Mace Press Releases

August 30th, 2020

Mace® Security International announces its participation in the LD 500 Micro (virtual) Conference

Press Contact:

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

CLEVELAND, August 31, 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 LD 500 Micro (virtual) Conference scheduled for this Wednesday September 2nd at 3:40PM (EDT). Please see registration link below.

Gary Medved, CEO & President of Mace® Security International, states “we are excited to present our story of continuing revenue and profitability growth to the investment community, as well as our strategy going forward. A lot of hard work has been realized by our dedicated team members in building upon the legacy of the Mace® Brand, and we are proud to tell our story.”

Sanjay Singh, Executive Chairman, added “The need for personal safety and peace of mind has significantly changed in the last few months. We are adapting to these changing needs in an agile and thoughtful fashion. The awareness campaigns continue as does our focus on providing empowerment to customers through new products and product line extensions. We are excited to share the future potential of Mace® Brand as an investment opportunity.”

Register here: https://www.webcaster4.com/Webcast/Page/2019/36541

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.


August 20th, 2020

Mace® Security International, Inc. announces IR Conference Schedule for second half of 2020

CLEVELAND, August XX, 2020 /ACCESSWIRE/ – Mace® Security International, Inc. (OTCQX: MACE or “the Company”), a globally recognized leader in personal safety products, is pleased to announce its Investor Relations Conference Schedule for the second half of 2020. Gary Medved, CEO & President of Mace® Security International, states “we are excited to present our story of continuing revenue and profitability growth to the investment community. A lot of hard work has been realized by our dedicated team members in building on the legacy of the Mace® Brand, and we are proud to tell our story.”

Sanjay Singh, Executive Chairman, added “The need for personal safety and peace of mind has significantly changed in the last few months. We are adapting to the changing needs in an agile and thoughtful fashion. The awareness campaigns continue as does our focus on providing empowerment to customers through new products and product line extensions. We are excited to share the future potential of Mace® Brand as an investment opportunity.”

IR Conference Schedule:

LD Micro 500 (virtual) September 2 at 3:40PM
Register here: https://www.webcaster4.com/Webcast/Page/2019/36541
One-on-one with executive team September 3

Investor Summit MicroCap Conference (NYC) September 29-30 (Time TBD)
Register here: https://investorsummitgroup.com/

OTC Virtual Investor Conference October 8 (Time TBD)
Register here: https://www.virtualinvestorconferences.com/events/event-details/monthly-investor-conference-2

LD Micro Main Event (Los Angeles) December 8-10 (Time TBD)
Register info: Will be announced later

Please refer to http://corp.mace.com/mace-events/ at a later date for exact day and time of presentations.

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.


July 31st, 2020

Mace Security International Reports Second Quarter 2020 Financial Results

  • 2Q 2020 net sales totaled $3,400,000, up $465,000 or 16% versus prior year, primarily driven by organic growth, addition of new customers and new product line extensions
  • Net income for the quarter was $453,000 or 13.1% of net sales, an increase of $1,100,000, compared to a net loss of ($606,000) in the same period of 2019
  • EBITDA for the quarter was $596,000 or 17% of net sales, an increase of $1,100,000 versus ($481,000) EBIDTA in the second quarter of 2019
  • YTD EBITDA is $836,000 or 13% of net sales versus ($1,200,000) in 2019 for the same time frame.

CLEVELAND, Ohio, July 31, 2020 – Mace Security International (OTCQX: MACE) today announced second quarter 2020 financial results for the quarter ended June 30, 2020.

The Company’s net sales for the second quarter were $3,400,000, up 16% versus prior year. The increase reflects organic growth across our retail and e-commerce channels, addition of new customers across core channel segments as well as product line extensions at existing retailers. Net sales across the consumer and e-commerce channels were up $867,000 even when offset by decreases in Sporting Goods and International channels of $239,000 due to store closures and product availability related to COVID-19.

The Company reported a gross margin rate for the quarter of 41%, up 1000 bp from the same time last year. SG&A expenses were $841,000 or 25% of net sales, compared with $1,400,000 or 48% in 2Q 2019, reflecting non-recurring charges last year. Working capital turns were 4.7 on an annualized basis.

President and CEO Gary Medved commented: “Our business exhibited increasing strength as the quarter progressed despite a few challenges created by COVID-19. The company’s renewed focus on Mace® Brand, product lineup, and digital awareness allowed us to capitalize on the accelerated shift to consumer personal safety products, as well as online spending brought on by the pandemic. Between our branded website and online marketplaces, total digital sales increased triple digits on a percentage basis in the second quarter driven by existing customers and a dramatic increase in new customer acquisition.”

