HARRISON, N.Y., Jan. 13, 2015 /PRNewswire/ -- MGT Capital
Investments, Inc. (NYSE MKT: MGT) announced that the Company was
notified that the USPTO denied a third party request for an Ex
Parte Reexamination of U. S. Patent No. 7,892,088. Claims
1-3, and 6 of the patent were reviewed along with prior art, and
determined that no substantial new questions of patentability
exist. Further, the evidence and explanation provided by the
petitioner did not support ordering a request for reexamination,
and the request was denied. The decision is final and cannot
be appealed.
"We are pleased with the USPTO's decision to deny this petition.
No substantial new questions were raised about patentability,
thereby validating our assertions. We will continue to seek
reasonable royalty payments from those who infringe the '088
patent."
The '088 patent addresses a gaming system in which multiple
gaming machines are networked to one another, and to an interactive
sign. The technology allows the players to play a second bonus game
and compete against one another if the bonus is triggered.
About MGT Capital Investments, Inc.
MGT Capital and its subsidiaries operate social and real money
gaming sites online and in the mobile space, including ownership of
the 3rd largest daily fantasy sports wagering platform,
www.DraftDay.com. The Company also offers games of skill
through www.MGTplay.com and social casino games
with SlotChamp™, and also operates an online portal for
fantasy sports news and
commentary, www.FantasySportsLive.com. MGT also launched
Daily Fantasy Legend in partnership with Facebook to become the
First Daily Fantasy Platform on Social Media. In addition,
the Company owns intellectual property relating to slot machines
and has asserted its claims via patent infringement lawsuits.
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.
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SOURCE MGT Capital Investments, Inc.