Mace Announces Arizona Car Wash Sale Update

MOUNT LAUREL, N.J.--Mace Security International, Inc. (“Mace”) , a manufacturer of electronic surveillance and personal defense products and an owner and operator of car and truck wash facilities, previously announced that it signed a definitive agreement to sell its 12 Arizona car washes for $19,250,000. This transaction was scheduled to close by April 6, 2007.

By request of the Purchaser, Mace and the Purchaser have agreed to extend the closing date to May 16, 2007. As part of the agreement to extend the closing, the $500,000 escrow deposit under the agreement was turned over to Mace by the escrow agent. In addition, the Purchaser has deposited an additional $250,000 to be held by the escrow agent until closing. Mace will retain the $500,000 and will receive the $250,000 deposit being held in escrow, if the Purchaser fails to close in accordance with the agreement by May 16, 2007.

Mace Security International, Inc. is a manufacturer of electronic surveillance and personal defense products, and an owner and operator of car and truck wash facilities. Information about Mace and becoming a Mace Authorized Dealer is available at www.mace.com. The Company’s consumer e-commerce web site is www.macecatalog.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, dilution to shareholders, limited capital resources, the effects of weather on the demand for car care services, the effects of rapid growth on Mace and the ability of management to effectively respond to that growth, our ability to achieve operating synergies, our ability to compete against established competitors, regulatory matters, the effects of competition, and our ability to obtain additional financing. Such factors could materially adversely affect Mace’s financial performance and could cause Mace’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 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 be read in conjunction with the financial statements and notes contained in Mace’s annual reports on Form 10-K and quarterly reports on Form 10-Q.