News

TRM Corporation announces stock buyback

February 27, 2002

PORTLAND, Ore. -- TRM Corporation's Board of Directors has authorized a stock repurchase program up to an aggregate of 1 million shares of its common stock through open market repurchases.

Repurchase of stock will be funded from existing cash balances or from borrowings under bank credit arrangements.

TRM Corporation owns and operates over 35,000 CopyCenters and over 500 ATMs in retail locations in North America and Europe. TRM has announced it has pending locations for installation of more than 1,000 additional ATMs.

The company's wholly-owned subsidiary, iATMglobal.net, plans to create a global e-commerce distribution channel through Internet-enabled ATMs.