HARRISON, N.Y., June 30, 2016 /PRNewswire/ -- MGT
Capital Investments, Inc. (NYSE MKT: MGT) today announced that it
has extended the anticipated filing date of the proxy for the
upcoming meeting of shareholders to next week. The filing of the
proxy was rescheduled due to minor and unforeseen delays.
The Proxy Statement will provide information to stockholders for
the proposed issuance of shares to consummate the announced
acquisitions of D-Vasive and Demonsaw. Stockholders will also vote
on the election of John McAfee as
Executive Chairman of the Board and CEO, along with other
proposals. Subject to SEC review, and mandatory notice
requirements, MGT's shareholder meeting is still expected to occur
in August 2016.
John McAfee, proposed Executive
Chairman and Chief Executive Officer of MGT Capital, stated:
"Notwithstanding the malicious and self-serving comments on various
social media, I can categorically assure shareholders that this
delay is nothing more than normal procedural slowness when working
with accounting and legal professionals. SEC regulatory
requirements are strict, and we remain committed to the highest
standards of excellence."
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.