Mace Security International is in Compliance With Nasdaq and is Not Subject to Being Delisted
MOUNT LAUREL, N.J., May 14 /PRNewswire/ -- Mace Security International, Inc. ("Mace") (Nasdaq: MACE), a leading provider of car care services, today announced that on May 11, 2001, it was advised by Nasdaq that it was in compliance with Market Place Rule 4450 (a)(5) and was not subject to being delisted. On April 19, 2001, the Company was advised by Nasdaq that its common stock had failed to trade above one dollar for thirty consecutive business days, and was therefore not in compliance with Marketplace Rule 4450(a)(5) of the Nasdaq National Market. Nasdaq advised the Company that it had until July 18, 2001 to maintain a bid price of at least one dollar for ten consecutive business days or be delisted. The Company maintained a minimum bid price of at least one dollar for ten consecutive business days ending May 4, 2001. On May 11, 2001, the Company was advised by Nasdaq that it was in compliance with Market Place Rule 4450(a)(5) and was not subject to being delisted. Mace Security International, Inc. is a leading provider of car care services, which owns and operates 56 car washes and five truck washes nationwide. Additional information about Mace is available at www.mace.com. Certain statements and information included in this press release constitute "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. When used in this press release, the words or phrases "will likely result", "are expected to", "will continue", "is anticipated", "estimate", "projected", "intends to" or similar expressions are intended to identify "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks, known and unknown, and uncertainties, including but not limited to economic conditions, dependence on management, dilution to shareholders, lack of capital, the effects of weather on the demand for car care services, the effects of rapid growth upon the Company and the ability of management to effectively respond to the growth, its ability to achieve operating synergies, its ability to compete, regulatory matters, the effects of competition, its ability to maintain the control of the Company's cash business, and the ability of the Company to obtain additional financing. Such factors could materially adversely affect the Company's financial performance and could cause the Company's actual results for future periods to differ materially from any opinions or statements expressed within this press release. Additional discussion of factors that could cause actual results to differ materially from management's projections, forecasts, estimates and expectations are contained in the Company's SEC filings, including its S-3 registration statements and Form 10-KSB for 2000. MAKE YOUR OPINION COUNT - Click Here http://tbutton.prnewswire.com/prn/11690X12881478
SOURCE Mace Security International
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