HARRISON, N.Y., Sept. 20, 2016 /PRNewswire/ -- MGT Capital
Investments, Inc. (NYSE MKT: MGT) announced today that the New York
Stock Exchange informed the Company late yesterday afternoon that
it will not approve the listing on the Exchange of the 43.8 million
shares that the Company is required to issue in order to complete
the closing of the D-Vassive merger. The Company and John McAfee remain committed to closing the
transaction and are exploring alternatives.
Mr. McAfee stated, "We are determined to consummate a
transaction that brings our cybersecurity technologies to market in
order to solve the pressing privacy and security issues that
society faces."
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
Grace
Livingston
Director of Investor Relations
MGT Capital Investments, Inc.
glivingston@mgtci.com
205.999.2524
Garth Russell
Managing Director
KCSA Strategic Communications
grussell@kcsa.com
212.896.1250
Media Contact
Tiffany
Madison
Director of Corporate Communications
MGT Capital Investments, Inc.
tmadison@mgtci.com
469.236.9569
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SOURCE MGT Capital Investments, Inc.