Trans World Entertainment to Host Fourth Quarter Earnings Conference Call

ALBANY, N.Y., Feb. 23 /PRNewswire/ — 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,
March 1st at 10:00 AM ET to discuss a press release, which will be issued on
Wednesday, February 28th after the close of market regarding its fourth
quarter 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.twec.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 Corp.

CONTACT: John Sullivan, Chief Financial Officer of Trans World
Entertainment Corp., 518-452-1242; or Investor Relations – Michael Lendener of
The MWW Group, 212-704-9727, for Trans World Entertainment Corp./