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Trm Corp (AEMI) SEC Filing 10-K Annual report for the fiscal year ending Sunday, December 31, 2006

Access To Money, Inc.

CIK: 749254 Ticker: AEMI
 

Exhibit 99.1
For further Information, contact:
Ashley Ammon MacFarlane
Integrated Corporate Relations for TRM Corporation
Office: (203) 682-8208
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.
Jeff Brotman, President and CEO of TRM Corporation, stated “TRM Corporation underwent substantial change in 2006 and we appreciate investors’ patience in our reporting process. Since June 2006, we have sold our U.K. photocopy business, our U.S. photocopy business, our Canadian ATM operations, our U.K. ATM operations and our German ATM operations. We have made progress in our restructuring efforts and have transferred our service organization to an independent provider, dramatically reduced the number of our employees and closed various locations. All of these efforts reflect our commitment to improve our cost structure and we expect to have a simpler and more efficient business model as a result of these actions. As of today, we are focusing on our core strength as a leader in the non-bank ATM industry in the U.S. and we are optimistic about our organic and strategic opportunities for the remainder of the year.”
Fourth Quarter 2006 Financial Results
    Gross sales from continuing operations were $24.9 million, compared to $29.8 million in the fourth quarter 2005.
 
    Gross profit from continuing operations was $3.2 million, compared to $4.0 million in the fourth quarter of 2005.
 
    Operating loss from continuing operations improved to $5.5 million from $12.8 million in the fourth quarter of 2005.
 
    Loss from continuing operations improved to $6.3 million from $9.3 million in the fourth quarter of 2005.
 
    Loss from discontinued operations was $9.0 million in the fourth quarter of 2006.
 
    Net loss (including both continuing and discontinued operations) was $15.2 million compared to $13.7 million in the fourth quarter of 2005.
Discontinued operations include our Canadian ATM, U.K. ATM, German ATM and U.S. photocopy businesses. The Company also recorded losses on asset retirements of $507,000 in the fourth quarter.

 


The following information was filed by Access To Money, Inc. (AEMI) on Tuesday, May 22, 2007 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.

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Definitive Proxy Statement (Form DEF 14A)
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Access To Money, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2007 10-K Annual Report includes:

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Ticker: AEMI
CIK: 749254
Form Type: 10-K Annual Report
Accession Number: 0000893220-07-002003
Submitted to the SEC: Wed May 23 2007 2:53:16 PM EST
Accepted by the SEC: Wed May 23 2007
Period: Sunday, December 31, 2006
Industry: Personal Services

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