Exhibit 12.1

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

	Years ended December 31,														Three Months ended March 31,
	2005			2004		2003			2002			2001			2006			2005
EARNINGS:
Income (loss) before income taxes and cumulative effect of accounting changes	$	(3,688	)	$	9,381	$	5,288		$	138		$	(3,036	)	$	(4,759	)	$	890
Minority interests		15			19		—			—			—			(8	)		11
Fixed charges (as outlined below), less preferred dividends and accretion expense (a)		20,202			8,072		4,098			1,913			841			6,701			2,926
Total earnings, as defined	$	16,529		$	17,472	$	9,386		$	2,051		$	(2,195	)	$	1,934		$	3,827
FIXED CHARGES:
Interest charges (b)	$	22,426		$	5,235	$	2,157		$	1,039		$	478		$	6,542		$	2,187
Less: write-off unamortized debt issuance costs (c)		(5,038	)		—		(13	)		(169	)		—			(534	)		—
Interest component of rental expense		2,814			2,837		1,954			1,043			363			693			739
Preferred dividends and accretion expense (d)		2,046			3,795		3,308			2,885			1,102			—			1,817
Total fixed charges, as defined	$	22,248		$	11,867	$	7,406		$	4,798		$	1,943		$	6,701		$	4,743
Ratio of earnings to fixed charges		N/A			1.5x		1.3x			N/A			N/A			N/A			N/A
Amount of earnings insufficient to cover fixed charges	$	5,719			—		—		$	2,747		$	4,138		$	4,767		$	916

(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.