MGT Capital Investments, Inc. Provides Update on Recent De... ( NEW YORK Aug. 22 2011 /- MGT Capital ...)

MGT Capital Investments, Inc. Provides Update on Recent Developments

Date:8/22/2011

NEW YORK, Aug. 22, 2011 /PRNewswire/ -- MGT Capital Investments, Inc. ("MGT", "we", or "the Company") (AMEX: MGT), a holding company engaged in the medical imaging industry, is providing the following update on recent developments at the Company and its majority-owned subsidiary Medicsight PLC ("Medicsight" or "MDST"). In addition, MGT is reporting a summary of its recently filed financial results (via SEC Form 10-Q on August 15, 2011) for the period ending June 30, 2011.

Highlights:

On July 8, 2011, both the Company and Medicsight announced the initiation of internal investigations through Special Committees of the Boards of Directors relating to the potential misappropriation and/or misdirection of corporate funds. Based upon the substantially complete results of the investigation, the Company has concluded that no adjustments or restatement of prior issued financial statements is required. Although the investigation remains on-going, the Board is confident that the Company's financial statements will not require a material restatement as a result of any additional irregularities discovered in the future. Furthermore, the Company intends to seek all possible methods of recovery or restitution where appropriate and where the cost of doing so will not be greater than the expected outcome.

In late July 2011, Medicsight was informed by the Japanese Ministry of Health, Labor and Welfare ("MHLW") that several statistical data errors were encountered in their review of the application for approval of its MedicRead software for use in CT Colonography procedures. Following informal guidance from MHLW, the Company has decided to withdraw the current submission and is assessing the next course of action. In the meantime, the Board of Directors of Me
'/>"/>

SOURCE MGT Capital Investments, Inc.
Copyright©2010 PR Newswire.
All rights reserved

0

GOOD

Page: 1 2 3 4 5 6
Related medicine technology :

1. Poniard Pharmaceuticals Provides Year-End Clinical Update at 2007 Lazard Capital Markets Healthcare Conference
2. Replidyne to Participate on Anti-infective Panel at RBC Capital Markets Healthcare Conference
3. Paul Capital Healthcare Purchases Additional Royalty Interest in GlaxoSmithKlines Rotarix(R)
4. Aegerion Pharmaceuticals, Inc. adds Peter Garrambone to Board of Directors, Secures Additional Capital for Clinical Trials
5. Foundation Venture Capital Group Invests in UMDNJ Company Working to Improve Leukemia Treatments
6. BioInformatics, LLC New Report - Capitalizing on New Opportunities for Stem Cell Products, Now Available
7. Atlanta-based Med Tech Company CardioMEMS Raises Additional Capital to Advance its CHAMPION Clinical Trial for its Wireless Sensor System for Heart Failure Monitoring
8. Despite Limited Capital Equipment Purchases In 2009, The Global Powered Surgical Instrument Market Held Its Value At $800 Million
9. Baxa Addresses Health-System Capital Shortage With New Programs for IntelliFlowRx(TM) and IntelliFill i.v.(R)
10. New Fall Allergy Capitals(TM) Reveal the Most Challenging Cities for Allergy Sufferers
11. Accumetrics Announces $16.5M in New Capital Financing

Post Your Comments:

(Date:5/22/2013)... May 22, 2013 Attorney Advertising -- Bronstein, ... on behalf of purchasers of the securities of ... AMAG -News). The investigation focuses on whether the ... On May 22, 2013, Shares of ... after the company announced in regulatory filing that ...

(Date:5/22/2013)... , May 22, 2013 Accuray Incorporated ... its management is scheduled to present at the 2013 ... on Thursday, June 6, 2013 at 1:30 ... of the presentation will be available online from the ... . The webcast replay of the presentation ...

(Date:5/22/2013)... , May 22, 2013 JenaValve Technology, Inc., a ... implantation (TAVI) systems for the treatment of aortic valve disease, ... enaValve Eval U ation of Long Term P erformance ... E vere Ao R tic Stenosis (JUPITER) Registry at EuroPCR ... registry to evaluate five-year long term safety and effectiveness of ...

Breaking Medicine Technology:Bronstein, Gewirtz & Grossman, LLC Announces Investigation of AMAG Pharmaceuticals, Inc. 2 First Results Of The JUPITER Registry On Long Term Performance And Safety Of The Transapical JenaValve TAVI System 2 First Results Of The JUPITER Registry On Long Term Performance And Safety Of The Transapical JenaValve TAVI System 3 First Results Of The JUPITER Registry On Long Term Performance And Safety Of The Transapical JenaValve TAVI System 4

[0] Bronstein, Gewirtz & Grossman, LLC Announces Investigation of AMAG Pharmaceuticals, Inc.[0] Accuray Incorporated to Present at 2013 Jefferies Global Healthcare Conference [0] First Results Of The JUPITER Registry On Long Term Performance And Safety Of The Transapical JenaValve TAVI System

... Oct. 6 Medco Health Solutions, Inc. (NYSE: MHS ... 2010 earnings guidance in a press release before the market ... release, management will hold a conference call to review the ... , To access the live conference call via telephone: ...

... Oct. 6 Foundation Radiology Group (FRG), the ... in downtown Pittsburgh, recently added Shawn Kramer, Director ... , Kramer, a 20-year client services veteran, has ... Services, Ceridian, and XO Communications. , As the ...

