f.y.e. Introduces Backstage Pass

New Loyalty Program to Provide Consumers with Savings and Special Offers

ALBANY, N.Y., Nov. 14 /PRNewswire-FirstCall/ — Trans World Entertainment
Corporation’s (Nasdaq: TWMC), f.y.e. — for your entertainment stores, the
largest specialty music retailer in the nation, today announced the launch of
the f.y.e Backstage Pass, a new customer loyalty program. Backstage Pass
allows f.y.e. to continually reward customers with valuable savings toward the
purchase of CDs, DVDs, games and other entertainment products throughout the
store.

“We are excited to announce the launch of the f.y.e. Backstage Pass which
will offer special savings and convenience to our most valued customers,” said
Fred Fox, Executive Vice President of Marketing and Merchandising of Trans
World Entertainment. “Additionally, the program will allow us to provide
information about upcoming new releases, special events, concerts and other
exclusive members’ only sales and promotions in our stores nationwide.”

The f.y.e. Backstage Pass is available in over 550 f.y.e. — for your
entertainment stores coast to coast. Membership is available to customers on
an annual basis for the low price of $25. The Backstage Pass provides each
club member with instant savings of 10% on their purchases, bonus discount
days and email notifications of upcoming events, new releases and exclusive
offers. Customers can use their Backstage Pass to begin saving immediately.

“Backstage Pass is another example of our commitment to deliver the best
shopping experience to f.y.e. customers,” added Fox.

For more information, log on to http://www.fye.com/backstagepass

Trans World Entertainment is a leading specialty retailer of music, video
and video game products. The Company operates over 800 retail stores in 46
states, the District of Columbia, the U.S. Virgin Islands, Puerto Rico and
e-commerce sites, http://www.fye.com, http://www.coconuts.com,
http://www.wherehouse.com and http://www.secondspin.com. In addition to its
mall locations, operated primarily under the f.y.e. brand, the Company also
operates freestanding locations under the names Coconuts Music and Movies,
Strawberries Music, Wherehouse, CD World, Spec’s, Second Spin and Planet
Music.

Certain statements in this release set forth management’s intentions,
plans, beliefs, expectations or predictions of the future based on current
facts and analyses. Actual results may differ materially from those indicated
in such statements. Additional information on factors that may affect the
business and financial results of the Company can be found in filings of the
Company with the Securities and Exchange Commission.

SOURCE Trans World Entertainment Corporation

CONTACT: John J. Sullivan, EVP, Chief Financial Officer of Trans World
Entertainment, +1-518-452-1242 ext. 7400; or Rich Tauberman of MWW Group for
Trans World Entertainment, +1-201-507-9500,