FAIRFIELD, Conn.--(BUSINESS WIRE)--June 28, 2004--The Board of Directors of Acme United Corporation (ASE:ACU) has initiated a quarterly cash dividend of 2 cents per share on its outstanding common stock. The first dividend is payable on July 29, 2004 to stockholders of record on the close of business on July 8, 2004.

Walter C. Johnsen, President and CEO said, "We believe that Acme United has adequate resources to fund product development, capital investment, and growth. The initiation of dividends is recognition of the strong financial performance of the Company. We are pleased to be able to return a portion of our profits to our shareholders."

ACME UNITED CORPORATION is a specialized supplier of cutting devices, measuring instruments, and safety products for school, home, and office use.

Forward-looking statements in this report, including without limitation, statements related to the Company's plans, strategies, objectives, expectations, intentions and adequacy of resources, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties including without limitation the following: (i) the Company's plans, strategies, objectives, expectations and intentions are subject to change at any time at the discretion of the Company; (ii) the Company's plans and results of operations will be affected by the Company's ability to manage its growth, and (iii) other risks and uncertainties indicated from time to time in the Company's filings with the Securities and Exchange Commission.

    CONTACT: Acme United Corporation
             Paul G. Driscoll, 203-332-7330
             Fax: 203-576-1547

    SOURCE: Acme United Corporation