NEXCEN BRANDS SCHEDULES THIRD QUARTER 2007 EARNINGS CONFERENCE CALL FOR NOVEMBER 8, 2007 AT 5:00 P.M. EST

NEW YORK, October 31, 2007 – /PRNewswire-FirstCall via COMTEX News Network/ -- NexCen Brands, Inc. (Nasdaq: NEXC) ("NexCen") today announced that it has scheduled the release of its third quarter 2007 financial and operating results for the close of market trading on November 8, 2007.

NexCen will host a conference call at 5 p.m. EST on November 8, 2007. On the call, Robert W. D'Loren, President and CEO of NexCen, David Meister, CFO, and James Haran, Executive Vice President of M&A & Operations, will discuss the Company's third quarter results, and review operational highlights and other business developments. The Company invites you to participate on the call at the following telephone numbers:

1-800-922-9655 (domestic)
1-973-935-2407 (international)

The access code for all callers is 9394284. The call will also be available via webcast at http://www.nexcenbrands.com. Please allow extra time prior to the call to visit the site and to download any necessary software to listen to the Internet broadcast. An online archive of the webcast will be available on the Company's website for 30 days following the call. A replay of the call will be available from November 8, 2007 at 6:30 p.m., EST, through November 23, 2007 at 12 p.m., EST. To access the replay, please call 1-877-519-4471 (domestic) or 1-973-341-3080 (international) and enter the following code: 9394284

About NexCen Brands, Inc. (http://www.nexcenbrands.com)

NexCen Brands, Inc. is the premier 21st century vertically integrated global brand acquisition and management company focused on assembling a diversified portfolio of intellectual property-centric companies operating in the consumer branded products and franchise industries. The Company owns, licenses, franchises and markets a growing portfolio of consumer and franchise brands including The Athlete's Foot(R), Bill Blass(R), MaggieMoo's(R), Marble Slab Creamery(R), Pretzel Time(R), and Pretzelmaker(R) and Waverly(R). The Company licenses and franchises its brands to a network of leading retailers, manufacturers and franchisees that includes every major segment of retail distribution from the luxury market to the mass market in the U.S. and in over 50 countries around the world, and consists of more than 1,500 franchised stores. NexCen, through its information technology, franchisee support systems and advertising, marketing and public relations team, markets its brands to continually drive greater consumer awareness and brand equity for each of its brands. NexCen touches nearly every aspect of a consumer's lifestyle from the food they eat to the furnishings in their homes and the clothes and footwear they purchase. This document is available on the KCSA Worldwide Website at www.kcsa.com.

Company Contact:
NexCen Brands, Inc.
Lori Henchel - Director of Marketing
(212) 277-1111
lhenchel@nexcenbrands.com

Investor Relations:
KCSA Worldwide
Jeffrey Goldberger
(212) 896-1249
jgoldberger@kcsa.com
SOURCE NexCen Brands, Inc.