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Mace Security International, Inc. Announces Completion Of Two Major Acquisitions

9 September 1999

Mace Security International, Inc. Announces Completion Of Two Major Acquisitions

    MOUNT LAUREL, N.J., Sept. 9 -- Mace Security International,
Inc. (MSI) today announced the completion of the previously
announced acquisitions of Eager Beaver Car Wash and Hanna Car Wash, operators
of five car washes in Florida and one car wash in Texas, respectively.  On a
combined basis, these washes add approximately $5,000,000 in annualized
revenue to MSI's existing operation.  The Company now owns and operates
58 car washes throughout the United States and has a present annualized run
rate of approximately $57 million.
    Eager Beaver Car Wash operates five full service car washes on the West
Coast of Florida.  The car washes provide washing and waxing, and contain
professional detail centers and self-service bays.  Eager Beaver represents
MSI's first car wash chain in the southeast region of the United States.
    Hanna Car Wash is a "tuck-in" acquisition which strengthens the Company's
market presence in Lubbock, Texas.  Hanna is a full service car wash that
provides washing, waxing, gasoline and detailing.  MSI is the largest operator
of car washes in Lubbock.
    "The consummation of these transactions are very important to MSI because
of their geographical location.  Eager Beaver is the foundation of our
strategy to aggressively penetrate into the southeast region," said Louis D.
Paolino, Jr., CEO and Chairman of MSI.  "Eager Beaver's previous owner, Ken
Bachman, who has over 20 years experience, is well known and well respected in
the car wash industry.  He will join MSI and become a key member of our
acquisition team."
    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.