FDLeigh ParrishStephanie Rich2128505600 Copyright Business Wire 2009

NEW YORK(Business Wire)NexCen Brands, Inc. (NASDAQ: NEXC) today announced that the Nasdaq Listing andHearing Review Council (the "Listing Council") has withdrawn its call for reviewand stay of delisting associated with the September 2, 2008 decision of theNasdaq Listing Qualifications Panel. As a result, Nasdaq has notified theCompany that its common stock will be suspended from trading on The Nasdaq StockMarket effective at the opening of trading on January 13, 2009. The Company plans to request on Monday, January 12, 2009 that the Nasdaq Boardof Directors reconsider the Listing Councils decision and reinstate the stay ofdelisting, so that the Companys common stock would continue to be traded on TheNasdaq Stock Market.

However, there can be no assurances that the Companysrequest will be granted within a specified time or at all. The Company anticipates that its common stock will be eligible for quotation onPink OTC Markets, formerly known as the Pink Sheets. Accordingly, if the NasdaqBoard of Directors does not reconsider the Listing Councils decision and permitthe Companys common stock to continue to be traded on The Nasdaq Stock Market,the Company expects that its common stock will become eligible for quotation onthe Pink OTC Markets on Tuesday morning, January 13, 2009 under the tradingsymbol NEXC.pk. Separately, the Company also received an additional Staff Determination noticeon January 6, 2009 from Nasdaq that the Company no longer complies with NasdaqMarketplace Rules 4350(e) and 4350(g) due to its inability to solicit proxystatements and hold an annual meeting of stockholders for the fiscal year endedDecember 31, 2007 by December 31, 2008.

Nasdaqs delisting decision relates to the ongoing delays in the Companysfiling of its periodic reports. At this time, the Company continues toanticipate that it will complete these filings with the SEC by the end of thefirst quarter of 2009. About NexCen BrandsNexCen is a strategic brand management company that currently owns sevenfranchised brands. Two sell retail footwear and accessories (The Athletes Footand Shoebox New York), and five are quick service restaurants (Marble SlabCreamery, MaggieMoos, Pretzel Time, Pretzelmaker, and Great American Cookies). The Companyundertakes no obligation to update or revise any forwardlooking statements,whether as a result of new information, future events or otherwise.FDLeigh Parrish/Stephanie Rich212-850-5600 Copyright Business Wire 2009. LAS VEGAS, Jan. 9 /PRNewswire-USNewswire/ To assist the Middle East peaceprocess, Rael, founder of the Raelian Movement of some 70,000 members in 104countries, recently launched Operation Jewish Gandhi, which calls uponIsraelis to adopt Palestinian orphans and raise them as Muslims."It's the only way to show the path for peace and prevent the destruction ofIsrael," Rael said, adding that because of Israel's attack on Gaza and theresulting civilian deaths especially those of children the RaelianMovement is increasing its efforts on behalf of peace in the region, includingpromoting the adoption of Palestinian orphans by Israelis.