Mace Press Releases

June 27th, 2019

Mace Announces Timing for 2019 Investor Day

 

Investor Relations Contact:

Mark E. Barrus
Senior Vice President, Chief Financial Officer, and Secretary
Mbarrus@mace.com
(216) 539-0485

CLEVELAND, June 27, 2019 /ACCESSWIRE/ – Mace Security International, Inc. (OTCQX: MACE), a globally recognized leader in personal safety products, today announced details for its annual Investor Day to be hosted Thursday, July 18, 2019 at the company’s Cleveland headquarters. Presentations are scheduled to start following the annual shareholders meeting at approximately 10:30 am EDT and conclude at approximately 12:00 pm EDT. A live question and answer session will be included in the session.

Mace’s Investor Day 2019 will feature an overview of the company, a discussion of business performance and strategy, and a showcase of current products, branding, and previously announced licensing initiatives.

Speakers include:

Gary Medved, President and Chief Executive Officer
Mark Barrus, Senior Vice President and Chief Financial Officer
Julie Koenig, Vice President of Sales

About Mace Security International, Inc.:

Mace Security International, Inc. (MSI) 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 MTS ® Brand, Vigilant® Brand alarms which are the world-wide leader and number one recognized brand in personal alarms, and Tornado ® Brand pepper spray. MSI distributes and supports Mace® Brand products and services through mass market retailers, wholesale distributors, independent dealers, e-commerce channels, and other distributors. For more information, visit www.mace.com.

Forward-Looking Statements

This presentation contains certain forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995. The words “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “aspiration,” “objective,” “project,” “believe,” “continue,” “on track” or “target” or the negative thereof and similar expressions, among others, identify forward-looking statements. All forward looking statements are based on information currently available to management. Such forward-looking statements are subject to certain risks and uncertainties that could cause events and the Company’s actual results to differ materially from those expressed or implied. Please see the disclosure regarding forward-looking statements on the Company’s Annual Report on the OTCQX website or on www.mace.com. The company assumes no obligation to update any forward-looking statements.

Related Links
http://www.mace.com


June 20th, 2019

Notice of 2019 Annual Meeting of Stockholders


NOTICE OF 2019 ANNUAL MEETING OF STOCKHOLDERS

Date: Thursday July 18, 2019
Time: 10 a.m. Eastern Daylight Time
Location:
Mace Security International, Inc.
4400 Carnegie Avenue
Cleveland, OH 44103

To Mace Security International, Inc. Stockholders:

We invite you to attend the 2019 Annual Meeting of Stockholders of Mace Security International, Inc. (“Mace” or the “Company”). At this meeting, you will be able to vote on the following proposals, together with any other business that may properly come before the meeting.

1. Election of seven directors to the Board of Directors for one-year terms. The Board has nominated for election Denis J. Amato, Bradley J. Dickerson, George C. Gehrisch, Cheryl B. McMillan, Daniel Perella, Hussien Shousher, and Sanjay Singh. Biographical information for each nominee and the Board of Directors’ recommendation is attached hereto.

2. Ratification of the appointment of Skoda Minotti & Co. as Mace’s independent public accounting firm for fiscal year 2019. Information about the Board of Directors’ recommendation is attached hereto.

You may vote on these proposals in person by attending the Annual Meeting or by proxy. If you cannot attend the 2019 Annual Meeting, we urge you to complete and return promptly the enclosed proxy card in the enclosed self-addressed postage paid envelope so that your shares will be represented and voted at the Annual Meeting in accordance with your instructions. Any stockholder may revoke their proxy before it is exercised by giving a later dated proxy, or by giving notice of revocation to the Company in writing before or at the 2019 Annual Meeting. However, the mere presence at the 2019 Annual Meeting of the stockholder granting a proxy will not revoke the proxy. Unless revoked by notice, shares represented by valid proxies will be voted on all matters to be acted upon at the 2019 Annual Meeting. On any matter or matters with respect to which the proxy contains instructions for voting, such shares will be voted in accordance with such instructions. Abstentions and broker non-votes will be deemed to be present for the purpose of determining a quorum for the 2019 Annual Meeting. An abstention or a broker non-vote will have no effect with respect to Proposal 1, but will be counted as “votes against” with respect to proposal 2. Brokers who have not received voting instructions from beneficial owners generally may vote in their discretion with respect to ratification of the selection of the independent certified public accounting firm, but will not be able to vote with respect to Proposal 1. Broker non-votes will not affect the outcome of any new proposals brought before the 2019 Annual Meeting.

