Mace Security International Expects to Report Positive Financial Results For the First Quarter 2001 - 12% Increase in Revenues and 80% Increase in EBITDA

Conference Call on May 11, 2001 at 11:00 AM EDT



Apr 23, 2001, 01:00 ET from Mace Security International, Inc.

    MOUNT LAUREL, N.J., April 23 /PRNewswire Interactive News Release/ --
 Mace Security International, Inc. (Nasdaq:   MACE) ("Mace"), a leading provider
 of car care services, today announced that it expects to report improved and
 positive financial results for the first quarter ended March 31, 2001.  The
 Company expects to report a 12% increase in revenues and an 80% increase in
 EBITDA for the first quarter of 2001 as compared to the fourth quarter of
 2000.
     Mace's preliminary results for the first quarter ended March 31, 2001
 indicate that revenues increased 12% to approximately $12.8 million from $11.4
 million in the fourth quarter ended December 31, 2000.  Mace's preliminary
 results also indicate that EBITDA in the first quarter of 2001 increased 80%
 to approximately $1.8 million from $1.0 million in the fourth quarter of 2000.
 In addition, Mace expects to report a profit in after-tax income and earnings
 per share for the first quarter ended March 31, 2001.  The Company's internal
 growth improvements during the first quarter are expected to result in a
 substantial increase in operating cash flow as compared to the prior two
 quarters.
     The Company's preliminary results also indicate that car wash volume
 increased significantly to approximately 750,000 vehicles in the first quarter
 ended March 31, 2001 compared to 661,000 vehicles in the fourth quarter of
 2000, a 13.5% increase, despite continued unfavorable weather conditions.
 During the first quarter of 2001, the Company's markets, on a combined basis,
 experienced rain or clouds on approximately 59% of its operating days as
 compared to 54% in the December 2000 quarter, according to information
 gathered from the National Climatic Data Center.
     "Our first quarter financial results are expected to be positive as
 operating improvements at our car washes continue to show financial benefits,
 despite above normal lost operating days relating to continued unfavorable
 weather conditions," said Louis D. Paolino, Jr., Chairman and Chief Executive
 Officer of Mace.  "The fundamentals of the business continue to be very
 strong, which is demonstrated by the 80% increase in EBITDA after generating
 an increase of 12% in revenues during the quarter."
     Mr. Paolino also said, "As compared to our results one year ago in our
 March 2000 quarter, our preliminary results indicate that detailing revenue
 improved by 34% and our average wash revenue per car increased by 12% or $1.45
 per car from approximately $11.90 to approximately $13.35 per car.  These
 increases in detailing and average wash revenue per car offset the poor
 weather conditions we experienced during the quarter and will add additional
 profits to our bottom line.  Furthermore, management believes that we are
 positioned to continue increasing financial results through internal growth."
     On April 19, 2001, the Company was advised by Nasdaq that its stock price
 was below $1.00 for 30 consecutive days.  If the Company's stock price is not
 $1.00 or more for ten consecutive days on or before July 18, 2001, Nasdaq has
 advised the Company that it may be delisted.  The Company can and would appeal
 any decision to delist its stock.  The Company's book value per share as of
 December 31, 2000 was $2.47 per share.  In light of Mace's per share book
 value and its improved and positive March quarter operating results, the
 Company believes that its shares are significantly undervalued.
     Estimates are based upon preliminary results and are subject to final
 review.
     Mace will conduct a conference call on Friday, May 11, 2001 at 11:00 AM
 EDT.  The conference call number is (888) 868-9083.  A press release detailing
 the results for the quarter will be released after the market closes on
 Thursday, May 10, 2001.  There will be access to a tape recording of the
 teleconference by calling (877) 519-4471 and entering the reservation number
 2557583.  This will be available after the teleconference from 1:00 PM EDT,
 Friday, May 11, 2001 through 5:00 PM EDT, Monday, May 14, 2001.  In addition,
 a live web cast of the conference call will be available online at
 www.mace.com or www.streetevents.com through July 1, 2001.
     Mace Security International, Inc. is a provider of car care services,
 which owns and operates car and truck washes nationwide.
 
