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Mace Signs Definitive Purchase Agreement to Acquire Car Wash Chain

12 July 1999

Mace Security International Signs Definitive Purchase Agreement to Acquire Florida-Based Car Wash Chain

    MOUNT LAUREL, N.J., July 12 -- Mace Security International,
Inc. (MSI) today announced that it has signed a definitive
purchase agreement to acquire Eager Beaver Car Wash, Inc. ("Eager Beaver"), a
Florida-based car wash chain.  Eager Beaver operates five full service car
washes on the west coast of Florida that provide a complete line of car care
services including washing, waxing and lubrication services, as well as
professional detailing centers.
    The completion of this acquisition will represent a significant new market
entry for MSI with its first car wash chain in Florida.  The Company now owns
and operates car washes in Arizona, Delaware, Florida, New Jersey,
Pennsylvania and Texas.
    Louis D. Paolino, Jr., President, CEO and Chairman of MSI, said, "We are
very pleased to have signed an agreement with Eager Beaver.  Gaining presence
in this geographical area is a strategic first step for MSI to aggressively
approach the Florida and southeastern markets."  He added, "Eager Beaver is a
solid, well-established business with over 20 years of operating experience.
Their management team's knowledge of effective marketing and customer
relations will benefit all of our car wash operations."
    The agreement is subject to customary closing conditions including
completion of due diligence.  Moreover, there can be no assurance that the
acquisition will ultimately be closed.
    Mace Security International, Inc. is a publicly traded company which owns
and operates car washes and is also a leading producer of less lethal defense
sprays for the consumer market and a marketer 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 but not 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.