MGT Capital Investments Inc. (MGTI)

[The Gentle Wolf]

MGT Appoints Nolan Bushnell to its Board of Directors

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MGT Appoints Nolan Bushnell to its Board of Directors
PR Newswire

HARRISON, N.Y., June 7, 2016

HARRISON, N.Y. , June 7, 2016 /PRNewswire/ --Â MGT Capital Investments, Inc.
(NYSE MKT: MGT) today announces the appointment of Nolan Bushnell to its Board
of Directors. Bushnell will serve as an independent director, effective
immediately.

Nolan Bushnell is a technology pioneer who is best known as the founder of
the Atari Corporation and Chuck E. Cheese . Bushnell has also founded more
than 20 companies during his career, including Catalyst Technologies, the
first technology incubator; ByVideo, the first online ordering system; Etak,
the first digital navigation system; UWink, the first touchscreen menu
ordering and entertainment system; and BrainRush, an educational software
company. Bushnell also served as a director on the boards of Wave Systems
Corporation, a developer and distributor of hardware-based digital security
products, and of AirPatrol Corporation/Sysorex (NASDAQ: SYRX), which makes
indoor positioning systems. He was also on the board of directors at Neoedge
Networks, a technology and in-game advertising company that enabled casual
game publishers to deliver television-like commercials within their products.

John McAfee , proposed Executive Chairman and Chief Executive Officer of MGT
Capital, stated, "Nolan is one of the brightest minds in cyber technology. In
his career, he has founded more than 20 high tech companies, giving him
unprecedented knowledge of the tech industry. As a director, he will help MGT
identify and cultivate the necessary strategic partnerships to position the
company as the world leader in cyber security."

"As founder of Atari, one of the first Silicon Valley mega-success stories,
Nolan single handedly created the video game industry and continues to shape
its future today. It is within this industry that much of the leading edge
artificial intelligence techniques are being applied, and I believe artificial
intelligence will shape the future of cyber security and provide the impetus
for MGT's success," concluded McAfee.

Bushnell commented, "I am excited to join MGT along with John McAfee to build
one of the most powerful cyber security companies in the industry and address
an increasing number of cyber threats. There is an ever evolving flow of
threats through the advancements of electronic devices we use every day with
very little user protection. The opportunity is enormous in this market, and
the existing companies in the cyber security space are too busy looking
backwards in order to protect their existing market share to see what is
happening in the market now. We at MGT are going to approach the market from
a completely different perspective, by addressing these immediate needs as our
priority."

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.Â

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
.

Forward–looking Statements
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.

Investor Contact
Garth Russell
Managing Director
KCSA Strategic Communications
[e-mail] Â
212.896.1250

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SOURCE MGT Capital Investments, Inc.



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Related tickers: MGT CAPITAL INVESTMENTS INC (MGT), SYSOREX GLOBAL (SYRX)