Mace Security International's Board of Directors Purchase Mace Shares In the Open Market

    MOUNT LAUREL, N.J., April 30 Mace Security International,
Inc. ("Mace") today announced that members of the Board of
Directors purchased shares of Mace common stock in the open market.
    Chairman and Chief Executive Officer of Mace, Louis D. Paolino, Jr., said,
"At the current level of our stock price and the resulting market
capitalization, the Board of Directors and I consider Mace to be significantly
undervalued.  We believe that Mace is an excellent investment and will provide
our stockholders with significant value on a long-term basis."  He added, "We
recently reported that we expect a 12% increase in revenues, an 80% increase
in EBITDA, and a profit in after-tax income and earnings per share for the
first quarter of 2001.  In addition, our book value per share as of December
31, 2000 was $2.47 per share.  Our decision to purchase these shares in the
open market results from the belief that the market has undervalued our
business."
    Mr. Paolino also said, "I am very pleased that my colleagues believe in
the long-term growth of the Company.  All of these individuals already hold
significant positions in Mace stock, and are very enthused with the current
performance of the business.  The continued commitment by the major
shareholders of Mace, coupled with the dedication of our management team and
employees, strengthens our mission as a company and our presence in the
marketplace."
    Mace Security International, Inc. is a provider of car care services,
which owns and operates car and truck washes nationwide.

    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", "intends 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,
dilution to shareholders, lack of capital, the effects of weather on the
demand for car care services, the affects of rapid growth upon the Company and
the ability of management to effectively respond to the growth, its ability to
achieve operating synergies, its ability to compete, regulatory matters, the
effects of competition, its ability to maintain the control of the Company's
cash business, and the ability of the Company to obtain additional financing.
Such factors could materially adversely affect the Company's financial
performance and could cause the Company's actual results for future periods to
differ materially from any opinions or statements expressed within this press
release. Additional discussion of factors that could cause actual results to
differ materially from management's projections, forecasts, estimates and
expectations are contained in the Company's SEC filings, including its S-3
registration statements and Form 10-KSB for 2000.

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