ATM ISO TRM Faces Delisting from Nasdaq

PORTLAND, Ore. – TRM Corp., the nation’s second largest operator of ATMs and a major credit union partner, could be delisted from the Nasdaq as early as Thursday under a notification by the stock market. TRM, which has delayed its financial reporting to determine possible modifications related to 2006 loan agreements and the sale of four business segments, has requested a hearing to appeal the delisting notice. The company operates about 17,000 ATMs, about 6,000 of which are part of the credit union-owned CO-OP network, and trails only Cardtronics as the biggest provider of ATM services.

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