HARRISON, N.Y., March 19, 2015 /PRNewswire/ -- MGT Capital
Investments, Inc. (NYSE MKT: MGT) announced today that its Rapid
Fire mobile app has received release approval by Apple's iTunes
App Store. Details can be found at
www.draftday.com/app and the game can be downloaded beginning
today. DraftDay Rapid Fire presents a new and exciting way to
play daily fantasy sports while on the go. Players will enjoy all
their favorite fantasy sports with Rapid Fire, including
professional and college football, baseball, basketball, golf and
hockey.
Two variations are offered: Rapid Fire and Rapid Fire Max.
Winning prizes range from roughly double the entry fee to nearly 20
times. Both versions will challenge and reward the skill of casual
fantasy sports fans, in addition to number-crunching
enthusiasts. Current DraftDay players can log in using their
existing accounts and new users will experience quick signup to an
industry leading platform.
Robert Ladd, Chief Executive
Officer of MGT, stated, "We are very pleased to expand our presence
in the mobile space with today's iOS app. This fun, fast, and
exciting game style is highly accessible, addressing the time
constraints of many players in the daily fantasy space."
About MGT Capital Investments, Inc.
MGT Capital and
its subsidiaries operate social and real money gaming sites online
and in the mobile space, including ownership of the 3rd largest
daily fantasy sports wagering platform, www.DraftDay.com. The
Company also offers games of skill through www.MGTplay.com and
social casino games with SlotChamp™, and also operates an
online portal for fantasy sports news and commentary,
www.FantasySportsLive.com. MGT also launched Daily Fantasy
Legend in partnership with Facebook to become the First Daily
Fantasy Platform on Social Media. In addition, the Company
owns intellectual property relating to slot machines and has
asserted its claims via patent infringement lawsuits.
Forward-looking Statements
This press release contains
forward-looking statements. The words or phrases "would be," "will
allow," "intends to," "will likely result," "are expected to,"
"will continue," "is anticipated," "estimate," "project," or
similar expressions are intended to identify "forward-looking
statements." MGT's financial and operational results reflected
above should not be construed by any means as representative of the
current or future value of its common stock. All information set
forth in this news release, except historical and factual
information, represents forward-looking statements. This includes
all statements about the Company's plans, beliefs, estimates and
expectations. These statements are based on current estimates and
projections, which involve certain risks and uncertainties that
could cause actual results to differ materially from those in the
forward-looking statements. These risks and uncertainties include
issues related to: rapidly changing technology and evolving
standards in the industries in which the Company and its
subsidiaries operate; the ability to obtain sufficient funding to
continue operations, maintain adequate cash flow, profitably
exploit new business, license and sign new agreements; the
unpredictable nature of consumer preferences; and other factors set
forth in the Company's most recently filed annual report and
registration statement. Readers are cautioned not to place undue
reliance on these forward-looking statements, which reflect
management's analysis only as of the date hereof. The Company
undertakes no obligation to publicly revise these forward-looking
statements to reflect events or circumstances that arise after the
date hereof. Readers should carefully review the risks and
uncertainties described in other documents that the Company files
from time to time with the U.S. Securities and Exchange
Commission.
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SOURCE MGT Capital Investments, Inc.