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Wednesday, May 18, 2016

NXT-ID, Inc. (NASDAQ: $NXTD) Enters into Purchase Agreement for the Acquisition of LogicMark, LLC.

NXT-ID, Inc. (NASDAQ: $NXTD) Enters into Purchase Agreement for the Acquisition of LogicMark, LLC.



MELBOURNE, Fla. - May 18, 2016 (Investorideas.com Newswire) NXT-ID, Inc. (NASDAQ:NXTD) (NXTDW), a company focused on the growing mobile commerce market announces it has entered into an interest purchase agreement to acquire 100% of the membership interests of LogicMark, LLC, a leading provider of unmonitored personal emergency response devices (PERS).

As per the terms of the agreement, NXT-ID, Inc. will acquire LogicMark for $20 Million in cash, with an anticipated closing date no later than June 30, 2016, subject to customary closing conditions, including a financing contingency. In addition, LogicMark members will be paid an earn out based on achieving certain performance goals within the next 18 months. The financing for the acquisition will be a combination of senior secured debt and equity.

The audited financial statements for LogicMark for the year ended December 31, 2015 showed revenues of $11.1 million and pre-tax net income of $3.1 million. The Company has a staff of 22 full-time professionals, 3 part-time professionals, and 5 contractors.
Gino Pereira, Chief Executive Officer of the Company, said, "This accretive acquisition fits into our strategy of utilizing our core competencies to create diverse new opportunities for the Company."

Kevin O'Connor, Logicmark's President, added, "We are excited to become a part of NXT-ID Inc. and leverage their technology and channel partnerships to expand our product portfolio and markets."

NXT-ID, Inc. plans to integrate its voice biometric technology as well as fall detection sensors and miniaturization skills to future versions of LogicMark products. In addition, the company believes it can potentially enhance the retail presence of LogicMark products.

Mr. Pereira also went on to say, "We are utilizing additional resources and consultants to assist with LogicMark integration and management as well as retaining key LogicMark staff. We remain very focused on delivering the new WorldVentures DreamTrips™ smart cards which are currently in pre-production and will be ready for field testing in the coming weeks. We expect to make our first production deliveries to WorldVentures in July 2016."

Logicmark was advised through the sale by Livingstone, an international mid-market M&A and debt advisory firm.


About NXT- ID Inc. - Mobile Security for a Mobile World
NXT-ID (NASDAQ:NXTD) is an emerging growth technology company that is focused on products, solutions, and services for security on mobile devices. Our core technologies consist of those that support digital payments, biometric identification, encryption, sensors, and miniaturization. We have three distinct lines of business that we are currently pursuing: mobile commerce, primarily through the application of secure digital payment technologies; biometric access control applications, and Department of Defense contracting. Our initial efforts have primarily focused on the development of our secure products for the growing m-commerce market, most immediately, a secure mobile electronic smart wallet, the Wocket®. The Wocket® is a smart wallet, designed to protect your identity. www.nxt-id.com, www.wocketwallet.com

Product images are available for media at: http://press.nxt-id.com

Forward-Looking Statements for NXT-ID: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management's current expectations, as of the date of this press release, and involve certain risks and uncertainties. Forward-looking statements include statements herein with respect to the successful execution of the Company's business strategy. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors. Such risks and uncertainties include, among other things, our ability to establish and maintain the proprietary nature of our technology through the patent process, as well as our ability to possibly license from others patents and patent applications necessary to develop products; the availability of financing; the Company's ability to implement its long range business plan for various applications of its technology; the Company's ability to enter into agreements with any necessary marketing and/or distribution partners; the impact of competition, the obtaining and maintenance of any necessary regulatory clearances applicable to applications of the Company's technology; and management of growth and other risks and uncertainties that may be detailed from time to time in the Company's reports filed with the Securities and Exchange Commission.

