Medicsight PLC has received approval from the Chinese State Food and Drug Administration for its MedicRead Colon workstation. Medicsight will launch this workstation via a Chinese dealer network.

"Medicsight PLC, a subsidiary of MGT Capital Investments, Inc. (AMEX:MGT), announced that it has received approval from the Chinese State Food and Drug Administration ('SFDA') for its MedicRead Colon workstation. Medicsight willh launch this workstation via a Chinese dealer network which gives the Company access to almost 1000 sales representatives.

David Sumner, Chief Executive of Medicsight, commented: "This is another significant milestone for Medicsight and we are delighted to have received approval from the SFDA. China is one of the world's fastest growing medical imaging markets and is one of Medicsight's core target markets, with a high installed base of MDCT (multidetector computed tomography), high incidence of colorectal cancer and a large population. In anticipation of this approval, Medicsight has been working closely with its Chinese dealer network in preparation for the national launch in Guangzhou during the May Chinese Society of Abdominal Radiology congress."

Qi Ji, President of the Chinese Society of Radiology, said, "We have been working with Medicsight for three years as part of their Chinese clinical program. We have been delighted with the performance of Medicsight's products, which have proven to make a marked difference in the speed and accuracy of our diagnosis. As the number of patients in China increases, CAD software is becoming increasingly important for radiologists where improved workflow and productivity support their efforts to save lives. I am delighted that Medicsight's products will now be available to radiologists across China."

MedicRead Colon is an advanced visualization workstation for CT Colonography and combines Medicsight's ColonCAD computer-aided detection technology with 3D imaging tools to assist radiologists in the detection of colorectal neoplasia (polyps). This software reduces the workload of radiologists by automatically highlighting suspicious areas on scan images, and may also help radiologists detect possibly malignant tumors at an early stage when treatment is most likely to be successful."