Only stockholders of record at the close of business on June 14, 2019 can vote at the Annual Meeting and any adjournment or postponement of the Annual Meeting. As of the record date, there were approximately 63,249,834 shares of common stock outstanding.

By Order of the Board of Directors,

____________________________

Mark E. Barrus

Senior Vice President, Chief Financial Officer and Secretary

 

 

Cleveland, Ohio
June 20, 2019

 

 

IMPORTANT NOTICE REGARDING THE AVAILABILITY OF FINANCIAL INFORMATION FOR THE 2019 ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON July 18, 2019:

Mace Security International, Inc.’s audited consolidated financial statements for the year ended
December 31, 2018 are available on the OTCQX Market web site via the Internet at http://www.otcmarkets.com/stock/MACE/financials

 

 

THE PROPOSALS

Proposal 1 – Election of Directors

Election of seven directors to the Board of Directors for a one-year term and until their respective successor is duly elected and qualified.

Nominees
Denis J. Amato               Bradley J. Dickerson
George C. Gehrisch      Cheryl B. McMillan
Daniel Perella              Hussien Shousher
Sanjay Singh

Four director nominees currently serve on the Board of Directors and all seven were nominated by the Company’s Nominating Committee and approved by the Board of Directors. All nominees have agreed to be nominated to stand for election at the 2019 Annual Meeting. Directors are elected by a plurality vote of shares present in person or represented by proxy at the Annual Meeting. Shares represented by proxies that withhold authority to vote in the election of directors will not be counted in the election of directors in favor of any nominee and will have no effect on the director election.

Biographical information for each nominee appears below.

Denis J. Amato C.F.A., age 74, is a private investor. Mr. Amato retired from Ancora Advisors, where he was Director of Microcap Equities. His investment experience spanned five decades, including serving as Chief Investment Officer for a major Cleveland bank trust department as well as with Ancora Advisors. He has both a BBA in Economics and an MBA in Finance from Case Western Reserve University and is a Chartered Financial Analyst.

Bradley J. Dickerson, age 54, most recently was at Blue Apron from February 2016 until April 2019. Blue Apron is a direct-to-consumer ingredient-and-recipe meal kit service, operating throughout the United States. At Blue Apron, he served as CEO from December 2017 until April 2019 and CFO from February 2016 until December 2017. Prior to Blue Apron, Mr. Dickerson was at Under Armour, Inc in Baltimore, MD from 2004 until 2016. While at Under Armour he held various executive positions, including CFO/COO in 2015-2016 and CFO from 2008 through 2014. Mr. Dickerson brings 32 years of financial, operational, and executive experience, the last 15 years with brands going through substantial growth and involving product, channel, and geographic expansion.

George C. Gehrisch, Jr., age 57, was appointed to the Company’s Board of Directors on March 9, 2018 and is the Chairman and Chief Executive Officer of RKI, Inc., d/b/a Roll-Kraft, headquartered in Mentor, OH. Roll-Kraft is an innovative supplier of tube and pipe tooling and roll forming tooling used by manufacturers around the world to produce thousands of products. Prior to being appointed to his current position, Mr. Gehrisch led Roll-Kraft as its President for more than 20 years. Mr. Gehrisch has led Roll-Kraft to actively focus on the goal of providing customers with 100% on-time deliveries and first-time performance. Through his leadership the company has become known around the world as an industry leader and for its superior service and reliable quality tooling.

Cheryl B. McMillan, age 60, has been a Vistage Chair for 14 years. As a Vistage Chair, she leads two groups of non-competing business executives: one group of CEOs, Presidents and Business Owners, and one group of Senior Executives who report directly to them. Prior to joining Vistage, she had over 25 years of broad business experience, including being a President, CFO (CPA, Retired) and board member of a strategic alliance for a group of 18 non-related owners. She has assisted in the formation of new companies as well as the integration of acquisitions. She is an active member of Friends of the Summit Board of Directors and is a former Treasurer of a non-profit board and founding chair of its foundation.

