HARRISON, N.Y., June 14, 2016 /PRNewswire/ -- MGT Capital Investments, Inc. (NYSE MKT: MGT) today announced the appointment of Erik Voorhees, a highly recognized serial Bitcoin advocate and entrepreneur, to its Cryptocurrency Advisory Board, effective immediately.
Erik Voorhees is an American and Panamanian startup founder. Currently, he is the founder and CEO of the instant bitcoin and altcoin exchange ShapeShift.io. ShapeShift provides APIs and Web plug-ins that allow users to exchange a wide variety of cryptocurrencies and easily convert from one cryptocurrency to another.
Previously, Voorhees co-founded the bitcoin company Coinapult, a cryptocurrency wallet and broker, which allows users to buy, sell, send and receive bitcoin all in one place. He also served as the Head of Marketing at BitInstant, an online payment processor that facilitates the transfer of funds between Bitcoin exchanges. Voorhees was the founder and partial owner of SatoshiDICE, the leading bitcoin gambling website in terms of amount wagered.
"The appointment of Erik Voorhees to our Cryptocurrency Advisory Board is Roger Ver's first act as Board Chairman. I am extremely pleased with this addition to our growing advisory team. Eric is one of the most prolific innovators in the field of cryptocurrency. In addition to his outstanding business experience within the field, he is renowned as a technical innovator. Erik will be a great asset to MGT as we move forward," said John McAfee, proposed Executive Chairman and Chief Executive Officer of MGT Capital.
The Cryptocurrency Advisory Board was established by John McAfee to ensure that the Company remains current in the protection of this critical field and provides the most state of the art products to its customers. Roger Ver, "Bitcoin Jesus," is the founding member and chairman of the board.
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
SOURCE MGT Capital Investments, Inc.