Portland, OR-based TRM today reported net income for the first quarter of $2.5 million compared to a net income of $753,000 for the same period in 2003. Net sales for the quarter grew to $21.0 million, representing an increase of 12.5%. The increase in net sales for the quarter is attributable to ATM unit expansion, higher currency exchange rates for sales by the Company’s foreign subsidiaries, and higher pricing throughout the Company’s ATM and photocopy networks. ATM operations produced net sales of $9.6 million, including $144,000 in ATM machine sales, during the first quarter, representing of 30% over 1Q/03. At the end of the first quarter, the Company’s ATM network consisted of 3,522 revenue-generating machines deployed throughout the UK and USA, which represents an increase of 422 ATM machines when compared to the same date in 2003. The Company had 25,877 revenue-generating photocopiers at quarter-end, a decrease of 2,156 units (or 7.7%) as compared to the same date in 2003, due primarily to elimination of unprofitable locations. For complete details on TRM’s first quarter performance visit CardData ([www.carddata.com]).