NEW YORK, Oct. 8 MGT Capital Investments, Inc.(Amex: MGT), a holding company focused on the Healthcare InformationTechnology ("HCIT") sector, today announced that the Company's Chairman andCEO, Tim Paterson-Brown, has acquired 250,000 shares of MGT common stock froman existing shareholder in a single private transaction at $3.75 per share,for $937,500.
Tim Paterson-Brown, Chairman and CEO, stated, "It has been my belief forsome time now that the value of MGT's current holdings in its subsidiaries isnot accurately reflected in the current share price. Consequently, I havechosen to increase my personal investment in MGT over the past two years in aneffort to take advantage of this valuation gap."
"In addition, I believe that our Medicsight subsidiary has tremendouspotential for future growth. We recently announced the positive results ofthe ACRIN Study, endorsing the use of virtual colonoscopy, and we believe thatas a result of this study, Medicsight's virtual colonoscopy technology willsee increased future demand."
About MGT Capital Investments, Inc.
MGT Capital Investments, Inc is a holding company that focuses oninvestments in the global healthcare information technology market. We havetwo subsidiaries, Medicsight PLC and Medicexchange PLC. Medicsight PLC is amedical imaging software development company developing enterprise-wideComputer-Aided Detection (CAD) software which analyzes computer tomography(CT) scans for the early detection and measurement of colorectal polyps andlung lesions. Medicsight has focused on two of the leading causes of cancer-related death, colorectal cancer and lung cancer. Medicexchange PLC providesmedical imaging professionals with a global web portal containing an onlinesales, jobs and information channel for diagnostic, treatment and surgeryplanning solutions. This combined with a variety of relevant clinical papers,training materials and content gives these professionals access to informationand products that they otherwise would have difficulty accessing. Additionalinformation can be found at www.mgtci.com.
All forward-looking statements are made pursuant to the 'safe harbor'provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current management expectations that involverisks and uncertainties that may result in such expectations not beingrealized. Potential risks and uncertainties include, but are not limited to,the risks described in company filings with the Securities and ExchangeCommission.For further information: Media enquiries: MGT Capital Investments KCSA Worldwide Alex van Klaveren Todd Fromer / Garth Russell Tel: +1 646-257-2644 Tel: +1 212-896-1215 / 212-896-1250 www.mgtci.com email@example.com / firstname.lastname@example.org
SOURCE MGT Capital Investments, Inc.