Trans World Entertainment to Host Holiday Sales Conference Call

ALBANY, N.Y., Dec. 31 /PRNewswire-FirstCall/ — Trans World Entertainment
Corporation
(Nasdaq: TWMC) announced today that it will host a teleconference
call for members of the financial community on Wednesday, January 7, 2009 at
10:00 AM ET to discuss its press release regarding its holiday sales results,
which will be issued on the same day before the market opens. This call will
be simultaneously webcast at the Company’s website, www.twec.com.

Trans World Entertainment is a leading specialty retailer of entertainment
software, including music, video and video games and related products. The
Company operates retail stores in the United States, the District of Columbia,
the U.S. Virgin Islands, and Puerto Rico, primarily under the names f.y.e. for
your entertainment and Suncoast and on the web at www.fye.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

CONTACT: John J. Sullivan EVP, Chief Financial Officer, Trans World
Entertainment

+1-518-452-1242

Marilynn Meek, +1-212-827-3773

of Financial Relations Board for Trans World Entertainment

Web Site: http://www.twec.com