Nasdaq extends deadline for Mace filings

0 Comments | Philadelphia Inquirer, The, June, 2006 | by INQUIRER STAFF

Mace Security International Inc. said today that Nasdaq will allow the Mount Laurel company's shares continue trading if it files its 2005 annual report and its first-quarter 2006 report by August 15.

Mace, which operates car washes and manufactures personal defense pepper spray, said this year that federal authorities were conducting a criminal investigation into whether it hired illegal immigrants to staff some of its car washes in Pennsylvania and New Jersey.

That investigation delayed the Securities and Exchange Commission filings, Mace said.

Mace also said today that it had sold a car wash in Deptford for $1 million and had signed an agreement to sell a full-service car wash in Norristown for $2 million.

Mace's sale of 12 car washes in Arizona...