TRM Files Registration Statement for Public Offering of Common Stock

Portland, Oregon: 23 June 2004 -- TRM Corporation (NASDAQ: "TRMM", the "Company") announced today that it has filed a registration statement on Form S-3 with the Securities and Exchange Commission relating to a proposed offering of 4,500,000 shares of common stock and a proposed over-allotment option to be granted to the underwriters for up to an additional 675,000 shares. Friedman, Billings, Ramsey & Co., Inc. has been selected as the lead managing underwriter for the offering.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

To obtain a prospectus, when available, describing the common shares and the public offering, please contact Friedman, Billings, Ramsey & Co., Inc., 1001 19th Street North, Arlington, Virginia 22209, Attn: Prospectus Department, Telephone No. (703) 469-1023.

TRM Corporation is a consumer services company that provides convenience ATM and photocopying services in high-traffic retail environments. TRM's customer base has grown to over 20,000 retailers throughout the United States and 25,000 locations world wide, including over 5,000 locations across the United Kingdom.

Certain statements contained herein are forward-looking statements that have been made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, including those contained in the company's filings with the Securities and Exchange Commission, which may cause actual results in future periods or plans for future periods to differ materially from those described herein as anticipated, believed or estimated.