SOURCE: Alto Group Holdings, Inc.

Alto Group Holdings, Inc.

December 17, 2010 09:01 ET

Alto Group Holdings Announces Acquisition of Commercial Dredge for Gold Production

NEW YORK, NY--(Marketwire - December 17, 2010) - Alto Group Holdings, Inc. (OTCBB: ALTO) ("Alto Group" or the "Company"), an innovative mining and commodities trade company headquartered in New York, announces, the company completes acquisition of Nessie N8DX cutter head dredge for commercial gold production at a rate of 100 yards per hour.

When using a conservative average grade of 1 gram ($43 dollars) of gold per yard, operating 100 yards per hour, 12 hours per day during a 30-day period should give you a production rate of 36,000 grams or $1,548,000 in gross cash flow monthly. These figures can yield over $9,000,000 in annual cash flow based on extracting 50% of the proposed production rates mentioned above and management is very excited about obtaining this valuable piece of extraction equipment.

Placer gold deposits in rivers occur during long periods of time, draining streams in gold mining areas feed gold rich sediments eroded from the country rocks into rivers systems which contain massive amounts of gold throughout the world. These river valleys are host to many levels of sedimentary terraces that contain gold bearing material which with today's technology can be successfully extracted at very economical rates with no chemical processes needed.

This Nessie N8DX cutter head dredging equipment will allow the extraction of targeted gold rich sedimentary deposits with the proper recovery circuits being placed behind the main dredge for a seem less production assembly line.

About Bogue River Project
Please view the Bogue river project: http://www.altomines.com/bogue.html

View of Dredging Equipment
Please view the dredging equipment at http://www.altomines.com/dredge.html

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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.
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Mark Daniel Klok

President and CEO

Contact Information

  • Contact:
    Mark Daniel Klok
    801-816-2520