MACE Mace Security International (MM)

Mace Security International, Inc. (“MACE” or the “Company”) (NASDAQ Global: MACE) announced that it has closed on the sale of a car wash in Lubbock, Texas for $650,000 and that it has entered into agreements to sell its remaining car wash in Lubbock, Texas for $1,700,000 and a car wash in Arlington, Texas for $2,100,000.

Lubbock, Texas Car Washes

On June 2, 2010, the Company completed its sale of the 50’s Classic Car Wash in Lubbock, Texas for $650,000. The car wash had a book value of approximately $430,000. There was no outstanding debt on this car wash.

Additionally, on May 24, 2010, the Company entered into an agreement of sale for its remaining car wash it owns in Lubbock, Texas, the Crystal Falls Car Wash, for a sales price of $1,700,000. The current book value of this car wash is approximately $1,700,000. After payment of the related debt of approximately $770,000 and customary closing costs, the Corporation expects to net approximately $900,000 upon completion of the sale. The agreement of sale provides the buyer with a forty five (45) day feasibility study period followed by a maximum of six months, at the buyer’s discretion and cost, to remove existing underground storage tanks and obtain necessary environmental clearance. No assurance can be given that this transaction will be consummated. An escrow deposit of $25,000 was made by the buyer with the deposit payable to the Company under certain default conditions as defined in the agreement of sale.

Arlington, Texas Car Wash

On June 1, 2010, the Company entered into an agreement of sale for a car wash in Arlington, Texas for a sales price of $2,100,000. The current book value of this car wash is approximately $2,000,000 with outstanding debt of approximately $820,000. The agreement of sale provides the buyer a forty five (45) day inspection period with the closing date forty five (45) days after the inspection period. The buyer can exercise up to three 30 day extension periods beyond the defined closing date with additional escrow deposits required of $10,000 for each extension period requested. No assurance can be given that this transaction will be consummated. An escrow deposit of $10,000 was made by the buyer with an additional escrow deposit of $30,000 required five days after the 45 day inspection period. The deposits are payable to the Company under certain default conditions as defined in the agreement of sale.

“We are excited that we are continuing to sell our car washes especially in the current economic environment,” said Dennis Raefield, Mace’s CEO and President. “We previously disclosed that we sold the Hanna Car Wash in Lubbock, Texas in March, 2009. With the recent completion of the sale of the 50’s Classic Car Wash and the execution of the signed agreement to sell the Crystal Falls Car Wash in Lubbock, Texas, Mace is one step closer to being completely out of the Lubbock, Texas market.”

Exclusive of the above mentioned car washes, Mace has four remaining car washes in the Arlington and Fort Worth, Texas market, one of which is under an agreement of sale for $625,000 dated January 27, 2010 which is anticipated to close by June 30, 2010.

About Mace

Mace Security International, Inc. is the manufacturer of personal defense and electronic surveillance products marketed under the famous brand name Mace®, and is an owner and operator of a wholesale central monitoring station. The Company also operates a Digital Media Marketing and e-commerce business. 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. 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, are contained under the heading “Risk Factors” in Mace’s SEC filings, including its periodic reports on Form 10-K and Form 10-Q ,which reports should be read in conjunction with this press release.

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