ALBANY, N.Y., Feb. 25 /PRNewswire-FirstCall/ — Trans World Entertainment
Corporation (Nasdaq: TWMC) today announced that BuyServices Inc., a wholly
owned subsidiary of Buy.com, will supply an e-commerce outsource solution for
Trans World Entertainment’s mall-based FYE, “For Your Entertainment”, stores.
The new and improved FYE.com site will have the same look and feel as today
and will have an expanded product line. In addition to music, movies and
games, it will include electronics, boutique and accessories.
Beginning in August 2004, BuyServices will provide a fully hosted
e-commerce solution for FYE.com. The turnkey solution allows FYE to leverage
its brand and current customers with its own storefront, FYE.com, while at the
same time taking advantage of the e-commerce capabilities that the
BuyServices’ engine offers.
“We selected BuyServices for its retail experience and proven success
operating e-commerce engines,” commented Fred Fox, Trans World’s Executive
Vice President of Merchandising and Marketing. “We look forward to leveraging
BuyServices’ well-established and trusted technology to gain a competitive
advantage in our market.”
“We are excited to assist FYE in offering their customers easy access to a
host of great entertainment products, including music, movies, games,” said
Sherman Atkinson, President of BuyServices. “We are confident that our
technical abilities will allow us to achieve the high customer service
standards of FYE and improve the overall shopping experience on FYE.com.”
Trans World Entertainment is a leading specialty retailer of music and
video products. The Company operates over 850 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.
BuyServices is a wholly owned subsidiary of Buy.com and is the power
behind BuyMusic.com, the world’s first digital download service for PC users.
BuyServices also develops and operates a cross platform capable, fully hosted
e-commerce solution for content providers, information portals and wireless
service providers. For more information, please visit the company’s web site
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 Sullivan, Executive Vice President and Chief Financial
Officer of Trans World Entertainment Corporation, +1-518-452-1242, ext., 7400;
or Larisa Hall of Buy.com, +1-949-389-2299, ; or Kimberly
Storin, Investor Relations Counsel of MWW Group, +1-212-704-9727, or
, for Trans World Entertainment Corporation/
Web site: http://www.twec.com