Exhibit 99.1

For further information, contact:

Ashley Ammon MacFarlane
Integrated Corporate Relations for TRM Corporation
Office: (203) 682-8200

TRM Corporation Announces Third Quarter 2007 Financial Results

PORTLAND, Oregon, November 8, 2007 (PR Newswire) — TRM Corporation (NASDAQ: TRMM) today announced third quarter 2007 financial results. The Company intends to file its Form 10-Q for such quarter today.

Richard Stern, President and CEO of TRM Corporation, stated “While our third quarter results do show an increased loss as compared to last quarter, we are encouraged by the fact that on a purely operational basis, we continue to see progress. Unfortunately, our story remains somewhat clouded by continued cleanup and one time events that we don’t expect will impact our results in the fourth quarter or beyond. We are also further encouraged by the fact that our average withdrawals per unit per month have been maintained at a level consistent with the same period one year ago, which points to our focus on maintaining the quality of our existing estate.”

($ in Millions)	Q3 2007			Q2 2007			% Change
Sales		23.3			23.5			(0.9	%)
Discounts		15.0			14.7			1.6	%
Net Sales		8.3			8.8			(5.2	%)
Cost of Sales		5.6			6.0			(6.7	%)
Gross Profit		2.7			2.8			(2.1	%)
Gross Margin (% net sales)		32.5	%		31.5	%
Selling, General & Administrative		4.7			4.3			9.0	%
Restructuring Charges /Equipment Write-Offs		1.2			—
Operating Loss		(3.2	)		(1.6	)
Discontinued Operations		(1.6	)		(0.3	)
Net Loss		(4.9	)		(2.2	)
Adjusted EBITDA excluding impact of Discontinued Operations		(.4	)		(1.0	)

Adjusted EBITDA is a non-GAAP term. Please refer to the attached reconciliation between our GAAP net income and adjusted EBITDA.

Financial Results for Third Quarter Ended September 30, 2007

In the third quarter of 2007, gross sales were $23.3 million and net sales were $8.3 million. Revenue performance reflects a consistent level of transactions per unit with fewer ATM units in the field. The average number of transacting ATMs was 10,176 during the third quarter of 2007

compared to an average of 10,473 during the second quarter of 2007. The differential reflects the loss of two large retailers, one of which included approximately 125 units transacting at comparatively low net margins, and both of which were comprised of low transacting units. The Company expects the number of ATMs will continue to decrease during the remainder of 2007 unless the Company executes on its previously announced desire to seek acquisition-led growth.

To date, the Company has added 1,544 new ATM units since the beginning of the year, including 451 in the third quarter of 2007. Driving this performance was the addition of 122 full placement units. Full placement units traditionally generate a higher gross margin per unit than merchant-owned ATMs.

Mr. Stern continued, “We remain focused on optimizing our ATM estate for maximum profitability. Towards that end, we continue to evaluate the profitability of certain accounts and will remove machines that are unprofitable. While our attrition was higher in the third quarter than in the second quarter, our efforts to add and retain higher quality ATMs were successful. Overall, attrition continues to be a challenge but ultimately we believe the quality of our portfolio is improving and we will continue to be diligent in maintaining our estate.”

Cost of sales in the third quarter of 2007 improved 6.7% to $5.6 million from $6.0 million in the second quarter of 2007, despite a one-time inventory write-down as well as a near-term increase in vault cash costs, which reflects increased risk in the commercial paper market in August and September 2007. The Company made an inventory write-down that was partially offset by an insurance refund received during the quarter. Going forward, the Company expects to benefit from improved vault cash costs commensurate with stability in the commercial paper market, including the recent 25 basis point decrease in the federal funds rate.

In the third quarter of 2007, selling, general and administrative expense increased 9.0% to $4.7 million from $4.3 million in the second quarter of 2007, and includes approximately $500,000 of costs considered to be unique to the third quarter, including executive severance and an accrual adjustment related to the Company’s processing services agreement with eFunds. On a sequential basis, the Company continued to recognize cost improvements in the areas of wages and salaries, telecommunication, external accounting and other professional services.

