MACE SECURITY INTL INC - MACE STOCK NEWS

Mace Security International, Inc. (OTCQX:MACE) announced its 2021 Investor Relations Events schedule, including key presentations and earnings calls. Notable events include the 4Q20 Earnings Call on April 6, 2021, and the Annual Investor Day in July. The company specializes in personal safety products and is known for its Mace brand. Interested investors can learn more about the events by contacting Mike Weisbarth directly.

Mace Security International has launched the Mace Palm Stun Device, a personal safety product designed for ease of use and portability. This hand-held stun device aims to empower users, particularly in close-contact situations, by delivering a painful shock to deter potential threats. Developed in response to customer requests for a compact alternative to traditional stun guns, the device features high-capacity rechargeable batteries and comes in black and neon pink. The Palm Stun Device reflects Mace's commitment to innovation in personal safety solutions.

NEW YORK, NY / ACCESSWIRE / November 12, 2020 / Mace Security (OTC PINK:MACE) will present at the virtual Fall Investor Summit from November 16^th to 18^th. This event will feature 75 companies and attract over 300 institutional and retail investors.

Mace Security is a leader in non-lethal personal safety products, known for the Mace (R) Brand pepper spray. The summit, previously known as the MicroCap Conference, focuses on connecting smallcap and microcap companies with investors. For more details, visit Investors Summit Group.

Mace Security International (OTCQX:MACE) is participating in the Investor Summit MicroCap Conference on November 16 at 9:30 AM (EDT). CEO Gary Medved expressed excitement over a strong 3rd quarter and aims to showcase their growth strategy. The company focuses on improving delivery times and expanding retailer partnerships. Executive Chairman Sanjay Singh highlighted the importance of awareness campaigns and product innovations for future growth. Mace, a leader in personal safety, distributes products through various channels, including major retailers and online.

Mace Security International (OTCQX:MACE) reported a strong third quarter for 2020, with net sales reaching $4,757,000, indicating a 94% increase from the prior year. The growth stemmed from organic sales enhancements and new customers. Net income surged to $682,000 (14% of net sales), a significant recovery from a loss of $161,000 in Q3 2019. EBITDA also improved, totaling $824,000 or 17% of net sales. Despite challenges in international sales due to part shortages, the company remains optimistic about future growth through new retail partnerships and product expansion.

Mace Security International, Inc. (OTCQX:MACE) will hold its third quarter 2020 earnings conference call on November 2, 2020, at 11:00 AM ET. The financial results will be released before market opening on October 29, 2020. Investors can access a presentation and the full financial statements on Mace's official website under the 'Investors' section. The call will also be available via telephone, with a digital replay accessible after the call. Mace is a leading provider of personal safety products, operating for over 30 years.

Mace Security International, Inc. (OTCQX:MACE) will participate in the OTC Markets 2020 Investor Conference on October 8, 2020, at 2:00 PM EDT. CEO Gary Medved highlighted the company’s ongoing revenue and profitability growth, attributing success to the hard work of its team and the enduring legacy of the Mace brand. Executive Chairman Sanjay Singh emphasized the evolving demand for personal safety products, mentioning adaptive strategies and ongoing awareness campaigns. MACE is known for its long history in personal safety product manufacturing.

Mace Security International, Inc. (OTCQX:MACE) has fully repaid a $600K revolving credit facility from TCF National Bank. This repayment leaves the company with minimal debt, primarily related to a Paycheck Protection Program loan, which they expect to be mostly forgiven. Mace highlights an increase in market value by $20 million over six months and plans to secure a new credit facility within 90 days to support its growing order backlog. However, failure to secure this financing may negatively impact inventory and sales growth.

Mace Security International, Inc. (OTCQX:MACE) received a Notice of Demand for Payment from TCF National Bank regarding a $600,000 loan. The company must repay by September 30, 2020, unless a forbearance agreement is reached. The company is current with its obligations but is exploring alternative credit facilities due to growth in its order backlog. The loan is backed by a lien on company assets, and failure to pay may lead to severe financial consequences. The company aims to secure a replacement revolving credit facility within six to twelve months to maintain its operations.