HARRISON, N.Y., May 31, 2016 /PRNewswire/ -- MGT
Capital Investments, Inc. (NYSE MKT: MGT) today provided a
commentary from the Company's proposed Executive Chairman and Chief
Executive Officer, John McAfee.
On Sunday afternoon May 29th, Mr.
McAfee, conceded the Libertarian Party nomination for President of
the United States to former
New Mexico Governor Gary Johnson. Throughout his nearly yearlong
campaign, Mr. McAfee continually highlighted issues of privacy,
security and cyber threats that confront people across the globe.
He provoked dialog on the technology people welcome into their
homes, vehicles and pockets to provide convenience and enrichment,
but also open a gateway for major threats to privacy and
security.
As a successful entrepreneur and cybersecurity pioneer, Mr.
McAfee is best known for creating the McAfee anti-virus software
suite which has been installed on over a billion computers
worldwide since its introduction. He is also credited with being an
early developer of instant messaging with his company Tribal
Voice.
"So many problems in the world can be easily fixed with common
sense and a good grasp of the technology that people use daily, as
long as we monitor the vulnerabilities caused by these same
technologies. I see my upcoming new role as CEO of an
exciting new cybersecurity company as paramount to that mission,"
Mr. McAfee said at the Libertarian National Convention in
Orlando, Florida.
"As Chief Executive of MGT, I will lead a team to aggressively
develop technology platforms, software, hardware and components
designed to protect people and their freedoms. Under the technical
leadership of the Company's proposed Chief Technology Officer, Eric
'Eijah' Anderson, we will be laser focused on bringing these
technologies to market."
"It is my life's work," McAfee concluded. "I fully expect that
we will leave an even greater and longer lasting impact than the
company I created in the 1980's."
As previously announced, MGT has executed asset purchase
agreements to acquire certain technology and assets
from D-Vasive Inc., a provider of leading edge anti-spy
software, and Demonsaw LLC, a provider of a secure and anonymous
file sharing software platform. In conjunction with the
anticipated acquisitions, the Company also announced the proposed
appointment of John McAfee as
Executive Chairman and Chief Executive Officer upon closing of the
transactions. Further, MGT Capital also intends to change its
corporate name to John McAfee Global Technologies, Inc. Closing is
contingent on customary conditions including approval by MGT's
stockholders.
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 execution of an asset purchase
agreements to acquire certain technology and assets
from D-Vasive Inc., a provider of leading edge anti-spy
software, and Demonsaw LLC, a provider of a secure and anonymous
file sharing software platform. In conjunction with the
anticipated acquisitions, the Company also announced the proposed
appointment of John McAfee as
Executive Chairman and Chief Executive Officer upon closing of the
transactions. Further, MGT Capital also intends to change its
corporate name to John McAfee Global Technologies, Inc. Closing 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.
Investor Contact
Garth Russell
Managing Director
KCSA Strategic Communications
grussell@kcsa.com
212.896.1250
Logo -
http://photos.prnewswire.com/prnh/20130409/NY91046LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/proposed-mgt-ceo-john-mcafee-comments-on-presidential-bid-and-cyber-technology-300276831.html
SOURCE MGT Capital Investments, Inc.