HARRISON, N.Y., June 13, 2016 /PRNewswire/ -- MGT Capital
Investments, Inc. (NYSE MKT: MGT) today announced the appointment
of Roger Ver as the Chairman of the
Company's newly formed "Cryptocurrency Advisory Board", effective
immediately. The Cryptocurrency Advisory Board will ensure
that MGT remains current in the protection of this critical field
and provide the most state of the art products to its
customers.
Ver was an early investor in Bitcoin currency and his venture
MemoryDealers.com, a website that sells discounted computer parts,
was the first mainstream business to accept bitcoins as payment. He
has since helped seed approximately a dozen different businesses
involving bitcoin and actively promotes the currency, earning him
the nickname the "Bitcoin Jesus."
Over the past several years, Ver has made notable bitcoin-based
charitable donations. In December
2013, he donated 1,000 bitcoins (valued at more than
$1 million at the time), the largest
Bitcoin donation at the time, to the Foundation for Economic
Education. Most recently, Ver made headlines by offering U.S.
presidential candidate Bernie
Sanders $100,000 in the form
of a bitcoin donation to be made in his name to a charity if he
would engage in a debate with Iraq War veteran and talk show host
Adam Kokesh.
"Roger and I both understand that cryptocurrencies are here to
stay and that the greatest risk to cryptocurrency users is the
uneven security surrounding these currencies. Even the most
experienced Bitcoin user, for example, risks financial loss if a
clever hacker targets them. Key loggers and screen capture spyware
– which can easily be planted on mobile device or laptops by simply
visiting a website, among other simple means of infiltration – can
override most security features of existing wallets. If these types
of cyber threats are not remedied, the world risks financial chaos
as cryptocurrencies are widely adopted," said John McAfee, proposed Executive Chairman and
Chief Executive Officer of MGT Capital.
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.