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Mace Security International Acquires Two Car Wash Chains

26 May 1999

Mace Security International Acquires Two Car Wash Chains Becoming the Country's First Publicly Owned Car Wash Consolidator

    BENNINGTON, Vt., May 25 -- Mace Security International, Inc.
(MSI) today announced that it has acquired Colonial Full
Service Car Wash, Inc. and Genie Car Wash, Inc. and certain of its affiliated
entities, two major Texas-based car wash chains.  The closing of these
transactions immediately places MSI in the forefront of the car wash industry,
making it the country's first publicly owned consolidator of car washes.  The
addition of Colonial and Genie, which together operate 13 car washes and
generate approximately $16 million in sales annually, plays a strategic role
in MSI's aggressive growth strategy of acquiring car wash businesses.  MSI
recently announced it will acquire American Wash Services, Inc., a company
founded by Louis D. Paolino, Jr., which owns and has under agreement to close
on numerous car wash locations.
    Jon E. Goodrich, current President and CEO of MSI, said, "We are very
pleased to have quickly established a leadership position among the car wash
consolidators in the United States.  These acquisitions give MSI a strong
foothold in the southwestern market for further acquisitions in this important
region."  He added, "We are hiring Steve Sims, formerly Chief Operating
Officer of Colonial Full Service Car Wash, Inc., to become Vice President of
the Texas operation and oversee our Texas-based car wash businesses.  Mr. Sims
brings market and industry expertise that will be invaluable to our vision of
consolidating full and self-service car wash chains."
    Colonial Full Service Car Wash, Inc. and the Genie Car Washes, which are
located in the Dallas and Fort Worth, Texas and Austin, Texas areas,
respectively, operate car wash and lubrication centers that provide a full
line of car care services including washing, waxing, detailing, gasoline and
lubrication services.
    Mace Security International, Inc. is the first publicly-traded company to
focus on the consolidation of the car wash industry.  The Company is also a
leading producer of less lethal defense sprays for the consumer market and a
marketer and retailer of consumer safety and security products.
    This press release includes statements which may constitute forward-
looking statements made pursuant to the safe harbor provision of the Private
Securities Litigation Reform Act of 1995.  This information may involve risks
and uncertainties, including without limitation, risks relating to the
financial outcomes of the planned business and growth strategies, that could
cause actual results to differ materially from the forward-looking statements.
Although the Company believes that the expectations reflected in such forward-
looking statements are based on reasonable assumptions, such statements are
subject to risks and uncertainties that could cause actual results to differ
materially from those projected.