Daniel V. Perella, age 49, is a Co-Founder, President and Chief Operating Officer of IdeaStream Consumer Products, in Cleveland, Ohio. The Company was founded in 2002 and is focused on designing and developing creative and innovative product solutions that drive incremental sales and profits for its retail customers. Mr. Perella brings nearly 27 years of experience in the retail marketplace to Mace. Prior to the founding of IdeaStream Consumer Products, Mr. Perella worked for 10 years at Manco, Inc (now known as Shurtech). During his time there he had numerous roles, including Vice President of Wal-Mart Sales. Additionally, prior to his entrepreneurial journey, he was Manco’s Executive Vice President of Sales.

Hussien Shousher, age 60, was the recent CEO of GEM Inc. and GEM Energy and was with the Rudolph Libbe Group of companies for 25 years. During Mr. Shousher’s tenure, GEM expanded to multiple locations throughout three states with over 1,000 employees. GEM Inc., headquartered in Walbridge, OH, is a leading single-source specialty contractor with multiple self-performance trades as well as consulting and energy management services. GEM Inc. is annually ranked among the top 100 on the Engineering News-Record top 600 Specialty Contractors. GEM Energy optimizes the efficiency of facilities for reduced operating costs through energy management and procurement, building controls, HVAC and facility management services. Mr. Shousher is currently focused on executive mentoring, coaching, and advising business leaders and established professionals.

 

Sanjay Singh, age 52, was appointed to the Company’s Board of Directors on March 9, 2018 and is the President of RKI, Inc., d/b/a Roll-Kraft, headquartered in Mentor, OH. Roll-Kraft is an innovative supplier of tube and pipe tooling and roll forming tooling used by manufacturers around the world to produce thousands of products. At Roll-Kraft, Mr. Singh directs and leads the company’s efforts to excel in operational efficiencies and market penetration. He has most recently sharpened the company’s continuous improvement focus to meet the company’s goals of 100% on-time delivery and first-time performance. Mr. Singh also leads the company’s private investment initiatives in lower middle market companies located in northeast Ohio. Mr. Singh has held various financial executive leadership roles in Fortune 1000, privately held and private equity backed portfolio companies across various industries, including consumer products, manufacturing and service. Mr. Singh currently serves as an advisor to the Boards of two non-profit organizations and a technology startup.

 

The Board of Directors recommends that you vote FOR the election of Denis J. Amato, Bradley J. Dickerson, George C. Gehrisch, Jr., Cheryl B. McMillan, Daniel V. Perella, Hussien Shousher and Sanjay Singh to Mace’s Board.

 

Proposal 2 – Ratification of Independent Public Accounting Firm

Ratification of the Audit Committee’s appointment of Skoda Minotti & Co. as Mace’s independent public accounting firm for fiscal year 2019.

 

The Audit Committee has approved engaging Skoda Minotti & Co. as Mace’s independent public accounting firm for the fiscal year ended December 31, 2019. Skoda Minotti & Co. served as Maces’ independent public accounting firm since the fiscal years ended December 31, 2014. Approval of Proposal 2 will require the affirmative vote of the holders of a majority of the Common Shares represented in person or by proxy and entitled to vote at the Annual Meeting. Approval of Proposal 2 will not preclude the Board or Audit Committee from selecting a different independent public accounting firm at any time during the fiscal year if it determines such a change would be in the best interests of the Company and its stockholders.

The Board of Directors recommends that you vote FOR the ratification of the appointment of Skoda Minotti & Co. as Mace’s independent public accounting firm for fiscal year 2019.

 

 

 


May 16th, 2019

Muse Named Agency of Record for Mace® Brand

 

This strategic partnership propels the personal safety company into its next chapter of growth

CLEVELAND, Ohio, May 16, 2019 (OTCQX: MACE) – Muse, a brand strategy and content marketing firm, has been named agency of record for Mace® Brand, the consumer arm of Mace Security International, Inc. and a global leader in personal safety products. The collaboration marks an exciting new chapter as the company reinvigorates its brand and marketing strategies.

“We went through an extensive RFP process to find the right agency partner,” said Gary Medved, CEO of Mace Security International. “Muse came to the table with a strong understanding of our category and audience perceptions. They led with solid business insight and brand strategy to drive the development of creative ideas.”

