ALTO GROUP HOLDINGS INC. Files SEC form 8-K, Change in Directors or Principal Officers

Show all filings for ALTO GROUP HOLDINGS INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for ALTO GROUP HOLDINGS INC. 16-Nov-2009Change in Directors or Principal Officers Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational p...
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Alto Group Holdings Inc. Amends Letter of Intent on Ashanti Gold Project

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Alto Group Holdings, Inc. (OTCBB:ALTO - News) (“Alto Group Holdings” or the “Company”), has announced today that the Company has amended the previously announced Letter of Intent (L.O.I.) in regards to certain mining rights in Ghana, West Africa. Alto plans to form a joint venture with the mineral rights owners, Castle Peak Mining Ltd. and will formulate a definitive Joint Venture Agreement by the end of 2009. Under the terms of the amended L.O.I. the Company shall select on or before January 31, 2010 two projects from the seven held by Castle Peak. Alto will have a 70% interest in the primary property selection and will have a 50% interest in the secondary property. The terms of the L.O.I. include exploration expenditure commitments, a schedule of cash payments and issuance of restricted shares. 2009 for property evaluation in order to select the primary and secondary acquisitions. Exploration costs of $1,500,000 for Phase 2 exploration in 2010, $1,500,000 in 2011 for phase III and $2,500,000 in 2012 for Phase IV will be made by the Company.Alto has agreed to pay for the expenses related to mineral licenses, permitting, legal fees and reporting required to maintain the projects in good standing with the Ghana ministry and mineral commission. The Company will be utilizing the existing infrastructure of Castle Peak ...
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Alto Group Holdings Inc. Appoints New President and C.E.O

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Alto Group Holdings, Inc. (OTCBB: ALTO - News) (“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, Compan...
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ALTO GROUP HOLDINGS INC. Financials

PERIOD ENDING31-May-0928-Feb-0930-Nov-0831-Aug-08Total Revenue -   -   -   -  Cost of Revenue -   -   -  0  Gross Profit -   -   -  (0)Operating ExpensesResearch Development -   -   -   -  Selling General and Administrative7  13  9  7  Non Recurring -   -   -   -  Others -   -   -   -  Total Operating Expenses -   -   -   -  Operating Income or Loss(7)(13)(9)(7)Income from Continuing OperationsTotal Other Income/Expenses Net -   -   -   -  Earnings Before Interest And Taxes(7)(13)(9)(7)Interest Expense -   -   -   -  Income Before Tax(7)(13)(9)(7)Income Tax Expense -   -   -   -  Minority Interest -   -   -   -  Net Income From Continuing Ops(7)(13)(9)(7)Non-recurring EventsDiscontinued Operations -   -   -   -  Extraordinary Items -   -   -   -  Effect Of Accounting Changes - ...
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ALTO GROUP HOLDINGS INC. Financials

Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...
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ALTO GROUP HOLDINGS INC. Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION. This section of this report includes a number of forward-looking statements that reflect our current views with respect to future events and financial performance. Forward-looking statements are often identified by words like: believe, expect, estimate, anticipate, intend, project and similar expressions, or words which, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements, which apply only as of the date of this report. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or our predictions. PLAN OF OPERATION We are a start-up, exploration stage corporation and have not yet generated or realized any revenues from our business activities. Our auditors have issued a going concern opinion. This means that there is substantial doubt that we can continue as an on-going business for the next twelve months unless we obtain additional capital to pay our bills. This is because we have not generated any revenues and no revenues are anticipated until we begin removing and selling minerals. Our success or failure will be determined by the success of exploration activities and commercial viability of extraction and sales of minerals. To meet our need for cash we must raise money in order to operate. If we find mineralized material and it is economically feasible to remove the mineralized material, we will have to raise additional money through a subsequent private placement, public offering or through loans. We do not presently have enough money to conduct exploration activities. Currently we have to find alternative sources of capital, like a second public offering, a private placement of securities, or loans from our directors, officers or others. Our officers and directors may be unwilling to make any commitment to loan us any money exc...
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ALTO GROUP HOLDINGS INC. Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION. This section of this report includes a number of forward-looking statements that reflect our current views with respect to future events and financial performance. Forward-looking statements are often identified by words like: believe, expect, estimate, anticipate, intend, project and similar expressions, or words which, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements, which apply only as of the date of this report. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or our predictions. PLAN OF OPERATION We are a start-up, exploration stage corporation and have not yet generated or realized any revenues from our business activities. Our auditors have issued a going concern opinion. This means that there is substantial doubt that we can continue as an on-going business for the next twelve months unless we obtain additional capital to pay our bills. This is because we have not generated any revenues and no revenues are anticipated until we begin removing and selling minerals. Our success or failure will be determined by the success of exploration activities and commercial viability of extraction and sales of minerals. To meet our need for cash we must raise money in order to operate. If we find mineralized material and it is economically feasible to remove the mineralized material, we will have to raise additional money through a subsequent private placement, public offering or through loans. We do not presently have enough money to conduct exploration activities. Currently we have to find alternative sources of capital, like a second public offering, a private placement of securities, or loans from our directors, officers or others. Our officers and directors may be unwilling to make any commitment to loan us any money exc...
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Alto Group Holdings Inc. Commissions Compliance Report on Alto-Ashanti Gold Project in Ghana, West Africa

