SOURCE: Alto Group Holdings, Inc.

Alto Group Holdings, Inc.

January 20, 2011 11:04 ET

Alto Group Holdings Announces Application Completed to Increase Bogue River Gold Property

NEW YORK, NY--(Marketwire - January 20, 2011) - Alto Group Holdings, Inc. (OTCBB: ALTO) ("Alto Group" or the "Company"), an innovative mining and commodities trade company headquartered in New York, announces management has completed the necessary application to increase the concessions license on the Bogue river gold project. This increase encompasses an additional 10 kilometers which will consolidate the property's total size to 20 kilometers of length in Mali, West Africa.

Management recently completed the necessary steps to increase our existing license size an additional 10 kilometers in length under Mali mining code before commercial production plans can begin within this gold-prolific area. Once completed this event will increase the property size by 100% and give longer term sustainability to the company's planned gold production of rich gold bearing material located within this land later this year.

About Bogue Concession
Please view the Bogue river project information at: http://www.altomines.com/bogue.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.

Contact Information

  • ON BEHALF OF THE BOARD
    Alto Group Holdings, Inc.
    Mark Daniel Klok
    President and CEO
    212-803-8187

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