Trans World Entertainment Announces Resignation of Executive Vice President of Merchandising and Marketing

ALBANY, N.Y.–(BUSINESS WIRE)–Feb. 22, 2000–Trans World Entertainment (Nasdaq National Market: TWMC) announced today that James A. Litwak, Executive Vice President of Merchandising and Marketing, has left the Company to pursue other interests. The Company will be undertaking a search for a replacement and expects to be able to name a new head of merchandising and marketing in the near future.

“During his tenure with Trans World, Jim worked well with members of our senior management and left behind a talented and enthusiastic staff of senior merchants,” said Robert Higgins, Chairman and CEO of Trans World Entertainment.

Trans World Entertainment is a leading specialty retailer of music and video products. The Company operates retail stores in 44 states, the District of Columbia, the U.S. Virgin Islands, Puerto Rico and an e-commerce site, Mall locations include Record Town, Camelot, The Wall, Saturday Matinee and F.Y.E. Freestanding locations include Coconuts Music and Movies, Strawberries Music, Spec’s and Planet Music.

Certain statements in this report 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 Commissions.

     CONTACT:  Trans World Entertainment Corporation
               John Sullivan, Chief Financial Officer
               (518) 452-1242 ext. 7400
               The MWW Group
               (212) 704-9727 - Investor Relations
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               Jen Valz -