Trans World Entertainment to Host Fourth Quarter and Annual 2006 Results Conference Call

ALBANY, N.Y., Feb. 15 /PRNewswire-FirstCall/ — Trans World Entertainment
Corporation (Nasdaq: TWMC) announced today that it will host a teleconference
call for members of the financial community on Thursday, March 1, 2007 at
10:00 AM ET to discuss its press release, which will be issued on the same day
before the market opens, regarding its fourth quarter and annual 2006
financial results. This call will be simultaneously webcast at the Company’s
website, www.twec.com.

Trans World Entertainment is a leading specialty retailer of music, video
and video game products. The Company operates nearly 1,000 retail stores in
the United States, the District of Columbia, the U.S. Virgin Islands, and
Puerto Rico under various brands. The Company is in the process of
consolidating the majority of its stores (Coconuts Music and Movies,
Strawberries Music, Wherehouse, Sam Goody and Spec’s) under the name f.y.e.
for your entertainment. The Company also operates over 130 video only stores
primarily under the Suncoast brand and on the web at www.fye.com,
www.coconuts.com, www.wherehouse.com, www.secondspin.com, www.samgoody.com and
www.suncoast.com.

Certain statements in this release set forth management’s intentions,
plans, beliefs, expectations or predictions of the future based on current
facts and analyses. Actual results may differ materially from those indicated
in such statements. Additional information on factors that may affect the
business and financial results of the Company can be found in filings of the
Company with the Securities and Exchange Commission.

SOURCE:
Trans World Entertainment Corporation

CONTACT:
John J. Sullivan
EVP
Chief Financial Officer
Trans World
Entertainment
+1-518-452-1242

Peter Gau
MWW Group
+1-201-964-2377