TWEC.COM Offers Eight-Day Cruise to Scandinavia/Russia With The Olsen Twins

ALBANY, N.Y., Dec. 14 /PRNewswire/ — TWEC.COM (http://www.twec.com), the e-commerce site of leading entertainment products retailer Trans World Entertainment Corporation (Nasdaq: TWMC), today announced “The Olsen Twins: To Russia With Love,” sweepstakes, with a grand prize of a cruise for four to Russia aboard Holland America’s msMaasdam.

The eight-day cruise will depart from Stockholm, Sweden, on June 25, 2000, stopping in Finland, Estonia and Russia, before returning to Stockholm on July 2, 1999. The prize includes round-trip airfare for four, an eight-day cruise including accommodation in a stateroom and the chance to meet Mary-Kate and Ashley Olsen. In conjunction with Rhino Entertainment, Dual Star and Sail With The Stars, TWEC.COM is offering the sweepstakes from now until January 31, 2000. The winner will be selected randomly on February 7, 2000.

To enter the contest, log on to http://www.twec.com and complete the e-mail entry form and submit it by January 31, 2000. Contestants can also download and complete the entry form or hand print, on a 3″x 5″ card, the following information: name, address, phone number, and age, along with the phrase “Mary-Kate & Ashley’s Cool Yule Cruise Sweepstakes,” and mail to: Mary-Kate & Ashley’s Cool Yule Cruise Sweepstakes, c/o TWEC.COM, 38 Corporate Circle, Albany, New York 12203. The contest is open to U.S. residents who are 17 years of age and under. The winner must be accompanied by a legal parent or guardian.

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.

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.

SOURCE TWEC.COM

CONTACT: Jim Litwak, Executive Vice President of Merchandising and Marketing of Trans World Entertainment Corporation, 518-452-1248, ext. 7240; or Media – Charlotte Ostor, 201-507-9500, , or Investor – Leon Berman, 212-704-9727, , both of THE MWW GROUP, for TWEC.COM/