HARRISON, N.Y., June 14, 2016 /PRNewswire/ -- MGT Capital
Investments, Inc. (NYSE MKT: MGT) today announced the appointment
of Erik Voorhees, a highly
recognized serial Bitcoin advocate and entrepreneur, to its
Cryptocurrency Advisory Board, effective immediately.
Erik Voorhees is an American and
Panamanian startup founder. Currently, he is the founder and CEO of
the instant bitcoin and altcoin exchange ShapeShift.io. ShapeShift
provides APIs and Web plug-ins that allow users to exchange a wide
variety of cryptocurrencies and easily convert from one
cryptocurrency to another.
Previously, Voorhees co-founded the bitcoin company Coinapult, a
cryptocurrency wallet and broker, which allows users to buy, sell,
send and receive bitcoin all in one place. He also served as the
Head of Marketing at BitInstant, an online payment processor that
facilitates the transfer of funds between Bitcoin exchanges.
Voorhees was the founder and partial owner of SatoshiDICE, the
leading bitcoin gambling website in terms of amount wagered.
"The appointment of Erik Voorhees
to our Cryptocurrency Advisory Board is Roger Ver's first act as Board Chairman. I am
extremely pleased with this addition to our growing advisory team.
Eric is one of the most prolific innovators in the field of
cryptocurrency. In addition to his outstanding business
experience within the field, he is renowned as a technical
innovator. Erik will be a great asset to MGT as we move forward,"
said John McAfee, proposed Executive
Chairman and Chief Executive Officer of MGT Capital.
The Cryptocurrency Advisory Board was established by
John McAfee to ensure that the
Company remains current in the protection of this critical field
and provides the most state of the art products to its customers.
Roger Ver, "Bitcoin Jesus," is the
founding member and chairman of the board.
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.