NEW YORK, NY -- (Marketwire) -- 06/20/11 -- Alto Group Holdings, Inc. (OTCBB: ALTO) ('Alto Group' or the 'Company'), an innovative mining and commodities trade company headquartered in New York, announces the company has signed a lease to rent corporate housing and maintain full-time offices within Mali, West Africa.
This new corporate housing and office location is required to allow the company the ability to setup and run operations within the country from a centralized location. Currently the company has reduced our staff on location for the next 90 days until the following season work program begins. Mr. Michael Watson will now return to the U.S. after remaining on location during the last 7 months completing the permitting process required on the Bogue River Dredge Concession.
Additionally, Management would like to take this opportunity to thank Mr. Watson for remaining on location until the completion of the Bogue River permitting was approved by the ministry of mines. Despite difficulties earlier this year Mr. Watson tirelessly worked to progress this project to the next level and management looks forward to Mr. Watson's return to the United States after a job well done.
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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