Newsroom - Press Releases

TRM Corporation Announces Delisting of Shares from the NASDAQ Global Market

PORTLAND, Oregon, April 21, 2008 - TRM Corporation (NASDAQ: "TRMM") today announced its plans to withdraw its request for hearing and have its shares of common stock delisted from the NASDAQ Global Market.

TRM Corporation Announces $11,000,000 Financing

PORTLAND, OR -- April 18, 2008 -- TRM Corporation (NASDAQ: "TRMM") announced today that it entered into and closed financing pursuant to a Securities Purchase Agreement , with LC Capital Master Fund, Ltd. and Lampe Conway & Co., LLC, as Administrative Agent. The financing extends credit to TRM in the form of a loan totaling $11,000,000.

TRM Corporation Acquires Access To Money Bringing Portfolio To Over 12,000 Transacting ATMs

PORTLAND, OR -- April 18, 2008 -- TRM Corporation (NASDAQ: "TRMM") announced today that it has acquired Whippany, NJ-based LJR Consulting Corp., d.b.a. Access To Money, one of the nation’s largest independently-owned ATM deployers. The transaction creates one of the largest ATM networks in the United States, with a portfolio of approximately 12,200 transacting ATMs.

TRM Corporation Announces Third Quarter 2007 Conference Call

PORTLAND, Oregon, November 6, 2007 – TRM Corporation (NASDAQ: TRMM) today announced that it will hold a conference call on November 9, 2007 at 10:00 a.m. EST to discuss third quarter 2007 financial results. The Company will release the third quarter 2007 financial results in advance of the call.

TRM Corporation Announces Full Year and Fourth Quarter 2006 Financial Results

PORTLAND, Oregon, May 22, 2007 (PR Newswire) – TRM Corporation (NASDAQ: TRMM) today announced fourth quarter and full year 2006 financial results. The Company intends to file its Form 10-K no later than May 23, 2007, and, as previously announced, will host a conference call with investors at 5:00 p.m. EDT today.

TRM Announces Agreement to Sell Canadian ATM Business

Portland, Oregon: December 14, 2006 -- TRM Corporation (Nasdaq:TRMM) announced today that it has entered into a definitive agreement to sell substantially all of the assets of its Canadian ATM business to EZEE ATM LP, a premier Canadian ATM portfolio management services provider.

TRM Announces Agreement to Sell US Photocopier Business to Skyview Capital

Portland, Oregon: December 13, 2006 -- TRM Corporation (Nasdaq: TRMM ) announced today that it has entered into a definitive agreement to sell its US Photocopier business to TRM Copy Centers, LLC, a limited liability company formed by Skyview Capital, LLC, a privately held investment firm.

TRM Corporation Promotes Richard Stern to Chief Operating Officer

PORTLAND, Ore., November 14, 2006 -- TRM Corporation (NASDAQ: "TRMM") announced today that it has appointed Richard Stern to the position of Chief Operating Officer, effective immediately. Mr. Stern joined TRM Corporation on October 1, 2006 as Executive Vice President of Corporate Operations. He is a former General Manager / Vice President with American Tower Corp, where he ran the Company's rooftop management and in building distributor antennae business.

TRM Corporation Announces Corporate Restructuring and Reports Preliminary Third Quarter 2006 Financial Results

PORTLAND, Ore., November 14, 2006 -- TRM Corporation (NASDAQ: "TRMM") today announced a corporate restructuring and reported preliminary financial results for the third quarter ended September 30, 2006.

TRM Corporation to Announce Preliminary Q3 2006 Financial Results

Portland, Oregon: November 10, 2006 -- TRM Corporation (Nasdaq: TRMM ) announced today that management will release preliminary Q3 2006 financial results on November 14, 2006, after the market closes. Management will then host a conference call to discuss preliminary financial results as well as to set forth a restructuring plan.

Executive and Board Changes at TRM Corporation

Portland, Oregon: September 15, 2006 -- TRM Corporation (Nasdaq: TRMM ) announced today that Jeffrey F. Brotman, its President and Chief Executive Officer, has been elected to additionally serve as Chairman of the Board of Directors, effective September 18, 2006.

