TEMECULA, Calif., Aug. 9 /PRNewswire-FirstCall/ -- Melt Inc. (BULLETIN BOARD: MLTC) Management is pleased to report the following for the six months ending June 30, 2006:
* $1,202,021 in total revenues representing a 106% increase compared to
$581,558 in the prior fiscal year.
* $119,824 loss from operations representing a 79.5% decrease compared to
the loss of $581,558 in the prior fiscal year.
* $1,294 net loss representing a 99.5% decrease compared to loss of
$263,200 in the prior year.
Management is pleased to report the following for the three months ending June 30, 2006:
* $626,699 in total revenues representing a 132% increase compared to
$271,107 in the prior fiscal year.
* $14,175 loss from operations representing a 85% decrease compared to
the loss of $96,717 in the prior fiscal year.
* $116,068 net profit compared to loss of $170,345 in the prior year.
We are extremely happy with these results especially after generating revenue increases of 253% for 2005 as compared to 2004.
Melt -- gelato & crepe cafes offer 32 flavors of authentic Italian gelato and sorbetto, delicious sweet and savoury French crepes, smoothies made from 100% crushed fruit, and rich-brewed Italian specialty coffee. The company's gelato, which includes flavors such as Banana Caramel Praline, Tiramisu, White Chocolate Raspberry, Tequila Lime, Pomegranate, and Acai (palm berries from the Amazon Jungle), is made with 100 percent natural ingredients. Best of all, gelato has far less air content than premium ice cream and contains much less fat, resulting in an end product that is softer and smoother in texture.
"Not only do we offer quality products, we strive on providing our customers with a unique purchase experience, one that they will always remember," Barwin said. "Our wide selection of gelato made from authentic old-world Italian recipes, friendly and knowledgeable staff, a feeling of being in Italy makes Melt a place where people want to visit."
A 'Cool' Opportunity
Melt Gelato & crepe cafes offer a tremendous franchise opportunity, ideal for individuals who have strong business management skills, a positive attitude, and a desire to become part of some thing very exciting.
Melt began selling franchises in June 2005. As of June 30, 2006, the company had three corporate owned and six franchise-owned stores in Southern California. Before the end of the year Melt expects to have stores open in Northern California, Arizona, Nevada, Missouri, Ohio, Florida, Connecticut and New Jersey and. In 2007 we expect to have stores open in Washington, Louisiana, New York, Massachusetts, Illinois and Georgia.
"Our concept is the result of years of business experience, a desire to create something new and different, and a dedication to providing quality products and services," said Barwin. "Our strategy is simple; provide the customer with a unique purchase experience by offering a quality product, together with a unique marketing approach in an enormous market that is in need of something new."
"We are extremely happy with the direction of our business and have now solidified the infrastructure to allow us to grow at a strong pace in the years ahead," added Barwin. "Our business model has proven to be very successful for our franchisees; our customers love our products and the total experience they get when they enter a Melt cafe. Our team is highly motivated and excited to capture the tremendous business opportunity that lies ahead for us."
"Starbucks made Italian coffee a staple in North America, one day we hope to make gelato (Italian ice cream) as main stream to ice cream as Starbucks did to coffee," said Barwin.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Statements in this news release, which are not purely historical, are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this news release include statements regarding management's belief that: Melt will grow at a strong pace in years ahead, that by the end of the year and/or in 2007 Melt will have stores opened in Northern California, Arizona, Nevada, Missouri, Ohio, Florida, Connecticut, New Jersey, Washington, Louisiana, New York, Massachusetts, Illinois and Georgia. It is important to note that actual outcomes and Melt's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties such as Melt's ability to sell further franchises, the success by Melt of the sales of its products, the impact of competitive products on the sales of Melt's products, the ability of Melt to control operating costs, general administrative and other expenses, and insufficient investor interest in Melt's securities which may impact on Melt's ability to raise additional financing as required. Readers should also refer to the risk disclosures outlined in Melt's quarterly reports on Form 10-QSB, annual reports on Form 10-KSB and Melt's other disclosure documents filed from time-to-time with the Securities and Exchange Commission.
To find out more about Melt, Inc. (BULLETIN BOARD: MLTC) , visit our Web site at http://www.meltgelato.com/
Contact: Clive Barwin, Melt Inc.
President, Chief Executive Officer
