NexCen Brands Inc (fka NEXC)

[powerbattles]

The company's capital structure will be address in the coming months.

Mr. Hall concluded, “With the timely filing of our third quarter financial reports, we have reached another important milestone in our turnaround efforts. The timeliness of the filing, combined with our significantly improved financial results, demonstrates that we have achieved our immediate goals of stabilization of the Company and reporting compliance. However, we recognize that for long-term growth, viability and shareholder value, we must address the burden of our debt and the Company’s capital structure. These issues, as well as driving revenue growth, continue to be the focus of our corporate strategy in the coming months.”