TWEC.COM to Air Webcast Concerts Produced by iCON Broadcasting Network and Electric Factory Concerts; E-Commerce Entertainment Retailer Adds Customized Area For Original Webcasts

ALBANY, N.Y.–(BUSINESS WIRE)–Jan. 26, 2000–TWEC.COM, the e-commerce web site of leading entertainment products retailer Trans World Entertainment Corporation (Nasdaq National Market: TWMC), announced today that it has signed an agreement with the iCON Broadcasting Network (www.iCONwebcast.com), to air a series of live webcasts from Electric Factory Concerts (www.electricfactory.com).

The concerts, co-produced by iCON Broadcasting Network and Electric Factory Concerts, will take place in the Electric Factory and the Theatre of the Living Arts in Philadelphia, PA. The webcasts will appear in a special Concert and On Demand area on TWEC.COM customized to the artist(s) performing. The agreement covers all Electric Factory webcast productions through September 1, 2000.

Artists who have participated in webcasts via the iCON Broadcasting Network and Electric Factory Concerts include moe, Luscious Jackson, Agents of Good Roots, Los Fabulosos Cadillacs, Supertones, Public Enemy, G-Love and Special Sauce and The Princes of Babylon. Artists who are scheduled to participate in upcoming webcasts include the Bacon Brothers, Fish, Audio Adrenaline, Raze, Powerman 5000, Cowboy Junkies and Jennifer Knapp.

“The Electric Factory is a leading concert venue for up-and-coming as well as established acts,” said Jim Litwak, Executive Vice President of Marketing and Merchandising of Trans World Entertainment. “Adding its concerts to TWEC.COM allows us to continue to establish TWEC.COM as the premier Internet site not just for shopping, but for cutting-edge online entertainment.”

“We are pleased to associate with Trans World Entertainment Corporation and look forward to a long relationship of providing the highest quality of live music from all genres,” said Bill Bentley, Co-Founder and VP of Business Development for iCON Broadcasting Network. “We are excited to be working with the nation’s largest music retailer and believe strongly that their “clicks-and-bricks” presence will position the iCON Broadcasting Network, Electric Factory Concerts and the artists that we represent before very large audiences.”

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 iCON Broadcasting

The iCON Broadcasting Network (www.iCONwebcast.com), based in Cherry Hill, Camden County, NJ, is a full-service webcast solution provider. The company specializes in live video production, high quality encoding, content distribution and consulting for B2B and entertainment. iCON Broadcasting Network is also an agency representing corporate clients, musicians,entertainers, etc. and their content for strategic positioning on the Internet. For more information call 1-888-WEBCAST.

About Electric Factory Concerts

Electric Factory Concerts is a Philadelphia-based concert promoter, event management and national tour production company now in its 32nd year. As a concert promoter, Electric Factory Concerts has promoted thousands of shows throughout all of North America, and are universally recognized as among the most influential, creative and successful in their field. A highlight of their career includes 1985’s Live-AID show, for which they served as the American producers. Electric Factory Concerts has produced many Broadway and off-Broadway shows, as well as regional and national tours, including: Patti LaBelle, Richard Pryor, Kenn Hill’s Phantom of the Opera, Fame – The Musical, YES, Earth Wind and Fire, and Bette Midler’s phenomenally successful 1999 “Divine Miss Millennium” tour.

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
               Jim Litwak
               Executive Vice President of Marketing and Merchandising
               518/452-1242 x 7240
                          or
               THE MWW GROUP
               Media Relations -- Charlotte Ostor ()
               Investor Relations - Leon Berman ()
               201/507-9500