will receive approximately $2.5 million in initial franchise fees, in addition to future franchise fees, store opening fees and monthly royalty payments over the life of the agreements.

NexCen's pipeline of letters of intent and franchise agreements for franchised stores to be opened both domestically and internationally increased to 394 stores at the end of the third quarter of 2008 versus 225 stores at the end of the second quarter of 2008...

Transaction to Raise $26 Million in Cash
NEW YORK--(BUSINESS WIRE)--NexCen Brands, Inc. (NASDAQ: NEXC) today announced that it has entered into an asset purchase agreement to sell its Waverly business to Iconix Brand Group, Inc. (NASDAQ: ICON), a diversified fashion and home brands company.

Under the terms of the agreement, NexCen will receive $26.0 million in cash and Iconix will assume certain future liabilities associated with the Waverly business. NexCen will use the proceeds from the sale to pay off all of the outstanding Waverly debt of $21.3 million. Following the repayment of this Waverly debt, the remaining sales proceeds, net of transaction expenses, will be used to pay down debt associated with NexCen's Bill Blass business...

NEW YORK--(BUSINESS WIRE)--NexCen Brands, Inc. (NASDAQ: NEXC), today announced that Jack B. Dunn IV has resigned from its Board of Directors, effective September 25, 2008. Mr. Dunn was elected director of NexCen Brands, Inc. on June 28, 2002. Since October 1995, Mr. Dunn has been chief executive officer of FTI Consulting, Inc.

David S. Oros, Chairman of NexCen Brands stated, "Jack was a valuable member of the Company's board during his tenure. We are grateful for the insightful counsel and direction he provided over the past six years. On behalf of the board, our shareholders and employees, I thank Jack and wish him well."
About NexCen BrandsNexCen manages global brands, generating revenue through franchising and licensing...

Company Provides Business Update New York--(BUSINESS WIRE)--NexCen Brands, Inc. (NASDAQ: NEXC) today reported the following business update. Preliminary Selected Second Quarter Results The Company ("NexCen") reported preliminary unaudited financial results for the second quarter ended June 30, 2008. Continuing Operations: Franchise Business NexCen expects to report revenues from continuing operations of its franchise business of approximately $12.0 million in the second quarter of 2008 compared with $4.7 million in the second quarter of 2007. Second quarter of 2008 results reflect the acquisitions completed in 2007 and the acquisitions of Shoebox New York and Great American Cookies completed in January 2008. The preliminary second quarter of 2008 results from continuing operations include: Royalty and other revenue of approximately $6...

Radiant to provide point of sale hardware and CounterPoint software to NexCen's specialty retail franchisees

ATLANTA--(BUSINESS WIRE)--Radiant Systems, Inc. (Nasdaq: RADS) announced today that NexCen Brands, Inc.(Nasdaq: NEXC) (NexCen), which owns, licenses, franchises and markets a global portfolio of well-known consumer brands, has selected the Radiant retail solution for its two specialty retail concepts, The Athlete's Foot (TAF™)and ShoeBox New York.

"We chose Radiant Systems as our technology provider because of the company's proven track record supporting large, global franchisees like The Athlete's Foot," said Paul Jones, vice president of retail operations for NexCen. "Radiant Systems also delivers an integrated inventory control and retail point of sale (POS) solution that is ideal for ShoeBox New York, our high-end, boutique brand that carries an exclusive selection of the world's most coveted designer lines...