NexCen Brands Appoints Chief Accounting Officer

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. We look forward to Brian's contributions as we
continue to enhance our financial reporting processes."

Mr. Lane has 25 years of experience in finance and accounting. He served for
seven years as Chief Financial Officer of Blimpie International, Inc.,
franchisor of quick service restaurant brands. Most recently, he served as Chief
Accounting Officer of Altisource Portfolio Solutions, a newly public company for
which Mr. Lane was instrumental in completing its spin-off from Ocwen Financial
Corporation. Prior to that, he was Controller, Credit Cards for CompuCredit
Corporation, a specialty financial services company, where he oversaw the
financial operations of four of its five operating segments and simplified
processes within the organization. Earlier in his career, Mr. Lane progressed to
Senior Manager during his 11 years at Ernst & Young. Mr. Lane is a Certified
Public Accountant and holds a bachelors degree in Accounting from the University
of Georgia.

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.

FD
Leigh Parrish/Stephanie Rich
212-850-5600

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