MGT Capital Investments (MGT) Announces Release of Demonsaw 3.0

August 9, 2016 3:36 PM EDT

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MGT Capital Investments, Inc. (NYSE MKT: MGT) has announced the release of Demonsaw 3.0, a secure and decentralized x-platform information-sharing application with end-to-end encryption and no client P2P.

Demonsaw 3.0 inherits the security and anonymity principles from Demonsaw 2.0 but makes many advances in network communication, speed, security, anonymity and extensibility. The entire application was re-written from the ground-up based on user feedback.

Demonsaw 3.0 revolutionizes file sharing. Users now control everything. They will choose what routers to trust, the type of tunnel used when connecting to a network, customizable and theme-able interfaces, and much more. "Demonsaw 3.0 has been designed for speed, security and end-user customization, and will be our framework for bringing killer features such as file sync, media streaming, VOIP and, eventually, an enterprise version," said Eric "Eijah" Anderson, creator and proposed Chief Technology Officer of MGT.

Demonsaw can be used to secure banking transactions, replace certificate based VPN's, encrypt audio and video conferencing, streaming real-time content, and securing any type of data. This technology is different from most products because it avoids peer-to-peer communications; leverages cryptography in a more user-friendly way than similar products; and can be used as a self-hosted private Cloud for businesses seeking to avoid Cloud-based vulnerabilities.

"Every industry needs this type of security, and MGT is focused on bringing it to them in a simple, powerful and cost-effective way. And, yes, we have already begun development on Clear Skies and Demonsaw 4.0. Both will be available in Spring 2017," said Eijah.

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