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Melt Inc. (MLTC) news stock charts

Melt Inc. (MLTC/MLTC.OB) Investment Summary:

Melt, Inc., through its subsidiaries, franchises retail gelato bars and quick casual restaurants under the ‘Melt-gelato italiano’, ‘Melt–café & gelato bar’, and ‘Melt gelato and crepe café’ names. The company sells gelato, sorbetto, crepes, paninis, salads, smoothies, coffee, sodas, and other food related products to the franchise owned and operated stores. As of December 31, 2007, it had 12 franchise owned and operated stores in Arizona, California, Connecticut, Illinois, Massachusetts, and Ohio. The company was founded in 2003 and is based in Temecula, California.
www.meltgelato.com
Founded in 2003

MELT INC (MLTC:OTC Bulletin Board Market)

LAST $0.05 USD
CHANGE TODAY 0.00 0.00%
VOLUME 0.0
As of 8:10 PM 03/12/10 All times are local (Market data is delayed by at least 15 minutes).

Snapshot of MELT INC (MLTC)

OPEN
$0.05
PREVIOUS CLOSE
$0.05
DAY HIGH
$0.05
DAY LOW
$0.05
52 WEEK HIGH
10/23/09 - $0.15
52 WEEK LOW
05/18/09 - $0.04
MARKET CAP
1.1M
AVERAGE VOLUME 10 D
2.7K
EPS TTM
--
SHARES OUTSTANDING
21.3M
MLTC Does Not Pay Dividends
P/E TTM
--
K = Thousands  M = Millions  B = Billions

Key developments for MELT INC (MLTC)

Melt Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2009

Melt Inc. reported earning results for the second quarter ended June 30, 2009. For the period, the company reported net income of $63,844, up from $34,530 net loss for the same quarter the previous year.

Melt Inc Seeks Financing

Melt Inc. said in Form 10-Q filed with Securities and Exchange Commission (SEC), We anticipate that additional funding will be required in the form of equity financing from the sale of our common stock. At this time, we cannot provide investors with any assurance that we will be able to raise sufficient funding from the sale of our common stock or through a loan from our directors to meet our obligations over the next twelve months. We do not have any arrangements in place for any future debt or equity financing. It added, We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to stockholders.

Melt Inc. Auditor Raises 'Going Concern' Doubt

Melt Inc. filed its 10-K on April 02, 2009 for the period ending December 31, 2008. In this report its auditor, H J & Associates, LLC, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Melt Inc. financial resources

otc, otcbb, pinksheet, MLTC, ob Melt Inc.

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Industry Analysis

Valuation MLTC Industry Range
Price/Earnings 26.0x
Price/Sales 1.3x
Price/Book NM Not Meaningful
Price/Cash Flow 138.1x
TEV/Sales -- Not Meaningful

MLTC

MLTC transactions

Type
Date
Target
No transactions in the last 6 months.

More Recent Financial News About Melt Inc.

MELT INC Files SEC form 10-K, Annual Report

Quote: The decrease is due to the sale and disposal of equipment during the year. During the year ended December 31, 2008, we paid $415,000 in management fees to Chill, Inc., a related party company owned and operated by the management of Melt, compared to $100,000 paid to Brandon Barwin, $24,000 accrued to Clive Barwin and $26,500 in management fees to Chill, Inc. for the year ended December 31, 2007. As of December 1, 2007, all employees of Melt were transferred to the employment of Chill, Inc. and t...
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MELT INC Files SEC form 10-Q, Quarterly Report

Quote: All references to "US$" refer to United States dollars and all references to "common shares" refer to the common shares in our capital stock. As used in this quarterly report, the terms "we", "us", "our", "our company" and "Melt" mean Melt Inc. and our wholly owned subsidiaries Melt (California) Inc. and Melt Franchising LLC. The term "Melt CA" refers to Melt (California) Inc. and the term "Melt Franchising"...
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MELT INC Files SEC form 10-Q, Quarterly Report

Quote: All references to "US$" refer to United States dollars and all references to "common shares" refer to the common shares in our capital stock. As used in this quarterly report, the terms "we", "us", "our", "our company" and "Melt" mean Melt Inc. and our wholly owned subsidiaries Melt (California) Inc. and Melt Franchising LLC. The term "Melt CA" refers to Melt (California) Inc. and the term "Melt Franchising"...
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