Michael E. Smith is elected to the Board of Directors of Mace Security International, Inc.
Horsham, Pennsylvania – September 27, 2010 – Mace Security International, Inc. (“Mace” or the “Company”) (Nasdaq Global: MACE) announces the election of Michael E. Smith to the Mace Board of Directors.
Mr. Smith is an independent consultant and the founder of Chesterbrook Growth Partners which provides companies in the security, RFID, auto-identification and electronic components industries with strategic assessment and implementation advice for revenue and profit enhancement. Michael has developed and directed several organizations in advanced technologies worldwide.
Prior to Chesterbrook, Michael spent over 14 years with Checkpoint Systems, Inc. (“Checkpoint”), a leading developer and manufacturer of security systems including EAS, Access Control, RFID, CCTV, Fire/Burglary systems and Label Imprinting equipment. In Michael’s earlier years as Senior Vice President, he led worldwide marketing efforts and launched Checkpoint’s direct sales and operations activities in Europe. As Executive Vice President, he ran worldwide operations and also managed Checkpoint’s Security System Group and Access Control Product Group. Michael became President and CEO of Checkpoint in 2001. Through Michael’s tenure and leadership at Checkpoint over his 14 year career, revenues grew from $35 million to over $650 million through a combination of internal growth and key acquisitions.
Dennis Raefield, CEO and President of Mace stated, “As Mace continues its focus on being a pure security industry operation, we are excited to have Michael join our Board of Directors. His previous security industry experience and broad management skills add additional security bench strength to our team. I have already benefited from great assistance and insight from Michael’s participation in the Boardroom. We are excited about Michael’s continued contributions to Mace.”
About Mace
Mace Security International, Inc. is a manufacturer of personal defense and electronic surveillance products marketed under the famous brand name Mace®, and the owner and operator of a wholesale central monitoring station. Mace’s web site is www.mace.com.
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. A discussion of factors that could materially adversely affect the Company’s financial performance and cause actual results for future periods to differ materially from the statements expressed within this press release, and management’s opinions projections, forecasts, estimates and expectations are contained under the heading “Risk Factors” in Mace’s SEC filings, including its registration statements and its periodic reports on Form 10-K and Form 10-Q. This press release should also be read in conjunction with the financial statements and notes contained in Mace’s annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K.