MGT Capital Investments Inc. (MGTI)

[Houdini22]

announced that it has hired the development team of E-Tagged, including Robert Rogers and Joshua Kowalchuk, in order to commercialize the E-Tagged mobile device tracking technology.

E-Tagged is a cyber security product designed to alert and detect the identity of approaching individuals or motor vehicles by utilizing a proprietary technology that analyzes the radio signals broadcast by cell phones. The E-Tagged technology can provide homeowners and businesses with information related to the geographic approach of persons, known and unknown. With variable gain antennas, the system can be configured within a range of from 100 feet to three miles from the system. The MAC address of the mobile device is logged and the cell phone number is recorded. In the event the homeowner is away, the system can be configured to call, email or text the homeowner.

"The long term value of E-Tagged will be to augment soon to be released products that secure digital networks and home systems from unauthorized hacking or unwanted intrusions. This product integrates well with our plans," said John McAfee, MGT's proposed Executive Chairman and CEO. "We are also gratified that Rob and Josh have decided to apply their skillsets to our exciting enterprise. Together they have developed a valuable technology in E-Tagged that has multiple applications. We look forward to working with them in advancing this innovative technology into a commercial offering," concluded Mr. McAfee concluded.

The addition of Robert Rogers and Joshua Kowalchuk to the Company's roster of talented developers will be essential to the commercialization of the E-Tagged technology. Both, Rogers and Kowalchuk have a lifelong passion for computers, harnessing their skills well before graduating from Durham College in Ontario, Canada. Following graduation the pair consulted IT services for many people and businesses until founding their first company in 2010, delivering people in rural areas of Durham high internet service. In 2012, their company Ontario High Speed, Inc. had its data center and first gigabit optical circuit become operational. In 2013, the first prototype of E-Tagged was developed as an anti-theft device for a tractor dealership.

Under the terms of the Company's employment agreement with Mr. Rogers and Kowalchuk, MGT will assume control over the E-Tagged technology and ownership of the IP developed.

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.

http://www.mgtci.com/index.html


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