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
|SOURCE MGT Capital Investments, Inc.|
Copyright©2007 PR Newswire.
All rights reserved