April, 2016 Press Releases

April 27th, 2016

Mace Security International, Inc. Wins A’Design Award & Competition

Company honored for packaging design overhaul

Mace® Brand Hot Pink® Pepper Spray Line. Photography by Greg Nesbit.

Mace® Brand Hot Pink® Pepper Spray Line. Photography by Greg Nesbit.

CLEVELAND–()–Mace Security International, Inc., a globally recognized leader in personal safety and security, is a winner of the prestigious A’Design Award & Competition for the 2016 redesign of its Mace® Brand product packaging.

A’Design Award & Competition is the world’s largest international design awards program recognizing top designs that exhibit an exemplary level of perfection. Entries to the A’ Packaging Design Awards are peer-reviewed and anonymously judged by an expert jury panel of leading academics, influential press members and experienced professionals. Mace Security International, Inc. was honored in the Packaging Design Award – Professional Entry category.

In its award-winning entry, the company said, “The newly updated mission statement inspired Mace Security International, ‘Empowering your world through safety and security.’ It’s important to us to offer the best safety and security products to our customers and that includes a design that reflects our stance.”

The new packaging reduces PVC usage and provides the instructions for the product printed on the back of each pack instead of inserting a folded paper instruction pamphlet. This method is environmentally friendly and drastically decreases the company’s PVC footprint.

“We are thrilled to be recognized by the international design community for our packaging redesign program,” says John McCann, president and chief executive officer of Mace Security International, Inc. “Our team is doing a great job of supporting and driving our products through targeted strategic marketing, which includes innovative packaging concepts.”

Team members included in this award-winning project include lead designer Jessica Adanich, Bernie Graney, Bobbi Tonti, Eric Crawford, Patrick Barrett and Carl Smith.

A’Design Award & Competition packaging designs nominees are voted on predetermined evaluation criteria to highlight only the very best packaging design works. Other winners in this category include 7UP’s Global Visual Identity System Redesign and Purina Cat Chow Packaging Design.

About Mace Security International, Inc.:

Mace Security International, Inc. is a globally recognized leader in personal safety and security. Based in Cleveland, the company has spent more than 40 years designing and manufacturing consumer and tactical products for personal defense, security and surveillance under its world-renowned Mace® Brand – the original trusted brand of pepper spray products. The company also offers aerosol defense sprays and tactical products for law enforcement and security professionals worldwide through its Mace® Take Down® brand.

Mace Security International distributes and supports Mace® Brand products and services through mass-market retailers, wholesale distributors, independent dealers, e-commerce marketers and installation service providers. Mace® Brand products are manufactured in the U.S. For more information, please visit www.mace.com.

Contacts

Mace Security International, Inc.
Jessica Adanich, 440-424-5395
jadanich@mace.com
or
Falls Communications
Laura Pegg, 216-472-2385
lpegg@fallscommunications.com

 


April 25th, 2016

Mace Security International Adds Carl Grassi to its Board of Directors

 

Cleveland, OH. — The Board of Directors of Mace Security International, Inc. (OTCPINK: MACE) today announced that Carl Grassi has been appointed to the company’s Board, effective immediately. Grassi, 57, is president of McDonald Hopkins LLC, where he acts as corporate counsel and business advisor to a number of public and private companies. With today’s action, the Mace Board now stands at seven directors, six of whom are independent.

“Carl is a superb lawyer who also brings a deep understanding of corporate strategy and enterprise value creation to the table,” said Richard Barone, non-executive chairman of the board. “His specialized expertise in mergers and acquisitions will be invaluable to us as we continue to execute our long-range growth strategy.”

Grassi received a degree in business administration from John Carroll University in 1981 and earned his Juris Doctor from Cleveland-Marshall College of Law in 1984. He serves on boards of private companies and non-profit organizations.  He is currently the chairman of the Greater Cleveland Sports Commission and serves on the board of BVU | The Center for Nonprofit Excellence and the Greater Cleveland Film Commission.