NXT- ID Inc Contact:
Corporate info: info@nxt-id.com

Media:
D. Van Zant
800 665-0411
Visit this company: nxt-id.com; 3d-id.netwocketwallet.com/

More info on NXTD at Investorideas.com Visit: http://www.investorideas.com/CO/NXT/

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Disclaimer/ Disclosure: The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers. Disclosure: As of October 1, 2015 NXT-Id renewed for one year –five thousand per month and fifteen thousand 144 restricted shares for PR, media and marketing. http://www.investorideas.com/About/Disclaimer.asp and http://www.investorideas.com/About/News/Clientspecifics.asp






Monday, May 16, 2016

Guardian Patch (OTCQB:$GOPH) Releases Product FAQ and Video to Consumers and Media; Revolutionary Tracking Device Works With or Without GPS

Guardian Patch (OTCQB:$GOPH) Releases Product FAQ and Video to Consumers and Media; Revolutionary Tracking Device Works With or Without GPS



SAN DIEGO, CA - May 16, 2016 (Investorideas.com Newswire) Gopher Protocol Inc. (OTCQB: GOPH) ("Gopher" and the "Company") a development-stage Company developing a real-time, heuristic-based, mobile technology, has released a product FAQ and video for consumers and the media regarding the Company's Guardian Patch technology.

Guardian Patch, the company's first exclusively licensed product to bring to the consumer markets, is a unique location technology that works with or without GPS.

Dr. Danny Rittman, CTO of Gopher Protocol, explained, "We are releasing the FAQ and video in order to inform consumers and the media about the benefits of the Guardian Patch and what makes it so very different from other GPS tracking technologies. Our patch can track anything anywhere on earth resulting in a whole new layer of location tracking capability."




FAQ Highlights:
Q. What is the Guardian Patch?
A. The Guardian Patch is a tracking device in the form of a sticky patch.

Q. How do I use the Guardian Patch?
A. Simply stick the Guardian Patch on the object that you would like to track, download and install the free app on your mobile phone (iPhone or Android) and you will always know where your object is!

Q. How do I see where my object is?
A. The Guardian Patch mobile app displays your object's location on Google Maps.

Q. Does Guardian Patch also work in places where there is no cellular or conventional network, for example, in the desert?
A. Yes, Guardian Patch's proprietary technology tracks objects anywhere on Earth.

Q. What types of objects can I affix the Guardian Patch to?
A. Use the Guardian Patch on your car, laptop, bike, mobile phone, purse, puppy, priceless painting or on any object that you would like to track.

Q. Can I register my Guardian Patch on more than one phone?
A. Yes. One Guardian Patch can be registered on multiple phones.

Q. How do I use the Guardian Patch as an Emergency beacon?
A. It is simple. Peel the Guardian Patch off and it acts as an Emergency Beacon, sending out a signal and notifying anyone who registered your Guardian Patch.

Q. How long does the Guardian Patch last for?
A. The Guardian Patch lasts for one (1) year. After the one year, you will have to replace it with a new one. A few weeks before the battery is exhausted, you will be notified through your Guardian Patch app about its remaining lifespan.

Q. What is the cost to buy a Guardian Patch, and are discounts offered on buying multiple Guardian Patches?
A. We estimate the cost will be $39.95. We will offer discounted packages for multiple patches purchased.

Q. When will Guardian Patch be available?
A. Guardian Patch will be available in February 2017.


Guardian Patch Product FAQ: http://www.guardianpatch.com/f-a-q/


About Gopher Protocol Inc.
Gopher Protocol Inc. (OTCQB: GOPH) ("Gopher" and the "Company") (http://gopherprotocol.com/) is a development-stage company developing a real-time, heuristic-based mobile technology. Upon development, the technology will consist of a smart microchip, mobile application software and supporting software that will run on a server. The system contemplates the creation of a global network. Gopher believes this will be the first system that is developed using a human, heuristic-based analysis engine. Since the core of the system will be its advanced microchip technology that will be capable of being installed in any mobile device worldwide, Gopher expects that this will result in an internal, private network between all mobile devices utilizing the microchip by providing mobile technology for computing power enhancement, advanced mobile database management/sharing and other additional mobile features.

Corporate Site: http://gopherprotocol.com


Consumer and product website for Guardian Patch: http://www.guardianpatch.com/

Forward-Looking Statements
Certain statements contained in this press release may constitute "forward-looking statements". Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website (http://www.sec.gov). In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.

Contact:
Dr. Dan Rittman, CTO
Gopher Protocol Inc.
888-685-7336
Media:
 press@gopherprotocol.com

Visit this company: http://gopherprotocol.com/

More info on GOPH at Investorideas.com Visit: http://www.investorideas.com/CO/GOPH/

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Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure: GOPH is a PR , social media and publishing client and compensates Investorideas.com ( three months effective April 4, 2016- three thousand five hundred per month )

Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.




