Trans World Entertainment to Host Holiday Sales Conference Call

ALBANY, N.Y., Dec. 20 /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 3, 2007 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, http://www.twec.com.

Trans World Entertainment is a leading specialty retailer of music, video
and video game products. The Company operates over 1,100 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 180 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

Rich Tauberman
MWW Group
+1-201-507-9500