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MGT Capital Investments Reports First Quarter 2008 Financial Results and Provides Update on Recent Developments
Date:5/12/2008

the quarter ended March 31, 2008 were $6.1 million, compared to total operating expenses of $4.0 million in the comparable period for 2007. The increase in operating expenses is attributable to continued business growth.

For the quarter ended march 31, 2008, net loss was $3.8 million, or $0.10 per share, compared to a net loss of $3.2 million, or $0.08 per share, for the same period in 2007. Net loss per share for the quarter ended march 31, 2008 was based on weighted average of 38,846,986 shares outstanding, compared to a weighted average of 38,900,383 shares outstanding for the comparable period in 2007.

As of March 31, 2008, cash, cash equivalents and marketable securities were $84.0 million compared to $94.6 million at December 31, 2007. The decrease in cash balance is primarily attributable to the Company's repurchase of its common stock MGT Capital investments and the purchase of shares in Medicsight PLC.

About MGT Capital Investments, Inc.

MGT Capital Investments, Inc. is a technology holding company that focuses on investments in the global healthcare information technology market. The Company has two subsidiaries, Medicsight PLC and Medicexchange PLC.

Medicsight PLC (AIM: MDST) is a leading developer of computer-aided detection (CAD) software solutions. Medicsight's CAD solutions help clinicians utilizing Computed Tomography (CT) scans to identify, measure and analyze suspicious pathology within the colon and lungs. The Medicsight CAD products are validated against one of the world's largest databases of verified CT scan data collected from leading healthcare institutions from around the world. Medicsight products allow radiologists and physicians to review scans more quickly and accurately -- saving both time and lives.

Medicexchange PLC provides medical imaging professionals with a global web portal containing an online sales, jobs and information channel for diagnostic, treatment and surgery planning solutions. T
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SOURCE MGT Capital Investments, Inc.
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