November, 2014 Press Releases

November 21st, 2014

Mace Security Expands Take Down® Less-Lethal Tactical Munitions Product Offerings

Take Down®Products Return Mace to its Historical Law Enforcement, Correction and Military Roots

Product_Group_DSC3919_sm

November 21, 2014 CLEVELAND, OH – Mace Security International (OTCPINK: MACE) (“Mace® Brand”) announces a return to a core business of supplying less-lethal tactical munitions and weapons systems for law enforcement, corrections and military markets. Through its subsidiary, Mace Tactical Solutions, the Company has recently expanded its offerings to a complete line of chemical/impact munitions and flash/distraction/impact grenades to its law enforcement, corrections and military customers. Mace® Brand now offers these customers a “one-stop shop” for acquiring supplies needed to perform and train for their invaluable duties.

“Mace Tactical’s comprehensive new offering of Take Down® less-lethal products aligns perfectly with our Company’s current distribution channels and is another giant step by Mace® Brand toward offering the most complete solution to law enforcement and tactical organizations across the country,” said John McCann, Mace Security International’s President and CEO.

Just like the history of the world-famous Mace® Brand pepper spray dates back over a half a century, Mace® Brand’s history of supplying law enforcement, corrections and military personnel with a complete line of less-lethal munitions and weapons goes back over twenty years ago when Mace® Brand was a leading supplier to law enforcement officers across the country via its former Federal Laboratories division.  “Today, Mace® Brand is proud to return to its roots with a full and broad offering of innovative and reliable less-lethal Take Down® branded products and solutions,” said John McCann, President and CEO.

Mr. McCann stated further, “Along with the high performing Take Down® brand of less-lethal sprays already sold to law enforcement, corrections and military personnel, our new expanded offering further positions Mace Tactical as the go-to source when these personnel need to purchase superior products, service and support. Plus, we offer a higher-level, customer-focused organization that delivers unprecedented quality and responsiveness.”

Mace® Brand will provide more details about the products and its plans in the month of December, prior to Mace® Brand’s participation in the SHOT Show in Las Vegas from January 20, 2015 through January 23, 2015. Anyone interested in more information before this show can contact Eric Crawford directly at ecrawford@mace.com or Doug Melzig at dmelzig@mace.com.

About Mace Security International, Inc.

(OTCPINK: MACE) Mace® Brand Means Security
We empower your world through safety & security.

Mace Security International, Inc., located in Cleveland, Ohio, is a diversified manufacturer and provider of personal defense and security products to consumer, business, law enforcement, corrections, and military market segments under the world renowned Mace® Brand and Take Down® Brands. Since 1970, Mace® Brand has been the original trusted brand for personal defense sprays, while continuously adding high quality security products to the brand line through the years. Mace® Brand supports their products by providing warranty and educational programs for all of the various products and services.

Mace Security International directly distributes and supports its branded products and services through strategically targeted customer channels that include mass market retailers, wholesale distributors, independent dealers, e-commerce marketers, and installation service providers.

  • Personal Defense Products: Mace® Brand is the original trusted brand of pepper spray products for self-defense against attacks by people and animals. Mace® Brand has over 40 years experience developing aerosol defense spray dispensing technologies for both the consumer and law enforcement markets around the world. Mace® Brand is the original manufacturer and the market leader in the defense spray segment.
  • Mace Tactical Products. Mace Tactical offers a complete line of Take Down® Brand chemical/impact munitions and flash/distraction/impact grenades to its law enforcement, corrections and military customers. Mace Tactical’s offerings provide its customers a “one-stop shop” for acquiring supplies needed to perform and train law enforcement, corrections and military personnel for their invaluable duties.
  • Personal & Home Protection Products: Mace® Brand produces portable safety solutions for every personal and home protection need. We design and manufacture products, which provide peace of mind for our consumers.
  • Electronic Security & Surveillance Products: Mace® Brand has an entire line of high quality security cameras, digital video recorders, observation monitors and installation accessories for CCTV and IP network-based video surveillance, as well as wireless alarm security systems for local and remote monitoring. We design and manufacture surveillance equipment for every need, with both analog and high definition solutions.
  • Personal Security & Safety Wearables: Mace Wear™ is a family of products that features innovative wearable devices related to safety, security and overall personal well-being and is supported by strategic partnerships between Mace Security International, Inc., and innovative technology companies.
  • Security Monitoring Services: Mace® Brand partners with Security Partners which owns three UL/ETL/CSAA Five Diamond listed central monitoring stations throughout the USA providing full-service security & life-safety alarm monitoring to the wholesale security trade. This relationship allows Mace® Brand to provide residential, commercial, and industrial sector customers with alarm, video, and PERS monitoring services through independent security dealers.

