MGT Capital Investments, Inc. (NYSE MKT: MGT) today announced the development of Clear Skies, a revolutionary new platform designed to allow a company to implement a layer of security for data stored in the Cloud.  This allows a company to ensure any lapses of security at the Cloud level do not subject the company's data to breaches, effectively providing the same level of security as an on premise database.

"Founded on the tenants of security, anonymity and privacy, Clear Skies is an enterprise-level application that gives businesses and customers full control of their data and provides de-facto end-to-end encryption. Clear Skies provides the same end-user convenience and benefits as the traditional Cloud, but without the risk and consequences of hosting data on somebody else's servers, only to be hacked when they fail to keep us safe," said Eijah. "Privacy must come first. To see the true beauty of the sky we must first get rid of the clouds."

Powered by the Demonsaw technology, Clear Skies allows businesses to collaborate in real-time, synchronize and share files, audio and video chat, configure on-the-fly anonymous traffic routing networks similar to TOR, and secure applications that were previously vulnerable to hackers, such as clear-text email and web browsing. Clear Skies enables businesses and individuals to break free from the cyber security limitations of Cloud data storage, empowering them to take back control of their future.

The solution to cyber security threats is not to relinquish more of our data, but to keep it close where it is safest. Clear Skies is just the beginning to the groundbreaking ways that we can integrate the Demonsaw technology to meet the emerging needs of the Business world," said Mr. McAfee. "Behind every Cloud is a silver lining. Change is coming. MGT would like to welcome you to Clear Skies."

Increasingly, businesses have discovered that data storage in the Cloud is not the paradise that was once promised. Companies and individuals trust their most precious and sensitive information, freely given, to these online entities every day.  As history has shown, when the companies managing the Cloud get hacked, their accountability is rare and the companies or individuals that whose data was exposed are left holding the bag.

While the Cloud may promise convenience, it cannot guarantee security. Through Clear Skies, companies will be able to access the benefits of the Cloud without surrendering control of their data.

About MGT Capital Investments, Inc. 
MGT Capital Investments, Inc. (NYSE MKT: MGT) is in the process of acquiring a diverse portfolio of cyber security technologies. With cyber security industry pioneer, John McAfee, at its helm, MGT Capital is positioned to address various cyber threats through advanced protection technologies for mobile and personal tech devices, including tablets and smart phones.  The Company is currently in the process of acquiring D-Vasive, a provider of leading edge anti-spy software, and Demonsaw, a provider of a secure and anonymous file sharing software platform. 

MGT Capital intends to change its corporate name to "John McAfee Global Technologies, Inc." upon closing of the D-Vasive transaction.

For more Information visit the company site mgtci.com