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MGT Capital Investments Reports Second Quarter 2008 Financial Results and Provides Update on Recent Developments
Date:8/8/2008

ecent Developments

-- As of August 8, 2008, MGT Capital repurchased approximately 6.3 million shares of common stock;

-- In June 2008, data presented at the European Society of Gastrointestinal and Abdominal Radiology (ESGAR) 2008 Conference found that Medicsight ColonCAD technology assisted radiographers in identifying 100 percent of the cancers within the study group;

-- In May 2008, Medicsight PLC ("Medicsight") signed an exclusive CAD clinical research agreement with leading American CT colonography (CTC) radiologists Dr. Perry Pickhardt and Dr. David Kim from the University of Wisconsin Medical School, USA. In 2004, Dr. Pickhardt's group was the first to establish a third-party reimbursed CT colonography colorectal cancer screening programme. Since then Drs. Pickhardt and Kim have both played an instrumental role in building the clinical evidence base that has proven the comparable effectiveness of CTC for the detection of colorectal neoplasia within an asymptomatic population in relation to optical colonoscopy. Their specialist advice and experience of CTC practice will enhance the clinical validation of Medicsight's Colon CAD products set in the context of the world's largest healthcare market;

-- In April 2008, Medicsight signed a Partnership Agreement with INFINITT Company Limited ("Infinitt"). Infinitt has agreed to integrate Medicsight ColonCAD into its Colon solution for global distribution. As well as being South Korea's leading PACS supplier, Infinitt also has a growing presence in both the USA and Japan with a global network of offices, partners and sales channel representatives in 26 countries; and

-- In the six months ended June 30, 2008, Medicsight was granted regulatory approval for MedicRead Colon from the Chinese State Food and Drug Administration (SFDA) and the Brazilian National Health Surveillance Agency (ANVISA). More recently, Medicsight received Brazilian ANVISA regulatory approval for its ColonCAD produc
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SOURCE MGT Capital Investments, Inc.
Copyright©2008 PR Newswire.
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