HARRISON, N.Y., June 17, 2016 /PRNewswire/ -- MGT Capital Investments, Inc. (NYSE MKT: MGT) today announced the appointment of Steve Orenberg, a long-time executive in the Internet and cyber security industry, as the Chairman of the Company's newly formed Emerging Large Scale Technology Advisory Board (ELSTAB), effective immediately.
Orenberg is currently serving as the President and CEO of EdgeWave, a cyber security company delivering innovative, effective and efficient security solutions across the full spectrum of business and government organizations. Most notably, Orenberg spent the past 10 years as the President of Kaspersky Lab, Inc., where he founded the company's North American operation and grew it into a $160 million plus concern. Orenberg's leadership grew Kaspersky into the position of number one vendor partner in corporate and government enterprise client security software. Previously, Orenberg was President of the internet security companies Sophos, Inc., NetGuard and Dr. Solomon's Software, which was acquired by Network Associates (now Intel Security) in 1998.
"Steve is exactly the person I have been looking for to advise us on the intricate field of securing critical large scale cyber systems and their increasing connection to, and dependence on mobile devices. Steve and I both understand that the anti-virus paradigm is finished and that a new paradigm must be developed," said John McAfee, proposed Executive Chairman and Chief Executive Officer of MGT Capital. "We are honored that Steve has agreed to head up our new ELSTAB."
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.
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.
KCSA Strategic Communications
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SOURCE MGT Capital Investments, Inc.