SOURCE: Alto Group Holdings, Inc.

Alto Group Holdings, Inc.

April 05, 2011 09:30 ET

Alto Group Holdings Announces CEO Departs for Mexico to Conclude Equipment Purchase

NEW YORK, NY--(Marketwire - April 5, 2011) - Alto Group Holdings, Inc. (OTCBB: ALTO) ("Alto Group" or the "Company"), an innovative mining and commodities trade company headquartered in New York, announces CEO departs for Mexico to conclude equipment purchase.

With the escrow now broken on the recently announced 10 million dollar private placement offering, management has concluded the full payment of a CAT 330B excavator and a CAT 446B Loader/Backhoe required to begin bulk sampling and small scale production on the La Cienega project. The company looks to have the equipment on site next week and finally have this long awaited project operational.

View Project Information: www.altomines.com/lacienega.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

  • Alto Group Holdings, Inc.
    245 Park Ave - 24th Floor
    New York, NY 10167
    www.altomines.com
    212-803-8187