Briefs

SSN Staff  - 
Saturday, February 1, 2003

Mace maintains Nasdaq listing

MOUNT LAUREL, N.J. - Only a few months after being notified that it was in jeopardy of being delisted from Nasdaq for failing to keep its stock price above a dollar a share for thirty consecutive days, security products manufacturer Mace Security International is in compliance with Nasdaq rules.

The company maintained a minimum bidding price of at least one dollar per share for ten consecutive business days ending Dec. 24, 2002.

In the interim, the company’s ticker symbol had changed to MACED. By the middle of January, Mace’s ticker symbol returned to MACE, 20 days after the company issued a one-for-two stock split.
Fargo pays off loan, secures $5 million credit

MINNEAPOLIS - Fargo Electronics announced it paid off its term loan and extended its $5 million revolving credit facility with the Minnesota office of LaSalle Bank National Association.

Company officials said the extension of the revolving credit facility, along with funds company officials expect to generate from operations, will be sufficient to finance current operations and planned capital expenditures for at least the next 12 months.

Fargo’s revolving credit facility has been extended for a three-year period through December 2005.
ADI adds online payment option

MELVILLE, N.Y. - Security products distributor ADI has released EZ Pay, a service which allows customers to pay their ADI invoices electronically.

ADI’s EZ Pay service allows customers to choose which bank account to pay from as well as predetermining a scheduled date to pay invoices. Additional features include viewing 13 months of invoice history and instant confirmation of payment.

Access to EZ Pay for online banking is done through ADI’s password protected Shop Online site. Enrollment is through ADI’s public website www.adilink.com.