HARRISON, N.Y., June 15, 2016 /PRNewswire/ -- MGT Capital
Investments, Inc. (NYSE MKT: MGT) today announced the appointment
of Bruce Fenton to its
Cryptocurrency Advisory Board, effective immediately.
Fenton is currently the Executive Director of the Bitcoin
Foundation, and founder and CEO of Atlantic Financial. He is
a leading economic strategist and advisor with a focus on the
changing global economy. Fenton is a specialist in emerging
technology such as digital currency and emerging markets. Fenton
also advises U.S. and global investment clients and provides
consulting and project based services to banks, financial
organizations, charitable organizations and families. He has worked
with a major leading U.S. based private equity and investment firm,
one of the world's largest global charities and several other
families and foundations. Fenton has placed over $5 billion in investment capital with money
managers and funds during his career. Early in his career, Fenton
worked for Morgan Stanley Dean Witter (formerly Dean Witter)
starting in 1992. At Morgan Stanley Dean Witter, he was a
specialist in managed accounts and one of the youngest stockbrokers
ever to work for the company.
"As an active member of the cybercurrency industry through my
Bitcoin business ventures and position as Executive Director of the
Bitcoin Foundation, I am honored to support the efforts of
John McAfee in providing advanced
cyber security for this burgeoning industry," stated Fenton. "I
have long been an enthusiast of cybercurrency technology and
believe cyber security will play a role in advancing the broad
trust and use of currencies such as Bitcoin."
"Bruce joins Roger Ver and
Erik Voorhees as the third member of
our Cryptocurrency Advisory Board. Bruce is highly respected
within the field of cryptocurrency and we are all extremely pleased
with this addition to our growing advisory team. In addition to his
contributions to the field of economics, Bruce is renowned as a
Bitcoin innovator," said John
McAfee, proposed Executive Chairman and Chief Executive
Officer of MGT Capital.
The Cryptocurrency Advisory Board will ensure that MGT remains
current in the protection of this critical field and provide the
most state of the art products to its customers. Roger Ver, aka "Bitcoin Jesus," is the founding
member and chairman of the Cryptocurrency Advisory 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.