Mace® Brand invented pepper spray in 1965 and holds a special place in the marketplace as the preferred choice for effective, yet less-lethal, self-defense solutions. Building off of the company’s legacy, Muse will create a brand strategy and awareness campaign that educates the public about the power of being prepared, safe and confident.

“As we take Mace® Brand into the next phase with Muse, we’re keenly aware of the looming threats that people hear about and fear,” adds Medved. “We’ll build on our legacy of innovation to tailor self-protection products for specific lifestyles so our customers can walk through the world with confidence.”

As a female-led marketing firm, Muse offers special insight into the challenges that many women face in feeling safe, particularly in unfamiliar or scary situations. Nevertheless, the firm recognizes that Mace® Brand is right for all people in many different scenarios.

“Mace® Brand is committed to not only manufacturing the highest-quality products but to spark a broader movement of personal protection,” said Jackie Bebenroth, principal and founder of Muse. “We’re excited to work with Mace leadership to create inspiring and educational content that empowers people to lead safer, more confident lives. Especially with the help of less-lethal self-defense products that carry fewer risks than alternatives.”

 

Gary Medved, CEO of Mace Security International

 

Jackie Bebenroth, Principal & Brand Advisor at Muse Content Group

 

About Mace® Security International, Inc.

Mace® Security International, Inc. (MSI) 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. MSI 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, visit www.mace.com.

 

About Muse
Muse is a marketing firm headquartered in Cleveland, Ohio offering brand strategy, content marketing and content amplification services to clients across the country. The firm’s proprietary message-first methodology helps brands better connect with audiences and communicate with clarity, intrigue and confidence. Learn more at www.MuseHeadquarters.com


May 13th, 2019

Mace Reports First Quarter 2019 Financial Results

 

  • Net sales increased to $2,712,000 or 14.7% over same period in 2018
  • Net loss of ($856,000) for the quarter, which includes severance charges of $277,000 as well as non-cash stock compensation expense totaling $236,000
  • Adjusted EBITDA of ($223,000) for the quarter

 

CLEVELAND, Ohio – Mace Security International Inc. (OTCQX: MACE) today released unaudited financial results for the quarter ended March 31, 2019.

The Company is pleased to announce another quarter of double-digit revenue growth of 14.7% over the same period in 2018. The Company grew its top line sales through organic growth as well as benefitting from prior year strategic acquisitions. The Company’s net loss in the quarter includes non-cash charges relating to stock compensation of $236,000. This amount was higher than the same period in the prior year primarily due to an acceleration of the vesting of certain prior stock awards as well as the issuance of new executive stock awards. The net loss also reflected a charge for severance payments of $277,000.

President and CEO Gary Medved commented: “We are pleased that the Company has seen another quarterly increase in net sales versus the prior year. While we continue to work on resetting the company for profitable future growth, we are pleased that these efforts are beginning to bear fruit.  For example, we executed two significant marketing and branding agreements with globally known organizations to extend and expand the Mace ® Brand. We expect these agreements to lead to incremental sales beginning in the third quarter.”

 

First Quarter 2019 Financial Highlights

  • Gross profit increased $83,000 compared to the same quarter in 2018
  • Gross margin for the quarter was 39.5%, compared to 41.8% in the same quarter of 2018.
  • SG&A expenses increased over the same period last year primarily due to severance, legal and professional, and non-cash stock compensation increases.

  

First Quarter 2019 Operational Highlights

  • Agreements were signed with two globally known brands, giving the Company the ability to utilize these brands to gain access to thousands of potential new customers, new sales channels, as well as existing customers of the brand. These Agreements were structured with minimal fixed contractual cost to Mace, and are expected to begin adding to revenue by third quarter 2019
  • The Company successfully integrated its previously announces Tornado ® acquisition, including transfer of all inventory, intangible assets, and customer relationships

 

Conference Call

Mace® will conduct a conference call on Tuesday May 14, 2019 at 1 PM EDT, 10 AM PDT to discuss its financial and operational performance for the quarter.

Participant Toll-Free Dial-In Number: (877) 719-8065; Conference ID 6966839

A full set of the consolidated financial statements are available on www.Mace.com. A digital recording of the conference call will be available for replay two hours after the call’s completion. The date ranges the recording will be available are listed below. To access the recording, use the dial-in number listed below and the conference ID 6966839.

