#Cyber News: MGT Capital Investments (NYSE MKT:
$MGT) Added to Membership of #Russell #Microcap® Index
HARRISON, N.Y., June 27, -- (Investorideas.com
stocks newswire) MGT Capital Investments, Inc. (NYSE MKT: MGT) today announced
that it was added as a member of the Russell Microcap® Index, effective after
the U.S. market opens today, June 27th, as part of the 2016 Russell indexes
reconstitution.
Membership in the Russell Microcap® Index, which
remains in place for one year, means automatic inclusion in the appropriate
growth and value style indexes. FTSE Russell determines membership for its
Russell indexes primarily by objective, market-capitalization rankings and
style attributes.
"We are pleased to be included in the Russell
Microcap Index, which immediately provides us with a group of stable index
investors for the company's stock. This follows the investment community's
excitement around our strategy to acquire cyber security companies in order to
position MGT to become what we believe will be a leader in the industry,"
said John McAfee, proposed Executive Chairman and Chief Executive Officer of
MGT Capital.
Russell indexes are widely used by investment managers
and institutional investors for index funds and as benchmarks for active
investment strategies. Approximately $6 trillion in assets are benchmarked
against Russell's U.S. indexes. Russell indexes are part of FTSE Russell, a
leading global index provider.
For more information on the Russell Microcap® Index
and the Russell indexes reconstitution, go to the "Russell
Reconstitution" section on the FTSE Russell website.
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.
MGT Capital Investments, Inc.
About FTSE Russell:
FTSE Russell is a global index leader and data
provider that provides innovative benchmarking, analytics and data solutions
for investors worldwide. FTSE Russell calculates thousands of indexes
that measure and benchmark markets and asset classes in more than 70 countries,
covering 98% of the investable market globally.
FTSE Russell index expertise and products are used
extensively by institutional and retail investors globally. Approximately $10
trillion is currently benchmarked to FTSE Russell indexes. For over 30 years,
leading asset owners, asset managers, ETF providers and investment banks have
chosen FTSE Russell indexes to benchmark their investment performance and
create ETFs, structured products and index-based derivatives.
A core set of universal principles guides FTSE Russell
index design and management: a transparent rules-based methodology is informed
by independent committees of leading market participants. FTSE Russell is
focused on applying the highest industry standards in index design and
governance, and embraces the IOSCO principles. FTSE Russell is also focused on
index innovation and client collaboration as it seeks to enhance the breadth,
depth and reach of its offering.
FTSE Russell is wholly owned by London Stock Exchange
Group. For more information, visit www.ftserussell.com.
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.
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