“After careful consideration, the Company took this action because the Board believes the burden of SEC reporting in terms of costs and management time is disproportionate to the benefits of maintaining its SEC registered status. We believe that our shareholders are better served by deregistration, which will allow management to focus on operating the business and working to increase shareholder value,” said Richard A. Barone, the Company’s Chairman of the Board.John J. McCann, President and Chief Executive Officer of Mace, further stated: “I believe that the Company’s decision to deregister its securities will allow us to accelerate the further planned reduction of our operating expenses through additional headcount reductions and operating location consolidation and provide us additional resources to accelerate our marketing and sales plan. With this focus on increasing sales and accelerating overhead reductions and operating efficiencies, we are getting closer to our goal of being profitable.” About Mace Mace Security International, Inc. (OTCQB: MACE) is the manufacturer of personal defense and electronic surveillance products marketed under the famous brand name Mace®, and is the owner and operator of a wholesale central monitoring station. Mace’s web site is 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,” “intend 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, our ability to compete with competitors, dilution to shareholders, and limited capital resources. A discussion of factors that could materially adversely affect the Company’s financial performance and cause actual results for future periods to differ materially from the statements expressed within this press release, and management's opinions, projections, forecasts, estimates and expectations are contained under the heading “Risk Factors” in Mace’s SEC filings, including its registration statements and its periodic reports on Form 10-K and Form 10-Q. This press release should also be read in conjunction with the financial statements and notes contained in Mace’s Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.