Encore dial-in number: (855) 859-2056   or (404) 537-3406
Encore dates: 05/14/2019 16:00 Eastern Time – 05/16/2019 23:59 Eastern Time
To access the recording, guests will be required to enter the Encore security code: 31833

 

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 Companies other leading brands include Tornado® Brand stun guns and pepper spray, and Vigilant® Brand alarms. The Company also offers aerosol defense sprays and tactical products 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.

 

# # #

 

In this press release, the Company’s financial results and financial guidance are provided in accordance with accounting principles generally accepted in the United States (GAAP) and using certain non-GAAP financial measures. Management believes that presentation of operating results using non-GAAP financial measures provides useful supplemental information to investors and facilitates the analysis of the Company’s core operating results and comparison of operating results across reporting periods. Management also uses non-GAAP financial measures to establish budgets and to manage the Company’s business. A reconciliation of the GAAP financial results to non-GAAP financial results is included in the attached schedules.

 

Contacts:

Gary Medved

President and Chief Executive Officer

gmedved@mace.com

 

Mark Barrus

SVP and Chief Financial Officer

mbarrus@mace.com


May 9th, 2019

Announcement of First Quarter 2019 Earnings Call

Mace® will conduct a conference call on Tuesday, May 14, 2019, at 1 PM EDT, 10 AM PDT to discuss its financial and operational performance for the quarter ended March 31, 2019.

Participant Toll-Free Dial-In Number: (877) 719-8065; Conference ID 6966839

A digital recording of the conference call will be available for replay two hours after the call’s completion. The date ranges the recording will be available are listed below. To access the recording, use the dial-in number listed below and the conference ID 6966839.

Encore dial-in number: (855) 859-2056 or (404) 537-3406

Encore dates: 05/14/2019 16:00 Eastern Time – 05/16/2019 23:59 Eastern Time

To access the recording, guests will be required to enter the Encore security code: 31833


April 1st, 2019

Mace Security International, Inc. Hires New Vice President of Sales

Julie Koenig Appointed to Lead Sales Strategy

 

 CLEVELAND, Ohio –April 1, 2019 – Mace Security International, Inc. (OTCQX: MACE), a globally-recognized leader in personal safety and security, is proud to announce the addition of Julie Koenig as Vice President of Sales, effective March ­­25, 2019. In her new role, she will be responsible for developing and implementing sales strategies that drive growth and customer loyalty.

With almost 20 years of sales, account management and marketing experience from companies such as Party Animal Inc. and US Cotton, LLC, Koenig brings a strong background in brand and channel development, as well as product innovation. In her most recent role as Vice President of Sales and Marketing at Party Animal Inc., Koenig oversaw sales strategy and channel distribution for licensed products in the toy, flag and wall décor categories. As the Vice President of Sales and Marketing at US Cotton, LLC, she helped the company achieve and maintain 85 percent market share of the retail cotton industry through new product and sales strategies.

“Julie’s big box retail experience and superior skillset will help our company streamline efficiency, improve interactions with channel partners and ensure greater customer satisfaction,” said Gary Medved, President and CEO of Mace Security International, Inc. “She’s a strategic thinker with demonstrated leadership expertise. We believe she will position the company for continued growth and success.”

 

###

 

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. MSI 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, visit www.mace.com.

 

Contact:

Gary Medved

President and Chief Executive Officer

440-424-5322

press@mace.com


March 29th, 2019

Mace Reports Fourth Quarter and Full-Year 2018 Financial Results

 

  • Net sales increased 15.1% to $11,489,000 for 2018
  • Net loss of ($1,946,000) for 2018, which includes non-cash charges totaling $1,514,000 for Note Receivable write-downs, inventory write-downs, and other non-cash charges.
  • Adjusted EBITDA of $172,000 for the year

 

CLEVELAND, Ohio – Mace Security International Inc. (OTCQX: MACE) today released audited financial results for the year ended December 31, 2018.

The Company is pleased to announce another year of double-digit growth in 2018. The Company has grown its top line sales through organic growth as well as benefiting from prior year strategic acquisitions. The Company’s net loss in 2018 included non-cash charges of $1,514,000.

