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 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.
Mr. Brotman has been the President and managing member of Ledgewood, a Philadelphia based law firm. In addition to his legal practice, he has been a certified public accountant and has taught accounting at the University of Pennsylvania Law School since 1990.
Daniel G. Cohen, the Chairman of TRM’s Board of Directors, said, “Jeff’s knowledge of TRM, as one of its attorneys for several years, his leadership qualities, and his expertise in accounting, financial and transactional matters, makes him particularly suited to lead the Company at this time.”
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
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