Mace Sells Electronic Surveillance Business to SecureCheck LLC
– SecureCheck will pay Mace Security International cash for the business
– SecureCheck will promote and support the Mace® brand of electronic surveillance products
– SecureCheck will also pay Mace an ongoing royalty for use of the Mace® brand
– Deal allows Mace to further focus on consumer and tactical markets
– Future royalty streams helps to insure future profitability for Mace Security International
CLEVELAND – November 8th, 2016 – Mace Security International Inc. (OTCPINK: MACE) today announced the sale of the electronic surveillance business to Houston based SecureCheck LLC. The transaction includes a royalty agreement for the use of the world renowned brand name on certain electronic surveillance products.
“SecureCheck LLC is the right partner for Mace due to their expertise and their commitment to customer service. It is very important for Mace Branded customers to have the same positive experience regardless of the product or service provided stated John McCann – President and CEO of Mace Security International.”
Mace Security International and SecureCheck LLC have begun to transfer responsibility for the business and anticipate the transition will be complete prior to the end of 2016. Both companies anticipate being able to launch new products and services under the Mace Brand name in 2017.
Mace recently reported a profitable second quarter and anticipates continued profitability in third quarter and beyond. “We believe this transaction with Secure Check will build on that profitability in the months and years to come” notes Chairman Richard Barone.
“SecureCheck LLC, a leading security solutions provider is proud to be the newest member of the MACE family. “Our strategic partnership with this world class, internationally-renowned brand is a perfect fit, and a great addition, to our portfolio of security services and products. There is unlimited potential for success with the combined resources of our two companies,” observes Jack Molho, CEO of SecureCheck LLC.
About SecureCheck, LLC.
SecureCheck LLC is an industry leader in Total Security Solutions©. Its CEO, Jack Molho reiterates the company’s philosophy by saying “If it’s important to you, it’s important to us.” SecureCheck employs only the most experienced professionals with the industry leading experience needed to safeguard what is most valuable to you.
“We stand ready to provide a turnkey solution to your security concerns. Our employees are prepared to tailor a system to your specific needs. Whether designing a new program of protection, installing or servicing your existing system, SecureCheck is the only call you should make.”
The firm is proud to be led by law enforcement and security professionals who understand the needs of our clients. SecureCheck is proud to provide proven results to commercial, industrial, corporate and residential clients. The company offers state of the art burglar/intrusion and detection systems, video surveillance-utilizing the latest in analytical software as well as remote video monitoring and access control systems. Accuracy is not an option, it is the essential principal on which all SecureCheck services are based.
SecureCheck also offers its customers the best in monitoring facilities. Exclusively utilizing Underwriters Laboratories/UL Listed, CSAA Five Diamond and FM Certified Central Station Monitoring services. Only a fraction of monitoring companies have achieved this exclusive recognition and we are proud to offer this as one of our premier service options.
“We’re on guard so you don’t have to be!”
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 pepper spray products. The company also offers aerosol defense sprays and tactical products for law enforcement and security