STRATEGIC PARTNERS
February 25, 2002
PORTLAND, Oregon -- TRM Corp. has signed an agreement to be the exclusive ATM provider for The Pantry and Lil' Champ convenience store chains. The agreement represents potential ATM installations at 1,100 locations and revenue for TRM of more than $10 million per year. The agreement is for an initial term of seven years.
The Pantry and Lil' Champ chains operate in seven Southeast states, including North and South Carolina, Florida, Kentucky, Tennessee, Virginia and Indiana.
In addition to its ATM services, TRM provides self-service convenience photocopy centers to a variety of retail establishments throughout North America and Europe, including The Pantry.
"This is a very exciting venture for The Pantry and TRM and we welcome the opportunity to continue to explore new areas of mutual benefit," said Bob Reale, VP of The Pantry, Inc.
