Mace Press Releases

May 4th, 2016

Northeast Ohio Companies Help Law Enforcement Gear Up for the Republican National Convention

Mace® Security International, Inc. and its strategic partner, Tactical Defense Training Inc.,
work together to provide local police departments with free pepper spray training

CLEVELAND – In anticipation of the Republican National Convention (RNC) this July, Mace Security International, Inc. (OTCPINK: MACE) and Tactical Defense Training Inc. (TDT) are providing free one-day OC instructor courses to Northeast Ohio law enforcement agencies. Use of Oleoresin Capsicum (OC) – or commonly known as pepper spray – is a key component of the protocols taught to police officers. Accepted best practices suggest that officers are annually retrained on this tool.

“We are expecting upwards of 50,000 visitors to the Cleveland area for the RNC, and we would like to do what we can to help prepare our local law enforcement partners to ensure public safety during this historic and exciting time in our city,” said John McCann, president and chief executive officer of Mace Security International, Inc. “We are honored to have the opportunity to assist police officers throughout Northeast Ohio to help keep us safe and secure.”

The hands-on course will cover OC sprays from start to finish, including distinguishing between each available option; selecting the most appropriate type for each situation; how pepper sprays can be incorporated into the “Continuum of Force;” proper usage; measures to be taken after exposing subjects to pepper; and decontamination steps.

The training courses will take place at each police department and will be led by Matt Schaefer, president of TDT, who is also a police officer assigned to the Sheriff’s Office Training Bureau and is also a U.S. Army veteran.

“With Cleveland in the spotlight, we want to make sure we are doing whatever we can to empower area officers with the best products and training available possible,” said Schaefer. “At TDT, we are proud to partner with Mace, the leader in defense spray products, and work hand-in-hand with officers from the Cleveland, Akron and Canton areas.”

About Tactical Defense Training Inc.:

Since 1999, Tactical Defense Training Inc. — or TDT, as they are known in the tactical community — has been a recognized leader in law enforcement and military training. TDT has trained law enforcement from local, state and federal agencies, students from every branch of the military, private security and select civilians. TDT has trained thousands of students in the past decade, making the organization known for realistic and intense training.

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.

Contact:

Jessica Adanich | Mace Security International, Inc.
jadanich@mace.com
440.424.5395

-or-

Laura Pegg | Falls Communications
lpegg@fallscommunications.com
216.472.2385


May 2nd, 2016

Mace Products Now Available at the Sportsman’s Warehouse

“America’s Premier Outfitter™” Carries Mace Brand® Defense Sprays in All 72 Stores

May 02, 2016 08:00 AM Eastern Daylight Time
CLEVELAND–(BUSINESS WIRE)–Mace Security International, Inc. (OTCPINK: MACE), a global leader in personal safety and security products, announces its Mace® Brand defense sprays are now available at the Sportsman’s Warehouse retail chain.

“We are proud to establish a partnership with Sportsman’s Warehouse, a retailer we have long admired,” said Bill Treacy, director of sales for Mace Security International, Inc. “Having our iconic defense sprays now available in Sportsman’s Warehouse stores speaks volumes to the quality and reliability of our product, as well as to the value proposition we offer consumers. We look forward to working hard to continue to earn their business.”

Headquartered in Salt Lake City, Sportsman’s Warehouse operates 72 stores in 18 states across the U.S. Known as “America’s Premier Outfitter,” Sportsman’s Warehouse’s promises customers to carry “only top-quality, brand-name products for the serious outdoor enthusiast.”

“The addition of Sportsman’s Warehouse to our steadily-increasing network of retail partners is a testament not only to the strength of the broad product line, but also to the effectiveness of our specialty sales representatives and to our enhanced targeted marketing efforts,” said John McCann, president and chief executive officer of Mace Security International, Inc. “Today’s announcement is another positive step forward in our aggressive, long-term growth strategy.”

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.

Contacts
Mace Security International, Inc.
John J. McCann, 440-424-5322
President and Chief Executive Officer
john@mace.com


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


January 18th, 2016

Mace Security International, Inc. Unveils New Environmentally-Conscious Mace® Brand Product Packaging at SHOT Show

 SHOT Show Location — Booth 20141

Cleveland — Mace Security International, Inc. (OTCPINK: MACE), a globally recognized leader in personal safety and security, introduces new packaging at the SHOT Show in Las Vegas. The company is drastically reducing the amount of PVC plastic used in current product packaging and eliminating the folded paper inserts to be environmentally responsible and elevate the overall look of Mace® Brand products.

“When we decided to update our packaging, it was the perfect opportunity for us to formulate an eye-catching design that would be sustainable and reduce our carbon footprint while optimizing shelf appeal,” said Jessica Adanich, creative manager of the company.   

Hitting select shelves on February 1, the new packaging will consist of molded-dome blister packs with reduced PVC usage and instructions for the product printed on the back. Throughout 2016, it will be continuously rolled out and all products are expected to be updated by 2017.