Wednesday, May 11, 2016

The Guardian Patch Global Tracking Device Coming to Market in Early 2017

The Guardian Patch Global Tracking Device Coming to Market in Early 2017



PERRIS, California, Point Roberts WA, - Investorideas.com, a global news source covering tech stocks reports on progress for the Guardian Patch mobile tracking technology currently licensed  by Gopher Protocol Inc. (OTCQB: GOPH).

The Guardian Patch, coming to consumer markets in early 2017 is a unique global tracking device technology that works with or without GPS. According to the video and product FAQ, the Guardian Patch is a revolutionary microchip technology that will enable people to track any object anywhere on earth simply by attaching a flexible patch to the object.
You can register the patch and a mobile app will enable you to track the tagged object. In the event of an emergency it can also act as emergency beacon.  What really makes it different is that it works without GPS in remote areas.
What objects can you track with the Guardian Patch? Use the patch on your car, laptop, bike, mobile phone, purse, puppy, priceless painting or on any object that you'd like to track.
The product FAQ says the Guardian Patch is expected to retail for $39.95. They also say the Guardian Patch should last for one year. After the one year, you'll have to replace it with a new one. Before the battery is exhausted, you'll be notified through your Guardian app about the remaining time, so you will never be without the patch!  
Health, commercial/enterprise, wearables, and iBeacons will help the GPS tracking device market, expected to reach over $3.5 billion in 2019 according to ABI Research.

Guardian Patch: http://www.guardianpatch.com/ 
Guardian Patch Product FAQ: http://www.guardianpatch.com/f-a-q/
About Gopher Protocol Inc. Gopher Protocol Inc. (OTCQB: GOPH) (“Gopher” and the "Company") (http://gopherprotocol.com/) is a development-stage company developing a real-time, heuristic based, mobile technology, per license agreement it holds. Upon development, the technology will consist of a smart microchip, mobile application software and supporting software that run on a server.  The system contemplates the creation of a global network, worldwide. Gopher believes this will be the first system that is developed using a human, heuristic based analysis engine. Since the core of the system will be its advanced microchip that will be able to be installed any mobile device, worldwide, Gopher expects that this will result in an internal, private network between all mobile devices utilizing the device by providing mobile technology for computing power enhancement, advanced mobile database management/sharing, and additional mobile features.  http://gopherprotocol.com,
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Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure: GOPH is a PR , social media and publishing client and compensates Investorideas.com ( three months effective April 4, 2016 - three thousand five hundred per month )More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.



Tuesday, May 10, 2016

Media Alert For NXT-ID’s (NASDAQ: $NXTD) Wocket Smart Wallet - “5 futuristic smart wallets we can't wait to try” - Trusted Reviews

Media Alert For NXT-ID’s (NASDAQ: $NXTD) Wocket Smart Wallet - “5 futuristic smart wallets we can't wait to try” - Trusted Reviews 




Melbourne, FL – May 10, 2016 -- NXT-ID, Inc.’s (NASDAQ: NXTD) Wocket smart wallet was recently featured in Trusted Reviews http://www.trustedreviews.com/ @trustedreviews, as one of the top five smart wallets.





Article excerpt:

We've had smartphones, smartwatches, and even smart luggage, but there's another deeply personal piece of equipment that's currently smartening up: the wallet.

While some enthusiastic tech evangelists will tell you that the physical wallet is dead, countless banks and retailers will tell you otherwise. Practically speaking, we still need somewhere to keep our cards and cash, and probably will do for a while yet.

That's not to say that the humble wallet can't be given a 21st century make-over. In fact, there are some truly interesting ideas for smart wallets out there right now. Here are five of the best.

Wocket

The Wocket might have a silly name, but it's arguably the most sophisticated smart wallet on this list. It effectively replaces your myriad of cards - credit, debit, store and more - with a single general purpose alternative.

Just swipe or scan each card's details into this electronic device (it can store 10,000), select the one you want at the checkout using its touchscreen interface, and the Wocket will install the appropriate card's details onto the rewritable Wocket card.

There's a voice and PIN-based security system for ensuring your cards' safety, too. If you're burdened by dozens of cards, this could be the smartest wallet of the lot.

The Wocket can be ordered direct from the manufacturer's website now. www.wocketwallet.com


You can read the full article at:




About Wocket
Wocket® is the smartest wallet you will ever own. Designed to protect your identity and replace your old wallet, simply save your cards into Wocket once and they are immediately secured. You can choose a card from the touch screen and Wocket programs its single, smart card (Wocket Card) or uses its NFC touch to pay technology to match your selection. Your Wocket can be used virtually anywhere that credit cards are accepted today. Wocket can also display a variety of barcodes.

