FOR IMMEDIATE RELEASE:

NexCen Brands, Inc. Promotes Jerry Slover to Vice President of Development

Move Aligns Franchise Development Initiatives with Real Estate and Construction

ATLANTA--(BUSINESS WIRE)--Nov. 9, 2009-- NexCen Brands, Inc. today announced the promotion of Mr. Jerry Slover to Vice President of Development, NexCen Franchise Management, Inc. Under Mr. Slover's direction, the Company’s franchise sales and development initiatives will now be aligned with real estate and construction under one department.

Mr. Slover, 39, has over 21 years of retail experience, including apparel and footwear. Since joining NexCen in November 2006, Mr. Slover most recently served as Vice President of Design, Construction & Real Estate and has held numerous positions of increasing responsibility within the Company. Since 1993, Mr. Slover worked with TAF™, previously known as The Athlete’s Foot®, and held various managerial roles in sales, training, construction and real estate. He began his career with KG Retail, Inc, a Colorado based men’s clothing company where he was responsible for training programs for 40 corporate owned stores as the Area Training Manager.

Kenneth J. Hall, Chief Executive Officer of NexCen Brands, Inc., stated, “We are delighted to recognize Jerry’s hard work and leadership capabilities with this well-deserved promotion. In his new role, he will be responsible for driving domestic sales via site-driven real estate opportunities using a more holistic approach, as well as maintaining past successful development initiatives. We look forward to building on the overall strength of our team and speed to market through this enhanced alignment of development, real estate and construction.”

Chris Dull, President of NexCen Franchise Management, Inc., the franchising subsidiary of NexCen Brands, stated, “Jerry’s long tenure and excellent track record with NexCen made him the perfect choice for this position. Our success depends on ensuring that we are capturing the best opportunities on behalf of our franchise systems and the experience Jerry brings in sales, construction and development makes him a critical part of the development team.”

About NexCen Brands, Inc.

NexCen Brands, Inc. is a strategic brand management company with a focus on franchising. It owns a portfolio of franchise brands that includes two retail franchise concepts: TAF™ and Shoebox New York®, as well as five quick service restaurant (QSR) franchise concepts: Great American Cookies®, MaggieMoo's®, Marble Slab Creamery®, Pretzelmaker® and Pretzel Time®. The brands are managed by NexCen Franchise Management, Inc., a subsidiary of NexCen Brands.