Grassi will stand for re-election with the other Mace directors at the company’s 2016 annual meeting of shareholders to be held on June 7, 2016.

 

About Mace Security International, Inc.:

Mace Security International, Inc. is a globally recognized leader in personal safety and security. Based in Cleveland, the company has spent more than 40 years designing and manufacturing consumer and tactical products for personal defense, security and surveillance under its world-renowned Mace® Brand – the original trusted brand of pepper spray products. The company also offers aerosol defense sprays and tactical products for law enforcement and security professionals worldwide through its Mace® Take Down® brand.

Mace Security International distributes and supports Mace® Brand products and services through mass-market retailers, wholesale distributors, independent dealers, e-commerce marketers and installation service providers. Mace® Brand products are manufactured in the U.S. For more information, please visit www.mace.com.


April 18th, 2016

Mace Reports Fourth Quarter and Full-Year 2015 Operating Results

Mace Reports Fourth Quarter and Full-Year 2015 Operating Results

  • Net revenue increase of 17.9% for the quarter; 13.8% for full year
  • Gross profits in fourth quarter increased 8.0%; up 19.2% for full year
  • Operating loss improved 14.9%; 38.5% year over year
  • Company expects to report full financial statements  in May 2016 upon completion of year-end audit

 

CLEVELAND – April 18, 2016 – Mace Security International Inc. (OTCPINK: MACE) today announced operating financial results for the fourth quarter and twelve-month period ended December 31, 2015. (Note: Mace will release full year-end financial statements upon the resolution of a valuation issue related to certain non-operating assets. The company anticipates releasing its audited financial statements in May 2016. As a result, the company’s stock listing on the OTC PINK Market will have a notation indicating the company is delinquent in reporting its financial results until its year-end financial statements are completed and filed.)

“2015 was a terrific year for Mace as we drove significant top-line growth and margin expansion that has continued into the first quarter of 2016,” said John McCann, president and chief executive officer. “Our ability to generate steadily increasing global demand for our iconic defense sprays was key to our success in 2015. Likewise, through smart product line extensions and new product launches, we were able to increase our presence with existing customers, as well as grow our market presence in 2015.”

 

Fourth Quarter/Full Year 2015  Highlights

  • Key channels of distribution (sporting goods & consumer) net revenues up 8.6% for the quarter; and 16.9% year-to-date. Strong performance by key partners including Dick’s Sporting Goods, Cabela’s, Big 5 Sporting Goods, Amazon, Auto Zone, Lowe’s, and Meijer contributed to the increase.
  • Tactical distribution channel net revenues were up 25.1% for the quarter; and 129.8% year-to-date; 28 new agencies added for the year.
    • Company added distribution of its products at 17 new accounts for the quarter; and 83 year-to-date.
    • Selling, general and administrative expenses flat for the quarter, down 7.8% year to date.
    • Fourth quarter operating loss from continuing operations included an $88,000 non-recurring severance expense related to the departure of a senior executive.
    • Merlin Partners, LP – the company’s largest shareholder – further increased its holdings in Mace by exercising 1,178,929 warrants in December 2015.
    • During the fourth quarter of 2015, three directors who did not previously own Mace shares each initiated positions in the company.

Select Consolidated Financial Results, Fourth Quarter and Year Ended December 31, 2015 and 2014 (in thousands):

For the Three Months Ended

Dec 31,

% of Sales

Dec 31,

% of Sales

2015

2014

$ Chg

% Chg

Net revenue

$     2,051

100.0%

 $      1,740

100.0%

311

17.9%

Gross profit

         726

35.4%

            672

38.6%

   54

8.0%

Selling, general, and administrative expenses

     1,022

49.8%

         1,024

58.9%

 -2

-0.2%

Operating loss from  continuing operations

      (330)

-16.1%

       (388)

