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Mace Receives a Commitment to Syndicate $45M Revolving Credit

2 September 1999

Mace Security International Receives a Commitment to Syndicate A $45 Million Revolving Credit Facility From the Bank of America

    MOUNT LAUREL, N.J., Sept. 2 -- Mace Security International,
Inc. ("MSI") today announced that it has received a commitment
to syndicate a $45 million senior secured revolving credit facility from the
Bank of America and Banc of America Securities.
    The proceeds of the facility will be used primarily to fund additional
acquisitions and the Company's expansion program, as well as provide working
capital.
    Louis D. Paolino, Jr., President, CEO and Chairman of MSI, said, "We are
pleased to have received a commitment to syndicate this revolving credit
facility which will support our previously announced strategic initiatives
designed to continue the long-term growth of MSI.  This syndication commitment
from the Bank of America and Banc of America Securities is a great first step
for MSI as we become the largest car wash company in the country."  He added,
"We currently own and operate 57 car washes nationwide which we purchased by
acquisition.  We will continue to purchase existing locations as well as
develop new car wash facilities and additional profit centers for the car
washes including lubrication centers, convenience stores, fuel bays and other
ancillary businesses that will provide favorable synergies."
    The Bank of America will act as Administrative Agent and Banc of America
Securities will act as Lead Arranger and Book Manager for the proposed
Facility.  The syndication commitment is subject to normal closing conditions
and no assurance can be given that the facility will close.
    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.

    Contact:

    Louis D. Paolino, Jr., President, CEO & Chairman
    Gregory M. Krzemien, CFO & Treasurer
    Eduardo Nieves, Jr., Investor Relations
    Mace Security International, Inc.
    (856) 778-2300