NexCen Brands, Inc. (NexCen) 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. NexCen Franchise Management, Inc. (NFM), a wholly owned subsidiary of NexCen Brands, manages all seven brands. NexCen franchises network, across all of its brands, consists of approximately 1,700 retail stores in 38 countries. Through its seven franchised brands, the Company franchises a system of retail stores and licensed branded products that are distributed primarily through franchised retail stores. Additionally, the Company manufactures and supplies cookie dough and other products to its Great American Cookies franchisees.