MGT Capital Investments Launches DraftDay Rapid Fire iPhone App
HARRISON, N.Y., March 19, 2015 /PRNewswire/ -- MGT Capital Investments, Inc. (NYSE MKT: MGT) announced today that its Rapid Fire mobile app has received release approval by Apple's iTunes App Store. Details can be found at www.draftday.com/app and the game can be downloaded beginning today. DraftDay Rapid Fire presents a new and exciting way to play daily fantasy sports while on the go. Players will enjoy all their favorite fantasy sports with Rapid Fire, including professional and college football, baseball, basketball, golf and hockey.
Two variations are offered: Rapid Fire and Rapid Fire Max. Winning prizes range from roughly double the entry fee to nearly 20 times. Both versions will challenge and reward the skill of casual fantasy sports fans, in addition to number-crunching enthusiasts. Current DraftDay players can log in using their existing accounts and new users will experience quick signup to an industry leading platform.
Robert Ladd, Chief Executive Officer of MGT, stated, "We are very pleased to expand our presence in the mobile space with today's iOS app. This fun, fast, and exciting game style is highly accessible, addressing the time constraints of many players in the daily fantasy space."
About MGT Capital Investments, Inc.
MGT Capital and its subsidiaries operate social and real money gaming sites online and in the mobile space, including ownership of the 3rd largest daily fantasy sports wagering platform, www.DraftDay.com. The Company also offers games of skill through www.MGTplay.com and social casino games with SlotChamp™, and also operates an online portal for fantasy sports news and commentary, www.FantasySportsLive.com. MGT also launched Daily Fantasy Legend in partnership with Facebook to become the First Daily Fantasy Platform on Social Media. In addition, the Company owns intellectual property relating to slot machines and has asserted its claims via patent infringement lawsuits.
Forward-looking Statements
This press release contains forward-looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." MGT's financial and operational results reflected above should not be construed by any means as representative of the current or future value of its common stock. All information set forth in this news release, except historical and factual information, represents forward-looking statements. This includes all statements about the Company's plans, beliefs, estimates and expectations. These statements are based on current estimates and projections, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include issues related to: rapidly changing technology and evolving standards in the industries in which the Company and its subsidiaries operate; the ability to obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new business, license and sign new agreements; the unpredictable nature of consumer preferences; and other factors set forth in the Company's most recently filed annual report and registration statement. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Readers should carefully review the risks and uncertainties described in other documents that the Company files from time to time with the U.S. Securities and Exchange Commission.
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SOURCE MGT Capital Investments, Inc.
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