TRM Corporation reported an operating loss of $3.2 million in the third quarter of 2007, compared to an operating loss of $1.6 million in the second quarter of 2007. The Company notes that the third quarter operating performance was negatively impacted by approximately $2.0 million of costs for the following items:

• Net inventory write down of approximately $250,000, included in cost of sales;

• Approximately $500,000 of costs considered to be unique to the third quarter, including executive severance and an accrual adjustment related to the eFunds processing services agreement, included in selling, general and administrative expense; and a

• Restructuring cost for loss on asset disposals of approximately $1.2 million, related to the write down of ATM equipment included in fixed assets.

Michael Dolan, Chief Financial Officer of the Company, stated, “We continued to recognize costs associated with our restructuring efforts in the third quarter, but I am pleased to see a sequential improvement in our operating loss after one time charges that occurred in the third quarter as compared to the $1.6 million loss in the second quarter. This modest improvement reflects the initial steps we have taken through the year to aggressively adjust our cost structure and renegotiate our vendor contracts. I believe that as we move through the remainder of the year and into 2008, we’ll see our efforts pay off in our numbers. We also focused on improving our profitability on a unit by unit basis.”

The Company believes that adjusted EBITDA excluding the impact of discontinued operations is the most accurate reflection of ongoing operations as well as recent efficiencies in the cost structure. On a sequential basis, TRM’s adjusted EBITDA excluding the impact of discontinued operations was a $400,000 loss, compared to a $1.0 million loss in the second quarter of 2007.

In the third quarter of 2007, the Company reported a net loss of $4.9 million.

Balance Sheet

The Company had cash and cash equivalents of $3.5 million at September 30, 2007, compared to $4.8 million at December 31, 2006. The Company currently has $2.0 million of term loans outstanding.

Mr. Dolan continued “We continue to explore strategic opportunities that would be transformative to our presence in the U.S. and our ongoing profitability.”

Recent Events and Announcements

During the third quarter of 2007, the Company expanded its ATM estate with Marsh Supermarkets. As part of the contract, TRM Corporation will provide processing to 33 units, with the potential of adding additional units over the next few months. The Company continues to focus sales and marketing efforts towards branding its terminals with banks and financial institutions.

About TRM Corporation

The Company is a consumer services company that provides convenience ATM services in high-traffic consumer environments. TRM’s ATM customer base is widespread, with retailers throughout the United States. TRM operates the second largest non-bank ATM network in the United States.

FORWARD LOOKING STATEMENTS

Statements made in this news release that are not historical facts are forward-looking statements. Actual results may differ materially from those projected in any forward-looking statement. Specifically, there are a number of important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements, such as consumer demand for our services; access to capital; changes in interest rates; maintaining satisfactory relationships with our banking partners; our ability to continue to reduce attrition in our existing ATM estate and to add new ATMs; technological change; our ability to control costs and expenses; competition and our ability to successfully implement our acquisition strategy. Additional information on these factors, which could affect our financial results, is included in our annual

report on Form 10-K for the fiscal year ended December 31, 2006 under the caption “Risk Factors” and elsewhere in such report. Finally, there may be other factors not mentioned above or included in our SEC filings that could cause actual results to differ materially from those contained in any forward-looking statement. Undue reliance should not be placed on any forward-looking statement, which reflects management’s analysis only as of the date of the statement. We assume no obligation to update any forward-looking statements as a result of new information, future events or developments, except as required by applicable law.

- Attachments 1, 2 and 3 -

Attachment 1

TRM CORPORATION

Consolidated Statements of Operations

(in thousands, except per share data)

(unaudited)