New President and CEO Gary Medved commented: “We are pleased that the Company has seen its fourth straight year of increase in net sales. While we are not satisfied with the overall financial results, we see 2018 and early 2019 as a period of resetting the company for profitable future growth.”

Since Mace established a new senior management team in early 2019, the Company has focused on

  • Replenishing leadership in the operational and sales areas
  • Explored several significant partnering opportunities which it expects to announce in Q2 of 2019
  • Continued investments in advertising and content marketing to promote, protect and grow the Company’s brands

Fourth Quarter/ Full-Year 2018 Financial Highlights – Compared to 2017

  • Net sales relatively comparable to prior year for Fourth quarter; up 15.1% year-to-date
  • Gross profit decreased ($769,000) or (25.4) margin points compared to the same quarter in 2017 including non-cash inventory write downs of $358,000 in the fourth quarter of 2018; Gross margin for the full year 2018 was 37.9%, including the (3.5%) margin impact for the non-cash inventory charges, compared to 44.1% in 2017.
  • EBITDA of ($1,523,000) for 2018, and adjusted EBIDTA of $172,000 compared to $248,000 and $377,000, respectively, for the 2017 year

 

Fourth Quarter / Full Year 2018 Operational Highlights

The Company, with the full year of benefit from the 2017 acquisitions of Washington Laboratories and Vigilant, as well as continued growth in its ecommerce channel was able to grow revenues by 15.1% despite flat sales in its largest channels, traditional consumer and sporting goods. SG&A expenses also held steady as a percent of net sales at approximately 41%. Financial performance was challenged by noncash charges totaling $1,514,000 for the year.

 

Conference Call

Mace® will conduct a conference call on Tuesday April 2, 2019 at 10:00 AM EDT, 7:00 AM PDT to discuss its financial and operational performance for the quarter and full-year ended December 31, 2018. The participant conference call number is (877) 719-8065 conference ID: 8172817.  A full set of the consolidated financial statements are available on www.Mace.com. A digital recording of the conference call will be available for replay two hours after the call’s completion. To access the recording, use the dial-in number listed below and the conference ID number 8172817 :

Encore dial-in number: (855) 859-2056   or (404) 537-3406
***In addition to the toll-free number listed above, you can also dial (800) 585-8367 to access your recording.***

Encore dates: 04/02/2019 13:00 Eastern Time – 04/04/2019 23:59 Eastern Time

 

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 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 pepper spray products. The Company also offers aerosol defense sprays and tactical products for law enforcement and security professionals worldwide through its Take Down® brands, and Vigilant® Brand alarms which is the world-wide leader and number one recognized brand in personal alarms.

Mace Security International distributes and supports Mace® Brand products and services through mass-market retailers, wholesale distributors, independent dealers, e-commerce channels and through its website, 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.

 

 

 

 

In this press release, the Company’s financial results and financial guidance are provided in accordance with accounting principles generally accepted in the United States (GAAP) and using certain non-GAAP financial measures. Management believes that presentation of operating results using non-GAAP financial measures provides useful supplemental information to investors and facilitates the analysis of the Company’s core operating results and comparison of operating results across reporting periods. Management also uses non-GAAP financial measures to establish budgets and to manage the Company’s business. A reconciliation of the GAAP financial results to non-GAAP financial results is included in the attached schedules.

 

Contacts:

Gary Medved
President and Chief Executive Officer
gmedved at mace.com

Mark Barrus
SVP and Chief Financial Officer
mbarrus at mace.com

 


March 14th, 2019

Mace Security International Inc. Hires New Director of Human Resources

Angela Anderson Appointed to Lead HR Strategy and Personnel Development

 

CLEVELAND, Ohio –March 14, 2019– Mace Security International, Inc. (OTCQX: MACE), a globally-recognized leader in personal safety and security, is proud to announce the addition of Angela Anderson as Director of Human Resources, effective March 11, 2019. In her new role, Anderson will ensure that the company’s human resources programs and initiatives are aligned with overall business objectives and performance goals.

With more than 20 years of human resources experience from companies such as Home Depot and AT&T Wireless, Anderson brings a strong background in process improvement, recruiting, training, and development. In her most recent role as Chief Human Resources Officer of The HELP Foundation, she oversaw talent acquisition and retention, employee relations, rewards and recognition, and performance management programs.

