CLEVELAND--Mace Security International Inc. (OTCPINK: MACE) today released audited financial results for the twelve-month period ended December 31, 2015. The Company’s yearend audit and financial results had been delayed pending resolution of a valuation issue on certain non-operating assets. The Company has made its audited financial statements for the years ended December 31, 2015 and 2014 available on the OTC Markets’ website.
“2015 was another pivotal milestone year for the Company as we continue to grow the Mace Brand both domestically and international through a strong focus on personal protection, security products, and innovation,” stated John J. McCann, President and CEO.
Fourth Quarter/Twelve Months 2015 Financial Highlights Compared to Prior Year
- Strong net revenue and gross profit growth
- Solid expansion in key channels of distribution
- Reduced general and administrative expenses
- Significant reduction of net operating loss from continuing operations
Mace® will announce date and time of conference call upon release of 2016 First Half Operating Results.
About Mace Security International, Inc.
Mace Security International Inc. is a globally recognized leader in personal safety and security. Based in Cleveland, Ohio, the Company has spent more than 40 years designing and manufacturing consumer and tactical products for personal defense, security products under its world-renowned Mace® Brand – the original trusted brand of pepper spray products. The Company also offers aerosol defense sprays and tactical products for law enforcement and security professionals worldwide through its Mace® Take Down® brand.
Mace Security International distributes and supports Mace® Brand products and services through mass-market retailers, wholesale distributors, independent dealers, e-commerce marketers and installation service providers. For more information, please visit 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, including but not limited to economic conditions, dependence on management, our ability to compete with competitors, dilution to shareholders, and limited capital resources.