Absolute Machine Tools Announces 100% Sale of Company to Employee Stock Ownership Plan (ESOP)

Absolute Machine Tools announces that the company has been sold and is now owned by an Employee Stock Ownership Trust (ESOP), effective immediately.  In the transaction owners Steve and Courtney Ortner sold 100% of their ownership interest to a newly created ESOP, allowing current and future employees to gain a beneficial ownership interest in the Company without any  personal monetary investment.