TRM Renews and Expands Relationships with Leading Hospitality Companies in the United Kingdom

Portland, Oregon: September 5, 2006 -- TRM Corporation (Nasdaq: TRMM ) announced today that two key accounts, Mitchell's and Butler and Whitbread Plc, have agreed to extend the terms of their current ATM contracts with TRM (ATM) Limited (“TRM”). In addition, TRM recently won the ATM supply contract for Mitchell's and Butler's Hollywood Bowl estate, comprised of 25 large, premier, ten-pin bowling sites in the United Kingdom.

TRM Corporation Reports Second Quarter 2006 Financial Results

Portland, Oregon August 3, 2006 -- TRM Corporation (Nasdaq: TRMM ) today reported financial results for the second quarter ended June 30, 2006.

TRM Corporation Wins HBG Military Canteen Contract

Düsseldorf, Germany: August 3, 2006 -- International ATM deployer TRM Corporation today announced that its German subsidiary, TRM ATM Deutschland GmbH, has signed a contract to provide cash machine services to HBG Heimbetriebsgesellschaft mbH & Co throughout Germany. The contract awards TRM exclusive installation of ATMs at up to 334 German military barracks over the following 12 months. All major military barracks offer canteen and retail facilities to soldiers, military personnel, and visitors. Site by site viability assessments are now underway with the first installations expected within two months.

TRM to Present Second Quarter 2006 Financial Results

Portland, Oregon: August 1, 2006 -- TRM Corporation (NASDAQ: TRMM) announced today that it will release second quarter 2006 financial results on Thursday, August 3, 2006 after market close. The Company will host a conference call to discuss these results at 8:00 a.m. EDT on Friday, August 4, 2006.

TRM Completes Debt Refinancing

Portland, Oregon: June 6, 2006 -- TRM Corporation (NASDAQ: TRMM) announced today that it has completed the refinancing of its principal indebtedness. The new loan facility is in a total amount of $105 Million. Its terms include a six-year maturity period and a blended interest rate of approximately 5.25% over the London Interbank Offer Rate (LIBOR). Wells Fargo Foothill, part of Wells Fargo & Company (NYSE: WFC), was the administrative agent and certain funds managed by GSO Capital Partners LP were the majority lenders.

TRM Announces Sale of UK Photocopier Business

PORTLAND, Ore., May 19,2006 -- TRM Corporation (Nasdaq: TRMM ) announced today that it has entered into a definitive agreement for the stock sale of TRM Copy Centres (UK) Limited, TRM's wholly owned UK photocopier subsidiary, to Digital 4 Convenience PLC, a UK-based operator of retail photocopiers.

TRM Corporation Reports First Quarter 2006 Financial Results

PORTLAND, Ore., May 04,2006 -- TRM Corporation (Nasdaq: TRMM ) today reported financial results for the first quarter ended March 31, 2006.

TRM to Present First Quarter 2006 Financial Results

PORTLAND, Oregon: May 1, 2006 -- TRM Corporation (NASDAQ: "TRMM" ) announced today that it will present its first quarter 2006 financial results on Thursday, May 4, 2006. Senior management will host a conference call that day at 4:30 p.m. EDT to discuss these results.

TRM Corporation Appoints New Audit Committee Chairman

PORTLAND, Oregon: April 20, 2006 -- TRM Corporation (NASDAQ: "TRMM" ) announced today Harmon S. Spolan, an existing independent director, on April 19, 2006, was appointed to the audit committee of the Board of Directors, effective immediately. Mr. Spolan will serve as the chairman of the audit committee and as the audit committee financial expert.

TRM Corporation Announces Board of Director Resignation

PORTLAND, Oregon: April 13, 2006 -- TRM Corporation (NASDAQ: "TRMM" ) announced today that independent director and audit committee chairman Lance Laifer has resigned from the Company's Board of Directors, effective April 7, 2006. Mr. Laifer advised the Company that his resignation is not the result of any disagreement on any matter relating to the Company's operations, policies or practices. Mr. Laifer said, "My time on the TRM board of directors has been productive, but I have determined that my time now needs to be utilized on other professional activities and outside activities including my work with Hedge Funds vs. Malaria."

