13 Jun, 2016, 09:15 ET
HARRISON, N.Y., June 13, 2016 /PRNewswire/ -- MGT Capital Investments, Inc. (NYSE MKT: MGT) today announced the appointment of Roger Ver as the Chairman of the Company's newly formed "Cryptocurrency Advisory Board", effective immediately. The Cryptocurrency Advisory Board will ensure that MGT remains current in the protection of this critical field and provide the most state of the art products to its customers.
Ver was an early investor in Bitcoin currency and his venture MemoryDealers.com, a website that sells discounted computer parts, was the first mainstream business to accept bitcoins as payment. He has since helped seed approximately a dozen different businesses involving bitcoin and actively promotes the currency, earning him the nickname the "Bitcoin Jesus."
Over the past several years, Ver has made notable bitcoin-based charitable donations. In December 2013, he donated 1,000 bitcoins (valued at more than $1 million at the time), the largest Bitcoin donation at the time, to the Foundation for Economic Education. Most recently, Ver made headlines by offering U.S. presidential candidate Bernie Sanders $100,000 in the form of a bitcoin donation to be made in his name to a charity if he would engage in a debate with Iraq War veteran and talk show host Adam Kokesh.
"Roger and I both understand that cryptocurrencies are here to stay and that the greatest risk to cryptocurrency users is the uneven security surrounding these currencies. Even the most experienced Bitcoin user, for example, risks financial loss if a clever hacker targets them. Key loggers and screen capture spyware – which can easily be planted on mobile device or laptops by simply visiting a website, among other simple means of infiltration – can override most security features of existing wallets. If these types of cyber threats are not remedied, the world risks financial chaos as cryptocurrencies are widely adopted," said John McAfee, proposed Executive Chairman and Chief Executive Officer of MGT Capital.
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.
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