LAGUNA HILLS Calif. Melt Inc., operator or franchisor of 16 Melt Gelato & Crepe Cafe locations, said Thursday it would restate financial results for the second and third quarters of 2006 to revise its accounting for franchise-fee revenue recognition and related income. The change - which will allow Melt to recognize franchise fees as income only when the franchisee commences operations, rather than its previous standard of recognizing the revenue when the franchisee signed an ...
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Contact: Desiree Torres Desiree.Torres@penton.com