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Alto Group Holdings, Inc. (OTCBB:ALTO - News) (“Alto Group” or the “Company”), pleased to announce that the Company has commissioned a report on the Alto-Ashanti Gold Project in Ghana comprised of 7 gold concessions of approximately 200 sq. kms. Standards of Disclosure for Mineral Projects. The Instrument is a codified set of rules and guidelines for reporting and displaying information related to mineral properties.The report will be authored by Dr. Allan P. Juhas, Ph.D. who has joined the Company in the capacity of a consultant. Mr. Juhas holds an H.B.Sc. and a Ph.D. in Economic Geology from University of Manitoba with extensive domestic and international experience in mineral economics, project and property evaluations, program design and supervision, generative reconnaissance through definition stage exploration and management in all facets of the minerals exploration industry. Dr. Juhas is considered a “Qualified Person” (Q.P.) under 43-101. A Qualified Person, in the spirit of the National Instrument, is required to be a reputable professional who is knowledgeable of the mineral property concerned, and who has sufficient experience and qualifications to make the statements which are made within the report.The Alto-Ashanti Gold Project indicates the potential for a near surface, open pit gold operation in ...
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Alto Group Holdings Inc. Discovers Visible Gold in Veins at Alto-Ashanti Project, Ghana

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Alto Group Holdings, Inc. (OTCBB:ALTO - News) (“Alto Group” or the “Company”), pleased to announce that a significant hard rock vein discovery has been made at the Alto-Ashanti Project in Ghana. Alto has commissioned a sampling program at the Alto-Ashanti Gold Project located in Ghana, West Africa across 7 concessions totaling 199.69 sq. km (77.10 sq. miles) in the Ashanti Gold Belt. During the course of the traversing of the large concessions, a surface vein system has been discovered. The quartz vein up to 2 meters in width is currently being excavated by primitive mining methods by African local miners. A site visit has confirmed the presence of visible gold in the vein and the Company has implemented underground blasting to acquire fresh rock for gold assays.The vein may trend for over 2km across a well defined linear ridge. Of interest to geologists is that the volcanic host rock contains fine disseminated arsenopyrite, a mineral common to gold deposits. Samples of both host rock and vein material are being sent to the assay lab in Accra for analysis.The Company has named this the “Golden Arrow Zone” and it is rapidly becoming a priority target for immediate exploration, evaluating and diamond drilling. The hard rock potential of these 7 concessions are not well explored and the potential exists for other vein...
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Alto Group Holdings Inc. Reports Alto-Ashanti Project Timely as Gold Reaches Record Highs

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Alto Group Holdings, Inc. (OTCBB: ALTO - News) (“Alto Group” or the “Company”), today reports that the Alto-Ashanti Project in Ghana is timely as skyrocketing gold prices surpassed $1,072 per ounce. Commodities in general have made strong gains with gold prices leading the rally as the U.S. dollar index made new contract lows. The push to new record highs is a sign of a lack of confidence in the state of the dollar and perhaps the underlying economy overall. Gold has traditionally been a hedge against inflation and some predictions are for an inflationary trend in the near future. Gold prices have tripled in value since 2001. Gold has taken leadership among the commodities as the fate of the dollar has taken a major turn for the worse in recent weeks. So far this year, the decline in the dollar has been relatively steady, and if this trend continues, the price of gold could make significant moves to higher, record territory.Gold continued strong today and is priced over $1058 per ounce as investors seem to be reacting to the weak U.S. dollar and ongoing concerns about inflation and has gained more than 20% this year. A weak U.S. dollar makes commodities that are priced in dollars, such as gold and oil, less expensive for investors who are purchasing in other currencies. Gold is also being supported by fears that government ...
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