Mace sells more car washes
Well, if that effort to get its money back from Paolino doesn’t work, Mace has a little more cash on hand to pay him off with:
Mace Security International Announces Car Wash Sales
HORSHAM, Pa. — June 10, 2010 — Mace Security International, Inc. announced that it has closed on the sale of a car wash in Lubbock, Texas, for $650,000 and that it has entered into agreements to sell its remaining car wash in Lubbock, Texas, for $1,700,000 and a car wash in Arlington, Texas, for $2,100,000.
Let’s see. After paying Paolino $4 million, they’ll have about 300k left over…