Trm Corp (AEMI) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 31, 2005

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 Reports Fourth Quarter and
Full Year 2005 Financial Results

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

During Q4 2005, consolidated gross sales increased 29% to $54.5 million from $42.3 million in Q4 2004. Consolidated net sales were $26.8 million, a 1% increase compared to $26.6 million for the prior year period. The year over year increase in gross and net sales largely results from a significant increase in ATMs arising from the acquisition of the Access Cash International (“ACI”) ATM network from eFunds Corporation. While Q4 2005 year-over-year sales reflect a significantly larger ATM portfolio, the Company’s fourth quarter net sales performance reflects an increase in the ATM discount rate and a decline in photocopy net sales, as well as eFunds related fourth quarter unusual items.

Additionally, results in Q4 2005 were affected by several unusual items which amount to $13.0 million. For Q4 2005 the following unusual items affected financial results:

	•		$5.2 million of previously deferred costs related to acquisitions, primarily charges associated with the proposed UK Travelex acquisition, were charged to expense
	•		$2.7 million of expenses related to the eFunds acquisition
	•		$4.6 million of other expenses related to Sarbanes Oxley 404 compliance, debt retirement costs, write-down in receivables and severance payments
	•		$1.6 million in fixed asset write-offs
	•		$1.1 million settlement gain from a vendor relating to a design flaw in the North American photocopier equipment

Reflecting these items, Q4 2005 EBITDA declined to ($11.9 million) from $5.6 million in Q4 2004 and from $7.7 million in Q3 2005. Adjusted EBITDA was ($6.4 million) in Q4 2005 compared to $7.6 million in Q4 2004 (see Attachment: EBITDA and Adjusted EBITDA Reconciliation).

In Q4 2005, gross profit was $8.8 million compared to $11.5 million in the fourth quarter of 2004. Operating loss was $15.9 million in Q4 2005 compared to operating income of $2.0 million in Q4 2004.

Fourth quarter net loss included interest expense of $3.0 million as well as the significant and unusual items described above. Net loss was $13.7 million, or $0.82 per diluted share, in Q4