MGT Announces Creation of Hacker Advisory Board

Jun 10, 2016, 10:20 ET

HARRISON, N.Y., June 10, 2016 /PRNewswire/ -- MGT Capital Investments, Inc. (NYSE MKT: MGT) today announced the formation of a Hacker Advisory Board to help steer the Company's technology in the ever changing field of cyber security threats. The founding members of the board will be comprised of world renowned hackers Chris Roberts, Bryce Case and Alexander Heid. Each board member comes with unparalleled insight into the types of threats the Company aims to combat through its acquisition and evolution of cybersecurity technology.

"Alexandre Fichet, designer of the first bank vault safe famously stated 'No one unschooled in the art of picking locks can design and build a decent safe.' It is with this principle in mind that we have enlisted world renowned hackers to advise in the development of our cybersecurity technology through our Hacker Advisory Board," said John McAfee, proposed Executive Chairman and Chief Executive Officer of MGT Capital. "We intend to leverage their talents to ensure MGT gains a clear advantage in the evolving landscape as new classes of cyber threats are identified."

"The knowledge and experience of our three founding board members will help us to achieve our goals in providing absolute security to every individual and corporate entity that uses our products," concluded McAfee.

Chris Roberts is a highly respected white hat Hacker who gained national attention last year by hacking into the entertainment system of a United Airlines plane and proving the linkage between the entertainment control system and flight control system. Roberts is also the founder of One World Labs, a Denver-based company that empowers organizations to continually improve their cybersecurity defenses. After leaving OWL, Roberts joined Sentinel Global as a computer and network security consultant.

Bryce Case, better known as YTCracker, was exposed to computers by his father and mother, learning to program BASIC from age 4, and is a computer security professional most known for his high profile defacements of various government websites in the early 2000s. Since then, he has maintained close ties with the hacker community at large, and founded the grey-hat web board Case has consulted and performed penetration testing for businesses of all sizes, and has made regular appearances in the media explaining tactics used by hackers.  Currently, Case runs a "celebrity cyber bodyguard" firm known as the Faction, protecting high-profile clients from unwanted intrusions and leaks.

Alexander Heid is the founder of HackMiami, the premier resource in South Florida for highly skilled hackers that specialize in vulnerability analysis, penetration testing, digital forensics, and all manner of information technology and security. Members of HackMiami are on the cutting edge of vulnerability research and regularly make presentations at international hacking conferences around the world (Defcon, HOPE, OWASP AppSec, Hacker Halted). Heid's specialties include digital crime intelligence analysis, application security auditing, network vulnerability analysis, penetration testing, and malware reversal. Much of the research he has participated in is frequently featured at national industry conferences and within mainstream media.

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

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 

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SOURCE MGT Capital Investments, Inc.

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