NexCen Brands Reports Selected Preliminary Third Quarter Operating Results and Highlights
NexCen Brands, Inc. (NASDAQ: NEXC) today reported the following business update.
Selected Preliminary Third Quarter Results
The Company (“NexCen”) reported preliminary unaudited financial results for the third quarter ended September 30, 2008. Kenneth J. Hall, Chief Executive Officer of NexCen, stated, “Revenues from continuing operations are expected to have almost doubled compared to the same period of 2007. We have reduced operating expenses and improved cash flows through the quarter. In addition, our sales pipeline of Letters of Intent and Franchise Agreements has continued to grow as the year has progressed. Overall, we are encouraged by our performance in our franchise business, despite a difficult economic environment.”
Original post by no@spam.com (Maxamillion Blick)