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Medicsight PLC Provides Business Update
Date:2/24/2009

NEW YORK, Feb. 24 /PRNewswire-FirstCall/ -- Medicsight PLC, a subsidiary of MGT Capital Investments, Inc. (NYSE Alternext US: MGT) and an industry leader in the development of Computer-Aided Detection (CAD) and image analysis software, which assists radiologists in the early detection of disease, today provided an update on recent events.

The proposed decision of the CMS (Center for Medicare and Medicaid Services) in the U.S. not to reimburse CT colonography for colorectal cancer screening has been made in spite of consistent lobbying made by professional groups and advisors. Although this proposed decision comes as a disappointment for Medicsight, the CMS continues to cover CT colonography as a diagnostic procedure (i.e. where the patient has already presented symptoms of bowel disease) and the Company is confident that the decision will not affect the long term viability of the business model. A number of the private health insurers currently do reimburse CT Colonography both as a standard screening procedure and a diagnostic procedure, and the number is expected to gradually increase. The general consensus within the industry is that the CMS will revisit this decision.

One of the reasons cited for the proposed CMS decision was that CT colonography is not as accurate for detecting polyps as the current gold standard, optical colonoscopy when the scans are read by less experienced reviewers. Software such as Medicsight's ColonCAD(TM), which assists radiologists in their detection of polyps, could significantly help to overcome this problem.

Medicsight has global partnership agreements in place with leading visualization and PACS/ OEM partners that provide access to the U.S., Japan, Europe, China and other markets. Medicsight's ColonCAD application is already installed (but not activated) on a significant number of these partner workstations. Upon the Company receiving FDA and MHLW clearance, Medicsight
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SOURCE MGT Capital Investments, Inc.
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