MACE SECURITY INTL INC - MACE STOCK NEWS

Mace Security International, Inc. (OTCQX:MACE) announces Sanjay Singh as Chairman and CEO, succeeding Gary Medved, effective February 10, 2022. Singh, previously Executive Chairman since April 2020, aims to transform the business after a decline in financial results in 2021 compared to a robust 2020. Singh highlighted priorities such as overhauling revenue processes and solidifying the financial position. Mace's strong brand presence and credit line support future growth. The company plans to participate in investor conferences, with a calendar to be shared soon.

Mace Security International, Inc. (MACE) has renewed its Revolving Line of Credit with Fifth Third Bank, now totaling $3.0 million, an increase of $1 million. This Credit Agreement, effective December 1, 2021, is secured by company assets and matures on November 30, 2022. Interest will be paid monthly at a rate of SOFR plus 2%, with a minimum of 2.5%. CEO Gary Medved expressed satisfaction with the partnership, highlighting that the increased resources will support the company's growth.

Mace Security International, Inc. (OTCQX:MACE) will participate in the Small Cap Growth Conference on December 2, 2021, at 9:30 AM (EST). The virtual event allows real-time Q&A interaction between investors and the company. An archived webcast will be available for those unable to attend live. Mace, a leader in personal safety products, has over 40 years of experience in designing and manufacturing products under its well-known brands. Investors are encouraged to pre-register for the event.

Mace® Security International, Inc. (OTCQX: MACE), a leader in personal safety products, will present live at VirtualInvestorConferences.com on December 2, 2021, at 9:30 AM (EST). CEO Gary Medved will lead an interactive online event, allowing investors to ask questions in real-time. An archived webcast will be available post-event for those unable to attend live. Investors are encouraged to pre-register to ensure a smooth experience. For more details, visit www.virtualinvestorconferences.com.

Mace Security International, Inc. (OTCQX:MACE) will participate in a virtual Investor Summit on November 17th at 10:15 AM (EST). Investors can engage with the company in real-time and an archived webcast will be available post-event. Pre-registration is recommended for a smooth experience. MACE is a leader in personal safety solutions, offering a range of products for consumers and law enforcement. The company has over 40 years of experience and distributes products through various channels including mass retailers and online platforms.

Mace Security International (OTCQX:MACE) reported Q3 2021 net sales of $3,819,000, a 20% decrease year-over-year, attributed to a lack of social unrest that boosted prior-year sales. However, online sales surged 64%, with a remarkable 769% increase in Mace branded Guard Alaska bear spray. Despite a decrease in EBITDA to $257,000 and higher SG&A expenses, the company remains debt-free as of September 30, 2021. The year-to-date sales stand at $10,519,000, down 4% from 2020, reflecting a decline in private label sales but overall growth in retail and online channels.

Mace Security International (OTCQX:MACE) will host its third quarter 2021 earnings conference call on November 2, 2021, at 11:00 AM EDT. The financial results will be published after market close on November 1, 2021. Interested parties can join the call by dialing (833) 360-0862 using the conference ID 1092552. A slide presentation will be available on the company's website post-release. The recorded call will be accessible for replay starting two hours after the call until November 16, 2021.

Mace Security International (OTCQX:MACE) announced that its best-selling personal safety products are available on Lowes.com, enhancing its market reach. The personal safety market has seen significant growth over the past 12-18 months. Key products include neon personal safety alarms, various pepper sprays, and animal deterrent sprays. CEO Gary Medved expressed optimism about expanding product offerings at Lowe's in the future. Mace has over 40 years of experience in the safety and security sector, providing a trusted brand for consumers and professionals alike.

Mace Security International (MACE) reported second quarter 2021 net sales of $3,396,000, a slight decline of 1% year-over-year, notably due to drops in private label sales. However, retail and e-commerce sales surged by $810,000 (38%), driven by a 189% increase in Mace branded bear spray. Net income rose to $702,000, bolstered by a $625,000 Paycheck Protection Program loan forgiveness. The company remains debt-free and is focusing on expanding its direct-to-consumer sales and product offerings.