Trans World Entertainment To Host First Quarter 2006 Results Conference Call

ALBANY, N.Y., May 8 /PRNewswire-FirstCall/ — Trans World Entertainment
Corporation (Nasdaq: TWMC) announced today that it will host a teleconference
call for members of the financial community on Thursday, May 18, 2006 at
10:00 AM ET to discuss a press release, which will be issued on the same day
before the market opens, regarding its first quarter 2006 results. This call
will be simultaneously webcast at the Company’s website, www.twec.com.

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. The Company operates mall stores under the f.y.e., Sam Goody and
Suncoast brands and freestanding locations under the names Coconuts Music and
Movies, Strawberries Music, Wherehouse, Sam Goody, Spec’s and Second Spin. The
Company also operates on the web at www.fye.com, www.coconuts.com,
www.wherehouse.com, www.secondspin.com, www.samgoody.com and www.suncoast.com.

SOURCE Trans World Entertainment Corporation

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

Web site: http://www.twec.com
http://www.fye.com
http://www.coconuts.com
http://www.wherehouse.com
http://www.secondspin.com
http://www.samgoody.com
http://www.suncoast.com