All your credit, debit, loyalty, gift, ID, membership, insurance, medical information, passwords, and virtually any other information can be protected on Wocket®. www.wocketwallet.com

About NXT-ID
NXT-ID is an emerging growth technology company that is focused on products, solutions, and services for security on mobile devices. Our core technologies consist of those that support digital payments, biometric identification, encryption, sensors, and miniaturization. We have three distinct lines of business that we are currently pursuing: mobile commerce, primarily through the application of secure digital payment technologies; biometric access control applications, and Department of Defense contracting. Our initial efforts have primarily focused on the development of our secure products for the growing m-commerce market, most immediately, a secure mobile electronic smart wallet, the Wocket®. The Wocket® is a smart wallet, designed to protect your identity. Nxt-id.com; 3d-id.netwocketwallet.com/

Product images are available for media at: http://press.nxt-id.com


NXT- ID Inc Contact:
Corporate info: info@nxt-id.com

Media:
D. Van Zant
+1-800-665-0411
press@nxt-id.com

Investorideas -Disclaimer/ Disclosure: The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers. Disclosure: As of October 1, 2015 NXT-Id renewed for one year –five thousand per month and fifteen thousand 144 restricted shares for PR, media and marketing. http://www.investorideas.com/About/Disclaimer.asp and http://www.investorideas.com/About/News/Clientspecifics.asp



Gopher Protocol (OTCQB:$GOPH) Announces: Completion of Mapping Program, Which Traces the Guardian Patch in Real-Time; Commencement of Field Tests on Guardian Patch in Central North America; Designation of a European Support Team for Epsilon Mobile Green EDA Software

Gopher Protocol (OTCQB:$GOPH) Announces: Completion of Mapping Program, Which Traces the Guardian Patch in Real-Time; Commencement of Field Tests on Guardian Patch in Central North America; Designation of a European Support Team for Epsilon Mobile Green EDA Software



SAN DIEGO, CA - May 10, 2016 (Investorideas.com Newswire) Gopher Protocol Inc. (OTCQB: GOPH) ("Gopher" and the "Company"), a development-stage Company which specializes in real-time, heuristic-based mobile technology, and its partner, Guardian Patch LLC, announced today that they have completed the Company's mapping program, which traces the Guardian Patch on existing mapping systems. Users of the patch will be able to trace the patch on common mapping services like Google, Yahoo, and Bing in real time.

The Company has already commenced its field tests for transmitting and receiving signals in central North America. After successfully completing stage one of range testing of the Guardian Patch wireless system, the Company will continue to expand its wireless system field testing in both crowded urban and open areas within the United States.

The Company and its partner, Gopher Epsilon Corp. (to be formed), have designated an engineering team in Europe to supervise and develop technical support services as the Company enters a software evaluation license agreement. As previously announced by the Company on March 16, 2016, the Company's Epsilon Mobile Green EDA Software is an internal proprietary platform that has been developed as a tool designated for the mobile industry to accelerate integrated circuit designs with interactive error detection and correction. The software is targeted to assist microchip designers to produce integrated circuits with faster performance, self-heat optimization and longer life spans. The goal of the software is to significantly prolong battery life while reducing microchip heat, which will enable electronic devices to provide longer operation time with overall faster performance time.

Gopher has granted a temporary license to a third party vendor on a non-exclusive, royalty-free basis to use the Epsilon Mobile EDA Software and related materials (the "Licensed Technology") for the purpose of evaluating the Licensed Technology internally. There is no obligation on the part of the third party licensee to buy, lease, or otherwise acquire any ownership interest in, or pay any compensation for a license to use, the Licensed Technology for the evaluation period. Gopher's new European division will provide technical support to the third party licensee for the Licensed Technology during the evaluation period.

The Guardian Patch, potentially arriving in consumer markets in 2017, is a unique location technology that works with or without GPS. The patch is a stick-on device that provides its users with the capability to protect and track objects, a loved-one or even a pet, via a mobile application.


About Guardian Patch
Download the patch app, register your patch, and track anything that you own on your mobile device or on our designated website. Register the patches of your family members and friends to receive alerts in the event of an emergency. Peel the patch off, and the patch acts as a beacon, sending out a signal and notifying anyone who has registered the user's patch.

