Melt to restate financial results because of franchise accounting switch

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

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