Mace Security International Expands Its Highly Recognized Mace Brand Product Line by Acquiring Micro-Tech Manufacturing, Inc., a Security Products Company

    MOUNT LAUREL, N.J.--Aug. 14, 2002--Mace Security International, Inc. ("Mace") , a leading provider of car care services and manufacturer and marketer of security products, today announced that it has acquired the assets of Micro-Tech Manufacturing, Inc. ("Micro-Tech"), a security products company that specialized in manufacturing and distributing security cameras, security monitoring systems and electronic surveillance equipment.
    Micro-Tech generated revenue of approximately $774,000 and EBITDA of approximately $200,000 in 2001.
    Mace believes that the assets of Micro-Tech will blend well with its highly recognized Mace(R) brand product line. The Company will immediately begin utilizing synergies to expand its distribution and sales efforts. Mace believes that the Micro-Tech business is positioned for substantial internal growth.
    Mace plans to utilize the assets of Micro-Tech to focus on the expanding security camera industry with a particular emphasis on systems that will allow users to view transmitted images remotely through the Internet and phone-line connections.
    The Company is excited about the digital video technology that will allow users to remotely view real-time and previously recorded images via laptop and desktop computers, as well as wireless palm pilot equipment.
    Mace has over 15 years of experience in manufacturing, marketing and retailing products and services in several sectors of the security products industry including electronic and chemical security products, security training, child safety products and private corrections integration systems. As a result, Mace believes that it is in a strong position to expand further in the security products business.
    The Company has also hired Micro-Tech's sole shareholder, Moshe Luski. Mr. Luski has 12 years of extensive experience in engineering, manufacturing and distributing security products in the United States and Israel. Mr. Luski will be responsible for enhancing Mace's new product line and distribution channel.
    Micro-Tech's products have historically been marketed to sophisticated equipment installation companies, distributors, spy shops and direct retail catalogs.
    "We are very pleased with the completion of the Micro-Tech transaction as well as with the addition of Mr. Luski to our management team. We view this acquisition as important for the Company because we believe it will strengthen the Mace(R) name in the marketplace," said Louis D. Paolino, Jr., CEO and Chairman of Mace. "The combination of the Mace and Micro-Tech product lines, coupled with the 27 years of combined security industry experience, enables us to successfully utilize synergistic opportunities to enhance distribution channels and increase sales and profitability."
    Mace Security International, Inc. is a leading provider of car care services, which owns and operates 55 car washes and five truck washes nationwide. The Company is also a manufacturer of less-than-lethal defense sprays and electronic security products for consumers, as well as a marketer of safety and security products worldwide.
    Additional information about Mace is available at 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", "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 effects 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, Form 10-K for 2001, Form 10-Q for the quarter ended March 31, 2001, Form 10-Q for the quarter ended June 30, 2001, Form 10-Q for the quarter ended September 30, 2001 and Form 10-Q for the quarter ended March 31, 2002.
    This press release should be read in conjunction with the financial statements and notes contained in the Company's annual report on Form 10-K and the Company's quarterly reports on Form 10-Q.

    www.mace.com