Cached Medicine Technology:Medco Announces Date for Third-Quarter 2009 Financial Results; Company to Provide 2010 Earnings Guidance 2 Foundation Radiology Group Adds Shawn Kramer, Director of Client Services 2

Medco Announces Date for Third-Quarter 2009 Financial Results; Company to Provide 2010 Earnings Guidance Foundation Radiology Group Adds Shawn Kramer, Director of Client Services

(Date:5/23/2013)... FindUrgentCare.com launched updates to its website to include an ... The new advanced feature allows patients to search for ... insurances accepted and hours of operation. This upgrade provides ... and receive targeted results to fit their needs. ... patients in a non-emergency, non-hospital setting. These clinics usually ...

(Date:5/23/2013)... Nashville, TN (PRWEB) May 23, 2013 ... to enhance nurse understanding of the professional role and ... , Roland Joy, vice president of patient care services ... explains, "TAMC nurses are excellent clinicians, and we want ... profession, teach them that to lead they must follow, ...

(Date:5/23/2013)... Home Buy made its debut at a gala event, ... the latest properties coming up in town. The new service ... a concession on the prices of the flats. The unique ... for the services rendered to them. , The company ... Buy will be the commission that it charges from builders, ...

(Date:5/23/2013)... Long-Term Care Insurance shopping site LTC Tree has ... for Long Term Care Insurance are approved by insurance companies ... to buy a Long Term Care Insurance policy is an ... purchase protection are increasingly being turned away by insurance companies, ... variety of chronic conditions appear to be responsible for the ...

(Date:5/23/2013)... Worth, Texas (PRWEB) May 23, 2013 911 ... highly anticipated expo will begin on May 22 and run ... with education and information about the company's emergency vehicle ... their brand new 2013 Dodge Charger at the expo. , ... and sirens on the market and can be seen by ...

Breaking Medicine News(10 mins):Health News:Find Urgent Care Launches New Site Design and Functionality to Provide Advanced Search Options for Users in Need of an Urgent Care Clinic 2 Health News:Find Urgent Care Launches New Site Design and Functionality to Provide Advanced Search Options for Users in Need of an Urgent Care Clinic 3 Health News:OnSomble, Inc. Partners with The Aroostook Medical Center to Enhance Nurse Understanding of the Professional Role 2 Health News:Group Home Buy, a Unique Facility for Home Buyers, Launched in Style 2 Health News:More Baby Boomers Rejected by Long Term Care Insurance Companies 2 Health News:More Baby Boomers Rejected by Long Term Care Insurance Companies 3 Health News:911 Signal USA Attends the 2013 Southwest Police Fleet Expo 2

[0] Find Urgent Care Launches New Site Design and Functionality to Provide Advanced Search Options for Users in Need of an Urgent Care Clinic [0] OnSomble, Inc. Partners with The Aroostook Medical Center to Enhance Nurse Understanding of the Professional Role [0] Group Home Buy, a Unique Facility for Home Buyers, Launched in Style [0] More Baby Boomers Rejected by Long Term Care Insurance Companies [0] 911 Signal USA Attends the 2013 Southwest Police Fleet Expo

... The University of California,San Francisco (UCSF) Center ... BreastCancerTrials.org, a free, non-profit, clinical trial,matching service ... or at risk for breast cancer., ... to:, http://www.prnewswire.com/mnr/breastcancerclinicaltrials/34846/ , BreastCancerTrials.org is the ...

... Music industry veteran and TV personality Randy Jackson has ... year to help people living,with type 2 diabetes understand ... them to enroll in The Heart of Diabetes(TM),campaign. Sponsored ... information and tools for people living with,type 2 diabetes, ...

... Increased 6.4% Versus a Year Ago; EPS was $1.17, ... 10.4%*, NEW BRUNSWICK, N.J., Oct. 14 Johnson ... third quarter of,2008, an increase of 6.4% as compared ... and the positive impact of currency was 3.1%.,Domestic sales ...

... surveillance challenges of world,s largest ... ... FairWarning, Inc., the,world,s leading supplier of cross-platform healthcare ... market leading software,aimed at serving the needs of sophisticated ...

... MBRK ), a pharmaceutical company focused on,developing and ... CEO John Thievon will be,presenting at the Rodman & ... Hotel in New York City on Nov. 11, 2008, ... the presentation can be accessed by going to,the Events ...

... Also debuts TMR,09 campaign, IRVINE, Calif., ... a global leader of innovative therapies,for ischemic ... surgical products for,transmyocardial revascularization (TMR), sponsored an ... Annual Transcatheter Cardiovascular,Therapeutics (TCT) meeting in Washington, ...

UCSF Launches Nationwide Clinical Trial Matching Web Site for Breast Cancer Randy Jackson and the American Heart Association Encourage New York City Residents to 'Get in the K.N.O.W.' About Improving Type 2 Diabetes Management Johnson & Johnson Reports 2008 Third-Quarter Results:FairWarning(R) Announces New Privacy Surveillance Software Release MiddleBrook to Webcast Management Presentation at the 10th Annual Rodman & Renshaw Healthcare Conference Cardiogenesis Announces Successful Educational Symposium Targeted at Cardiologists at the TCT Meeting in Washington, D.C.

... Laboratories is a national reference laboratory and ... and development. ARUP offers an extensive test ... tests in clinical and anatomic pathology. Owned ... clients include more than half of the ...

... ARUP Laboratories is a national reference ... laboratory research and development. ARUP offers an ... unique medical tests in clinical and anatomic ... ARUP Laboratories' clients include more than half ...

... ARUP Laboratories is a national reference laboratory ... research and development. ARUP offers an extensive ... medical tests in clinical and anatomic pathology. ... Laboratories' clients include more than half of ...

Medicine Products:

Albuterol, Urine Albumin, Body Fluid Al, Serum Ag (Silver)