Mace Introduces Its New Line of Digital Video Recorders

    MOUNT LAUREL, N.J.--Dec. 23, 2002--Mace Security International, Inc. ("Mace") , a manufacturer and marketer of security products and a leading provider of car care services, today proudly announces the introduction of its innovative line of DVRs (Digital Video Recorders).
    The MACE recorders offer more features at a more cost effective price than recorders of other manufacturers. The DVRs are an essential component of MACE's video camera surveillance systems.
    The MACE line consists of four DVR models. Model DVR-0100 is a single channel recorder with a four channel switcher. The Model DVR-0400, 0800 and 1600, respectively, allow simultaneous live or playback viewing of four, eight and 16 locations on-site or remotely via the internet with the option of isolating and zooming in on any one particular area of interest.
    "We are very excited to be offering to consumers the new DVRs which are superior in performance at a cost- effective price. The new DVRs developed by Mace are a key component to Mace's integrated digital camera surveillance systems," said Louis D. Paolino, Jr., Chairman and Chief Executive Officer of Mace.
    Mr. Paolino continued to state, "Digital Video Recorders are truly revolutionizing the security and surveillance industry and are becoming an integral part of a reliable protection solution for the business and home owner. A DVR enables the user to replace conventional VCRs and costly tapes, while drastically improving picture quality, speed, and ease of playback while allowing remote viewing of images through the internet."
    All Mace models offer the following advance features: front panel controls; remote viewing and configuration of camera images through the internet; Pan Tilt Zoom of cameras connected to the DVR; 80 GB hard drive expandable to 2000 GB; triplex operation allowing simultaneously viewing of live events, recording and searching of recorded images; high resolution images using MPEG1 and MPEG4 technology; video motion detection, which records only when motion is detected; and hard drives which are self-formatting.
    MACE's new line of advanced DVRs will be offered solely under the registered trademark name of MACE. The Company plans to utilize its current distribution channels for marketing its new line of DVRs including mass merchants, catalogs, installers, security dealers and spy shops.
    Detailed specs on the digital video recorder line of products can be viewed on the Company's website at www.mace.com. For information relating to the distribution of Mace(R) Security Products, contact Surveillance Sales at (856) 778-2300 or via email at info@mace.com.
    On December 17, 2002, Mace Security International, Inc. effected a one-for-two reverse stock split. Effective on the day of the split, Mace's symbol changed from MACE to MACED. On January 16, 2003, twenty trading days from the date of the split, Mace's symbol will revert back to MACE.

    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, Form 10-Q for the quarter ended March 31, 2002 and Form 10-Q for the quarter ended June 30, 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.