Industry News | December 8, 2008

NexCen Loses Board Member

NexCen Brands, Inc. (NASDAQ: NEXC), today announced that Marvin Traub has resigned from its board of directors, effective December 4, 2008. 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.”

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