NexCen to Open Athlete’s Foot Stores in Mississippi

ATLANTA — NexCen Brands, Inc. has entered into a definitive agreement with a veteran apparel retailer to open 20 of The Athlete's Foot (TAF) franchises throughout the state of Mississippi. These TAF stores will be the first in the state.

Financial terms of the agreement were not disclosed, and the retailer has not been named at this time. However, the arrangement calls for a minimum of 12 new TAF stores to be opened within the next five years. The first store is expected to open in December 2007.