“With more than 20 years in attendance, we couldn’t imagine a more ideal place to launch the Mace® Brand packaging than at the premier event in the shooting sports industry,” said Eric Crawford, vice president of sales. “In addition to this new development, we are excited for the growth of our line of safety and security products and brand, which will continue to generate new business for Mace and our partners this year and beyond.”

Mace Security International, Inc. will also be showcasing Mace® Brand Nite Beams LED safety wear line, Mace Tactical Solutions less-lethal munitions and aerosol sprays and the iconic Mace® Brand defense sprays at its SHOT Show booth.

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.  

Mace Group_New Packaging

Mace New Packaging

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

 


January 5th, 2016

Safety Concerns Drive Increased Sales for Mace® Brand Products Around the World

-       International Sales Expected to be Up Approximately 77 Percent in Fourth Quarter 2015

-       Concerns Over Safety Generate Surging Demand for Company’s Defense Sprays

 

CLEVELAND – (January 5, 2016) – Mace Security International, Inc. (OTCPINK: MACE) today announced a significant increase in customer demand for its iconic Mace® Brand defense sprays internationally. The company believes this is due to growing concerns about future uncertainty and increases in violent crime.

“As well documented in various media reports, anxiety is extremely high with the general public in Europe,” said Philip Pinol, chief executive officer of Brite Strike Technologies, SA, a Mace distributor in Europe. “Given the increased demand we saw in Paris at the MILIPOL security show this fall and what we expect to see in Nuremberg at the upcoming IWA security show, it’s clear the alternative Mace Brand products offer has struck a chord with consumers who want to be able to help defend themselves and their loved ones.”

“At Mace, we take great pride in providing customers with reliable, easy-to-use, personal protection products,” said John McCann, president and chief executive officer of Mace Security International, Inc. “We do not take lightly the faith people place in our products to help keep them and their loved ones safe and at a safe distance.”

The company projects international sales of the Mace Brand defense sprays in the fourth quarter of 2015 will be up nearly 77 percent compared to similar sales a year ago. Mace Security International, Inc. expects to report its consolidated fourth-quarter 2015 results late in the first quarter of 2016.

 

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.

 

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.

# # #

 

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

 

 


November 23rd, 2015

Mace Reports Third Quarter 2015 Financial Results

  • Results for quarter down due to timing of customer shipments; up year-to-date
  • Adds 20 new accounts during the quarter
  • On track to deliver profitable growth in the near term

CLEVELAND–()–Mace Security International Inc. (OTCPINK: MACE) today announced unaudited financial results for the third quarter and nine-month period ended September 30, 2015. As a result of the timing of customer shipments, which will we be recognized in the fourth quarter of 2015, the company’s financial results for the quarter are down from those reported in the third quarter of 2014. On a nine-month basis, the company continues to deliver strong growth from a year ago.

“As evidenced by our year-to-date results, we remain on track to deliver sustainable, profitable growth for investors in the near term.”

“While the year-to-year quarterly comparison would suggest otherwise, we continued to build positive momentum for the company with strong demand across our product lines from existing and new customers,” said Richard Barone, chairman. “As evidenced by our year-to-date results, we remain on track to deliver sustainable, profitable growth for investors in the near term.”

 

Third Quarter/Nine Months 2015 Financial Highlights

  • Net revenue down 9.9% for quarter; up 6.1% year-to-date
  • Gross profit down 17.7% for quarter; up 16% year-to-date
  • Key channels of distribution (sporting goods & consumer) net revenues down 9.9% for the quarter; up 20.9% year-to-date
  • General and administrative expenses down 3.6% for the quarter, 11.7% year to date
  • Net loss from continuing operations increased 3.1% for the quarter, improved 65.3% year to date

 

Select Consolidated Financial Results, Third Quarter Ended September 30, 2015 and 2014 
(in thousands):
For the Three Months Ended
Sept 30,2015 % of
Sales
Sept 30,
2014
% of
Sales
$ Chg % Chg
Net revenue $ 1,985 100.0 % $ 2,203 100.0 % -218 -9.9 %
Gross profit 730 36.8 % 887 40.3 % -157 -17.7 %
Selling, general, and administrative expenses 1,056 53.2 % 1,095 49.7 % 39 -3.6 %
Operating loss (363 ) -18.3 % (248 ) -11.3 % -115 46.4 %
Net loss (335 ) -16.9 % (325 ) -14.8 % -10 3.1 %

 

Third Quarter Operational 2015 Highlights

During the quarter, the company added 20 new customer accounts, including seven from the “tactical” market and six from the “sporting” market. Mace also entered an exclusive licensing agreement with Kourt Security Partners – which is part of one of the largest security companies in the nation – that will bring Mace-branded security products to homes across the United States.

According to Mace President and Chief Executive Officer John J. McCann, the strength of the Mace brand continues to be a key growth driver and differentiator in the marketplace. “The Mace brand is synonymous with high-quality, non-lethal personal protection,” he said. “As a result, we are seeing steadily increasing interest in our expanded product offering, which includes our Nite-Beams LED safety products for people and pets, as well as an array of state-of-the-art tactical products for law enforcement.”

