Mace Security International, Inc. to Explore the Sale of Its Digital Media Marketing Business
March 10 2010 - 12:00PM
Business Wire
Mace Security International, Inc. ("Mace", “Corporation” or the
“Company”) (NASDAQ Global:MACE) today announced that it has
retained Northside Advisors LLC, a boutique investment banking
firm, to explore the sale of the Company’s Digital Media Marketing
Segment. The Company’s Digital Media Marketing Segment is an
e-commerce and online marketing business which has two operating
divisions: (1) e-commerce, the sale of products on internet
promotional sites, and (2) online marketing, which publishes
internet promotional sites that offer the Company’s and third party
products for sale. The segment uses proprietary technologies and
software to sell products on the internet.
Dennis Raefield, the Company’s Chief Executive Officer stated
that “the Company has not made a decision to sell the Digital Media
Marketing Segment but is exploring the possibility of a sale
dependent on the level of interest and offers the Company receives.
If Mace sells the Digital Media Marketing Segment, it will use the
funds in the operation of and to grow its Security Segment. We are
committed to executing our strategy of focusing on our core
security business and building a company for future growth.”
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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