SOURCE: Alto Group Holdings, Inc.

Alto Group Holdings, Inc.

March 16, 2011 09:00 ET

Alto Group Holdings Announces Nessie N8DX Cutter Head Dredge Transported for Servicing Necessary to Operate Commercially

NEW YORK, NY--(Marketwire - March 16, 2011) - Alto Group Holdings, Inc. (OTCBB: ALTO) ("Alto Group" or the "Company"), an innovative mining and commodities trade company headquartered in New York, announces its newly purchased Nessie N8DX cutter head dredge is being transported for servicing to prepare for the anticipated production planned on Bogue River Dredge Concession in Mali, West Africa.

The Mali operations team has put together the local logistics groups needed to move this newly purchased N8DX cutter head dredge to a caterpillar certified servicing company located in Bamako Mali, West Africa. The dredge is being removed from a very remote location called Diabia which will require several days of driving in order to facilitate the relocation properly. Once this equipment arrives a complete tune up will begin to replace all hoses, belts and hydraulic fluid as the first step to position this cutter head dredge to begin commercial operation.

Management has reported that the N8DX dredge is in good condition with all major operating systems currently fully functional. The remaining processing equipment required to produce commercially will be gold recovery separation circuit. This circuit will be manufactured within the United States, shipped on location and positioned on a platform barge directly behind the dredge which will be delivering the gold bearing material to the separation circuit. This type of system has been planned order to maintain the shortest distance for the slurried material to travel during production and will allow all excess sand and gravel to be ejected behind the recovery unit. This streamlined processing will increase the efficiency of the production output planned and allow for the highest possible profit margins while maintaining minimum reclamation issues within local water ways and delicate ecosystems.

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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.

Alto Group Holdings, Inc.
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Mark Daniel Klok
President and CEO

Contact Information

  • Mark Daniel Klok
    President and CEO
    Alto Group Holdings Inc.
    245 Park Ave - 24th Floor
    New York, NY 10167