HARRISON, N.Y., July 8, 2014 /PRNewswire/ -- MGT Gaming, Inc. a
subsidiary of MGT Capital Investments, Inc. (NYSE MKT: MGT) today
announced that it has made a strategic decision to focus its
resources and litigation efforts against Aruze Gaming America, Inc.
in the United States District Court for the Southern District of
Mississippi (Jackson Division), in
which MGT Gaming alleges infringement of U.S. Patent Nos. 7,892,088
and 8,500,554 by Aruze Gaming America's products known by the trade
names "Paradise Fishing" and "Amazon Fishing." Accordingly, MGT
Gaming has dismissed its lawsuits against WMS Gaming Inc.
MGT Gaming and WMS Gaming will file a joint motion to terminate
the Inter Partes Review (IPR) with the United States Patent
Trial and Appeal Board involving MGT Gaming's U.S. Patent No.
7,892,088.
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 4th 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 is building an online portal for fantasy
sports news and commentary, www.FantasySportsLive.com. 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.