August, 2011 Press Releases

August 19th, 2011

Mace Security International, Inc. Announces Appointment of Michael E. Smith as Chief Executive Officer

HORSHAM, PA– August 19, 2011 – Mace Security International, Inc. (“Mace” or the “Company”) (OTCQB: MACE) announced that Michael E. Smith has been appointed as the Company’s Chief Executive Officer, effective on August 18, 2011.  Mr. Raefield, the Company’s current Chief Executive Officer and President, has notified the Company that he will resign as Chief Executive Officer and a director of the Company after the completion of his employment contract, effective on August 18, 2011.

Mr. Smith has served as a director of the Company since June 18, 2010.  Mr. Smith has been an independent consultant and Managing and Founding Partner of Chesterbrook Growth Partners, a consulting organization focused on providing strategic and operational advice to small to medium size firms in the security, auto-identification and electronic components industries.  During 2001 and 2002,     Mr. Smith was President and Chief Executive Officer of Checkpoint Systems, Inc., a New York Stock Exchange listed company engaged in the security industry.  During Mr. Smith’s 14 year tenure at Checkpoint, Mr. Smith also held the positions of Executive Vice President and Senior Vice President.  The Company and Mr. Smith have orally agreed that Mr. Smith will serve as the Company’s Chief Executive Officer and will receive two hundred forty thousand dollars ($240,000) in base annual compensation, and a five thousand dollar ($5,000) monthly bonus program, in addition to customary Company benefits.  The base compensation is disclosed on an annualized basis, even though the compensation will be earned ratably over the period that Mr. Smith serves as Chief Executive Officer.  The compensation will be paid every two weeks in accordance with the normal Company procedures.  The Company and Mr. Smith intend to enter into a written employment agreement in due course.

Richard A. Barone, Mace’s Chairman of the Board, stated, “We thank Dennis Raefield for his years of service and dedication to Mace as our CEO and as a member of our Board of Directors.  We wish Dennis the best in his future endeavors.  We also welcome Michael Smith in his new role as Chief Executive Officer, and we are excited about the experience Mike brings to Mace in the security industry including his expertise in providing strategic and operational advice to small and medium size companies.”

About Mace
Mace Security International, Inc. 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 is www.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 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.


August 16th, 2011

Mace Security International, Inc. Completes Offering

HORSHAM, Pa. – August 16, 2011 – Mace Security International, Inc. (“Mace” or the “Company”) (OTCQB: MACE) announced the completion of an offering of unsubscribed shares of common stock (the “Available Shares”) from the Company’s recently completed rights offering at a price of $0.20 per share.  The Available Shares were registered under a Registration Statement filed with the Securities and Exchange Commission, which was declared effective on June 29, 2011.  The offering of the Available Shares commenced on August 2, 2011 and ended on August 15, 2011.  The offering was made pursuant to a Prospectus dated June 30, 2011 and a Prospectus Supplement dated August 2, 2011.  The Company sold 838,100 shares of the offered common stock.  The shares sold were in addition to the 22,372,616 shares sold in the Company’s previously announced Rights Offering and the 20,000,000 shares sold to Merlin Partners, LP, and its two assignees.  With the completion of the sale of the recently offered shares, Mace has 58,946,441 shares of common stock outstanding.

Dennis Raefield, Mace’s CEO and President stated, “We are happy to have completed the offering.  The offering raised $167,620 of additional net proceeds.  The net proceeds from the Rights Offering, the sale of common stock to Merlin Partners, LP and its two assignees and the completed offering total approximately $8.2 million.  The net proceeds will be used to pay debt, fund operations and marketing efforts and expand the Company’s business, as more fully described in the Prospectus and the Prospectus Supplement.”

About Mace
Mace Security International, Inc. 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 is www.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 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.


August 11th, 2011

Mace Security International, Inc. 2011 Second Quarter Results Investor Conference Call

Horhsham, PA – August 11, 2011 – Please note the following details for the upcoming Mace Security International, Inc. Investor conference call:

Event Title: Mace Second Quarter 2011 Results Call
Date: Wednesday, August 17th, 2011
Time:
 2:00 PM EDT, 11:00 AM PDT
Audio details: 
Please call (877) 719-8065. Conference ID # 90184757

A digital recording of the teleconference will be available after 6:00 PM EDT on the day of the call until August 31, 2011. The recording can be accessed by dialing (855) 859-2056 and entering the conference ID: 90184757

About Mace
Mace Security International, Inc. 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 is www.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 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.


August 2nd, 2011

Mace Security International, Inc. Completes Rights Offering

HORSHAM, PA– August 2, 2011 – Mace Security International, Inc. (“Mace” or the “Company”) (OTCQB: MACE) announced the completion of its registered rights offering to its stockholders pursuant to a Registration Statement (“Registration Statement”) filed with the Securities and Exchange Commission that was declared effective on June 29, 2011 (the “Rights Offering”).  Under the Rights Offering, each Mace stockholder was given the right to purchase three shares of common stock for each share of common stock owned of record on June 27, 2011, at an exercise price of $0.20 per share.  A total of 22,372,616 shares of common stock were purchased in the Rights Offering.  Of the 22,372,616 shares of common stock purchased, 16,305,144 were purchased under the basic subscription right and 6,067,472 were purchased through the oversubscription privilege.  Net proceeds after expenses from the Rights Offering were approximately $4.3 million.  Additionally, Merlin Partners, LP and its assignees will purchase 20 million shares of the Company’s common stock on August 2, 2011 under the Securities Purchase Agreement dated March 25, 2011 for net proceeds of $3,750,000.

As described in the Company’s prospectus dated June 30, 2011, the unsubscribed shares of common stock (the “Available Shares”) are being offered at a price of $0.20 per share.  The offering of the Available Shares will commence on August 2, 2011, 9:00 AM; Eastern Daylight Time, and conclude on August 15, 2011, 5:00 PM; Eastern Daylight Time.  A prospectus and prospectus supplement fully describing the terms and conditions of the offering of the Available Shares, and subscription agreements for the Available Shares, may be obtained from Ancora Securities, Inc.  The Company has the right to reject any subscription in whole or in part and currently intends to accept subscriptions only on a selective basis as well as from employees and directors of the Company.

Dennis Raefield, Mace’s CEO and President stated, “We are happy with the results of our completed Rights Offering and we consider it a success.  We had previously announced that the proceeds of the Rights Offering will be used to pay debt, fund operations and marketing efforts, and make acquisitions.  The use of the proceeds of the Rights Offering and the offering of the Available Stock is more fully described in the prospectus for offering.”

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

About Mace
Mace Security International, Inc. 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 is www.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 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.