SOURCE: Balance Innovations LLC

August 19, 2005 14:05 ET

Former Retail Executive Joins Balance Innovations Team

LENEXA, KS -- (MARKET WIRE) -- August 19, 2005 -- Jon T. McCormick, a former independent retailer, has joined Balance Innovations as vice president of business development. In this position, McCormick will further develop Balance Innovations' presence in the independent retail segment.

"Our mission is to help our customers increase profits through better front-end operations management and revenue management practices," said Keith Molzer, president and CEO of Balance Innovations. "Jon will have an immediate impact on our organization and we look forward to his active involvement in the industry."

Previous to joining Balance Innovations, McCormick was involved in many facets of the retail industry, including owning and operating successful grocery enterprises in the Midwest. His experience in sales and business development will help Balance Innovations expand its presence in the independent retail market.

"Jon is a valuable addition to our sales and management team," Molzer said. "His knowledge and experience as an owner, operator and executive in the independent grocery market adds even more depth to our team's retail expertise."

McCormick said he was excited to continue his efforts to help independent retailers compete in the marketplace.

"Technologies like Balance Innovations' VeriCash and CAST systems really level the playing field for the independent retailer," McCormick said. "I am excited to share with them how our solutions can improve profitability and efficiency."

McCormick was most recently president of Financial Management Solutions, a provider of accounting solutions for the supermarket industry. Previously, he has been president of several independent grocery chains across the country. McCormick was also executive director for Associated Wholesale Grocers in Kansas City, where he consulted with and advised member retailers on sales, margin and expense opportunities and operational issues.

Based on his extensive experience in the industry, McCormick understands the problems that retailers face on a daily basis.

"I've certainly been in the shoes of the average retailer," said McCormick. "I've been in the store until midnight, searching for that $75 that the safe is short. I've also been at the office late into the night looking for three missing checks from three different stores doing the cash out three different ways. If I'd had VeriCash at either of those times, I would have been home for dinner."

About Balance Innovations

Balance Innovations LLC is the leader in technology-based cash office management solutions for the retail industry. Our leading-edge, customizable solutions integrate seamlessly with existing POS technologies to simplify and improve retailers' cash management operations including revenue balancing, check processing, cash forecasting and tracking of non-cash tender items. Balance Innovations' premier product, VeriCash, is a patented, innovative, easy-to-use software solution that is helping retailers across the country increase efficiency and profitability by reducing labor, bank fees and shrink.

Contact Information

  • Contact:
    Kerri Holtzman
    Marketing Manager
    913-599-1177