Trans World Entertainment to Host Third Quarter 2006 Results Conference Call

ALBANY, N.Y., Nov. 1 /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, November 16, 2006 at
10:00 AM ET to discuss a press release, which will be issued on the same day
before the market opens, regarding its third quarter 2006 results. This call
will be simultaneously webcast at the Company’s website, 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. The Company operates mall stores under the f.y.e., Sam Goody and
Suncoast brands and freestanding locations under the names Coconuts Music and
Movies, Strawberries Music, Wherehouse, Sam Goody, Spec’s and Second Spin. The
Company also operates 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

CONTACTS:
John J. Sullivan
EVP, Chief Financial Officer of Trans World
Entertainment
+1-518-452-1242;

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