Trans World Entertainment to Host Holiday Sales Conference Call

ALBANY, N.Y., Dec. 23 /PRNewswire-FirstCall/ — Trans World Entertainment
Corporation (Nasdaq: TWMC), a leading retailer of entertainment products, will
host a teleconference call for members of the financial community on
Wednesday, January 7, 2004 at 10:00 AM ET to discuss its press release
regarding its holiday sales results, which will be issued on Wednesday,
January 7, 2004 before the market opens. This call will be simultaneously
webcast at the Company’s corporate website, 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 47 states, the District
of Columbia, the U.S. Virgin Islands, Puerto Rico and e-commerce sites,
www.fye.com and www.wherehouse.com. In addition to its mall locations,
operated under the FYE brand, the Company also operates freestanding locations
under the names Coconuts Music and Movies, Strawberries Music, Wherehouse, CD
World, Spec’s and Planet Music.

SOURCE Trans World Entertainment
12/23/2003
CONTACT: John Sullivan
Chief Financial Officer of Trans World Entertainment Corporation
+1-518-452-1242, ext. 7400
or Kimberly Storin
Investor Relations of The MWW Group
+1-212-704-9727, , for
Trans World Entertainment Corporation
Web site: http://www.twec.com
(TWMC)