Mace Security International Has Reached an Agreement With Simoniz
29 September 1999
Mace Security International Has Reached an Agreement With Simoniz(R), An Industry Leading Wax and Cleaning Agent ManufacturerMT. LAUREL, N.J., Sept. 28 -- Mace Security International, Inc. (MSI) today announced that it has reached an agreement with industry leading manufacturer Simoniz(R) USA, Inc. Simoniz(R) will supply MSI's national chain of car washes with high quality waxes and cleaning agents at a set price, as well as provide operational support and training for product management. The set price offered by Simoniz(R) will significantly reduce MSI's cost of purchasing soaps and waxes. Louis D. Paolino, Jr., CEO and Chairman of MSI, said, "The Simoniz(R) USA arrangement will reduce MSI's cost of purchasing high quality waxes and cleaning agents by approximately 25%." He added, "We believe Simoniz(R) USA is among the best in the industry, and will be a valuable resource as we continue to grow throughout the country." Simoniz(R) USA, located in Bolton, Connecticut, is an industry leading manufacturer and supplier of a wide range of chemical cleansing products for car washes, car dealerships, major retailers and detail centers nationwide. Simoniz(R) is a brand name synonymous with the car wash and car care service industries since 1911. 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 without limitation, risks relating to the financial outcomes of the planned business and growth strategies, that could cause actual results to differ materially for 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.