SOURCE: Alto Group Holdings, Inc.

Alto Group Holdings, Inc.

January 14, 2010 16:10 ET

Alto Group Holdings Discovers 4 New Veins With Visible Gold at Nkwanta Property in Ghana

NEW YORK, NY--(Marketwire - January 14, 2010) - Alto Group Holdings, Inc. (OTCBB: ALTO) ("Alto Group" or the "Company") today is pleased to announce the discovery of 4 new veins at the Nkwanta Concession on the Company's Alto-Ashanti Project in Ghana, West Africa.

The veins have been designated Chief, D-10, Ankobra and Scorpion respectively. The Scorpion vein indicates some historic mining as open adits have been located. Of note visible gold has been identified in samples of both the Chief Vein and the D-10 Vein. The newly discovered veins are all located within 500 meters to the northwest of the Golden Arrow Vein and may represent a package of veins associated with a regional NE-SW trending structure.

The Company has submitted over 150 samples that are pending for Au fire assay to the Laboratory and expects additional results shortly.

Currently, Alto staff and geological personnel are undertaking the gold exploration with a crew of 35 people who are sampling, mapping, excavating and trenching the various gold bearing veins. Alto Group Holdings Inc. submits samples for analytical work to Transworld Laboratories Ghana located in Tarkwa, Ghana for Au fire assay.

The Company has posted a photo gallery of surface and underground activities on our website at

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.
- - - - - - - - - - - - - - - - - -
Natalie Bannister

Contact Information

  • Contact:
    Kevin A. Mercuri
    Propheta Communications
    212-901-6914 Ext 701
    Email Contact