Exhibit 99.1
For further information, contact:
Danial J. Tierney, Executive Vice President
Office: (503) 943-2679
Fax: (503) 251-5473 / E-mail: dantierney@trm.com
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.
There can be no assurance that the deliberations of the Strategic Transactions Committee or the Board of Directors will result in any action being taken by the Company.
The Company also announced that it expects to expense in the fourth quarter of 2005 certain costs related to its potential acquisition of the Travelex ATM portfolio in the United Kingdom, including a 1.5 million pound escrow and other professional and advisory fees.
About TRM
TRM Corporation is a consumer services company that provides convenience ATM and photocopying services in high-traffic consumer environments. TRM’s ATM and copier customer base has grown to over 35,000 retailers throughout the United States and over 46,200 locations worldwide, including 6,400 locations across the United Kingdom and over 4,900 locations in Canada. TRM operates one of the largest multi-national ATM networks in the world, with over 22,000 locations deployed throughout the United States, Canada, Great Britain, including Northern Ireland and Germany.
FORWARD LOOKING STATEMENTS
Statements made in this news release that are not historical facts are forward-looking statements. Actual results may differ materially from those projected in any forward-looking statement. Specifically, there are a number of important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements, such as consumer demand for our services; access to capital; maintaining satisfactory relationships with our banking partners; technological change; our ability to control costs and expenses; competition and our ability to successfully implement our planned growth. Additional information on these factors, which could affect our financial results, is included in our SEC filings. Finally, there may be other factors not mentioned above or included in our SEC filings that could cause actual results to differ materially from those contained in any forward-looking statement. Undue reliance should not be placed on any forward-looking statement, which reflects management’s analysis only as of the date of the statement. We assume no obligation to update any forward-looking statements as a result of new information, future events or developments, except as required by federal securities laws.
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