Item 8.01. Other Events.

1. On January 15, 2009, Mace Security International, Inc. (the "Corporation" or the "Company") entered into an agreement of sale for two of the three car washes it owns in Austin, Texas for a sales price of $6,000,000. The book value of the two washes is approximately $5,300,000. After the payment of debt and customary closing costs, the Corporation expects to net approximately $3,200,000 in cash from the sale. The debt which will be paid is cross collateralized on the two car washes being sold plus a third Austin, Texas car wash owned by the Corporation. The third car wash will have no secured debt after the debt payment. The transaction is conditioned upon the buyer being satisfied with a Phase 2 environmental study that will be conducted on the two sites. The transaction is required to be closed thirty days after the buyer has obtained the satisfactory Phase 2 environmental study. No assurances can be given the transaction will be consummated.

2. On January 14, 2009, the Company sold its two remaining San Antonio, Texas car washes. Both car washes had been closed as they were operating at a loss. The two car washes had a combined book value of $1,000,000. The sales price of the car washes was $1,000,000. The sales price was paid by the buyer issuing the Corporation a promissory note in the amount of $750,000, secured by a deed of trust on both car washes, with the balance being paid in cash. The promissory note bears interest at 6% per annum, has monthly payments based on a 20 year amortization schedule and is due on January 14, 2014. The Corporation received the cash portion of the purchase price at closing after deduction of customary closing costs.

Item 9.01 Financial Statements and Exhibits.

(c) Exhibits. The following exhibits are being filed herewith:

99.1 Press Release issued by the Company dated January 21, 2009.

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