CONSUMER PRODUCTS
<i> Times Staff and Wire Reports</i>
HTP Admits Revenue Misstated: HTP International Inc., jolted by accusations that it booked $9 million in nonexistent sales, acknowledged for the first time that revenue for its last fiscal year has been overstated. But the extent to which sales were overstated for the year ended June 30 is still unclear, said Irwin Zucker, the company’s acting chief executive. The Anaheim maker of home entertainment furniture, speakers and other products is expected to get a full report by the end of the month from Putnam, Hayes & Bartlett, a forensic accounting firm that reconstructs financial information.
