Trans World Announces Appointment of Brett Brewer to Company’s Board of Directors

ALBANY, N.Y., Dec 12, 2006 /PRNewswire-FirstCall via COMTEX News Network/ — Trans World Entertainment
Corporation (Nasdaq: TWMC) announced today that Brett Brewer has been
appointed to the Company’s Board of Directors. Mr. Brewer is currently
President and a member of the Board of Directors of Adknowledge, a leading
online advertising technology firm. He previously served as President and
co-founder of Intermix Media, the publicly-traded parent of Myspace.com. The
appointment of Mr. Brewer increases the number of members of Trans World’s
Board of Directors to nine.

“Brett is a true internet visionary and expert in online marketing,
bringing Trans World a unique perspective as the Company expands its focus on
digital entertainment and aggressively develops new avenues to provide
consumers with all things entertainment,” commented Robert J. Higgins,
Chairman and Chief Executive Officer of Trans World Entertainment. “His
experience and knowledge make him an important addition to our team. I am
pleased to have Brett on our Board and look forward to working with him.”

Mr. Brewer is a leading Internet pioneer with an influential voice in the
dynamic, growing online advertising industry. He has built several Internet
businesses since graduating from UCLA in 1996, the largest of which was
Intermix Media which he sold to NewsCorp for $673 million in October 2005. In
his latest venture at Adknowledge.com, Mr. Brewer is leading the growth of the
behavioral based advertising company which was recognized as a Red Herring Top
200 Company for 2006. He is an angel investor in several technology start-ups
and active in a number of community and charitable organizations including Big
Brothers of Los Angeles and Bizworld.org, a children’s education organization.

Trans World Entertainment is a leading specialty retailer of music, video
and video game products. The Company operates over 1,100 retail stores in the
United States, the District of Columbia, the U.S. Virgin Islands, and Puerto
Rico under various brands. The Company is in the process of consolidating the
majority of its stores (Coconuts Music and Movies, Strawberries Music,
Wherehouse, Sam Goody and Spec’s) under the name f.y.e. for your
entertainment. The Company also operates over 185 video only stores primarily
under the Suncoast brand and on the web at www.fye.com, www.coconuts.com,
www.wherehouse.com, www.secondspin.com, www.samgoody.com and www.suncoast.com.

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

CONTACTS:

John J. Sullivan of Trans World Entertainment, EVP, Chief Financial Officer

+1-518-452-1242;

Rich Tauberman of MWW Group
+1-201-507-9500