“The pace accelerated as the quarter progressed. Meanwhile, the strong relationships we have forged with our key retail partners helped us weather a severe slowdown in April and early May due to reduced traffic and store closures. The country’s lockdown restrictions began to ease midway through the second quarter, when we experienced a significant pick up in weekly sell-through at retail. Given the circumstances, we are pleased with our recent performance and encouraged as this momentum has carried into July and future months. Orders across retail and digital segments have increased in the past two months at a triple-digit percentage rate over the same period in 2019. Though uncertainty remains about the ultimate impact COVID-19 will have on the personal safety products industry, I am confident that our newly refined business model and strengthening balance sheet have Mace® Brand well positioned going forward.”

Sanjay Singh, Executive Chairman, commented: “We raised the bar within the company on self-accountability and meeting commitments to our employees, customers and stakeholders. The entire team stepped up, from customer service to those who ship the products amidst challenging supply chain issues and a burgeoning backlog.”

“Orders in April were the lowest the company has seen in a very long time but bounced back as businesses opened up in mid-May. The results of our awareness campaign also drove meaningful digital sales. The company is on a solid footing now as we focus our efforts on executing all the initiatives that were launched this year. Balance sheet strength and operations excellence continue to be our areas of focus. I am very proud and inspired by our team’s ability to rise to the occasion. The focus on continuous improvement company-wide will continue in 3Q as we continue to ship a sizeable backlog. Gary and his team did a tremendous job this quarter.”

Second Quarter 2020 Financial Highlights

  • Net sales increased $465,000 or 16% versus prior year, primarily driven by organic growth, addition of new customers both in retail and e-commerce segments and new product line extensions at retailers
  • Gross profit for the second quarter increased by $473,000 or 51% over the same period in the prior year, driven primarily by increased sales volume, labor efficiencies, and a non-recurring inventory provision that occurred last year
  • SG&A expenses declined by $578,000 to $841,000 for the quarter, or 25% of net sales, driven primarily by lower spending in salaries and benefits, reduced legal and outside marketing services, and a non-recurring impairment of receivables expense that occurred in the second quarter of 2019
  • Net income increased by$1,100,000
  • Cash and cash equivalents increased to $1,600,000 as of June 30, 2020, an increase of $1,300,000 over the $307,000 on hand on December 31, 2019. During the second quarter of 2020, the Company received $619,000 from our lender as part of the PPP stimulus.
  • Adjusted EBITDA for the quarter was $655,000 (1 cent per share)

Second Quarter 2020 Operational Highlights

  • The Company maintained full manufacturing and distribution activities throughout the quarter, and to date has experienced some supply chain disruptions due to the COVID-19 emergency. Labor efficiencies have improved over last year during the same time last year.

YTD 2020 Operational Highlights

  • Net Sales increased by $544,000 or 9.6% versus the same period last year driven by organic growth, product line extensions in the second quarter and sales to new customers
  • Gross Profits increased by $514,000 or 26% when compared to the same period last year mostly due to increases in labor efficiencies and the impact of one-time costs that occurred last year
  • SG&A decreased by $1,500,000 or 47% mostly from one-time costs that occurred last year and from cost controls and lower wages
  • Net Income was $573,000 or 9% of net sales versus a loss of $1,500,000 last year

Conference Call

Mace® will conduct a conference call on Tuesday August 4th, 2020 at 11 AM EDT, 8 AM PDT to discuss its financial and operational performance for the quarter.

Participant Toll-Free Dial-In Number: (833) 360-0862; Conference ID 9602639

A full set of the consolidated financial statements and accompanying slide presentation 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 9602639

Encore dial-in number: 855-859-2056 (or internationally on 404-537-3406)
Encore dates: Will be available 2 hours after the call and will expire midnight on October 3, 2020

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.

Mace Security International, Inc. and Subsidiaries
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
(Amounts in thousands)
Three Months Ended June 30,
2020 2019
 
Net sales $       3,432 $     2,967
Cost of goods sold          2,032        2,040
Gross profit          1,400  

927

Selling, general, and administrative expenses            841        1,419
Amortization of intangible assets              96              67
Loss on disposal of property and equipment                –              29
Operating income (loss)            463        (588)
Interest expense              (10)            (17)
Other expense, net                –              (1)
Income (loss) before income tax provision            453        (606)
Income tax provision                –                –
Net income (loss) $           453 $       (606)
 

 

 

 

 

 

 

 

 

 

 

 

Mace Security International, Inc. and Subsidiaries
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
(Amounts in thousands)
Six Months Ended June 30,
2020 2019
 