Our mission is empowering your world through safety & security, and we mean it. We deliver the best in safety and security products and services. Through innovative products, support programs and personal customer service, we are the #1 globally recognized consumer brand in safety and security.

Contact Information: Mace Security International, Inc., 4400 Carnegie Avenue, Cleveland, OH 44103. Email to: john@mace.com. John J. McCann, President and Chief Executive Officer, 440-424-5322.


November 10th, 2014

Mace® Announces Marketing Agreement with Bearacade®

Mace_Bearacade

Cleveland, OH – 11/10/2014 – Cleveland, Ohio-based Mace Security International, Inc. and Hudson, Ohio-based National School Control Systems, LLC are pleased to announce a joint marketing agreement for safety and security products with the focus on the Bearacade® Door Control System.  The target markets for these systems include educational, corporate, nonprofit, and government institutions.

National School Control System recently was selected by Campus Safety Magazine as BEST 2014 Physical Security Device for their patent-pending Bearacade® Door Control System.  Bearacade has been adopted as part of the emergency operations plans of 72 schools and institutions in 17 states in the US.  The device is designed for hostile intruder and active shooter incidents where it is safer to shelter in place than evacuate.  Bearacade deploys in seconds on interior classroom and office doors, securing inward and outward-swinging doors, thus providing valuable time before law enforcement arrives.

Garnett Meador, Senior Vice President of Mace®, said, “we are excited to work with National School Control Systems and we believe the Bearacade® offers a new layer of added security for multiple markets throughout North America and beyond.  It is a complete door lock-down system, at a very affordable price.”

Bill Cushwa, Founder and CEO of National School Control Systems, added, “the combination of products and professionalism of our two companies offers a great solution and a comprehensive experience for each of our customers.  As we partner with our client institutions, we have the confidence in Mace® to share their expertise as a seamless and complementary partner.”  Cushwa added, “We are excited to be working with one of the world’s best-known brands – “Mace® Brand” – and the excellent team behind that brand.  We believe this is an ideal situation to be able to utilize the strengths of both companies and ultimately benefit countless organizations.”

Bearacade® devices are available for shipping today.  Products from both companies are on display and being demonstrated this week at the Ohio School Board Association’s Capital Conference and Expo at the Greater Columbus Convention Center in Columbus, Ohio.

 

About Mace Security International, Inc.

(OTCPINK: MACE) Mace® Brand Means Security

Mace Security International, Inc., located in Cleveland, Ohio, is a diversified manufacturer and provider of personal defense and security products to consumer and business market segments under the world renowned Mace® Brand.

Mace® Brand directly distributes and supports its branded products and services through strategically targeted customer channels that include mass market retailers, wholesale distributors, independent dealers, e-commerce marketers, and installation service providers.

  • Personal Defense Products: Mace® Brand is the original trusted brand of pepper spray products for self-defense against attacks by people and animals. Mace® Brand has over 40 years experience developing aerosol defense spray dispensing technologies for both the consumer and law enforcement markets around the world.
  • Personal & Home Protection Products: Mace® Brand produces portable safety solutions for every personal and home protection need. We design and manufacture products, which provide peace of mind for our consumers.
  • Electronic Security & Surveillance Products: Mace® Brand has an entire line of high quality security cameras, digital video recorders, observation monitors and installation accessories for CCTV and IP network-based video surveillance, as well as wireless alarm security systems for local and remote monitoring. We design and manufacture surveillance equipment for every need, with both analog to high definition solutions.
  • Personal Security & Safety Wearables: Mace Wear™ is a family of products that features innovative wearable devices related to safety, security and overall personal well-being and is supported by strategic partnerships between Mace Security International, Inc., and innovative technology companies.
  • Security Monitoring Services: Mace® Brand partners with Security Partners which owns three UL/ETL/CSAA Five Star listed central monitoring stations throughout the USA providing full-service security & life-safety alarm monitoring to the wholesale security trade.

Contact Information:
Garnett Meador, Sr. Vice President
Mace Security International, Inc.
4400 Carnegie Avenue, Cleveland, Ohio 44103 USA
Tel: +1-440-424-5321
Fax: +1-802-442-3823
Toll Free: +1-800-255-2634
Email: garnett@mace.com
Website: www.mace.com

About National School Control Systems, LLC

Formed in Hudson, Ohio in May 2013, National School Control Systems was formed around the patent-pending and trademarked device, Bearacade® Door Control System.  National School Control Systems provides Emergency Operations Planning consulting and wayfinder signs for schools and businesses.