TRM Corporation's Auditors Expressed Going-Concern Qualification

PORTLAND, Oregon: April 7, 2006 -- TRM Corporation (NASDAQ: "TRMM" ) announced today that in its 2005 financial statements included in the Company's Form 10-K filed with the Securities and Exchange Commission on March 31, 2006, the audit opinion of PricewaterhouseCoopers LLP contained an explanatory paragraph raising a question about the Company's ability to continue as a going concern. The explanatory paragraph related to certain defaults by the Company under financial covenants contained in its credit facility with lenders for whom Bank of America, N.A. is acting as administrator, which defaults caused the outstanding balances of the credit facility, and the Company's U.S. vault cash facility, to be classified as current rather than long-term debt. The Company has entered into 90-day forbearance agreements with respect to each such facility in anticipation of remedying the defaults or obtaining refinancing.

TRM and CO-OP Network Renew ATM Branding Partnership

PORTLAND, Oregon: April 5, 2006 -- TRM Corporation (NASDAQ: "TRMM" ) announced that TRM and CO-OP Network have renewed their ATM branding partnership. The new accord results in TRM's Access Cash ATM portfolio of nearly 5,500 machines continuing to carry the CO-OP Network logo.

TRM Corporation Reports Fourth Quarter and Full Year 2005 Financial Results

PORTLAND, Ore., March 30,2006 -- TRM Corporation (Nasdaq: TRMM ) today reported financial results for the fourth quarter and full year ended December 31, 2005.

TRM to Present Fourth Quarter and Full Year 2005 Results

PORTLAND, Oregon: March 28, 2006 -- TRM Corporation (NASDAQ: "TRMM" ) announced today that it will present financial results for the fourth quarter and full year ended December 31, 2005 on Thursday, March 30, 2006. Senior management will host a conference call to discuss these results on March 30, 2006 at 4:30 p.m. EST.

TRM Corporation Will Delay 2005 10K Filing

PORTLAND, Oregon: March 16, 2006 -- TRM Corporation (NASDAQ: "TRMM" ) today announced that it will delay filing its Form 10-K for fiscal 2005. The Company will file a notification of late filing under rule 12b-25 to extend its filing deadline.

TRM Corporation Announces Management Change

PORTLAND, Oregon: March 13, 2006 -- TRM Corporation (NASDAQ: "TRMM" ) announced today that Jeffrey F. Brotman was appointed interim President and Chief Executive Officer, and was elected to the Board of Directors. Mr. Brotman replaces Kenneth L. Tepper, who left the company for personal reasons. Mr. Tepper will remain available to the company on a consulting basis for a period up to twelve months.

TRM Engages Allen & Company To Explore Strategic Alternatives

PORTLAND, Oregon: January 19, 2006 -- TRM Corporation (NASDAQ: "TRMM" ) today announced that it has engaged Allen & Company to advise the Strategic Transactions Committee of the Company's Board of Directors in its consideration of strategic alternatives available to the Company to enhance shareholder value.

TRM to Present at the 12th Annual FBR Investor Conference

PORTLAND, Oregon: November 29, 2005 -- TRM Corporation (NASDAQ: "TRMM" ) announced today that it will present at the 12th Annual Friedman Billings Ramsey Investor Conference on November 30, 2005 at 2:55 p.m. EST.

TRM Corporation Reports Q3 2005 Financial Results

PORTLAND, Oregon: November 14, 2005 -- TRM Corporation (NASDAQ: "TRMM" ) today reported financial results for the third quarter ended September 30, 2005.

TRM To Present Third Quarter 2005 Results

PORTLAND, Oregon: November 9, 2005 -- TRM Corporation (NASDAQ: "TRMM" ) announced today that it will issue its earnings press release for the third quarter ended September 30, 2005 after the market closes on Monday, November 14, 2005. Senior management will host a conference call to discuss these results on Tuesday, November 15, 2005 at 9:00 a.m. ET...

TRM Completes Private Placement

PORTLAND, Oregon: Sept. 30, 2005 -- TRM Corporation (NASDAQ: "TRMM" ) today announced that it has privately placed 2,778,375 shares of its common stock at $14.54 per share to both new and existing shareholders. Banc of America Securities LLC acted as placement agent in the transaction. The transaction, which will close October 5, 2005, will generate gross proceeds of $40.4 million, which TRM will use to pay expenses related to the offering, fund acquisitions and reduce debt...