Net sales $     6,223 $   5,679
Cost of goods sold        3,742      3,712
Gross profit        2,481      1,967
Selling, general, and administrative expenses          1,721      3,237
Amortization of intangible assets            165          134
Loss on disposal of property and equipment                –          29
   
Operating income (loss)            595      (1,433)
Interest expense            (22)          (31)
Interest income                –          4
Loss on short-term investments                –            (1)
Other expense, net                –            (1)
Income (loss) before income tax provision            573      (1,462)
Income tax provision                –              –
Net income (loss) $       573 $     (1,462)
 

 

 

 

 

 

 

 

 

 

Mace Security International, Inc. and Subsidiaries
CONSOLIDATED BALANCE SHEETS
(Amounts in thousands, except share and per share information)
ASSETS June 30, 2020 December 31, 2019
(Unaudited)
Current assets:
Cash $       1,620 $             307
Accounts receivable, less allowance for doubtful accounts of $535 and
$536 at June 30, 2020 and December 31, 2019, respectively            2,246              1,544
Inventories            1,672              1,591
Notes receivable, net of allowance, and other current assets              276                446
Total current assets            5,814              3,888
Property and equipment:
Buildings and leasehold improvements              255                245
Machinery and equipment            2,017              2,003
Furniture and fixtures              110                110
Total property and equipment            2,382          2,358
Accumulated depreciation and amortization          (1,873)              (1,796)
Total property and equipment, net              509                562
Operating lease – right-of-use asset, net of amortization              647                752
Finance lease – right-of-use asset, net of amortization                30                  11
Goodwill        1,031            1,031
Intangible assets, net            2,579            2,744
Notes receivable, net of allowance, and other non-current assets                14                14
Total other assets            4,301              4,552
   
Total assets $     10,624 $           9,002

 

LIABILITIES AND STOCKHOLDERS’ EQUITY June 30, 2020 December 31, 2019
(Unaudited)
Current liabilities:
Current portion of long-term debt $         220 $             215
Bank line of credit            600                600
Current operating lease obligation            211                209
Current finance lease obligation                6                    3
Accounts payable 904 364
Income taxes payable              55                  56
Accrued expenses and other current liabilities            364                412
Total current liabilities          2,360              1,859
Long-term debt, net of current portion            173                284
Payroll Protection Program Loan, non-current            619                    –
Non-current operating lease obligations            455                565
Non-current finance lease obligations              25                    8
Total liabilities          3,632              2,716
Stockholders’ equity:
Preferred stock, $.01 par value; authorized 10,000,000 shares, no shares
    issued and outstanding at June 30, 2020 and December 31, 2019                –                    –
Common stock, $.01 par value; authorized 100,000,000 shares,
issued and outstanding shares of 63,954,003 and 63,319,834, at June 30,
2020 and December 31, 2019, respectively            639                633
Additional paid-in capital      103,379          103,252
Accumulated deficit      (97,004)          (97,577)
         7,014              6,308
Less treasury stock at cost, 90,548 shares at both June30, 2020
           and December 31, 2019            (22)                (22)
Total stockholders’ equity          6,992              6,286
Total liabilities and stockholders’ equity $     10,624 $         9,002

 

Mace Security International, Inc. and Subsidiaries
RECONCILIATION OF NET INCOME TO EBITDA AND ADJUSTED EBITDA
(Unaudited)
(Amounts in thousands)
Three Months Ended June 30,
2020 2019
 
Net income (loss) $       453 $   (606)
Adjustments:
Interest expense            10          17
Interest income                –              –
Income tax expense                –              –
Depreciation and amortization            133          108
   
EBITDA            596        (481)
Severance              12              –
Non-cash stock compensation expense              47            6
   
Adjusted EBITDA $       655 $   (475)

 

Mace Security International, Inc. and Subsidiaries
RECONCILIATION OF NET INCOME TO EBITDA AND ADJUSTED EBITDA
(Unaudited)
(Amounts in thousands)
Six Months Ended June 30,
2020 2019
 
Net income (loss) $       573 $ (1,462)
Adjustments:
Interest expense            22          31
Interest income                –            (4)
Income tax expense                –              –
Depreciation and amortization            241          218
   
EBITDA            836        (481)
Severance                –              –
Non-cash stock compensation expense              77          242
   
Adjusted EBITDA $       913 $   (239)

 

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


July 31st, 2020

Q2 2020 Financial Overview

Q2 2020 Financial Overview July 31 2020


July 27th, 2020

Mace Security International Announces Release Date for Second Quarter 2020 Earnings

CLEVELAND, OH, July 27, 2020 / (ACCESS DIRECT)/ — Mace Security International, Inc. (OTCQX: MACE) will broadcast its second quarter 2020 earnings conference call on Tuesday, August 4, 2020. The call will begin at 11:00AM ET.

