LONDON, July 17 /PRNewswire-FirstCall/ -- MGT Capital Investments, Inc. (AMEX:MGT), an investment company focused on the Healthcare Information Technology ("HCIT") sector, announced today that it has been added to the Russell Microcap(R) Index. Membership in the Russell Microcap(R) Index remains in place for one year and ensures automatic inclusion in the appropriate growth and value style indices.
Tim Paterson-Brown, Chairman and CEO, stated, "We are pleased to be included in the Russell Microcap(R) Index as it will increase awareness among potential institutional and retail investors. We continue to execute our HCIT growth strategy and look forward to raising our visibility across the U.S. investment community." The Russell Microcap(R) Index offers investors access to the microcap segment of the U.S. equity market. It makes up less than 3% of the U.S. equity market and is represented by the smallest 1,000 securities in the small-cap Russell 2000 Index plus the next 1,000 securities.
Russell is the leading U.S. equity index family for institutional investors, with 26 indexes and over $3.8 trillion in investment assets benchmarked against them. For more information, please visit http://www.russell.com/.
About MGT Capital Investments, Inc.
MGT Capital Investments is an investment company with two direct subsidiaries that focus solely on the dynamic and consolidating HCIT sector. The first subsidiary, Medicsight PLC, is a leading developer of computer-aided detection (CAD) and computer assisted reader (CAR) software solutions that are tested using one of the world's largest databases of verified CT scan data. Medicsight's CAD and CAR products help clinicians identify, measure, and analyze suspicious pathology, such as colorectal polyps and lung lesions. MGT Capital Investments has invested in and controls a second subsidiary, Medicexchange PLC, which operates Medicexchange.com, an online multi-vendor sales channel for diagnostic, treatment and surgery planning solutions for cardiac, thoracic, breast imaging, orthopedic, and gastro intestinal imaging. Medicexchange.com provides these solutions in a low-cost, on-demand and downloadable format, enhancing access to information and products for medical imaging professionals. Additional information can be found at http://www.mgtci.com/.
All forward-looking statements are made pursuant to the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. Forward- looking statements are based on current management expectations that involve risks and uncertainties that may result in such expectations not being realized. Potential risks and uncertainties include, but are not limited to, the risks described in company filings with the Securities and Exchange Commission.
Company contacts: For more information:
MGT Capital Investments, Inc. Investors:
Alex van Klaveren Stephanie Carrington / Zack Kubow
1410 Broadway +1 646-536-7017 / 7020
22nd Floor
New York, NY 10018
+1 646-257-2644
DATASOURCE: MGT Capital Investments, Inc.
CONTACT: Alex van Klaveren of MGT Capital Investments, Inc., +1-646-257-2644, ; or investors, Stephanie Carrington, +1-646-536-7017, , or Zack Kubow, +1-646-536-7020, , both of The Ruth Group Web site: http://www.mgtci.com/ http://www.russell.com/
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