SecureCheck will pay Mace Security International cash for the
SecureCheck will promote and support the Mace® brand of
electronic surveillance products
SecureCheck will also pay Mace an ongoing royalty for use of the
Deal allows Mace to further focus on consumer and tactical
Future royalty streams helps to insure future profitability for
Mace Security International
CLEVELAND–(BUSINESS WIRE)–Mace Security International Inc. (OTCPINK: MACE) today announced the
sale of the electronic surveillance business to Houston based
SecureCheck LLC. The transaction includes a royalty agreement for the
use of the world renowned brand name on certain electronic surveillance
“SecureCheck LLC is the right partner for Mace due to their expertise
and their commitment to customer service. It is very important for Mace
Branded customers to have the same positive experience regardless of the
product or service provided,” stated John McCann – President and CEO of
Mace Security International.
Mace Security International and SecureCheck LLC have begun to transfer
responsibility for the business and anticipate the transition will be
complete prior to the end of 2016. Both companies anticipate being able
to launch new products and services under the Mace Brand name in 2017.
Mace recently reported a profitable second quarter and anticipates
continued profitability in third quarter and beyond. “We believe this
transaction with SecureCheck will build on that profitability in the
months and years to come,” notes Chairman Richard Barone.
“SecureCheck LLC, a leading security solutions provider is proud to
be the newest member of the MACE family. Our strategic partnership with
this world class, internationally-renowned brand is a perfect fit, and a
great addition, to our portfolio of security services and products. There
is unlimited potential for success with the combined resources of our
two companies,” observes Jack Molho, CEO of SecureCheck LLC.
About SecureCheck, LLC.
SecureCheck LLC is an industry leader in Total Security Solutions©. Its
CEO, Jack Molho reiterates the company’s philosophy by saying “If it’s
important to you, it’s important to us.” SecureCheck employs only the
most experienced professionals with the industry leading experience
needed to safeguard what is most valuable to you.
“We stand ready to provide a turnkey solution to your security concerns.
Our employees are prepared to tailor a system to your specific needs.
Whether designing a new program of protection, installing or servicing
your existing system, SecureCheck is the only call you should make.”
The firm is proud to be led by law enforcement and security
professionals who understand the needs of our clients. SecureCheck is
proud to provide proven results to commercial, industrial, corporate and
residential clients. The company offers state of the art
burglar/intrusion and detection systems, video surveillance-utilizing
the latest in analytical software as well as remote video monitoring and
access control systems. Accuracy is not an option, it is the essential
principal on which all SecureCheck services are based.
SecureCheck also offers its customers the best in monitoring facilities.
Exclusively utilizing Underwriters Laboratories/UL Listed, CSAA Five
Diamond and FM Certified Central Station Monitoring services. Only a
fraction of monitoring companies have achieved this exclusive
recognition and we are proud to offer this as one of our premier service
“We’re on guard so you don’t have to be!”
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 and surveillance 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® and Take Down® brands.
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.
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