A news release outlining the financial results will be distributed before the market opens on Friday, July 31, 2020. A slide presentation, which will accompany the call, will be available at www.corp.mace.com on Friday, July 31, 2020 and will remain available after the call.

The full set of financial statements and an accompanying slide presentation will be available on July 31, 2020 on the “Investors” section of Mace’s website www.corp.mace.com under the subheading “Investor Relations.”  The event can also be accessed by telephone within the US at (833) 360-0862. Please use the conference identification number 9602639.

A digital recording of the conference call will be available for replay after the call’s completion. The date ranges that the recording will be available are listed below. To access the recording, use the dial in numbers listed below and the conference ID 9602639.

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

Encore dates: Will be available 2 hours after the call and will expire at midnight on October 3, 2020

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.


July 16th, 2020

Mace Announces New Election to Board of Directors

CLEVELAND, Ohio – Mace Security International Inc. (OTCQX: MACE) stockholders elected Jayne E. Juvan, partner of Tucker Ellis LLP, to its board of directors at the annual meeting of stockholders held on July 2, 2020. Juvan will serve on the board’s corporate governance committee.

“We are excited to welcome Jayne to our board of directors. She brings leadership in key areas that are critical to our future operations and strategy,” said Gary Medved president and CEO of Mace Security International Inc. “Jayne’s counsel and expertise will strengthen Mace’s ability to serve our stockholders, employees, and customers.”

“Jayne is an expert on corporate governance and compliance matters that drive board effectiveness. Both are significant areas of focus for the board. In her legal practice, she serves as an advisor to investors, boards of directors, and management teams on corporate transactions. She is also a frequent speaker on women’s leadership and is a super networker. We are excited and confident that she will provide valuable perspectives as we execute our strategy and enhance stockholder value. We look forward to her insights and are excited to have her on the board,” said Sanjay Singh, executive chairman of Mace Security International Inc.
As a partner at Tucker Ellis, Juvan serves as chair of the Mergers & Acquisitions and Securities & Capital Markets practice groups. Juvan counsels public and high-growth private companies, private equity firms, and venture capital firms from initial formation through all stages of the business life cycle.

Juvan’s election brings Mace’s total board membership to seven. She replaces Cheryl McMillan, who served on the board since 2018.

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 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 E. Medved
President and Chief Executive Officer
gmedved@mace.com


July 1st, 2020

Mace Releases Virtual Investor Day Presentation and Updated Company Information Summary

July 1, 2020

CLEVELAND, Ohio – Mace Security International Inc. (OTCQX: MACE) today released its Virtual Investor Day Presentation and Company Information Summary with key performance data.

Gary Medved, president and CEO of Mace Security International Inc. commented: “I’m pleased to share this update with our shareholders and potential investors. Our interactive presentation demonstrates our performance and outlines our business strategy. It showcases our exciting product line-up, refreshed brand, and eCommerce initiatives. Our Company Information Summary highlights the compelling investment story in our stock, fueled by our dominant brand position and ability to scale our sales channels and manufacturing.”

“The demand for less-lethal self-defense devices has experienced a surge due to increased concern for personal safety, especially amongst women, children and elderly populations. The company is focused on being the best provider of personal safety products for peace of mind in North America and abroad, where non-lethal devices are legal,” said Sanjay Singh, executive chairman of Mace Security International Inc.

“When you factor the focus on product innovation with the company’s commitment to empowering the vulnerable, it’s a compelling opportunity,” continued Singh. “There’s a broad base of people who can benefit from Mace® Brand, and that is driving increased retailer participation today. In the long-term, the depth of the management team and strategic three-year plan is solid. The focus is  to quickly execute a variety of initiatives that further strengthen the company’s position in the retail, law enforcement and digital channels to reach consumer segments. There is a lot of work to be done, but we’re prepared to do it.”

View the  Virtual Investor Day Presentation and Company Information Sheet, along with historical performance data at the investor relations section of Mace.com.

Virtual Investor Day will be Thursday, July 2, 2020. The Investor Day Presentation begins at 10:30 am EDT and concludes at 11:30 am EDT. A live question and answer session will be included in the Investor Day session.

To attend the Virtual Investor Day please use the following address:

https: www.malone-media.com/mace and enter the password pepper20.

