HARRISON, N.Y., June 10, 2016 /PRNewswire/ -- MGT Capital
Investments, Inc. (NYSE MKT: MGT) today announced the formation of
a Hacker Advisory Board to help steer the Company's technology in
the ever changing field of cyber security threats. The founding
members of the board will be comprised of world renowned hackers
Chris Roberts, Bryce Case and Alexander
Heid. Each board member comes with unparalleled insight into
the types of threats the Company aims to combat through its
acquisition and evolution of cybersecurity technology.
"Alexandre Fichet, designer of
the first bank vault safe famously stated 'No one unschooled in the
art of picking locks can design and build a decent safe.' It is
with this principle in mind that we have enlisted world renowned
hackers to advise in the development of our cybersecurity
technology through our Hacker Advisory Board," said John McAfee, proposed Executive Chairman and
Chief Executive Officer of MGT Capital. "We intend to leverage
their talents to ensure MGT gains a clear advantage in the evolving
landscape as new classes of cyber threats are identified."
"The knowledge and experience of our three founding board
members will help us to achieve our goals in providing absolute
security to every individual and corporate entity that uses our
products," concluded McAfee.
Chris Roberts is a highly
respected white hat Hacker who gained national attention last year
by hacking into the entertainment system of a United Airlines plane
and proving the linkage between the entertainment control system
and flight control system. Roberts is also the founder of
One World Labs, a Denver-based company that empowers
organizations to continually improve their cybersecurity defenses.
After leaving OWL, Roberts joined Sentinel Global as a computer and
network security consultant.
Bryce Case, better known as
YTCracker, was exposed to computers by his father and
mother, learning to program BASIC from age 4, and is a computer
security professional most known for his high profile defacements
of various government websites in the early 2000s. Since then, he
has maintained close ties with the hacker community at large, and
founded the grey-hat web board DigitalGangster.com. Case has
consulted and performed penetration testing for businesses of all
sizes, and has made regular appearances in the media explaining
tactics used by hackers. Currently, Case runs a "celebrity
cyber bodyguard" firm known as the Faction, protecting high-profile
clients from unwanted intrusions and leaks.
Alexander Heid is the founder of
HackMiami, the premier resource in South
Florida for highly skilled hackers that specialize in
vulnerability analysis, penetration testing, digital forensics, and
all manner of information technology and security. Members of
HackMiami are on the cutting edge of vulnerability research and
regularly make presentations at international hacking conferences
around the world (Defcon, HOPE, OWASP AppSec, Hacker Halted).
Heid's specialties include digital crime intelligence analysis,
application security auditing, network vulnerability analysis,
penetration testing, and malware reversal. Much of the research he
has participated in is frequently featured at national industry
conferences and within mainstream media.
About MGT Capital Investments, Inc.
MGT Capital
Investments, Inc. (NYSE MKT: MGT) is in the process of acquiring a
diverse portfolio of cyber security technologies. With cyber
security industry pioneer, John
McAfee, at its helm, MGT Capital is positioned to address
various cyber threats through advanced protection technologies for
mobile and personal tech devices, including tablets and smart
phones. The Company is currently in the process of acquiring
D-Vasive, a provider of leading edge anti-spy software, and
Demonsaw, a provider of a secure and anonymous file sharing
software platform.
MGT Capital intends to change its corporate name to "John McAfee
Global Technologies, Inc." upon closing of the D-Vasive
transaction.
For more information on the Company, please visit
http://ir.stockpr.com/mgtci.
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
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SOURCE MGT Capital Investments, Inc.