TRM To Acquire Travelex United Kingdom ATM Network

PORTLAND, Oregon: September 1, 2005 -- TRM Corporation (NASDAQ: "TRMM" ) today announced that it has agreed to purchase the United Kingdom-based ATM business of Travelex UK Limited. The business includes the ATM division of Travelex as well as Travelex ATMs Limited, a joint venture company with Snax 24 Corporation Limited...

TRM Corporation Reports Q2 2005 Financial Results

PORTLAND, Oregon: August 11, 2005 -- TRM Corporation (NASDAQ: "TRMM" )today reported financial results for the second quarter ended June 30, 2005, which include record earnings of $2.9 million for the period....

TRM to Present Second Quarter 2005 Earnings

PORTLAND, Oregon: August 8, 2005 -- TRM Corporation (NASDAQ: "TRMM" ) announced today that it will present financial results for the second quarter ended June 30, 2005 after the market closes on Thursday, August 11, 2005. Senior management will host a conference call to discuss these results on August 11, 2005 at 5:00 p.m. EDT...

TRM to Present at the FBR 9th Annual Growth Investor Conference

PORTLAND, Oregon: May 23, 2005 -- TRM Corporation (NASDAQ: "TRMM" ) today announced that the Company will present at the upcoming FBR 9th Annual Growth Investor Conference in New York on Wednesday, June 1, 2005 at 11:40 a.m. EDT. The investor presentation will be webcast live at...

TRM Corporation Reports Q1 2005 Financial Results

PORTLAND, Oregon: May 12, 2005 -- TRM Corporation (NASDAQ: "TRMM" ) today reported financial results for the first quarter ended March 31, 2005...

TRM to Present First Quarter 2005 Earnings

PORTLAND, Oregon: May 3, 2005 -- TRM Corporation (NASDAQ: "TRMM" ) announced today that it will present financial results for the first quarter ended March 31, 2005 after the market closes on May 12, 2005. Kenneth Tepper, President & CEO, and Danial Tierney, Executive Vice President of TRM Corporation, will host a conference call to discuss these results on May 12, 2005 at 5:00 p.m. EDT....

TRM Corporation Reports Record Year 2004 Earnings

PORTLAND, Oregon, March 30,2005 -- TRM Corporation (Nasdaq: "TRMM" ) today reported financial results for the quarter and year ended December 31, 2004...

TRM to Present Fourth Quarter and Year End 2004 Results Wednesday, 30 March 2005

PORTLAND, Oregon: March 28, 2005 -- TRM Corporation (NASDAQ: "TRMM" ) today announced that it will present its fourth quarter and year end 2004 results during a live audio Webcast to be held Wednesday, 30 March 2005 at 5:00 p.m. Eastern Time...

TRM ENTERS CASINO CONTRACT

Reflecting its increased presence in the gaming industry, TRM (ATM) Limited has entered into a three-year contract with leisure giant Rank Group Gaming Division, operator of Mecca Bingo, Grosvenor Casinos and Hard Rock Casinos. TRM cash machines are currently being installed in Rank Gaming sites across the United Kingdom. The London-based company was successful in winning the contract because of its variety of products and solutions...

TRM Awarded Photocopier Agreement with Jean Coutu USA/Eckerd Drug for over 1,500 Locations

PORTLAND, Oregon: December 14, 2004 -- TRM Corporation (NASDAQ: "TRMM" ) announced today that it has entered into a long term agreement with Eckerd/Brooks Pharmacy, a subsidiary of Jean Coutu USA, to operate TRM Convenience Copy Centers in each of its 1,549 locations, including more than 1,300 locations that Jean Coutu USA recently acquired through their acquisition of Eckerd Drug...

TRM Purchases eFunds ATM Portfolio and Becomes Largest Worldwide ATM Network

TRM Corporation (NASDAQ: "TRMM" ) announced today that effective 19 November 2004 it has acquired from eFunds Corporation their broad-based ATM network which includes approximately 17,000 units in geographically diverse retail locations in the United States and Canada...

