HARRISON, N.Y.,
June 23, 2016
/PRNewswire/ -- MGT Capital
Investments, Inc. (NYSE MKT: MGT) today
announced that it expects to file its Preliminary Schedule 14A
Proxy Statement with the Securities and Exchange Commission ("SEC")
by June 30, 2016. The Proxy Statement
will provide information to stockholders for voting upon the
Company's announced acquisitions of D-Vasive and
Demonsaw, as well as the election of John McAfee as Executive Chairman of the Board
and CEO, along with other proposals. Subject to SEC review, and
mandatory notice requirements, MGT's shareholder meeting is
expected to occur in August
2016.
"We are pleased to update shareholders on the status and
timing of our previously announced initiatives," said Mr. McAfee.
"I am working tirelessly towards accomplishing my greater vision
for the Company and the industry. Highlighting our progress are the
recent announcements surrounding the establishment of several
advisory boards complete with the appointments of key opinion
leaders. We are excited to hit the ground running and to move
forward with developing the most innovative cyber security company
in the market."
McAfee concluded, "Although I am personally not known for
my patience, current management and the proposed leadership teams
are committed to the highest standards of transparency and
corporate governance as we prepare for the future of this Company.
A transaction of this size and type by a publicly listed company
requires great attention to detail by our attorneys and
accountants. We have also held preliminary discussions with
Exchange officials regarding qualifying for NASDAQ or up listing to
the 'main board' of the New York Stock Exchange from NYSE
MKT."
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.