AndhraNews.net
Home » Business News » 2011 » April » April 13, 2011

Alto Group Holdings Announces Approval of Bogue Gold Project's License Extension


April 13, 2011 - NEW YORK, NY

Alto Group Holdings, Inc. (OTCBB: ALTO) (OTCQB: ALTO) ("Alto Group" or the "Company"), an innovative mining and commodities trade company headquartered in New York, has received approval from the Ministry of Mines of Mali, West Africa, on its application for an additional extension of 10 kilometers of land holdings within the Bogue gold project.

This approval now marks the consolidation of a total of 20 kilometers of gold rich land within the Bogue gold project and increases the Company's property size by 100%, which will add long-term sustainability to the existing production plans. Additionally, management is pleased to show that the company has been growing and accumulating its assets rapidly and moving the licensing status of all of these projects toward its commercial production plans previously mentioned.

View Bogue Gold Project Information: www.altomines.com/bogue.html

Sign up for Direct News: http://www.altomines.com/email.html

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.

- - - - - - - - - - - - -

Mark Daniel Klok

President and CEO

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1577956

Add to Digg Bookmark with del.icio.us Add to Newsvine

CONTACT:
Alto Group Holdings, Inc.
245 Park Ave - 24th Floor
New York, NY 10167
www.altomines.com
212-803-8187

MarketWire

Comment on this story

Share