SOURCE: Alto Group Holdings, Inc.

Alto Group Holdings, Inc.

December 06, 2010 10:00 ET

Alto Group Holdings Announces Company Concluding Negotiation to Acquire 50 Ton per Hour Rock Crushing Plant

NEW YORK, NY--(Marketwire - December 6, 2010) - Alto Group Holdings, Inc. (OTCBB: ALTO) ("Alto Group" or the "Company"), an innovative mining and commodities trade company headquartered in New York, announces company concluding negotiation to acquire a 50 ton per hour rock crushing plant.

This equipment would allow the processing of hard rock, free milling, gold baring material at a commercial rate of 50 tons per hour and this equipment has now become part of management production plans in the 1st quarter of 2011. The company's gold exploitation efforts have taken a new direction due to management's recent visit to an undisclosed hard rock gold project showing gold grades that are potentially averaging above 30 grams per ton consistently throughout the deposit. This along with other strong production targets assembled are part of a larger consolidation plan that has prompted the company to obtain this equipment. Assuming production can be established maintaining an average of 30 grams per ton, running 10 hours per day the daily output would total 500 tons or 15,000 grams of gold per day. With gold at approximately $1,400 per ounce, or 43 dollars per gram, the company could have substantial production of as much as $600,000 per day in gross gold recovery output. This amount translates to potentially over $18,000,000 dollars per month or over $216,000,000 gross per year at maximum output maintaining the production grades mentioned above. Management feels that if even 10% of this potential is realized the long term price per share of the company is undervalued considering this example represents only one of the many projects that are in the company's pipeline in 2011.

About Gold

Gold, with a chemical element symbol of AU, is a highly prized precious metal, and has been used in jewelry and coinage all throughout recorded history. It is a very dense metal, yet soft, and shiny. Gold is the most malleable metal known to man, pure gold is bright yellow and has a very attractive appeal, and because it does not oxidize in air or water it maintains its allure. Gold has many industrial uses in electronics, dentistry, and military applications just to mention a few. Nitric acid dissolves base metals and silver, but gold is insoluble in nitric acid, which is a process that is used to test the presence of gold in objects.

View of Rock Crushing Equipment

Please view the rock crushing equipment at http://www.altomines.com/pdfs/cgpe.pdf

View Company Website

Please visit the company website for details on projects at www.altomines.com

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