Exhibit 12.1

CARDTRONICS, INC. AND SUBSIDIARIES
RATIOS OF EARNINGS TO FIXED CHARGES
(in thousands)

	Years ended December 31,													Nine Months ended September 30,
	2004			2003			2002		2001			2000		2005			2004
EARNINGS:
Income (loss) before income taxes and cumulative effect of accounting changes	$	7,566		$	4,099		$	296	$	(3,037	)	$	858	$	2,807		$	5,085
Minority interests		19			—			—		—			—		17			9
Fixed charges (as outlined below), less preferred dividends and accretion expense (a)		7,384			3,635			1,924		841			302		13,002			4,721
Total earnings, as defined	$	14,969		$	7,734		$	2,220	$	(2,196	)	$	1,160	$	15,826		$	9,815
FIXED CHARGES:
Interest charges (b)	$	7,050		$	3,346		$	881	$	478		$	278	$	14,224		$	5,211
Less: write-off unamortized debt issuance costs (c)		(2,503	)		(1,665	)		—		—			—		(3,358	)		(2,503	)
Interest component of rental expense		2,837			1,954			1,043		363			24		2,136			2,013
Preferred dividends and accretion expense (d)		3,795			3,308			3,919		1,102			—		2,032			2,755
Total fixed charges, as defined	$	11,179		$	6,943		$	5,843	$	1,944		$	302	$	15,034		$	7,476
Ratio of earnings to fixed charges		1.3x			1.1x			N/A		N/A			3.8x		1.1x			1.3x
Amount of earnings insufficient to cover fixed charges		—			—		$	3,623	$	4,139			—		—			—

(a)	Excludes preferred dividends and accretion expense as such amounts were not deducted in arriving at the income (loss) before income tax amounts reflected above.
(b)	Includes the amortization of debt discount and the amortization and write-off of debt issuance costs.
(c)	Amounts included in interest charges line item above. As such, it is backed out separately from the computation of fixed charges.
(d)	Amounts have been grossed-up at the Company’s effective tax rate for each applicable period.