TWEC.COM Launches Exclusive Co-Marketing Agreement With Gigmania.com; TWEC.COM Now Preferred Music, Movie and Video Game Provider

ALBANY, N.Y.–(BUSINESS WIRE)–March 14, 1999–TWEC.COM (www.twec.com), the e-commerce site of leading entertainment products retailer Trans World Entertainment Corporation (Nasdaq National Market: TWMC), has launched a previously announced exclusive agreement with online concert site, Gigmania.com. The agreement positions TWEC.COM as the preferred CD music, video and video game provider for product sales on the Gigmania site (www.gigmania.com).

Under the terms of the agreement, TWEC.COM has placed a “Get CD” button on www.gigmania.com that links artist tour dates listed on the Gigmania web site to the TWEC artist discography pages, which list album information on a particular artist. For each artist displayed on the Gigmania site, TWEC.COM features up to three of the most current concert tour dates listed on Gigmania.com as well as a link back to Gigmania for additional tour information. In addition, by linking to Gigmania.com, visitors to www.twec.com can purchase tickets online.

“As we continue to implement our unique clicks and bricks strategy, our partnership with Gigmania has enabled us to add an important live element to our comprehensive online music superstore,” said Michael Madden, President/COO. “This partnership was a natural next step for TWEC.COM as we continue to expand our e-commerce offerings.”

“Gigmania innovated the way live music is listed by integrating content and service links into its database of concerts. By partnering with TWEC.com for CD fulfillment, we align ourselves with one of the major players in the entertainment Etail and brick and mortar retail business,” said Gigmania Co-founder and CEO, Tyson Daugherty.

According to the agreement, TWEC.COM links artists’ products and/or discography pages directly to Gigmania’s artist tour pages. Further promotion of the agreement between TWEC.COM and Gigmania will take place in the Trans World stores, including such possible promotions as in-store posters, promotional product giveaways and in-store advertisements.

About Trans World Entertainment

Trans World Entertainment is the leading music retailer in the United States. The Company operates retail stores in 44 states, the District of Columbia and Puerto Rico, as well as an e-commerce site, http://www.twec.com. Mall locations include Camelot Music, Record Town, The Wall and F.Y.E. Freestanding locations include Coconuts Music and Movies, Strawberries Music, Spec’s and Planet Music.

About The Web’s Entertainment Center (TWEC.COM)

TWEC.COM is the online hub for Trans World Entertainment’s retail stores. With worldwide distribution spanning 16 countries in addition to the United States, the site features all of the music CDs and cassettes, video games, DVD and VHS (PAL and NTSC) home videos that are available at its retail stores, and more. TWEC.COM is home to Trans World’s “On Stage” series, featuring live concerts, online chats, in-store artist appearance schedules, in-studio performances and entertainment media that is on-demand.

About Gigmania

Headquartered in Brooklyn, New York, Gigmania is the premier site for fans of live music. Gigmania provides consumers with up to date concert information on venues of all sizes in over 2,400 cities worldwide. Gigmania also offers a searchable database of over 35,000 artists. Fans can listen to music samples, purchase concert tickets, buy CDs, view videos, post their own concert reviews or take advantage of a variety of record company promotions.

Certain statements in this report 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.

CONTACT: Trans World Entertainment Corporation

Michael Madden, President/COO
(518) 452-1248, ext. 7077
-or-
The MWW Group
Tel. (201) 507-9500
Media Relations
Laurie Terry Fern ()
Susan Boyle ()
-or-
Gigmania
Erik Filkorn
(802) 434-3331
()