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 email@example.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.
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
Director of Corporate Communications
MGT Capital Investments, Inc.
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SOURCE MGT Capital Investments, Inc.
Released October 14, 2016