-22.3%

   -58

-14.9%

For the Twelve Months Ended

Dec 31,

% of Sales

Dec 31,

% of Sales

2015

2014

$ Chg

% Chg

Net revenue

$     7,145

100.0%

 $      6,280

100.0%

865

13.8%

Gross profit

       2,755

38.6%

      2,312

36.8%

   443

19.2%

Selling, general, and administrative expenses

     3,838

53.7%

         4,162

66.3%

  -324

-7.8%

Operating loss from continuing operations       (1,223)

-17.1%

       (1,988)

-31.7%

  -765

-38.5%

 

Mace also announced today that, as part of its ongoing strategic planning process, the Company decided to exit its electronic surveillance equipment business during the fourth quarter of 2015. “Given the aggressive expansion of our core products portfolio, our surveillance operations no longer aligns with our long-term growth strategy,” said McCann.

The results of the Surveillance operations will be included in “Discontinued Operations” during the divestiture process. The company will not comment or speculate on the potential timing or terms of a transaction involving the Surveillance operations.

 

Conference Call

Mace® will conduct a conference call on Tuesday, April 19, 2016 at 11:00 AM EDT, 8:00 AM PDT to discuss its financial and operational performance for the quarter ended December 31, 2015. The participant conference call number is (877) 719-8065, conference ID: 93040427. Presentation materials for the conference call will be available Monday, April 18, 2016 on Mace’s website under Investor Relations, Shareholder Transcripts & Presentations. A digital recording of the teleconference will be available on the Mace website within 24 hours of the teleconference.

About Mace Security International, Inc.

Mace Security International Inc. is a globally recognized leader in personal safety and security. Based in Cleveland, Ohio, the company has spent more than 40 years designing and manufacturing consumer and tactical products for personal defense, security products under its world-renowned Mace® Brand – the original trusted brand of pepper spray products. The company also offers aerosol defense sprays and tactical products for law enforcement and security professionals worldwide through its Mace® Take Down® brand.

Mace Security International distributes and supports Mace® Brand products and services through mass-market retailers, wholesale distributors, independent dealers, e-commerce marketers and installation service providers. For more information, please visit www.mace.com.

Contact:
John J. McCann
President and Chief Executive Officer
440-424-5322
john@mace.com

 

Forward-Looking Statements

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.

# # #

 


April 6th, 2016

Mace to Present at Three Upcoming Investor Conferences

CLEVELAND – April 5, 2016 – Mace Security International, Inc. (OTCPINK: MACE) today announced the company will be a featured presenter at three upcoming investor conferences:
B. Riley Conference (May 25– 26, 2016) in Hollywood, CA. For more information, please visit: http://www.brileyco.com.

Marcum LLC Conference (June 1– 2, 2016) in New York City. For more information, please visit: http://www.marcumllp.com/MicroCap/index.html.

Midwest Investor Conference (June 22, 2016) in Cleveland, Ohio. For more information, please visit: http://www.midwestinvestmentconference.org/.

 

“We are looking forward to having the opportunity to tell the Mace story at these investor events across the country,” said John McCann, president and chief executive officer, who will deliver the company’s formal presentation, as well as host one-on-one meetings with investors, during the conferences. “We want to raise investor awareness regarding several new developments, along with discussing the company’s long term growth strategy and value creation potential.”

About Mace Security International, Inc.

Mace Security International, Inc. is a globally recognized leader in personal safety and security. Based in Cleveland, Ohio, the company has spent more than 40 years designing and manufacturing consumer and tactical products for personal defense, security and surveillance under its world-renowned Mace® Brand – the original trusted brand of defense spray products. The company also offers aerosol defense sprays and tactical products for law enforcement and security professionals worldwide through its Mace Take Down® brand.

Mace Security International distributes and supports Mace® Brand products and services through mass-market retailers, wholesale distributors, independent dealers, e-commerce marketers and installation service providers. For more information, please visit: www.mace.com.

Contact:
John J. McCann
President and Chief Executive Officer
440-424-5322
john@mace.com