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. The Company�s Quick Service Restaurant (QSR) division, which is comprised of Marble Slab Creamery, MaggieMoo�s, Pretzel Time, Pretzelmaker and Great American Cookies, has opened 22 new independently owned and operated franchised stores year to date outside the United States, exclusive of the new agreements. Marble Slab Creamery and MaggieMoo�s have entered into a new development agreement that calls for 40 stores to be opened in the United Kingdom over 10 years, which will be these brands� first expansion into Europe. Marble Slab also has entered into an agreement that calls for 35 stores to be opened in Mexico over 20 years and an agreement that calls for five stores to be opened in Lebanon over seven years, the first of which opened in September 2008. Pretzelmaker signed an agreement that provides for 15 stores to be opened in Mexico over 15 years, and Great American Cookies signed a development agreement that provides for 30 stores to be opened in Mexico over 15 years. This is the first international agreement for Great American Cookies since NexCen purchased the brand. NexCen�s Retail division, which is comprised of The Athlete�s Foot (TAF) and Shoebox New York, has opened 21 new independently owned and operated franchised stores year to date outside the United States, exclusive of the new agreements. TAF recently signed agreements that call for 10 stores to be opened in Angola over 10 years and for three stores to be opened in Botswana and Namibia over 10 years. Shoebox New York signed its first international agreement to open a minimum of 20 stores in South Korea over 25 years, followed by the signing of an agreement to open two stores in Vietnam over 15 years. The first Shoebox New York store in Vietnam is slated to open in Hanoi in December 2008. �We are very pleased to have secured an opportunity to further increase our brands� reach outside the United States with the signing of these new international development agreements,� stated Kenneth J. Hall, Chief Executive Officer of NexCen Brands. �We believe that our franchise brands offer products and value that are attractive to an international audience. Importantly, customizable merchandising systems on the retail side and co-branding options with our QSR brands are helping to drive international expansion in both established and emerging markets.� �Since our announcement in the first quarter of 2008 on the execution of the agreement to open 10 TAF stores in Sweden over 10 years, we have seen the rate of execution of international deals increase significantly,� stated Chris Dull, President of NexCen Franchise Management, the franchising subsidiary of NexCen Brands. �We believe that by focusing on the franchising business as the core business of the Company, we are able to better support our franchise brands and capitalize on their significant growth potential.� About NexCen Brands NexCen manages global brands, generating revenue through franchising and licensing. The Company currently owns seven franchised brands. Two sell retail footwear and accessories (The Athlete�s Foot and Shoebox New York), and five are quick service restaurants (Marble Slab Creamery, MaggieMoo�s, Pretzel Time, Pretzelmaker, and Great American Cookies). We also currently own and license the Bill Blass consumer products brand. Forward-Looking Statement Disclosure This press release contains �forward?looking statements,� as such term is used in the Securities Exchange Act of 1934, as amended. Such forward?looking statements include those regarding expected cost savings, expectations for the future performance of our brands or expectations regarding the impact of recent developments on our business. When used herein, the words �anticipate,� �believe,� �estimate,� �intend,� �may,� �will,� �expect� and similar expressions as they relate to the Company or its management are intended to identify such forward?looking statements. Forward?looking statements are based on current expectations and assumptions, which are subject to risks and uncertainties. They are not guarantees of future performance or results. The Company's actual results, performance or achievements could differ materially from the results expressed in, or implied by, these forward?looking statements. Factors that could cause or contribute to such differences include: (1) international development agreements may not result in the actual opening of the stores provided for under those agreements, which could negatively impact anticipated franchise fees, store opening fees and monthly royalty payments over the life of the agreements; (2) economic conditions may deteriorate in international and domestic markets, which could negatively impact the sale or operations of new and existing franchise stores; (3) we depend on the success of our franchisees to develop and grow our franchise systems both domestically and internationally; (4) we and/or our franchisees may not be successful in operating or expanding our brands or integrating them into an efficient overall business strategy, (5) our marketing, licensing and franchising concepts and programs may not result in increased revenues, expansion of our franchise network or increased value for our trademarks and franchised brands, (6) other factors discussed in our filings with the Securities and Exchange Commission. The Company undertakes no obligation to update or revise any forward?looking statements, whether as a result of new information, future events or otherwise.