Trans World Entertainment to Host Second Quarter Earnings Conference Call

ALBANY, N.Y., July 26 /PRNewswire/ —
Trans World Entertainment Corp. (Nasdaq: TWMC), a leading retailer of
entertainment products, will host a teleconference call for members of the
financial community on Thursday, August 16, 2001 at 10:00 AM ET to discuss a
press release, which will be issued on Wednesday, August 15, 2001 after the
close of market regarding its second quarter results. This call will be
simultaneously webcast at the Company’s website, http://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 46 states, the District
of Columbia, the U.S. Virgin Islands, Puerto Rico and an e-commerce site,
http://www.twec.com. Mall locations include Camelot, Record Town, The Wall,
Disc Jockey, Saturday Matinee and F.Y.E. Freestanding locations include
Coconuts Music and Movies, Strawberries Music, Spec’s and Planet Music.
SOURCE Trans World Entertainment Corp.

CONTACT: John Sullivan, Chief Financial Officer of Trans World
Entertainment Corp., +1-518-452-1242, ext. 7400; or Michael Lendener, Investor
Relations, of The MWW Group, +1-212-704-9727, , for Trans
World Entertainment Corp.