Trans World Entertainment to Host Second Quarter 2005 Results Conference Call

ALBANY, N.Y., Aug. 2 /PRNewswire-FirstCall/ — Trans World Entertainment
Corporation (Nasdaq: TWMC) announced today that it will host a teleconference
call for members of the financial community on Thursday, August 11, 2005 at
10:00 AM ET to discuss a press release, which will be issued on the same day
before the market opens, regarding its second quarter 2005 results. 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 approximately 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 FYE brand, the Company also
operates freestanding locations under the names Coconuts Music and Movies,
Strawberries Music, Wherehouse, CD World, Spec’s, Second Spin and Planet
Music.

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
08/02/2005

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