2009-11-09 15:36:04 -
Alto Group Holdings, Inc. (OTCBB: ALTO) (“Alto Group” or the “Company”), is pleased to announce that the Company has appointed Mr.
Mark Daniel Klok as President and Chief Executive Officer.
Mr. Klok has over a decade of experience in a variety of mining exploration projects in both base metals and precious metals. He is versed in all aspects of exploration and
mining having had a successful career in the exploration and development of gold and other minerals in Africa, Mexico, Columbia, Peru, and projects in North and South America.
Mr. Klok has served in a consulting capacity and as an officer and director of numerous public and private companies. Mr. Klok will be actively involved in the development of the Company’s African mineral holdings and will be personally overseeing the upcoming Phase 1 evaluation program. Based in New York, Mr. Klok will be the liaison for the Company with Alto’s joint venture partners regarding ongoing corporate development of the Alto-Ashanti Gold Project.
As previously announced, the Company at its Alto-Ashanti Gold Project has begun to evaluate the “Golden Arrow Zone” which is rapidly becoming a priority target for immediate exploration, evaluating and diamond drilling. In related events, Mr. Lee Rice will remain on the Board as a Director.
Mr. Dale Paisley, Company Director, states: "The appointment of Mr. Klok as director and President of the Company is an important step in the early stage development of Alto and our African venture. To have an individual with Mr. Klok's knowledge and background of the Alto-Ashanti Project to head the Company's ongoing strategy in exploration and mining will be extremely beneficial. Mr. Klok is exceptionally well-qualified for this role and we will continue to build a strong management team to support him and Company."
Pertinent requisite details of these appointments will shortly be filed as part of the Company’s continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission’s (“SEC”) IDEA database (formerly EDGAR).
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.Dale Paisley, Director949-644-1433
