NexCen Brands Inc. (Nasdaq: NEXC), owner of the Bill Blass brand, has entered into a licensing agreement with Peerless Clothing in preparation for the re-launch of the Bill Blass Mens Collection of tailored clothing. The new collection is being designed by Michael Bastian, the creative director for Bill Blass Menswear. Michael is a nominee for the CFDA (Council of Fashion Designers of America) Menswear Designer of the Year award.

The team we are assembling to create the Bill Blass Mens Collection is a perfect example of how we are executing our business strategy, said NexCen CEO Robert W. DLoren. The incredibly talented Michael Bastian joined us in July to design the entire Mens Collection. We are now teaming with Peerless to provide Michael with the premier supplier and distributor of mens tailored clothing in North America. With Michaels design talent and Peerless high quality production, the re-launch of Bill Blass Menswear is shaping up to be an extraordinary event.

Peerless will produce mens tailored clothing, including suits, sport coats, trousers, overcoats, raincoats, and tuxedoes. The collection will be marketed to luxury specialty stores in North America and select international accounts. The initial term of the agreement is from April 2008 through the end of 2013, with an additional five-year renewal option.

We are excited about this creative collaboration with Michael Bastian to re-launch the Bill Blass Mens Collection, said Alvin Segal, CEO & Chairman of Peerless Clothing. We look forward to our partnership with NexCen.

Bill Blass Holding Company was acquired by NexCen Brands in February 2007. The mens line is being re-launched under Mr. Blass original concept of creating clothing that stands for Timeless Style Modern American fashion, as interpreted by Michael Bastian.

About