December, 2020 Press Releases

December 16th, 2020

Mace Security International, Inc. enters into Revolving Credit Agreement

Mace Security International, Inc. enters into Revolving Credit Agreement

CLEVELAND, Ohio, December 16, 2020 – Mace Security International (OTCQX: MACE) today announces that it has entered into a one-year $2.0 million Revolving Credit Agreement with Fifth Third Bank, National Association (“the Credit Agreement”) effective December 11, 2020. The Credit Agreement is secured by substantially all Company assets. The Credit Agreement provides for monthly interest payments at a rate equal to LIBOR plus 2%. Principal is due at maturity.

Gary Medved, president and CEO commented “though we entertained multiple term sheets, in the end we wanted to partner with Fifth Third Bank, a substantial provider of loans to companies in NE Ohio, and one of the largest national lenders”. Throughout the process, Fifth Third understood the level of experience the new management team has brought to Mace, and that understanding played a large role in our final decision. With our focus on future growth of the company, it is good to know we have a financial partner such as Fifth Third in our corner”.

About Mace Security International, Inc.

Mace Security International Inc. is a globally recognized leader in personal safety products. Based in Cleveland, Ohio, the Company has spent more than 30 years designing and manufacturing consumer and tactical products for personal defense and security under its world-renowned Mace® Brand – the original trusted brand of pepper spray products. The Company’s other leading brands include Tornado® Brand stun guns and pepper spray, and Vigilant® Brand personal alarms. The Company also offers aerosol defense sprays for law enforcement and security professionals worldwide through its Take Down® Brand.

Mace Security International distributes and supports its products and services through mass-market retailers, wholesale distributors, independent dealers, e-commerce channels and through its website, www.Mace.com. For more information, please visit www.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.

Contacts:
Gary Medved
President and Chief Executive Officer
gmedved@mace.com


December 9th, 2020

Mace® Security International announces its participation in the 13th Annual LD Micro Main Event (virtual) Conference

CLEVELAND, December 9, 2020 /ACCESSWIRE/ – Mace® Security International, Inc. (OTCQX: MACE or “the Company”), a globally recognized leader in personal safety products, is pleased to announce its participation in the 13th Annual LD Micro Main Event (virtual) Conference scheduled for Tuesday December 15th at 3:40PM (EDT). Please see registration link below.

Gary Medved, CEO & President of Mace® Security International, states “after a very strong 3rd quarter we’re excited to present our story of growth, as well as our strategy going forward. Personal safety is on the minds of many consumers and we’re extremely proud of having the #1 brand name in this space, as well as the best products in the world.”

Sanjay Singh, Executive Chairman, added “We are excited to share the future potential of Mace® Brand as an investment opportunity. Our focus for the near term includes sharpening our on-time deliveries and landing new retailers. The awareness campaigns anchor our future growth as does our focus on providing empowerment to customers through new products and product line extensions.”

Register here: https://ve.mysequire.com/

About Mace® Security International, Inc.:

Mace® Security International, Inc. (MACE) 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 and security 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, KUROS!® Brand personal safety products, Vigilant® Brand alarms, and Tornado® Brand pepper spray and stun guns. MACE® distributes and supports Mace® Brand products through mass market retailers, wholesale distributors, independent dealers, Amazon.com, Mace.com, and other channels. For more information, visit www.mace.com.

Press Contact:
Gary Medved, President & CEO
gmedved@mace.com
(440) 424-5322