Mace Releases December 31, 2015 Audited Financials

CLEVELAND–(BUSINESS WIRE)–Mace Security International Inc. (OTCPINK: MACE) today released audited
financial results for the twelve-month period ended December 31, 2015.
The Company’s yearend audit and financial results had been delayed
pending resolution of a valuation issue on certain non-operating assets.
The Company has made its audited financial statements for the years
ended December 31, 2015 and 2014 available on the OTC Markets’ website.

“2015 was another pivotal milestone year for the Company as we
continue to grow the Mace Brand both domestically and international
through a strong focus on personal protection, security products, and
innovation
,” stated John J. McCann, President and CEO.

Fourth Quarter/Twelve Months 2015 Financial
Highlights Compared to Prior Year

  • Strong net revenue and gross profit growth
  • Solid expansion in key channels of distribution
  • Reduced general and administrative expenses
  • Significant reduction of net operating loss from continuing
    operations

Conference Call

Mace® will announce date and time of conference call upon release
of 2016 First Half Operating Results.

About Mace Security International, Inc.

Mace Security International Inc. is a globally recognized leader in
personal safety and security. Based in Cleveland, Ohio, the Company has
spent more than 40 years designing and manufacturing consumer and
tactical products for personal defense, security products under its
world-renowned Mace® Brand – the original trusted brand of
pepper spray products. The Company also offers aerosol defense sprays
and tactical products for law enforcement and security professionals
worldwide through its Mace® Take Down® brand.

Mace Security International distributes and supports Mace® Brand
products and services through mass-market retailers, wholesale
distributors, independent dealers, e-commerce marketers and installation
service providers. For more information, please visit www.mace.com.

Forward-Looking Statements

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.

Contacts

Mace Security International Inc.
John J. McCann, 440-424-5322
President
and Chief Executive Officer
john@mace.com