Trans World Entertainment to Host First Quarter 2007 Results Conference Call

ALBANY, N.Y., May 16, 2007 /PRNewswire-FirstCall via COMTEX News Network/ — Trans World Entertainment
Corporation (Nasdaq: TWMC) announced today that it will host a teleconference
call for members of the financial community on Thursday, May 24, 2007 at 10:00
AM ET to discuss its press release, which will be issued on the same day
before the market opens, regarding its first quarter 2007 financial results.
This call will be simultaneously webcast at the Company’s website,
http://www.twec.com.

Trans World Entertainment is a leading specialty retailer of entertainment
software, including music, home video and video games and related products.
The Company operates nearly 1,000 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. Included among the
Company’s retail locations are over 130 video only stores primarily under the
Suncoast brand and on the web at http://www.fye.com,
http://www.wherehouse.com, http://www.secondspin.com, http://www.samgoody.com
and http://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

CONTACTS:
John J. Sullivan
EVP
Chief Financial Officer of Trans World Entertainment
+1-518-452-1242

Peter Gau
MWW Group
+1-201-964-2377