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Mace Security International Acquires Two Strategic Car Wash Locations

31 August 1999

Mace Security International, Inc. Acquires Two Strategic Car Wash Locations in Existing Markets

    MOUNT LAUREL, N.J., Aug. 31 -- Mace Security International,
Inc. ("MSI") today announced that it has acquired Shammy Man
Car Wash of Phoenix, Arizona as well as the completion of the previously
announced acquisition of Classic 50's Car Wash of Lubbock, Texas.
Collectively, the companies represent approximately $2 million in annualized
revenue.
    Shammy Man, which is a full service car wash containing a convenience
store and detail center, is a "tuck-in" acquisition that will be integrated
into MSI's existing Phoenix, Arizona operations. The Company now owns and
operates 14 car washes in this geographical location.  Also, Shammy Man has
recently been reconstructed with new modernized operational equipment which
will increase the efficiency and improve the quality of the car wash.
    Additionally, the Company completed the acquisition of Classic 50's, which
is located in Lubbock, Texas, is a full service car wash that also contains a
convenience store and detail center.  The completion of this acquisition
coupled with two car wash businesses under definitive agreement, makes MSI the
operator of 75% of all car washes in the Lubbock, Texas regional area.  This
transaction is expected to be accounted for as a "pooling of interests"
business combination.
    Louis D. Paolino, Jr., President, CEO and Chairman of MSI said, "We are
very pleased with the completion of these two acquisitions.  Shammy Man
immediately provides us a larger customer base in Phoenix, while Classic 50's
gives MSI the opportunity of becoming the leading operator of car washes in
Lubbock, Texas."  He added, "The completion of these acquisitions is exciting
because it enables MSI to implement marketing initiatives to effectively build
brand name awareness in both of these geographical regions."
    Mace Security International, Inc. is a provider of car care services which
owns and operates numerous car washes nationwide.  The Company 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.