Global Cutting Tools, LLC

PRESS RELEASE

Stone Fox Ventures Announces New Business Unit Global Cutting Tools, LLC
Private equity investment firm forms new business unit.

Grand Rapids, August 1, 2014: Stone Fox Ventures, a private equity investment, has formed a new business unit, Global Cutting Tools, LLC. Global Cutting Tools will manufacture and market high performance, specialty, custom and precision end mills.

The announcement was made by Robert M. Shindorf, Managing Member of Stone Fox Ventures and President of Conical Tool Company.

“At Conical Tool Company, we’ve always been developing and refining specialty, precision and high performance cutting tools. This new business unit will give us the opportunity to leverage the Conical Tool name and develop new business opportunities and new high performance cutters that otherwise wouldn’t be possible,” said Robert Shindorf. “Conical will continue to manufacture the cutting tools that made it a common name the world around, while Global will focus on new business and the best technology and geometries available. We will add additional product offerings to enhance our catalog and overall experience our customers receive.”

Conical Tool Company and Global Cutting Tools, based in Grand Rapids, Michigan, manufactures an innovative line of high performance, specialty, custom and precision end mills and cutting tools to support the manufacturing sector through many industries including: aerospace, agriculture, automotive, casting & foundries, defense, electronics, energy, furniture, medical, metalworking and plastics / composites.

The managing member of Stone Fox Ventures, Robert M. Shindorf, has extensive experience improving and developing manufacturing and distribution companies. Mr. Shindorf will serve as the company’s President and Chairman, using his experience in international manufacturing organizations to increase the company’s operational, financial and sales performance.

Stone Fox Ventures is a private equity investment firm that acquires, structures, manages and grows middle-market manufacturing, distribution and services companies with industrial and business customers. For more information, please visit http://stonefoxventures.com. For information on Conical Tool Company, please visit http://conicalendmills.com.