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

ALBANY, N.Y., Aug 5, 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,
August 14, 2003 at 10:00 AM ET to discuss a press release, which will be
issued on Wednesday, August 13, 2003 after the close of market regarding its
fiscal second 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 of The MWW Group, +1-212-704-9727,
, for Trans World Entertainment Corp.