HARRISON, N.Y., June 15, 2016 /PRNewswire/ -- MGT Capital Investments, Inc. (NYSE MKT: MGT) today announced the appointment of Bruce Fenton to its Cryptocurrency Advisory Board, effective immediately.
Fenton is currently the Executive Director of the Bitcoin Foundation, and founder and CEO of Atlantic Financial. He is a leading economic strategist and advisor with a focus on the changing global economy. Fenton is a specialist in emerging technology such as digital currency and emerging markets. Fenton also advises U.S. and global investment clients and provides consulting and project based services to banks, financial organizations, charitable organizations and families. He has worked with a major leading U.S. based private equity and investment firm, one of the world's largest global charities and several other families and foundations. Fenton has placed over $5 billion in investment capital with money managers and funds during his career. Early in his career, Fenton worked for Morgan Stanley Dean Witter (formerly Dean Witter) starting in 1992. At Morgan Stanley Dean Witter, he was a specialist in managed accounts and one of the youngest stockbrokers ever to work for the company.
"As an active member of the cybercurrency industry through my Bitcoin business ventures and position as Executive Director of the Bitcoin Foundation, I am honored to support the efforts of John McAfee in providing advanced cyber security for this burgeoning industry," stated Fenton. "I have long been an enthusiast of cybercurrency technology and believe cyber security will play a role in advancing the broad trust and use of currencies such as Bitcoin."
"Bruce joins Roger Ver and Erik Voorhees as the third member of our Cryptocurrency Advisory Board. Bruce is highly respected within the field of cryptocurrency and we are all extremely pleased with this addition to our growing advisory team. In addition to his contributions to the field of economics, Bruce is renowned as a Bitcoin innovator," said John McAfee, proposed Executive Chairman and Chief Executive Officer of MGT Capital.
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. Roger Ver, aka "Bitcoin Jesus," is the founding member and chairman of the Cryptocurrency Advisory 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
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SOURCE MGT Capital Investments, Inc.
Released June 15, 2016