McCann noted that the company will have two new Mace-branded products in the marketplace before year end – the previously announced Mace® Alert911 device, which provides direct access to emergency assistance through the push of a button, and a new WiFi-based home security system. “New products like these are just another example of our commitment to keeping people of all ages safe and at a safe distance,” he said.

 

Conference Call

Mace® will conduct a conference call on Tuesday, November 24, 2015 at 11:00 AM ET, 8:00 AM PT to discuss its financial and operational performance for the quarter ended September 30, 2015. The participant conference call number is (877) 719-8065, conference ID: 87668382. A full set of the consolidated financial statements are available on the Mace website. Presentation materials for the conference call will be available Monday, November 23, 2015 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 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. 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.
Condensed Consolidated Balance Sheets
(Amounts in thousands)
ASSETS Sept 30,2015 December 31,
2014
Current assets: (Unaudited)
Cash and cash equivalents $ 1 $ 359
Restricted cash 60 60
Short-term investments 2,287 5,848
Accounts receivable, net 1,382 1,352
Inventories, net 2,567 1,783
Prepaid expenses and other current assets 1,203 1,303
Total current assets 7,500 10,705
Plant and equipment, net 559 585
Other intangible assets 685 685
Other assets 686 1,054
Total assets $ 9,430 $ 13,029
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Current portion of long-term debt $ - $ 1,241
Accounts payable 359 481
Income taxes payable 59 60
Accrued expenses and other current liabilities 567 961
Total current liabilities 985 2,743
Total stockholders’ equity 8,445 10,286
Total liabilities and stockholders’ equity $ 9,430 $ 13,029
Mace Security International, Inc. Condensed Consolidated Statements of Operations

Three Months Ended September 30, 2015 and 2014
(Unaudited)
(Amounts in thousands)

2015 2014
Net revenue $ 1,985 $ 2,203
Cost of revenue 1,255 1,316
Gross profit 730 887
Selling, general, and administrative expenses 1,056 1,095
Depreciation 37 40
Operating loss (363 ) (248 )
Interest expense (13 ) (58 )
Interest income 44 64
Gain (loss) on sale of short-term investments (3 ) 10
Note receivable write-down - (100 )
Other loss - 7
Loss from continuing operations before income tax provision (335 ) (325 )
Income tax provision - -
Loss from continuing operations (335 ) (325 )
Income from discontinued operations, net of tax - -
Net loss $ (335 ) $ (325 )
 

Mace Security International, Inc.
Condensed Consolidated Statements of Operations
Nine Months Ended September 30, 2015 and 2014
(Unaudited)
(Amounts in thousands)

2015 2014
Net revenue $ 6,051 $ 5,703
Cost of revenue 3,676 3,655
Gross profit 2,375 2,048
Selling, general, and administrative expenses 3,253 3,685
Depreciation 112 127
Operating loss (990 ) (1,764 )
Interest expense (38 ) (171 )
Interest income 138 174
Gain (loss) on sale of short-term investments (19 ) 134
Note receivable write-down - (100 )
Other income 312 8
Loss from continuing operations before income tax provision (597 ) (1,719 )
Income tax provision - -
Loss from continuing operations (597 ) (1,719 )
Income from discontinued operations, net of tax 20 408
Net loss $ (577 ) $ (1,311 )

 

Contacts

Mace Security International Inc.
John J. McCann, 440-424-5322
President and Chief Executive Officer
john@mace.com


October 28th, 2015

Mace Security International Selects Falls Communications as Its Communications Agency of Record

CLEVELAND–()–Mace Security International, Inc. (OTCMKTS:MACE) today announced that it has selected Falls Communications, one of the fastest growing full-service communications and investor relations firms in the Midwest, as its communications agency of record. In this role, Falls will focus initially on designing and developing an integrated marketing strategy that builds upon the company’s industry-leading consumer brand, as well as provide senior-level investor relations counsel.

“As we continue to move forward with our long-range growth strategy, it is critical that we have a strategic communications partner on board that understands how to cultivate a distinctive, authentic brand across a rapidly growing product line,” said John J. McCann, president and chief executive officer of Mace. “The firm’s track record in building and protecting iconic brands speaks for itself. The fact that they also understand how to engage investors and translate marketing efforts into value drivers makes them an ideal partner for us.”

“Without question, Mace is the preeminent name in non-lethal personal safety,” said Rob Falls, president and chief executive officer of Falls Communications. “We are truly honored to have the opportunity to partner with John and his team as they lead the company into a new era of profitable growth and product innovation.”

 

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.

 

About Falls Communications:

Falls Communications is one of the largest and fastest-growing full-service communications and investor relations firms in the Midwest. We work as true partners with our clients, taking a strategic approach in providing creative, highly effective solutions in a variety of industries with a local, regional, national and international focus. Our core competencies include media relations, marketing communications, corporate communications, investor relations, crisis communications, digital marketing and brand strategy. For more information, please visit www.fallscommunications.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