About Gopher Protocol Inc.
Gopher Protocol Inc. (OTCQB: GOPH) ("Gopher" and the "Company") (http://gopherprotocol.com/) is a development-stage company developing a real-time, heuristic-based mobile technology. Upon development, the technology will consist of a smart microchip, mobile application software and supporting software that will run on a server. The system contemplates the creation of a global network. Gopher believes this will be the first system that is developed using a human, heuristic-based analysis engine. Since the core of the system will be its advanced microchip technology that will be capable of being installed in any mobile device worldwide, Gopher expects that this will result in an internal, private network between all mobile devices utilizing the microchip by providing mobile technology for computing power enhancement, advanced mobile database management/sharing and other additional mobile features.

Corporate Site: http://gopherprotocol.com


Consumer and product website for Guardian Patch: http://www.guardianpatch.com/

Forward-Looking Statements
Certain statements contained in this press release may constitute "forward-looking statements". Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website (http://www.sec.gov). In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.

Contact:
Dr. Dan Rittman, CTO
Gopher Protocol Inc.
888-685-7336
Media:
 press@gopherprotocol.com

Visit this company: http://gopherprotocol.com/

More info on GOPH at Investorideas.com Visit: http://www.investorideas.com/CO/GOPH/

This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders

Sign up for free news alerts

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure: GOPH is a PR , social media and publishing client and compensates Investorideas.com ( three months effective April 4, 2016- three thousand five hundred per month )

Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.



Monday, May 9, 2016

John #McAfee Returns to Public Markets as MGT Capital (NYSE MKT: $MGT) Agrees to Acquire #Security/Privacy Technology

John #McAfee Returns to Public Markets as MGT Capital (NYSE MKT: $MGT) Agrees to Acquire #Security/Privacy Technology

Mr. McAfee to be Chairman and CEO of renamed John McAfee Global Technologies


HARRISON, N.Y. - May 9, 2016 (Investorideas.com stocks newswire) MGT Capital Investments, Inc. (NYSE MKT: MGT) announced today that it has entered into a definitive asset purchase agreement to acquire certain technology and assets from D-Vasive Inc., a provider of leading edge anti-spy software. D-Vasive offers a powerful tool for protection from the proliferation of invasive apps by consumer products companies, social networks, financial institutions and others. These invasive apps can secretly turn on a phone's microphone and camera, as well as monitor geographic movements and access contacts.

The D-Vasive technology operates in a unique way, allowing the user to manage and control the device's internal hardware. D-Vasive will be available shortly for Android and Windows platforms, followed by a release for Apple iOS.

In conjunction with the acquisition, MGT is pleased to announce the proposed appointment of John McAfee as Executive Chairman and Chief Executive Officer. Mr. McAfee, the visionary pioneer of internet security, sold his anti-virus company to Intel for $7.6 billion, and is actively involved in the development of new measures to protect individual freedoms and privacy. Mr. McAfee stated, "The enormous impact of cybersecurity on our lives requires the scale and resources of a public company. Our ability to continue to hire the best minds in the business will be vastly enhanced with a public platform. With the acquisition of D-Vasive technology as a starting point, we expect to grow MGT into a successful and major force in the space." MGT Capital also intends to change its corporate name to John McAfee Global Technologies, Inc.

Additionally, MGT has entered into a consulting agreement with Future Tense Secure Systems Inc., a technology incubator with investments in other applications requiring privacy, such as file sharing and chat. It is contemplated by the parties that future collaborations or investments may occur going forward.

Closing of the acquisition is contingent on customary conditions including approval by MGT's stockholders. Major terms of the deal include the payment to D-Vasive Inc. stockholders of 23.8 million restricted shares of MGT stock and $300,000 in cash. The proposed share issuance is expected to amount to roughly 47% of the Company on a pro-forma fully diluted basis at closing. More detailed information can be found in the Company's Form 8-K filed this morning with the Securities and Exchange Commission, available at www.sec.gov or the MGT website at www.mgtci.com.


About MGT Capital Investments, Inc.
MGT and its subsidiaries are principally engaged in the business of acquiring, developing and monetizing intellectual property assets. MGT's portfolio currently includes social casino and gaming platforms, and ownership stakes in DraftDay.com, a top daily fantasy sports wagering platform and DraftDay Fantasy Sports, Inc. operator of an online entertainment marketing and rewards platform.

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.


This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp

Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.