December, 2014 Press Releases

December 31st, 2014

Mace® to Launch Less-Lethal Tactical Munitions Products at SHOT Show

Full Tactical Munitions Offering Returns Mace® to its Law Enforcement,
Correction and Military Roots

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December 301, 2014 CLEVELAND, OH – Mace Security International (OTCPINK: MACE) (“Mace® Brand”) announces a return to a core business of supplying less than lethal tactical munitions and weapons systems for law enforcement, corrections and military markets. Through its subsidiary, Mace Tactical Solutions (MTS), the Company has recently expanded its offering to include a complete line of less than lethal munitions to its law enforcement, corrections and military customers. Mace® Brand now offers our customers and partners “a full range of product solutions” for their less than lethal product requirements. A comprehensive catalog of products is available on the Mace Tactical web site – www.macetactical.com

“Less than lethal products, training and solutions can effectively solve many of the problems that first responders face today.” said John McCann, Mace Security International’s President and CEO. “Mace® Brand is proud to return to its roots with a full offering of high quality, innovative and reliable less than lethal products and solutions.”

“Our goal in this market is to provide the highest quality product and the highest level of service in the industry for this category of products.  The entire MTS team will be ready to service any order – large or small – and do so quickly and efficiently. We’ve already secured our Federal Firearms License and our Federal Explosives License and expect to commence order fulfillment in 2015,” said Eric Crawford, VP of Sales. “There is no better place to launch this broad product offering than the SHOT Show.  The Mace booth which is #20141 will be an exciting and very busy place at the SHOT Show.”

Anyone interested in more information before, during or after the SHOT Show can contact Eric Crawford directly at ecrawford@mace.com 802-753-1272 or Doug Melzig at dmelzig@mace.com or 802-753-1208.

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.


December 30th, 2014

MACE SECURITY TO REPLACE CONVERTIBLE DEBT WITH LESS COSTLY STAND-BY FINANCING

REPURCHASE RETIRES POTENTIAL ISSUANCE OF 7.3MM MACE SHARES

Mace Security International, Inc. is pleased to announce that it and Merlin Partners, the holder of its 6% Convertible Debenture (due 3/31/16 and currently convertible at $0.192 per share), have agreed on a repurchase of the debenture. This purchase price is at a significant discount to the Debenture’s current conversion value, while at a premium to the debt’s face value. The elimination of the debenture will result in Mace® saving interest costs over the next 15 months.  The repurchase also eliminates the potential issuance of 7.3 million Mace shares at an effective cost of $0.315 per share, a substantial discount to Mace’s current market price.

To retire the debt, Mace will utilize a portion of its current excess cash. However, in order to insure that Mace® still has adequate capital and financial flexibility to respond to new product and potential acquisition opportunities that may arise, the Company has obtained commitments from a group of private investors, including some members of Mace’s Board of Directors.  These commitments are for standby financing by way of a put arrangement on approximately $2mil of convertible notes on terms more favorable than the current debenture.   This arrangement gives Mace® the right to financing if and when Mace’s Board deems it advantageous for the company to borrow under terms of the new notes, which are subject to finalization in January 2015.  The put will have a term of two years with Mace® paying a commitment fee of 2.5% annually, enabling cost savings until Mace® exercises the put.

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.