Trans World Entertainment to Host Fiscal Fourth Quarter and Year-End 2002 Earnings Conference Call

ALBANY, N.Y., Feb 20, 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 Friday, February 28, 2003 at 10:00 AM ET to discuss a press release, which
will be issued on Thursday, February 27, 2003 after the close of market
regarding its fiscal fourth quarter and year-end 2002 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,
http://www.fye.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

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

URL: http://www.fye.com