MGT Capital Investments, Inc. (OTCQB: MGTI)
Office (914) 630-7430 IR (919) 378-1788 Email IR@MGTCI.com
MGT Capital Investments, Inc. (OTCQB: MGTI)
Office (914) 630-7430 IR (919) 378-1788 Email IR@MGTCI.com

Michael Onghai

Independent Director, Chairman of the Audit Committee, Nominations and Compensation Committee Member

Mr. Onghai was appointed a director in May 2012. He has been the CEO of LookSmart (NASDAQ CM: LOOK), since February 2013. He is the founder of AppAddictive, an advertising and social commerce platform and has been Chairman since July 2011. He is also the President of Snowy August Management LLC, a special situations fund concentrating on the Asian market, spin-offs and event-driven situations. He is the founder of Stock Sheet, Inc., and Daily Stocks, Inc. – the web’s early providers of financial information and search engine related content for financial information.

Mr. Onghai has founded several other internet technology companies for the last two decades. He is an advisor to several internet incubators and is a panelist who advises FundersClub on which companies to accept for its pioneering venture capital platform.

Mr. Onghai has earned his designation as a Chartered Financial Analyst (2006) and holds a B.S. in Electrical Engineering and Computer Science from the University of California, Los Angeles and graduated from the Executive Management Certificate Program in Value Investing (The Heilbrunn Center for Graham & Dodd Investing) Graduate School of Business at Columbia Business School. The board believes that Mr. Onghai has the experience, qualifications, attributes and skills necessary to serve as a director and chairman of the Audit Committee because of his years of business experience and financial expertise.