NexCen Brands, Inc. is a brand management company that owns and manages a portfolio of seven franchised brands. Five of the Company’s brands (Great American Cookies, Marble Slab Creamery, MaggieMoo’s, Pretzel Time and Pretzelmaker) are in the quick service restaurant (QSR) industry. The other two brands (The Athlete’s Foot and Shoebox New York) are in the retail footwear and accessories industry. All seven franchised brands are managed by NexCen Franchise Management, Inc. (NFM), a wholly owned subsidiary of NexCen Brands. On October 3, 2008, the Company sold the Waverly brand in the home goods industry. On December 24, 2008, it sold the Bill Blass brand in the apparel industry.