HARRISON, N.Y., June 17, 2016 /PRNewswire/ -- MGT
Capital Investments, Inc. (NYSE MKT: MGT) today announced the
appointment of Steve Orenberg, a
long-time executive in the Internet and cyber security industry, as
the Chairman of the Company's newly formed Emerging Large Scale
Technology Advisory Board (ELSTAB), effective
immediately.
Orenberg is currently serving as the President and CEO of
EdgeWave, a cyber security company delivering innovative, effective
and efficient security solutions across the full spectrum of
business and government organizations. Most notably, Orenberg spent
the past 10 years as the President of Kaspersky Lab, Inc., where he
founded the company's North American operation and grew it into a
$160 million plus concern. Orenberg's
leadership grew Kaspersky into the position of number one vendor
partner in corporate and government enterprise client security
software. Previously, Orenberg was President of the internet
security companies Sophos, Inc., NetGuard and Dr. Solomon's
Software, which was acquired by Network Associates (now Intel
Security) in 1998.
"Steve is exactly the person I have been looking for to advise
us on the intricate field of securing critical large scale cyber
systems and their increasing connection to, and dependence on
mobile devices. Steve and I both understand that the anti-virus
paradigm is finished and that a new paradigm must be developed,"
said John McAfee, proposed Executive
Chairman and Chief Executive Officer of MGT Capital. "We are
honored that Steve has agreed to head up our new ELSTAB."
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.