June, 2011 Press Releases

June 30th, 2011

CEO Letter to Mace Stockholders

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June 2011
Dear Mace Stockholders:
Thank you for your continued support throughout this past year as the Mace team worked to resolve
several challenging issues. The management team is focused on re-financing the company, indentifying
strategic business opportunities, and continuing cost containment programs. We are committed to
creating long-term shareholder value.
The economy continues to be challenging. We are meeting the challenge by divesting our remaining noncore and under-performing assets while working to reinvest in key acquisitions that will increase our
revenues and leverage the Mace brand. We have also expanded our marketing efforts for our existing
I hope you can join us on July 14, 2011 for our Annual Stockholders Meeting to be held in New York City
at 11:00 AM at the New York Athletic Club.
Overview of 2010:
• Mace settled its arbitration dispute with its former CEO for an agreed upon amount of $4.6
million. With this settlement, all legal actions between the former CEO and Company have
been dismissed and mutual releases became effective.
• Mace joined the OTCQB™ exchange on September 30, 2010 operated by OTC Markets, Inc.
OTCQB™ designates securities of OTC traded companies that are registered and fully
reporting with the Securities and Exchange Commission.
• Mace Security Products, Inc. launched MaceView™, a new line of security surveillance and
recording equipment value-engineered for its small business and home security customers,
and MacePro™, a new line of equipment designed to meet professional security needs and
• Mace CSSS (“Mace CS”) located in Anaheim, CA received the prestigious “CSAA Five
Diamond Certification.” According to CSAA, “fewer than 100 central stations out of 2,700
nationwide have achieved this honor.” The certification signifies that 100% of Mace CS
operators have achieved proficiency and certification by passing the CSAA Central Station OnLine Operator Training Course.
• Mace completed the sale of five of its Texas car washes in 2010 and the first quarter of 2011
for total net proceeds of approximately $2.4 million, net of closing costs and after paying down
existing debt of approximately $1.6 million. These five sales reduced the number of owned or
leased car washes to three, one of which is currently under an agreement of sale.
• Mace resolved its environmental law violations with the state of Vermont by agreeing to pay a
fine of $100,000. The plea agreement of a Mace subsidiary was accepted by the court in May
2011, as proposed.
• Mace completed the sale of its non-core business, Linkstar Corporation, the e-commerce
division of its digital media marketing operation, generating net proceeds of approximately $1.1
million.Looking ahead:
• We completed our first planned expansion of our Central Monitoring Station (Mace CS) located
in Anaheim, CA, with the March 2011 acquisition of The Command Center Inc. based in
Corona, CA. This acquisition was an important component of our future goal of making further
investments in the recurring monthly revenue (“RMR”) central monitoring station business.
• With the announcement of our soon to be launched MaceBuddi GPS tracker/locator/panic
button, we are expanding our products division by offering new products that have RMR
potential, through leveraging our state-of-the-art central monitoring station with personal safety
• In 2011, with the anticipated funding from our planned rights offering, we will recapitalize the
Company, allowing us to focus on additional central monitoring station acquisitions, increasing
marketing efforts for our Personal Defense division, and introducing security products that
enhance our central station offerings. The Mace brand is uniquely positioned in the personal
safety industry and future marketing campaigns will focus on reinforcing the valuable Mace
brand name as a recognized security products leader for consumers.
We at Mace appreciate your loyalty and support. We look forward to a brighter future as we execute our
business strategies.
Dennis Raefield
Mace Security International, Inc.

June 2nd, 2011

Plea Agreement with US Attorney Regarding EPA Violations by Mace Security International’s Vermont Subsidiary Has Been Accepted by the Court

HORSHAM, Pa. — June 2, 2011 — Mace Security International, Inc. (“Mace”, “Corporation” or the “Company”) (OTCQB: MACE) announced that the Federal District Court for Vermont (“Court”) has accepted the guilty plea of Mace Personal Defense, Inc., to one felony charge of storing hazardous waste at its Bennington, VT facility and to pay a fine of $100,000. Mace Personal Defense, Inc. is a wholly owned subsidiary of the Company.

As previously disclosed by the Company in its periodic report filings made under the Securities Exchange Act of 1934, the United States Attorney for the District of Vermont (the “U.S. Attorney”) conducted an investigation of the Company relating to possible violations of the Resource Conservation and Recovery Act (“RCRA”) at the Company’s Bennington, Vermont location for the period of 1998 through early 2008. On November 16, 2010, the U.S. Attorney filed a one count indictment charging Mace Security International, Inc. and Jon Goodrich with a felony of storing hazardous waste without a permit under 42 U.S.C. Section 6928(d)(2)(A). Mr. Goodrich is the President of Mace Personal Defense, Inc., the Company’s defense spray division located in Bennington, Vermont. The Company resolved the indictment brought against it through a Plea Agreement entered into between Mace Personal Defense, Inc. and the U.S. Attorney. On May 26, 2011, the Court accepted the Plea Agreement and the guilty plea of Mace Personal Defense, Inc., to one count of violating 42 U.S.C. § 6928(d)(2)(A) (Storage of Hazardous Waste Without a Permit). The Court also imposed a fine of $100,000 (the “Fine”) and a court assessment of $400 against Mace Personal Defense, Inc; $34,000 of the Fine was paid on May 26, 2011, and two additional installments of $33,000 each, are due on July 4, 2011 and January 4, 2012. The Company guaranteed the payment of the Fine. The United States dismissed the indictment that was brought against the Company and agreed not to prosecute Mace Personal Defense, Inc. (excluding the charge to which Mace Personal Defense, Inc pled guilty ) or the Company for any criminal offenses known to the United States Attorney’s Office of Vermont as of the date of signing of the Plea Agreement committed by the Company or Mace Personal Defense, Inc. in the District of Vermont relative to the storage, shipment, handling or disposal of hazardous waste, including any associated record keeping or reporting offenses. Mace Personal Defense, Inc was placed on probation until the Fine is paid in full. The charges against Mr. Goodrich are still pending and are being defended by Mr. Goodrich.

Dennis Raefield, Mace’s CEO and President stated, “Our Board of Directors and I are satisfied with the resolution of the environmental charges that related back to 1998 through 2008. At no time was there any leak or risk to the public, and the site has been fully remediated with new environmental safety policies and procedures put into place.” 

About Mace
Mace Security International, Inc. (OTCQB:MACE) is a manufacturer of personal defense and electronic surveillance products marketed under the famous brand name Mace®, and the owner and operator of a wholesale central monitoring station.  Mace’s web site iswww.mace.com.  The Mace Central Station website is www.macecs.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 economic conditions, dependence on management, our ability to compete with competitors, dilution to shareholders, and limited capital resources.  A discussion of factors that could materially adversely affect the Company’s financial performance and cause actual results for future periods to differ materially from the statements expressed within this press release, and management’s opinions, 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 also be read in conjunction with the financial statements and notes contained in Mace’s annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K.