     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 affects 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.
 
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SOURCE Mace Security International, Inc.
    MOUNT LAUREL, N.J., April 23 /PRNewswire Interactive News Release/ --
 Mace Security International, Inc. (Nasdaq:   MACE) ("Mace"), a leading provider
 of car care services, today announced that it expects to report improved and
 positive financial results for the first quarter ended March 31, 2001.  The
 Company expects to report a 12% increase in revenues and an 80% increase in
 EBITDA for the first quarter of 2001 as compared to the fourth quarter of
 2000.
     Mace's preliminary results for the first quarter ended March 31, 2001
 indicate that revenues increased 12% to approximately $12.8 million from $11.4
 million in the fourth quarter ended December 31, 2000.  Mace's preliminary
 results also indicate that EBITDA in the first quarter of 2001 increased 80%
 to approximately $1.8 million from $1.0 million in the fourth quarter of 2000.
 In addition, Mace expects to report a profit in after-tax income and earnings
 per share for the first quarter ended March 31, 2001.  The Company's internal
 growth improvements during the first quarter are expected to result in a
 substantial increase in operating cash flow as compared to the prior two
 quarters.
     The Company's preliminary results also indicate that car wash volume
 increased significantly to approximately 750,000 vehicles in the first quarter
 ended March 31, 2001 compared to 661,000 vehicles in the fourth quarter of
 2000, a 13.5% increase, despite continued unfavorable weather conditions.
 During the first quarter of 2001, the Company's markets, on a combined basis,
 experienced rain or clouds on approximately 59% of its operating days as
 compared to 54% in the December 2000 quarter, according to information
 gathered from the National Climatic Data Center.
     "Our first quarter financial results are expected to be positive as
 operating improvements at our car washes continue to show financial benefits,
 despite above normal lost operating days relating to continued unfavorable
 weather conditions," said Louis D. Paolino, Jr., Chairman and Chief Executive
 Officer of Mace.  "The fundamentals of the business continue to be very
 strong, which is demonstrated by the 80% increase in EBITDA after generating
 an increase of 12% in revenues during the quarter."
     Mr. Paolino also said, "As compared to our results one year ago in our
 March 2000 quarter, our preliminary results indicate that detailing revenue
 improved by 34% and our average wash revenue per car increased by 12% or $1.45
 per car from approximately $11.90 to approximately $13.35 per car.  These
 increases in detailing and average wash revenue per car offset the poor
 weather conditions we experienced during the quarter and will add additional
 profits to our bottom line.  Furthermore, management believes that we are
 positioned to continue increasing financial results through internal growth."
     On April 19, 2001, the Company was advised by Nasdaq that its stock price
 was below $1.00 for 30 consecutive days.  If the Company's stock price is not
 $1.00 or more for ten consecutive days on or before July 18, 2001, Nasdaq has
 advised the Company that it may be delisted.  The Company can and would appeal
 any decision to delist its stock.  The Company's book value per share as of
 December 31, 2000 was $2.47 per share.  In light of Mace's per share book
 value and its improved and positive March quarter operating results, the
 Company believes that its shares are significantly undervalued.
     Estimates are based upon preliminary results and are subject to final
 review.
     Mace will conduct a conference call on Friday, May 11, 2001 at 11:00 AM
 EDT.  The conference call number is (888) 868-9083.  A press release detailing
 the results for the quarter will be released after the market closes on
 Thursday, May 10, 2001.  There will be access to a tape recording of the
 teleconference by calling (877) 519-4471 and entering the reservation number
 2557583.  This will be available after the teleconference from 1:00 PM EDT,
 Friday, May 11, 2001 through 5:00 PM EDT, Monday, May 14, 2001.  In addition,
 a live web cast of the conference call will be available online at
 www.mace.com or www.streetevents.com through July 1, 2001.
     Mace Security International, Inc. is a provider of car care services,
 which owns and operates car and truck washes nationwide.
 
     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 affects 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.
 
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                http://tbutton.prnewswire.com/prn/11690X27302953
 
 SOURCE  Mace Security International, Inc.