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MGT Capital Investments Reports Third Quarter 2007 Financial Results and Provides Update on Recent Developments
Date:11/9/2007

NEW YORK, Nov. 9 /PRNewswire-FirstCall/ -- MGT Capital Investments, Inc. (Amex: MGT), a holding company focused on the Healthcare Information Technology sector, today reported financial results for the third quarter ended September 30, 2007 and provided an update on strategic milestones.

Tim Paterson-Brown, MGT Chairman and CEO, stated, "We are excited about the significant progress that our company and its subsidiaries made in the third quarter. Most notably, our Medicsight subsidiary reported initial revenue for its CAD software, which received European approval earlier this year, and completed its initial public offering on the London Stock Exchange's AIM market in June 2007. We anticipate revenues from Medicsight's CAD software to ramp up quickly over the fourth quarter and 2008 through strategic distribution agreements with some of the world's largest virtual colonoscopy software providers.

"In addition, a major independent study funded by the U.S. National Institute of Health and conducted by the American College of Radiology Imaging Network (ACRIN) recently released definitive results supporting the use of virtual colonoscopies when screening for colorectal cancer. This study solidifies the message that we have been championing for some time now, which is that medical imaging offers the best solution for screening the growing number of people 50 years old and older for colorectal cancer. We believe this study will lead to a material increase in the use of virtual colonoscopies for screening worldwide."

Paterson-Brown continued, "Our Medicexchange subsidiary is also beginning to gain traction in the market, experiencing over 850% growth in monthly traffic since January 2007. We are concentrating
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SOURCE MGT Capital Investments, Inc.
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