	Three months ended									Nine months ended
	9-30-06			6-30-07			9-30-07			9-30-06			9-30-07
Sales	$	26,414		$	23,546		$	23,327		$	83,483		$	69,772
Less discounts		16,702			14,749			14,990			51,132			44,007
Net sales		9,712			8,797			8,337			32,351			25,765
Cost of sales:
Cost of vault cash		1,782			1,345			1,394			4,823			4,184
Other		4,111			4,684			4,233			12,056			13,360
Gross profit		3,819			2,768			2,710			15,472			8,221
Selling, general and administrative expense		7,150			4,324			4,712			22,529			14,337
Impairment charges:
Goodwill		20,393			—			—			20,393			—
Other intangible assets		22,918			—			—			22,918			—
Restructuring charges		—			—			—			—			963
Equipment write-offs		18			15			1,198			74			1,216
Operating loss		(46,660	)		(1,571	)		(3,200	)		(50,442	)		(8,295	)
Interest expense and amortization of debt issuance costs		—			125			116			—			276
Loss on early extinguishment of debt		—			24			—			3,105			4,059
Other expense (income), net		(133	)		213			(110	)		(928	)		240
Loss from continuing operations before income taxes		(46,527	)		(1,933	)		(3,206	)		(52,619	)		(12,870	)
Provision (benefit) from income taxes		(2,395	)		—			59			(4,598	)		59
Loss from continuing operations		(44,132	)		(1,933	)		(3,265	)		(48,021	)		(12,929	)
Discontinued operations:
Income (loss) from operations		(54,825	)		(280	)		(1,624	)		(56,850	)		3,596
Benefit from income taxes		(102	)		—			—			(19	)		—
Income (loss) from discontinued operations		(54,723	)		(280	)		(1,624	)		(56,831	)		3,596
Net loss	$	(98,855	)	$	(2,213	)	$	(4,889	)	$	(104,852	)	$	(9,333	)
BASIC AND DILUTED PER SHARE INFORMATION:
Weighted average common shares outstanding		17,102			17,168			17,194			17,007			17,166
Basic and diluted income (loss) per share:
Continuing operations	$	(2.58	)	$	(0.11	)	$	(0.19	)	$	(2.82	)	$	(0.75	)
Discontinued operations		(3.20	)		(0.02	)		(0.09	)		(3.35	)		0.21
Net loss	$	(5.78	)	$	(0.13	)	$	(0.28	)	$	(6.17	)	$	(0.54	)

Attachment 2

TRM Corporation

Consolidated Balance Sheets

(in thousands)

(unaudited)

	December 31,			September 30,
	2006			2007
Assets
Current assets:
Cash and cash equivalents	$	4,784		$	3,523
Restricted cash		—			4,064
Accounts receivable, net		4,328			3,515
Income taxes receivable		215			114
Inventories		674			50
Prepaid expenses and other		1,579			1,315
Deferred financing costs		5,270			181
Restricted cash — TRM Inventory Funding Trust		73,701			65,809
Assets held for sale		106,081			—
Total current assets		196,632			78,571
Equipment, less accumulated depreciation and amortization		11,646			6,078
Goodwill		16,748			16,748
Intangible assets, less accumulated amortization		585			644
Other assets		833			866
Total assets	$	226,444		$	102,907
Liabilities and shareholders’ equity
Current liabilities:
Accounts payable	$	5,988		$	6,578
Accrued expenses		8,811			15,540
Term loans and line of credit		99,318			1,966
TRM Inventory Funding Trust note payable		71,697			62,544
Liabilities related to assets held for sale		13,437			—
Total current liabilities		199,251			86,628
Minority interest		1,500			1,500
Shareholders’ equity:
Common stock		135,595			136,023
Additional paid-in capital		63			63
Accumulated other comprehensive income		4,692			2,683
Accumulated deficit		(114,657	)		(123,990	)
Total shareholders’ equity		25,693			14,779
Total liabilities and shareholders’ equity	$	226,444		$	102,907

Attachment 3

TRM Corporation

Adjusted EBITDA Reconciliation

(in thousands — USD)

(unaudited)

	Three months ended
	9/30/2006			6/30/2007			9/30/2007
Continuing Operations:
Loss from continuing operations	$	(44,132	)	$	(1,933	)	$	(3,265	)
Add:
Interest expense		—			125			116
Loss on early extinguishment of debt		—			24			—
Provision (benefit) for income taxes		(2,395	)		—			59
Depreciation and amortization		2,089			628			591
Equipment write-offs		18			15			1,198
Inventory write down		—			—			399
Non-recurring charges		—			—			350
Impairment charges		43,311			—			—
Non-cash stock compensation expense		160			123			147
Adjusted EBITDA — continuing operations	$	(949	)	$	(1,018	)	$	(405	)
Discontinued Operations:
Loss from discontinued operations	$	(54,723	)	$	(280	)	$	(1,624	)
Add:
Interest expense		2,765			—			—
Provision (benefit) for income taxes		(102	)		—			—
Depreciation and amortization		2,957			—			—
Equipment write-offs		21,397			—			—
Impairment charges		31,348			—			—
Adjusted EBITDA — discontinued operations	$	3,642		$	(280	)	$	(1,624	)