TRM Corporation Earnings Increase

PORTLAND, Oregon: November 12, 2004 -- TRM Corporation (NASDAQ: "TRMM" ) today reported that net income increased 42.5% for the quarter ended September 30, 2004 to $2.2 million, as compared to $1.5 million for the same period in 2003. For the nine-month period ended September 30, 2004, net income more than doubled to $7.4 million as compared to $3.4 million for the same period in 2003, an increase of 115.9%...

TRM Third Quarter Review

PORTLAND, Oregon: November 9, 2004 -- TRM Corporation (NASDAQ: "TRMM" ) today announced that it will present its 2004 third quarter results during a live audio Webcast to be held Friday, 12 November 2004 at 11:00 a.m. Eastern Time...

TRM Receives Credit Ratings.

PORTLAND, Oregon: November 2, 2004 -- TRM Corporation (NASDAQ: "TRMM" ) announced today that it has received credit ratings from both Standard & Poors and Moodys. The ratings apply to the $150 million in senior secured bank facilities which are anticipated to be used in part to fund the Companys pending eFunds ATM network acquisition which is expected to close in the fourth quarter of 2004...

TRM Announces Sale of an Additional 675,000 Shares of its Common Stock Company to Receive Additional Net Proceeds of $7.0 Million.

PORTLAND, Oregon: September 23, 2004 -- TRM Corporation (NASDAQ: "TRMM" ) announced today that the underwriters of its previously announced public offering of common stock have exercised in full the overallotment option granted them in connection with TRM's recent offering. As a result, TRM has issued to the underwriters an additional 675,000 shares of common stock at $11 per share, bringing the total shares sold under the offering to 5,175,000 and resulting in total net proceeds to the company of approximately $52.8 million...

TRM to Become Largest Worldwide ATM Network Through $150 Million Acquisition of eFunds Portfolio

PORTLAND, Oregon: September 20, 2004 -- TRM Corporation (NASDAQ: "TRMM" ) announced today that it has entered into a definitive agreement with eFunds Corporation (NYSE - "EFD") to acquire a broad-based ATM network which includes approximately 17,200 units in the United States and Canada. The portfolio is comprised of approximately 2,200 full placement and 15,000 merchant owned units located in geographically diverse retail locations....

TRM Corporation Announces Pricing of Follow-on Offering of Common Stock

PORTLAND, Oregon: August 27, 2004 -- TRM Corporation (NASDAQ: TRMM) announced today that it has priced a follow-on offering of 4,500,000 shares of its common stock at a price of $11.00 per share. The offering, consisting entirely of common shares to be sold by the company, is expected to close on 1 September 2004...

TRM Corporation Reports Record Earnings

PORTLAND, Oregon: August 10, 2004 -- TRM Corporation (NASDAQ: TRMM) today reported that net income more than doubled for the quarter ended June 30,2004 to $2.7 million as compared to $1.1 million for the same period in 2003, an increase of 135.9%...

TRM Corporation Traded on NASDAQ National Market

PORTLAND, Oregon: July 12, 2004 -- TRM Corporation (NASDAQ: TRMM) has received approval from the NASDAQ Stock Market for its Common Stock to be traded on the National Market rather than the SmallCap Market, where it has traded since September 30, 2002...

TRM Acquires UK ATM Network

PORTLAND, Oregon: July 09, 2004 -- TRM Corporation (NASDAQ: TRMM) today announced that it has acquired a portfolio of 350 ATM contracts in the United Kingdom...

TRM Files Registration Statement for Public Offering of Common Stock

PORTLAND, Oregon: June 23, 2004 -- TRM Corporation (NASDAQ: TRMM) today announced 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...

TRM Expands ATM Network through Canadian Acquisition

PORTLAND, Oregon: June 17, 2004 -- TRM Corporation (NASDAQ: TRMM) today announced that it has acquired Mighty Cash Financial (Mighty Cash), a Canadian ATM network operator. This acquisition marks TRMs entry into the Canadian ATM market.

TRM Places CO-OP Network Logo on ATMs in East Coast Convenience Stores

BUSINESS STRATEGY FOR MANY RETAILERS NOW INCLUDES IN-STORE ATMS WITH HIGH-VOLUME POTENTIAL ONTARIO, California: June 1, 2004 -- CO-OP Network today signed a branding agreement with TRM Corporation, providing CO-OP Network members access to an additional 1,000 ATMs stretching from Maine to Florida...

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