| |
 |
MACE
SECURITY INTERNATIONAL, INC. (NasdaqNM: MACE) |
 |
Dear Reader,
On Wednesday of last week we let you know that we were working
on a profile of a company that is truly a household name and told
you that said company might just bring a tear to your eye.
Many of you wrote in to ask us what could be so compelling as
to generate such emotion.
Well, now we can tell you.
Our subject company today is Mace Security
International, Inc. (NasdaqNM: MACE)
and for those of you who have recently relocated from a
deserted island, Mace is a leading producer of less-lethal self-defense
products including the popular spray, Mace®, with which most
of us associate the Mace name.
But a deeper look at this NASDAQ
company reveals a more sophisticated and diversified business
plan than the ubiquitous MACE name conveys; a company with a foothold
in a reliable time-proven business that generates revenues and
profits for the company as well as new efforts in other aspects
within the security arena.
A quick look reveals a profitable company
with a strong cash position of $7.2 million or $0.29 per share
as of September 30, 2002, shareholders equity of $59 million ($2.33
per share), and a stock trading at just 38% of its September 30,
2002 book value per share (as of market close on
12/03/02). Management is demonstrating its confidence in
the company through open market purchases of the Company's stock
under a stock buy back program recently authorized by the Company's
Board of Directors for up to two million shares. Management also
has a significant ownership percentage in the company at an average
per share cost in excess of the current trading price of the Company's
stock.
We’re not sure if that brought a tear
to your eye but it might someday
if you don’t read the rest of today’s
profile.
|
ABOUT
MACE SECURITY INTERNATIONAL, INC. |
|
Though Mace is known worldwide for its popular self-defense sprays,
a deeper inspection of the company's financials reveals a business
plan based on the car care industry and on new digital surveillance
products which will be marketed under the enormously recognizable
Mace brand name. Currently, the majority of its revenues and earnings
are generated by its success in the car care services sector.
However, Mace is heavily investing in a roll out of innovative
electronic surveillance products including its new 14"
Dual Page Color Quad Surveillance System, 14" Black & White
Quad Surveillance System and 2.4 Ghz Wireless Audio & Video
System.
|
MARKETS |
|
Mace's operations are conducted through two primary segments:
The Car Care segment, which owns and operates 55 car washes and
five truck washes, and the Security Products segment, which designs,
markets and sells consumer products for use in protection of the
home, business and automobile. Mace is actively investing
in the development of state-of-the-art digital electronic video
surveillance systems.
|
RECENT
NEWS ON MACE |
|
Press Release
Source: Mace Security International,
Inc.
Wednesday October 30, 11:33 am
ET
Mace Continues Its New Product Roll-out Program
by Introducing Its New Advanced Color Quad Video
Surveillance System
(BUSINESS WIRE)-- Mace Security International Inc. ("Mace")
(Nasdaq:MACE - News), a manufacturer and marketer of security
products and provider of car care services, today announced that
it has introduced a new professional grade color quad video surveillance
system developed by its Mace Security Products Division.
To read the entire release, Click
Here
Press Release
Source: Mace Security International,
Inc.
Friday November 8, 5:00 pm ET
Mace Security Intl Reports
Improved Gross Profit Margins of 29.8% for the
First Nine Months
and 26.6% for the 3rd Qtr of 2002
MOUNT LAUREL, N.J.--(BUSINESS WIRE)--Nov. 8, 2002--Mace Security
International, Inc. ("Mace") (Nasdaq:MACE - News), a manufacturer
and marketer of security products and provider of car care services,
today announced improved gross profit margins of 29.8% for the
nine months ended September 30, 2002 and 26.6% for the third quarter
ended September 30, 2002.
To read the entire release, Click
Here
|
MACE
SURVEILLANCE INNOVATION |
|
Mace is actively investing in the development of surveillance
equipment for protection and monitoring of the home and business.
These feature-rich systems are designed to provide the latest
technology and highest quality at an affordable price point.
