HARRISON, N.Y., Aug. 9, 2016 /PRNewswire/ -- MGT Capital Investments, Inc. (NYSE MKT: MGT) has announced the release of Demonsaw 3.0, a secure and decentralized x-platform information-sharing application with end-to-end encryption and no client P2P.
Demonsaw 3.0 inherits the security and anonymity principles from Demonsaw 2.0 but makes many advances in network communication, speed, security, anonymity and extensibility. The entire application was re-written from the ground-up based on user feedback.
Demonsaw 3.0 revolutionizes file sharing. Users now control everything. They will choose what routers to trust, the type of tunnel used when connecting to a network, customizable and theme-able interfaces, and much more. "Demonsaw 3.0 has been designed for speed, security and end-user customization, and will be our framework for bringing killer features such as file sync, media streaming, VOIP and, eventually, an enterprise version," said Eric "Eijah" Anderson, creator and proposed Chief Technology Officer of MGT.
Demonsaw can be used to secure banking transactions, replace certificate based VPN's, encrypt audio and video conferencing, streaming real-time content, and securing any type of data. This technology is different from most products because it avoids peer-to-peer communications; leverages cryptography in a more user-friendly way than similar products; and can be used as a self-hosted private Cloud for businesses seeking to avoid Cloud-based vulnerabilities.
"Every industry needs this type of security, and MGT is focused on bringing it to them in a simple, powerful and cost-effective way. And, yes, we have already begun development on Clear Skies and Demonsaw 4.0. Both will be available in Spring 2017," said Eijah.
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
Director of Corporate Communications
MGT Capital Investments, Inc.
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SOURCE MGT Capital Investments, Inc.