Contact Information:
Bill Cushwa, CEO
National School Control Systems, LLC
118 W. Streetsboro Road, Suite 173, Hudson, Ohio  44236
Tel: +1-330-715-4382
Toll Free: +1-855-350-2321
Email: bill@doorbearacade.com
Website: www.doorbearacade.com


November 5th, 2014

Mace Security International to present at Midwest Investment Conference

Mace Security International will be presenting at the Midwest Investment Conference event taking place at the Cleveland Convention Center on Tuesday, Nov. 18, 2014. The highly anticipated conference is hosted by CFA Society Cleveland, a non-profit professional organization dedicated to providing investment-related programs and services to area investment experts.

Mace Senior management will present in general sessions, and host one-on-one and small group breakout meetings with qualified institutional portfolio managers and analysts during the event.

Additionally, Mace Security will conduct a field trip and tour of the manufacturing facility for all interested investors. The field trip and tour will take place on November 19th, 2014. The field trip and tour will start promptly at 9 am and will conclude at 11 am. All investors interested in the field trip can sign up by contacting Jessica Adanich at Mace Security International via email jadanich@mace.com or by calling 440-424-5321 request extension 119. Mace Security International corporate offices are located in Mid-town Cleveland and within minutes of the Cleveland Convention Center.

About Mace Security International, Inc.

(OTCPINK: MACE) Mace® Brand Means Security

Mace Security International, Inc., located in Cleveland, Ohio, is a diversified manufacturer and provider of personal defense and security products to consumer and business market segments under the world renowned Mace® Brand.

Mace® Brand directly distributes and supports its branded products and services through strategically targeted customer channels that include mass market retailers, wholesale distributors, independent dealers, e-commerce marketers, and installation service providers.

  • Personal Defense Products: Mace® Brand is the original trusted brand of pepper spray products for self-defense against attacks by people and animals. Mace® Brand has over 40 years experience developing aerosol defense spray dispensing technologies for both the consumer and law enforcement markets around the world.
  • Personal & Home Protection Products: Mace® Brand produces portable safety solutions for every personal and home protection need. We design and manufacture products, which provide peace of mind for our consumers.
  • Electronic Security & Surveillance Products: Mace® Brand has an entire line of high quality security cameras, digital video recorders, observation monitors and installation accessories for CCTV and IP network-based video surveillance, as well as wireless alarm security systems for local and remote monitoring. We design and manufacture surveillance equipment for every need, with both analog to high definition solutions.
  • Personal Security & Safety Wearables: Mace Wear™ is a family of products that features innovative wearable devices related to safety, security and overall personal well-being and is supported by strategic partnerships between Mace Security International, Inc., and innovative technology companies.
  • Security Monitoring Services: Mace® Brand partners with Security Partners which owns three UL/ETL/CSAA Five Star listed central monitoring stations throughout the USA providing full-service security & life-safety alarm monitoring to the wholesale security trade.

Contact Information: Mace Security International, Inc., 4400 Carnegie Avenue, Cleveland, OH 44103. Email to: john@mace.com. John J. McCann, President and Chief Executive Officer, 440-424-5322.

 


November 3rd, 2014

Mace® Reports Unaudited Financial Results for the Third Quarter Ended September 30, 2014.

CLEVELAND, OH, November 3, 2014 /PRNewswire/Mace Security International Inc., (OTCPINK: MACE) today announced unaudited financial results for the third quarter ended September 30, 2014.

 

 

Financial Results, Third Quarter Ended September 30, 2014 and 2013

 

  • Net sales for the third quarter of 2014 experienced a 13% increase, compared to third quarter 2013.
  • Operating loss for the third quarter of 2014 decreased 75%, compared to third quarter 2013.
  • Net loss for the third quarter of 2014 was $ (0.01) per share, both basic and diluted, compared to a net loss of $ (0.02) per share, both basic and diluted in the same quarter a year ago, an $820,000 or $0.01 per share improvement.
  • EBITDA for the third quarter of 2014 was a loss of $291,000, compared to a loss of $1,063,000 for the third quarter of 2013, a $772,000 improvement for the quarter.
  • EBITDA, adjusted for one time charges for the third quarter of 2014 was a loss of $135,000, compared to an adjusted EBITDA of $470,000 for the third quarter of 2013.

