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

on building up the site's content, with more than 200 sources currently supplying updated news and articles. Medicexchange has also been increasing the number of vendor agreements with medical software providers worldwide."

Recent Developments

1 Tim Paterson-Brown, MGT Chairman and CEO, acquired 250,000 shares of MGT

common stock from an existing shareholder in a single private

transaction at $3.75 per share, for $937,500.

2 MGT announced recent commercial partnerships for its subsidiary company

Medicexchange PLC, a global web portal that delivers sales, jobs and

information channels for diagnostic, treatment and surgery planning

solutions across breast imaging, cardiac imaging, musculoskeletal

imaging, abdominal-pelvic imaging, thoracic imaging and neuro imaging

from a range of different companies. The first partnership is with

AllHealthcareJobs.com, whereby Medicexchange utilizes the

AllHealthcareJobs.com job bank search engine to populate

jobs.medicexchange.com. The second partnership is with Valley Forge

Publishing Group (VFPG) who have signed an exclusive agreement to be

Medicexchange's sole advertising agent.

3 MGT recently engaged KCSA Worldwide as the Company's new outside

Investor Relations firm. In doing so, it is the Company's intention to

provide shareholders with an additional avenue through which they can

garner better insight into the MGT story and to more effectively reach

its rapidly expanding roster of existing and potential investors.

Financial Results for the nine months ended September 30, 2007

For the nine months ended September 30, 2007 and September 30, 2006 our revenues from operations were $12,000 and $0, resulting from the sale of Medicsight software licenses.

Total operating expenses in nine month period ended September 30, 2007 were $14.1 million, compared to total o
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SOURCE MGT Capital Investments, Inc.
Copyright©2007 PR Newswire.
All rights reserved

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