ALBANY, N.Y., Dec. 3 /PRNewswire-FirstCall/ — Trans World Entertainment
Corporation (Nasdaq: TWMC), a leading retailer of entertainment products,
today announced that Edmond Thomas has been appointed to the Company’s Board
of Directors. This appointment expands the Company’s Board to nine directors.
Mr. Thomas is currently managing partner for The Evans Thomas Company, LLC and
AXIS Capital Fund I, LP. The Evans Thomas Company and AXIS Capital Fund
provide advisory services for retail, catalog and consumer goods companies
along with investing in emerging growth retail companies.
Prior to joining the Evans Thomas Company, Mr. Thomas was President and
Chief Operating Officer of The Wet Seal, Inc, a publicly held, leading junior
apparel retailer. He has also served in various positions with several other
retailers, including Domain, Inc., Foxmoor Specialty Stores and Child World,
Inc. In addition, Mr. Thomas is a Certified Public Accountant and a member of
the Board of Directors of Swell Commerce, Inc.
“Ed Thomas brings extensive experience and a history of strong leadership
to the Company’s Board of Directors,” commented Robert J. Higgins, Chairman
and Chief Executive Officer of Trans World Entertainment. “Ed’s retail
expertise was instrumental in the growth of Wet Seal and we believe these same
qualities will be integral in continuing Trans World’s leadership position.”
Trans World Entertainment is a leading specialty retailer of music and
video products. The Company operates 950 retail stores in 47 states, the
District of Columbia, the U.S. Virgin Islands, Puerto Rico and e-commerce
sites, www.fye.com and www.wherehouse.com . In addition to its mall
locations, operated primarily under the FYE brand, the Company also operates
freestanding locations under the names Coconuts Music and Movies, Strawberries
Music, Wherehouse, CD World, Spec’s and Planet Music.
SOURCE Trans World Entertainment Corporation
CONTACT: John Sullivan, Executive Vice President and Chief Financial
Trans World Entertainment Corporation, +1-518-452-1242, ext. 7400
or Kimberly Storin, Investor Relations Counsel
The MWW Group
Web site: http://www.mwwpr.com