 

 

“Sales for the third quarter of 2014 improved from prior year third quarter and are significantly higher than second and first quarter of 2014 with 21% and 31% sales increases, respectfully.    Sales through our Consumer channel for the third quarter were up 52% over prior year third quarter sales and almost equaled this year’s first and second quarter sales combined. The increase in sales through our Consumer channel is a result of sales to new customers and existing customers expanding their breadth of our products” – stated John McCann President and CEO of Mace Security International.

 

Conference Call

Mace will conduct a conference call on Wednesday, November 5, 2014 at 4:15 PM EDT, 1:15 PM PDT to discuss its financial results for the quarter and nine months ended September 30, 2014, provide an update on the business, and respond to questions.    The participant conference call number is (877) 719-8065, conference ID:  29566453.  Presentation materials for the conference call will be available Wednesday, November 5, on Mace’s website under Investor Relations, Shareholder Transcripts & Presentations.  There will also be access to a digital recording of the teleconference by calling (855) 859-2056 and entering the conference ID: 29566453.  This will be available from two hours following the teleconference until December 6, 2014.

 

A full set of the Company’s Consolidated Financial Statements can be accessed through its website: http://corp.mace.com/investor-relations/annual-reports  .

 

About Mace® Brand

Mace Security International, Inc. (OTCPINK: MACE) is the manufacturer of personal defense products and markets such products and electronic surveillance products under the well known brand name Mace®. www.mace.com.

 

 

Contact Information: Mace Security International, Inc., 4400 Carnegie Avenue, Cleveland, OH 44139. Email to: john@mace.com . John J. McCann, President and Chief Executive Officer, 440-424-5322.

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. 

 

Mace Security International, Inc.

Condensed Consolidated Balance Sheets

 (Amounts in thousands)

ASSETS

September 30,

 2014

 

December 31, 2013

Current assets:

(Unaudited)

Cash and cash equivalents

 $        370

 $         4,923

Restricted cash

Short-term investments

101

5,873

 

127

2,597

Accounts receivable, net

            1,451

 

            1,732

Inventories,  net

            1,831

 

            1,578

Prepaid expenses and other current assets

            1,274

 

1,419

Total current assets

           10,900

 

          12,376

    Property and equipment, net

             573

 

565

Other intangible assets, net

            685

 

            685

Other assets

1,215

 

1,148

Total assets

  $      13,373

 

 $        14,774

 

 

 

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current liabilities:
Accounts payable  $          472

 $            392

Income taxes payable

             59

62

Accrued expenses and other current liabilities

989

1,086

Total current liabilities

          1,520

          1,540

Long-term debt,  net of current portion

  1,205

1,106

 

Other liabilities

-

 

           230

Total stockholders’ equity

        10,648

 

        11,898

         Total liabilities and stockholders’ equity$      13,373  $         14,774

 

 

 

Mace Security International, Inc.

Condensed Consolidated Statements of Operations

Three Months Ended September 30, 2014 and 2013

(Unaudited)

(Amounts in thousands)

 

2014

 

2013

Net sales

 $       2,203

 $       1,951

Cost of goods sold

          1,316

1,313

Gross profit

        887

       638

Selling, general, and administrative expenses

          1,095

1,590

Depreciation

           40

43

Operating loss

       (248)

       (995)

Interest expense

              (58)

              (54)

Interest income

64

15

Gain on sale of short-term investments

10

18

Note write down

(100)

-

Other income (expense)

7

(1)

Loss from continuing operations before income tax provision

        (325)

(1,017)

Income tax provision

-

                -

     
Loss from continuing operations

       (325)

       (1,017)

Loss from discontinued operations, net of tax of $0

              -

              (128)

Net loss

 $      (325)

 $       (1,145)

  

Mace Security International, Inc.

Condensed Consolidated Statements of Operations

Nine Months Ended September 30, 2014 and 2013

(Unaudited)

(Amounts in thousands) 

2014

 

2013

Net sales

 $       5,703

 $       5,919

Cost of goods sold

          3,655

3,546

Gross profit

        2,048

       2,373

Selling, general, and administrative expenses

          3,685

4,434

Depreciation

           127

119

Operating loss

       (1,764)

       (2,180)

Interest expense

              (171)

              (166)

Interest income

174

41

Gain on sale of short-term investments

134

37

Note write down

(100)

-

Other income

8

(2)

Loss from continuing operations before income tax provision

        (1,719)

(2,270)

Income tax provision

-

                -

     
Loss from continuing operations

       (1,719)

       (2,270)

Income (loss) from discontinued operations, net of tax of $0

              408

              (364)

Net loss

 $      (1,311)

 $       (2,634)