SOURCE: Alto Group Holdings, Inc.

Alto Group Holdings, Inc.

April 29, 2010 08:00 ET

Alto Group Holdings Announces Start of Work Program in Mexico

NEW YORK, NY--(Marketwire - April 29, 2010) -  Alto Group Holdings, Inc. (OTCBB: ALTO) ("Alto Group" or the "Company") announces the departure of its Chief Operating Officer, Robert Barry Howie to begin work program assessment on the Mexican project.

Upon arriving in Mexico, Mr. Howie will be consulting with an independent geologist which will collaborate in the exploration in Mexico. This group will be developing a work program to expedite the next phase of work to further the exploration efforts on the mining Property Zuna. Once this work program is in place Mr. Howie's team will begin work on Zuna to further define the potential resource. The Zuna property is situated on top of a newly discovered ring fracture and has significant potential of becoming a major Gold and Silver deposit. During the exploration work and sampling taking, a qualified geologist shall be present to compile data to complete an NI 43-101 geological report.

Mr. Howie brings a lifetime of technical experience, having started his career in mining over 30 years ago. From 1964 to 2006, Robert has worked at various mining companies such as Wilder and Associates, Scepter Resources Ltd. and Mexican Hunter S.A. de C.V and in various countries such as Australia, Mexico, USA, Costa Rica and West Africa. Mr. Howie's technical expertise includes mine planning, design and layout (underground, open pit and dredging), hard-rock mining plant fabrication and installation, placer mining plant fabrication and operation, and geophysical survey design and execution. Robert's management experience includes ground acquisition, exploration program planning and managing large work-forces in foreign countries.

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with petroleum exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the most recent fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

ON BEHALF OF THE BOARD
Alto Group Holdings, Inc.
- - - - - - - - - - - - - - - - - -

Mark Daniel Klok

President and CEO

Contact Information

  • Contact:
    Kevin A. Mercuri
    Propheta Communications
    212-901-6914 Ext. 701
    Email Contact