Guozi Zhongyu Capital Hldgs Co. (fka GZCC)

[TradeSmart.ai]

That was the old business model, “Melt Franchising LLC (hereinafter referred to as Melt (FA)) a wholly owned subsidiary was organized on February 2, 2005 under the laws of the State of Nevada. Melt (FA) is responsible for selling franchises to allow franchisee’s to own and operate stores trading under the name of Melt – gelato italiano, Melt – cafe´ & gelato bar and Melt – gelato & crepe cafe´ as well as the sale and distribution of product to franchisees, marketing and the collection of royalties. To date, Melt (FA) has sold forty-nine franchises of which nineteen are operating, seventeen agreements have been terminated by the Company as a result of the franchisee’s not securing retail space or other reasons, and thirteen have closed their operations.” Not sure entirely why they dissolved the business because there was less than $2 Mil of accumulated deficits on the books, but I guess it wasn’t as profitable as they had anticipated it was. $MLTC