 

 

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 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 E. Medved

President and Chief Executive Officer

gmedved@mace.com

 


June 25th, 2020

Mace Discloses Supplemental Information Regarding Share Ownership, Insider Holdings, and Voting Agreements, and Announces Additional Insider Stock Purchases

CLEVELAND–(ACCESS DIRECT) –Mace Security International, Inc. (OTCQX: MACE) today announced that it has posted supplemental exhibits on the OTCQX website. These exhibits provide information regarding significant shareholders, officer and director stock holdings, and detail related to certain previously disclosed bonus and voting agreements. These agreements continue to be available for shareholder viewing in their entirety at Mace’s headquarters located at 4400 Carnegie Avenue, Cleveland, OH 44103. Click on the following link to access the amended supplemental exhibits:

https://backend.otcmarkets.com/otcapi/company/financial-report/250629/content

Additionally, MACE was informed after the record date of May 27, 2020 of purchases of an additional 585,000 shares of Mace stock by members of its Board of Directors, bringing the total officer and director shareholdings in Mace to 29%.

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 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


June 15th, 2020

Mace Leverages the Next Generation of NEO Talent to Fuel Company Growth

CLEVELAND, OH / ACCESSWIRE / June 15, 2020 / Mace® Security International, Inc. (OTCQX:MACE) is connecting with the next generation of talent for fresh ideas and new pathways to growth. Two students have joined the team with internships to support marketing and operations. This is one step the company is taking to further energize the Mace® brand and provide opportunities to young professionals in Northeast Ohio.

“Mace is a long-established brand that is experiencing an exciting new era,” says Gary Medved, President and CEO. “We believe that leveraging the talent in our community is critical. We want Mace to be an exciting career destination for young professionals in our area. Equally important, we value new perspectives. We know that our business is stronger when our team is supported by new voices and fresh insights.”

The company is evolving supply chain strategy with the help of Chih-Chung Yang, a Taiwanese graduate with six years’ experience in procurement, planning, data analysis and Lean operations. He is currently pursuing an MBA at Case Western Reserve University, specializing in supply chain and operation management.

“My role is to develop value stream maps of the company’s operations. Using these maps will allow management to identify areas of opportunity, which is critical for scaling up the company.” says Yang. “It’s a fascinating challenge for me. I look forward to expanding my horizons by observing and analyzing Mace’s entire business process.”

The marketing team is gaining new insights from Gianna Zucker, who is currently attending John Carroll University. Her focus is communications with a concentration on integrated marketing and entrepreneurship. Zucker will concentrate on enhancing Mace’s digital marketing presence with new ways to explore the company’s world-leading products.

“My goal is to use fresh content to spur social media engagement and gain increased brand awareness,” says Zucker. “This internship offers a wide range of experiences that allow me to more fully develop ideas to enhance Mace’s product positioning online. The opportunity to be actively engaging with customers via social media is very exciting and valuable.”

Both Yang and Zucker are working with senior management during their internship. The company plans to offer more opportunities to students and young professionals launching their careers. Interested parties can look for opportunities on the company’s LinkedIn page.

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 CEO
Mace® Security International, Inc.
440-424-5322
press@mace.com

SOURCE: Mace® Security International, Inc.


June 4th, 2020

Mace Reports Insider Stock Purchases and Announces Virtual Investor Day Date

 

CLEVELAND, Ohio – Mace Security International Inc. (OTCQX: MACE) is pleased to announce that President and CEO Gary Medved has purchased 450,000 shares of MACE common stock.

 

Additionally, board member Denis Amato acquired 100,000 MACE common shares and board member Hussien Shousher acquired 425,812 shares.

 

All the insider share transactions were of existing outstanding shares, and no new shares were issued, preventing any dilution to MACE equity holders.

 

Medved commented: “I am pleased with the direction the company has taken over the last 15 months, including lowering our breakeven point through disciplined SG&A spending, customer acceptance of our refreshed product line, and the resulting strong EBIDTA generation. I believe our company represents a good investment, as these recent stock purchases demonstrate.”

 

 

Virtual Annual Meeting and Investor Day

 

MACE today also announces details for its annual Virtual Investor Day to be hosted Thursday, July 2, 2020. The Investor Day Presentation begins at 10:30 am EDT and concludes at 11:30 am EDT. A live question and answer session will be included in the Investor Day session.

Mace’s Investor Day 2020 will feature an overview of the company, a discussion of business performance and strategy, and a showcase of current products, branding, and eCommerce initiatives. Speakers include Gary Medved, President and CEO, and Sanjay Singh, Executive Chairman.

To attend the Virtual Investor Day please use the following address:

https: www.malone-media.com/mace and enter the password pepper20.

 

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 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