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


The following information was filed by Access To Money, Inc. (AEMI) on Thursday, March 30, 2006 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Access To Money, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Access To Money, Inc..


Never Miss A New SEC Filing Again

Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.


We Highlighted This SEC Filing For You

SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.


Widen Your SEC Filing Reading Experience

Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view


Uncover Actionable Information Inside SEC Filings

SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q


Adobe PDF, Microsoft Word and Excel Downloads

Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis


FREE Financial Statements

Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator

Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not


Financial Stability Report

Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity


Get a Better Picture of a Company's Performance

Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years


Log in with your credentials


Forgot your details?

Create Account