HARRISON, N.Y., Oct. 14,
2016 /PRNewswire/ -- MGT Capital Investments, Inc. (NYSE MKT:
MGT) is proud to announce the commercial release of its first
network security product designed by whitehat hackers and
John McAfee. Sentinel represents a
new paradigm in the defense against malicious hackers. The system,
comprised of a passive hardware device connected to each
subnet, monitors network traffic for suspicious activity
using sophisticated algorithms and heuristics, generating an alert
and deploying appropriate countermeasures. Simply put, Sentinel is
the first user-friendly security device to provide
actionable intelligence before companies are hacked.
Further, Sentinel is the first in a suite of products designed
to proactively protect networks, computers, users and their data.
Without degrading network quality, the system gives the edge
back to companies by alerting them to intrusions on their network,
and by distracting hackers with honeypots before real damage
occurs. Sentinel mitigates risk by greatly reducing the time a
hacker has to operate inside protected networks, upload malware or
steal data. This also allows for an investigation to begin while an
attack is in progress, rather than after the perpetrator has
completed the hack.
"The best ideas in technology are simple to use and serve an
unmet need. Computer hacking is the number one threat to the safety
and privacy of the world's population. Sentinel provides an
enterprise IT department with early detection of potential
intrusions. This head start gives a distinct advantage in what
indisputably is a war presently being won by the bad guys," stated
John McAfee, Executive Chairman of
MGT. "At MGT we are extraordinarily lucky to have assembled a group
of talented programmers that share our vision of the future of
cybersecurity."
Initial orders are expected to be shipped within six to eight
weeks. Enterprise pricing begins at $4,995 per unit under an annual renewable
contract. Each unit can protect an entire intranet class-B subnet,
with volume-based pricing for orders in excess of 25
units. Interested parties are advised to contact
sales@mgtci.com.
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
smartphones.
MGT Capital intends to change its corporate name to "John McAfee
Global Technologies, Inc."
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
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.