TRM Corp (OTC:TRMM)
Industry: Consumer Goods
TRM Corporation is a multinational owner and operator of off-premises networks of automated teller machines (ATMs) with operations in the United States, United Kingdom and Canada. During the year ended December 31, 2005, the Company's networks had an average of 14,530 transacting ATMs in the United States, 3,667 transacting ATMs in the United Kingdom and 1,733 transacting ATMs in Canada. In addition, ATM owns and operates a photocopier network with an average of 23,797 self-service photocopiers deployed throughout the United States, United Kingdom and Canada during 2005. The Company locates its ATMs and photocopiers in high-traffic retail environments through national merchants, such as The Pantry, Cumberland Farms, Albertson's, Sommerfield, Shell, Rank and Wal-Mart Canada, and through regional and locally owned supermarkets, convenience and other stores, such as Winn-Dixie, Whitbread, Londis and the United Kingdom Post Office. ATM Operations The Company deploys and operates ATMs primarily under two programs: full placement program and merchant-owned program. Under a full placement arrangement, TRM owns the ATM and is responsible for controlling substantially all aspects of its operation, including maintenance, cash management and loading, supplies, signage and telecommunications services. The Company is generally responsible for almost all of the expenses related to the operation of the ATM with the exception of power and, on occasion, telecommunications. TRM typically uses this program for major national and regional merchants. Under a merchant-owned arrangement, the merchant (or, for a merchant using lease financing, its lease finance provider) typically buys the ATM through the Company and is responsible for most of the operating expenses such as maintenance, cash management and loading, and supplies. TRM typically provides all transaction processing services, and the merchants use the Company's maintenance services from time to time. The Company's rental program is similar to its merchant-owned program, except that the merchant rents the ATM from TRM rather than purchasing it, and the Company provides the maintenance and supplies for the machine. All of the Company's new ATMs feature advanced functionality, diagnostics and ease of use including color displays, personal computer-based operating systems, thermal printing, dial-up and remote monitoring capabilities, and upgrade and capacity-expansion capability. All machines can perform basic cash dispensing and balance inquiry transactions, transmit on-screen marketing, dispense coupons and conduct marketing surveys. Most of the Company's equipment is modular in design, which allows it to be flexible and accommodating to the needs of clients as technology advances. Since 2001, TRM has experienced significant growth in its ATM operations. The number of transactions processed by the Company's ATMs has grown from 9.0 million in 2001 to 77.3 million in 2005. In 2005, net sales from the ATM operations accounted for 72.6% of the Company's total net sales. In the convenience cash delivery and balance inquiry market, TRM competes with NetBank, Innovus, Global Axis, IMS and Cardtronics in the United States, Cardpoint and Hanco in the United Kingdom and Direct Cash, Ezee ATM, Frisco Bay and Threshold Technologies in Canada. Photocopier Operations TRM owns or leases all of its photocopiers and operates them under a program analogous to its full placement program for ATMs. The Company provides the merchant with a photocopier, machine stand, signage and, for certain locations, a vend tower which makes the photocopier a coin-operated machine. TRM also installs, maintains and provides supplies for its photocopiers and regularly monitor their use. Each of the Company's merchants keeps a percentage of the sales generated by the photocopiers in its location and remits the balance to TRM on a monthly basis. The Company's photocopiers are designed for simplicity of use and durability, so TRM does not equip them with add-on features, such as sorting or automatic s
As Of: 10/07 00:00 ET
*Quotes delayed by 20min.
BuyIns.Net Alerts for Symbol TRMM
- No BuyIns.Net Alerts Available for TRMM
Graphs for TRMM
3 Month Graph
6 Month Graph
1 Year Graph