Features include:
24/7 Day and Night Protection and Monitoring for Home
or Business
Always On, No Activation and Deactivation Necessary
Complete Package System That is Easy to Install
No Monthly Monitoring or Hidden Fees
Protects Your Family, Your House and Your Business Investment
View Four Locations Per Site Simultaneously
|
14" DUAL PAGE COLOR QUAD SURVEILLANCE
SYSTEM
|
|
14" B/W QUAD SURVEILLANCE SYSTEM
|
 
|
2.4Ghz WIRELESS CAMERA &
MONITOR
Larger 6” Flat High Resolution Display
See & Hear Your Baby Day or Night
Easy to use Plug & Play Setup
Portable Lightweight Design
Supports up to Four Cameras
AC or Battery Powered & Built-in Antenna
|
|
MACE
CAR CARE SERVICES |
|
   
Mace's financial fundamentals are strong and are based on a durable
and established Car Care business. The Car Care business has minimal
receivables, strong cash flow and valuable real estate.
Mace owns and operates 55 car washes in six states and five truck
wash service facilities. The company also maintains several ancillary
profit centers at its car wash locations including gasoline dispensing
islands, oil and lubrication centers, merchandise store sales
and professional detailing centers. Mace owns most of the real
estate upon which its facilities are located.
|
THE
LEGENDARY MACE PRODUCT LINE |
|
 |
Founded in 1987 with a single defense spray product line,
the Company's Mace Security Products Division is a leading
producer of less-lethal defense sprays for consumers, as
well as a marketer of consumer safety and security products
and services worldwide.
The Mace Security Products Division markets products
and services under the highly recognized Mace® name
and related trademarks. The brand name of Mace is a registered
trade mark which the corporation owns. Its security sectors
include child, personal, home, auto, financial, and private
corrections product lines.
The Consumer sector of this division includes an in-house
sales and support staff that work with a nationwide network
of manufacturers' representative groups and which also
sell directly to wholesale distributors.
|
Significant retail accounts, including Kmart and Sports Authority,
are generally handled directly in-house as are mail and Internet
orders and specialty accounts. Mass merchants/department stores,
consumer catalogues and guns/sporting goods, hardware, auto, convenience
and drug stores are among the markets that sell these consumer
products. The Consumer safety and security products sector includes
a line of Mace® defense sprays and personal protective electronic
alarms, the KinderGard® line of child safety products and
a line of electronic home and auto alarm products purchased and
re-sold under the Mace brand umbrella.
|
SELECTED
FINANCIAL HIGHLIGHTS |
|
| Shares O/S: 24,921,685 (as of 11-07-02)
Float (approx:): 14.6 million
(calculated as total shares o/s minus
shares held by 5%+ owners and Executive officers )
Approximate Market Cap: $22.2 million
(as of 12/03/02)
Insider Ownership: 42% (Exec. officers
and 5%+ Owners)
Institutional ownership: 1% (2% of float) (9 institutions)
(according to Yahoo Finance)
3-month avg. daily trading volume: 32,500
(according to Yahoo Finance)
Employees: 1,825 (last reported count)
FYE: 12/31
|
Financial Highlights: 9 months ended 9/30/02
Revenues: $35.4 million vs. $36.8 million same
period prior year, or a 3.8 % decline.
Income before cumulative effect of a change in accounting
principle: for the nine months of 2002 increased 45%
to $932,000 or $.04 per share from $641,000 or $.03 per
share in 2001.
Net Income: Basic and diluted net (loss) income
per share (after cumulative effect of a change in accounting
principle, net of tax in 2002) $(0.19) for the nine
months of 2002 vs. $0.03 for the nine months of 2001.
Cash and equivalents, end of nine-month period:
$7.2 million vs. $6.0 million same period prior year,
or a 20% increase.
Gross profit: as a percent of revenues improved
to 29.8% in the first nine months of 2002 from 28.4% in
2001.
|
Selected financial items have been excerpted. To review
SEC filings for Mace Security International, Inc. Click
Here
EXECUTIVE MANAGEMENT
 |
Louis D. Paolino, Jr. is the Chairman,
Chief Executive Officer and President of the Company.
Mr. Paolino was formerly the Chairman, Chief Executive Officer
and President of Eastern Environmental Services, Inc., a
solid waste management services company. When Mr.
Paolino joined Eastern in June 1996, the company's sales
for that fiscal year totaled $7.6 million with a market
value of less than $10 million with a stock price of $1.50.
