NEW YORK, NY -- (Marketwire) -- 08/02/11 -- Alto Group Holdings, Inc. (OTCBB: ALTO) ('Alto Group' or the 'Company'), an innovative mining and commodities trade company headquartered in New York, announces the Geological team completes its site visit within Mexico to evaluate the La Cienega Properties.
The company has recently had Geologists Mr. Lee Rice and Mr Douglas McFarland visit the La Cienega projects to complete a review of the work being conducted on site.
Geologist Mr. Douglas McFarland is quoted as saying, 'Garcia-Garcia concessions, which Alto is has under contract, produced promising gold showings and have an excellent potential for one or more highly profitable placer operations; however, due to the extreme temperature (125 to 135F ) during late July and August, I recommend that operations be put on hold until the weather fools off in late September or October.'
Management is currently adjusted its focus to the completion of the SRK proposed study on the Excelsior mine and the development work on the Los Tres Machos and Zuna.
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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
Alto Group Holdings Inc.
245 Park Ave - 24th Floor
New York, NY 10167