Trans World Entertainment to Host First Quarter Earnings Conference Call

ALBANY, N.Y., April 30 /PRNewswire/ — Trans World Entertainment Corp.
(Nasdaq: TWMC), a leading retailer of entertainment products, will host a
teleconference call for members of the financial community on Thursday,
May 17, 2001 at 10:00 AM ET to discuss a press release, which will be issued
on Wednesday, May 16, 2001 after the close of market regarding its first
quarter results. This call will be simultaneously webcast at the Company’s
website, http://www.twec.com.

About Trans World Entertainment Corp.

Trans World Entertainment is a leading specialty retailer of music and
video products. The Company operates retail stores in 46 states, the District
of Columbia, the U.S. Virgin Islands, Puerto Rico and an e-commerce site,
www.twec.com. Mall locations include Camelot, Record Town, The Wall, Disc
Jockey, Saturday Matinee and F.Y.E. Freestanding locations include Coconuts
Music and Movies, Strawberries Music, Spec’s and Planet Music.

SOURCE Trans World Entertainment Corp.

CONTACT: John Sullivan, Chief Financial Officer of Trans World
Entertainment, 518-452-1242; or Investor Relations, Michael Lendener, of The
MWW Group, 212-704-9727, for Trans World Entertainment/