Mace Security International, Inc. Sells Lubbock, Texas Car Wash
March 17 2010 - 1:00PM
Business Wire
Mace Security International, Inc. ("Mace", “Corporation” or the
“Company”) (NASDAQ Global: MACE) today announced that it has sold a
car wash facility located in Lubbock, Texas. With the sale, the
Corporation currently has seven remaining car washes. The sales
price for the Lubbock car wash was $ 750,000 with the company
netting $ 733,000 in cash after closing costs.
Dennis Raefield, Mace’s CEO and President stated. “We are
pleased to announce this sale as it displays continued progress in
achieving our goal of exiting the car wash business.”
Mace currently owns six car wash locations and leases one
location in Texas.
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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