Trans World Entertainment to Host Holiday Sales Conference Call

ALBANY, N.Y., Dec. 27 /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 4, 2006 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 about 800 retail stores in
46 states, the District of Columbia, the U.S. Virgin Islands, Puerto Rico and
e-commerce sites, http://www.fye.com, http://www.coconuts.com,
http://www.wherehouse.com and http://www.secondspin.com. In addition to its
mall locations, operated primarily under the f.y.e brand, the Company also
operates freestanding locations under the names Coconuts Music and Movies,
Strawberries Music, Wherehouse, CD World, Spec’s, Second Spin, Streetside
Records, and Planet Music.

SOURCE Trans World Entertainment Corporation

CONTACT:
John J. Sullivan, EVP, Chief Financial Officer of Trans World
Entertainment,
+1-518-452-1242; or
Rich Tauberman of MWW Group for Trans World
Entertainment,
+1-201-507-9500,