Trans World Entertainment to Host Fiscal First Quarter 2003 Earnings Conference Call

ALBANY, N.Y., May 6, 2003 /PRNewswire-FirstCall via COMTEX/ — 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 15, 2003 at 10:00 AM ET to discuss a
press release, which will be issued on Wednesday, May 14, 2003 after the close
of market regarding its fiscal first quarter 2003 results. This call will be
simultaneously webcast at the Company’s website,

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, Mall locations include FYE (“For Your Entertainment”) and
Saturday Matinee. Freestanding locations include Coconuts Music and Movies,
Strawberries Music, Spec’s and Planet Music.

SOURCE Trans World Entertainment Corp.

John Sullivan, Executive Vice President and Chief Financial
Officer of Trans World Entertainment Corporation, +1-518-452-1242, ext. 7400;
or Kimberly Storin, Investor Relations, The MWW Group, +1-212-704-9727,
, for Trans World Entertainment Corporation