NEW YORK, NY--(Marketwire – October 28th, 2010) - Alto Group Holdings, Inc. (ALTO.OB) ("Alto Group" or the "Company") an innovative mining and commodities trade company headquartered in New York announces gold market conditions and production mandate.
President and CEO Mark Daniel Klok stated “With the world concerned with fiat currencies, devaluations and growing depreciation of the U.S. dollar these trending characteristics continue to identify gold as an alternative safe haven investment capable of strong upside value and assets in which Americans and the global community alike ultimately is placing their confidence and investment capital into daily. I feel that there is major potential for a large rise in gold value in the longer term if the U.S. Dollar resumes showing weakness and its continued decline. The potential exists for gold to rise possibly as high as $1,500 or even $2,000 in the near term as gold continues its uptrend and more of the investing public moves its dollars toward emerging gold exploration and near term production companies.”
Management has issued a mandate to its operations team to deploy personal to handpicked high grade gold prospect locations, complete final mine plans and begin production with the next 60 days.
Additionally Mark Daniel Klok stated, “I have personally made previous gold production attempts under extreme conditions, failed partnerships, mechanical failure and the 2008 Guinean coup d'état. Despite these harsh experiences and in the face of public scrutiny I have taken the last 6 months to carefully regroup, assemble a capable operations team and I’m proud to announce that we are going to produce gold and complete a series of strategic acquisitions over the next 60 days.”
“Noli sinere nothos te opprimere”
Please visit the company website for details on projects at www.altomines.com
ON BEHALF OF THE BOARD Alto Group Holdings, Inc. - - - - - - - - - - - - -
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