Mace Announces the Closing of Two Northeast Car Washes, Which Completes the Sale of All of Its Northeast Car Wash Locations

FORT LAUDERDALE, Fla.--Mace Security International, Inc. (“Company”) today announced that it has completed the sale of two previously announced car wash transactions for $1,375,000. The two car washes are located in Camden and Sicklerville, New Jersey. The car wash in Camden was sold for $525,000 and the car wash in Sicklerville was sold for $850,000.

On May 3, 2007, Mace announced that it had signed five separate definitive purchase agreements to sell five car washes located in Pennsylvania, New Jersey, Delaware and Texas. Mace already announced the closing of three of those locations. These two car washes represent the remaining car washes announced on May 3, 2007, and also represent Mace’s remaining Northeast car washes.

The assets of these two car washes were sold at a price of approximately $200,000 above the recorded June 30, 2007 net book value of approximately $1,175,000. Mace owned both of these car washes.

Mace intends to use the proceeds of approximately $1,375,000 to fund future expansion and as working capital.

Mace Security International, Inc. owns and operates car and truck washes, and had previously announced that it is exiting this segment of its business. Mace’s remaining car washes for sale are located in Florida and Texas. The Company is a manufacturer of personal defense and electronic surveillance products marketed under the famous brand name, Mace®. The Company recently entered the online and digital media e-commerce business with the purchase of Linkstar Interactive. 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, 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.