“We’re thrilled to welcome Angela to our team,” said Gary Medved, President and CEO of MSI. “Her HR leadership and expertise will add significant value as we position the company for continued growth and success. Our employees are our most critical asset, and I look forward to working with her to attract, develop and engage strong talent today and in the future.”

 

###

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. MSI 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, visit www.mace.com.

 

Contact:

Gary Medved

President and Chief Executive Officer

440-424-5322

press@mace.com


February 6th, 2019

Mace Security International, Inc. Acquires Tornado Security Products

 

Acquisition Strengthens Mace® Brand Market Position and Growth Potential

CLEVELAND –February 6, 2019 – Mace Security International, Inc. (MSI) (OTCQX: MACE), a globally-recognized leader in personal safety and security, announced today the acquisition of the assets of Tornado Security Products, a personal self-defense company based in Ferndale, Washington. The acquisition was effective January 18, 2019.

“This transaction reinforces the Mace® Brand as the leader in the less-lethal, personal self-defense product category, and gives both brands access to new retail channels and partnerships,” said Gary Medved, President and CEO of MSI. “Most importantly, it empowers us to deliver even more best-in-class personal protection and security products to our valued customers.”

The Tornado brand and its associated product lines, including pepper sprays, stun guns and bear sprays for individuals and law enforcement, will be integrated into the Mace® Brand family. The acquisition is expected to have a positive financial impact within the first year of the transaction.

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. MSI 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, visit www.mace.com.

 

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Press Inquiries
Mace Security International, Inc.
Gary Medved, 440-424-5322
President and Chief Executive Officer
press@mace.com


January 22nd, 2019

Mace Security International, Inc. Appoints New Senior Leaders to Executive Team

 

CLEVELAND –January 22, 2019 – Mace Security International, Inc. (MSI) (OTCQX: MACE) has further strengthened its senior leadership team by naming Gary Medved as President and Chief Executive Officer, and Mark Barrus as Senior VP and Chief Financial Officer, effective immediately. These executive appointments position the company for its next era of growth and innovation.

Medved brings a wealth of relevant experience to his new role. Throughout his career, he has held senior leadership roles with Goodyear, Stride Tool, and Roto-Die, Inc. At Stride Tool, he increased revenue by 75 percent through organic growth while driving manufacturing efficiencies and the rollout of new, patented products and retail sales channels.

“I am thrilled to welcome Gary to our senior leadership team,” said Sanjay Singh, Vice-Chairman of the board of directors of MSI. “As we continue to pursue ambitious EBIDTA growth targets and expand into new markets, his proven leadership and technical expertise will help us achieve the next level of excellence for our company, partners and, most importantly, our customers.”

Medved holds an MBA from John Carroll University and a BSME from Penn State University. He resides with his family in Lyndhurst, OH.

“The Mace Brand has a rich history of innovation, customer service and industry-leading products,” said Medved.  “I’m excited to join this amazing team and develop strategies that reinforce our position as the market leader in the consumer, law enforcement, and tactical markets.”

As the new CFO, Barrus brings a strong financial and leadership background to MSI. He has held leadership roles at Covia Holdings Corp., a publicly traded company (CVIA, formerly FMSA), NACCO Industries (NC), and KPMG LLP. He will oversee MSI’s finance, accounting, investor relations, HR, and IT departments.

“Mark will help us sustain and grow our profitability and cash flow,” said Singh. “Additionally, he will be developing an efficient and effective capital allocation strategy as well as cost improvements while maintaining effective lender and shareholder relationships.”

Mark, an active CPA, holds a MAcc and BS degrees from Case Western Reserve University in Cleveland Ohio, and is a graduate of the Global Executive Leadership program at the Yale School of Management. Mark is a resident of Westlake Ohio and has served in various civic roles in greater Cleveland including Case Western Reserve University Accounting Advisory Board, the Cleveland Council on World Affairs, and the HELP Foundation.

While the addition of Gary and Mark has strengthened the management team, we are sorry to report Paul Hughes, former Executive V.P. at MSI, has had to resign from his position due to recent health concerns.

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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. MIS 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, visit www.mace.com.

 

Contact:

Mace Security International, Inc.

Gary Medved, 440-424-5322

President and Chief Executive Officer

press@mace.com