Trans World Entertainment to Host Fiscal Fourth Quarter and Year-End 2001 Earnings Conference Call

ALBANY, N.Y., Feb 14, 2002 /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, February 28, 2002 at 10:00 AM ET to discuss its press release,
which will be issued on Wednesday, February 27, 2002 after the close of market
regarding its fiscal fourth quarter and year-end 2001 results. This call will be
simultaneously webcast at the Company’s corporate 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,
http://www.fye.com. In addition to its mall locations, operated under the FYE
brand, the Company also operates freestanding locations under the names 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 Corporation, +1-518-452-1242, ext. 7400; or Michael Lendener,

                  Investor Relations, +1-212-704-9727, , of The MWW Group

URL:              http://www.fye.com

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