Mr. Paolino was responsible for implementing an aggressive
acquisition policy that resulted in the completion of 60
acquisitions by the end of 1998, thus producing an annual
sales run rate exceeding $450 million. In a stock
transaction announced in August of 1998 and closed on December
31, 1998, Eastern, then the country's fifth largest solid
waste management company, was merged into industry leader
Waste Management, Inc. with a valuation in excess of $1.3
billion and a NASDAQ stock value of $32 per share.
He received a B.S. degree in Civil Engineering from Drexel
University. |
|
FOR
MORE INFORMATION |
|
Mace Security International, Inc.,
1000 Crawford Place, Suite 400
Mt. Laurel, NJ 08054
Phone: (856) 778-2300
Fax: (856) 439-1723
Email: info@mace.com
Investor Relations Contact: Louis Paolino, Jr. 856/778-2300
Corporate Web site: www.mace.com
Want
to feature YOUR company to over 1 MILLION investors?
Click
here to
learn more about our programs or email us directly at info@stockupticks.com
Mace
Security International, Inc. Safe Harbor: Certain statements
and information included in this E-mail and the MACE press releases
constitute "forward-looking statements" within the meaning of the
Federal Private Securities Litigation Reform Act of 1995. When used
in this document or the company's press releases, the words or phrases
"will likely result", "are expected to", "will continue", "is anticipated",
"estimate", "projected", "intends 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, dilution to shareholders, lack of capital, the effects
of weather on the demand for car care services, the effects of rapid
growth upon the Company and the ability of management to effectively
respond to the growth, its ability to achieve operating synergies,
its ability to compete, regulatory matters, the effects of competition,
its ability to maintain the control of the Company's cash business,
and the ability of the Company to obtain additional financing. Such
factors could materially adversely affect the Company's financial
performance and could cause the Company's actual results for future
periods to differ materially from any opinions or statements expressed
within this document or the company's press releases. Additional
discussion of factors that could cause actual results to differ
materially from management's projections, forecasts, estimates and
expectations are contained in the Company's SEC filings, including
its S-3 registration statements, Form 10-K for 2001, Form 10-Q for
the quarter ended March 31, 2002, Form 10-Q for the quarter ended
June 30, 2002 and Form 10-Q for the quarter ended September 30,
2002. This document and the company's press releases should be read
in conjunction with the financial statements and notes contained
in the Company's annual report on Form 10-K and the Company's quarterly
reports on Form 10-Q.
Stockupticks
Safe Harbor Statement: Statements contained in this
document, including those pertaining to estimates and related
plans, potential mergers and acquisitions, estimates, growth,
establishing new markets, expansion into new markets and related
plans other than statements of historical fact, are forward-looking
statements subject to a number of uncertainties that could cause
actual results to differ materially from statements made.
StockUpTicks.com is a property of Market Pathways Financial Relations
Incorporated (MP). MP provides no assurance as to the subject
company's plans or ability to effect any planned and/or proposed
actions. MP has no first-hand knowledge of management and therefore
cannot comment on its capabilities, intent, resources, nor experience
and makes no attempt to do so. Statistical information,
dollar amounts, and market size data was provided by the subject
company and related sources believed by MP to be reliable, but
MP provides no assurance, and none is given, as to the accuracy
and completeness of this information.
Disclaimer:
StockUpTicks.com is a property of Market Pathways Financial Relations
Incorporated (MP). The information, opinions and analysis
contained herein are based on sources believed to be reliable
but no representation, expressed or implied, is made as to its
accuracy, completeness or correctness. Past performance
is no guarantee of future results. This report is a paid advertisement
and is for information purposes only and should not be used as
the basis for any investment decision. MP
has been compensated $15,000 from Mace Security International,
Inc., for preparation and distribution of this report and other
advertising and consulting services. This constitutes a
conflict of interest as to MP’s ability to remain objective in
its communication regarding the subject company. Write or
call MP for detailed disclosure as required by Rule 17b of the
Securities Act of 1933/1934. MP is not an investment advisor
and this report is not investment advice. This information is
neither a solicitation to buy nor an offer to sell securities
but is a paid advertisement. Information contained herein
contains forward-looking statements and is subject to significant
risks and uncertainties, which will affect the results.
The opinions contained herein reflect our current judgment and
are subject to change without notice. MP and/or its affiliates,
associates and employees from time to time may have either a long
or short position in securities mentioned. Information contained
herein may not be reproduced in whole or in part without the express
written consent of Market Pathways Financial Relations Incorporated.
|
|
