Horsham, PA, January 26, 2010 — Mace Security International, Inc. (“Mace” or the “Company”) (NASDAQ Global: MACE) announced its subsidiary, Mace Security Products, Inc., has launched a new interactive web-based training program in support of its Mace professional security dealer program. The new training program branded “Mace University” is chartered to provide the product knowledge and skills training required for Mace dealers to be successful while striving to reduce their operational costs though a 24/7 distance learning course. Mace University is directly accessible at www.maceuniversity.com.
The initial course offered through Mace University will be the MaceTrac™ Access Control Training and Certification Course. This course gives dealers the opportunity to become conveniently certified while learning at their own pace. Mace also offers access to an extensive catalog of security industry courses, from novice to professionals seeking continuing education credits.
John O’Leary, President of Mace Security Products, Inc. stated, “We believe this innovative training program provides an increased level of support for our Mace dealer channel and reinforces our commitment to them to increase sales and reduce costs.”
Mace Security International, Inc. is a manufacturer of personal defense and electronic surveillance products marketed under the famous brand name, Mace®. The Company also operates a Digital Media Marketing and e-commerce business. In addition, Mace owns and operates car washes, and has previously announced that it is exiting this segment of its business. The Company’s remaining car washes are located in Texas. Mace’s web site is http://mace.com.
Certain statements and information included in this press release constitute “forward-looking statements” within the meaning of the Federal Private Securities Litigation Reform Act of 1995. When used in this press release, the words or phrases “will likely result”, “are expected to”, “will continue”, “is anticipated”, “estimate”, “projected”, “intend to” or similar expressions are intended to identify “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks, known and unknown, and uncertainties, including but not limited to the final results of the independent investigation, the determination of the Panel with respect to the Company’s request for an exception to Marketplace Rule 4310(c)(14), the impact on trading in the Company’s common stock if the exception is not granted and the Company’s common stock is delisted, economic conditions, dependence on management, dilution to shareholders, limited capital resources, the effects of weather on the demand for car care services, the effects of rapid growth on Mace and the ability of management to effectively respond to that growth, our ability to achieve operating synergies, our ability to compete against established competitors, regulatory matters, the effects of competition, and our ability to obtain additional financing. Such factors could materially adversely affect Mace’s financial performance and could cause Mace’s actual results for future periods to differ materially from any opinions or statements expressed within this press release. Additional discussion of factors that could cause actual results to differ materially from management’s projections, forecasts, estimates and expectations are contained under the heading “Risk Factors” in Mace’s SEC filings, including its registration statements and its periodic reports on Form 10-K and Form 10-Q. This press release should be read in conjunction with the financial statements and notes contained in Mace’s annual reports on Form 10-K and quarterly reports on Form 10-Q.