HARRISON, N.Y., May 16, 2016 /PRNewswire/ -- MGT Capital
Investments, Inc. (NYSE MKT: MGT) reported today a cybersecurity
industry outlook provided by John
McAfee, the Company's proposed Executive Chairman and Chief
Executive Officer. In conjunction with his appointment, MGT
also recently announced the acquisition of certain technology and
assets from D-Vasive, Inc., a provider of leading edge anti-spy
software. The Company has also entered into a consulting agreement
with Future Tense Secure Systems, Inc., a technology incubator with
investments in other privacy and security applications, and an
ownership interest in a technology incubator, Round House LLC.
In the past week, Mr. McAfee provided the keynote speeches at
the Rocky Mountain Information Security Conference in Denver and at the Hack Miami Conference. "On a
global level, people everywhere have become truly dependent on
technology more so than anything else in the last 100 years.
As this dependency increases so does the threat of vulnerability.
It's something that I've seen in small business and in world
governments. Through my new company, John McAfee Global
Technologies (MGT) we are going to work vigorously on finding
vulnerabilities in every avenue possible." (As previously
disclosed, MGT Capital intends to change its corporate name to John
McAfee Global Technologies, Inc. upon closing of the
transaction.)
Mr. McAfee took the stage at the Hack Miami Conference with Eric
"Eijah" Anderson, the founder and creator of Demonsaw, a
decentralized cross platform information sharing application.
Mr. Anderson, formerly a lead developer with Rock Star Games
and American Express, introduced the Android version of his highly
acclaimed software platform. Demonsaw is secure, anonymous
and free, with end to end encryption without utilizing client P2P.
Demonsaw, LLC is one of the cybersecurity focused companies in Mr.
McAfee's Future Tense portfolio.
"I am truly committed to MGT and the technology company pipeline
within Round House and Future Tense as the natural continuation of
my life's work. Cybersecurity and privacy are important extensions
of people's freedom, and I plan to make this Company into the world
powerhouse in the field," McAfee said in a statement on his Twitter
feed.
About MGT Capital Investments, Inc.
MGT and its subsidiaries are principally engaged in the business
of acquiring, developing and monetizing intellectual property
assets. MGT's portfolio currently includes social casino and gaming
platforms, and ownership stakes in DraftDay.com, a top daily
fantasy sports wagering platform and DraftDay Fantasy Sports, Inc.
operator of an online entertainment marketing and rewards
platform.
MGT also recently announced the acquisition of certain
technology and assets from D-Vasive Inc., a provider of leading
edge anti-spy software. In conjunction with the acquisition,
The Company also announced the proposed appointment of John McAfee as Executive Chairman and Chief
Executive Officer. Further, MGT Capital also intends to
change its corporate name to John McAfee Global Technologies, Inc.
Closing of the acquisition is contingent on customary conditions
including approval by MGT's stockholders.
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.