Wet Seal & FYE Announce Retail Alliance That Blends Fashion and Entertainment; Trendy Retailer Nabs Hollywood Records’ BBMak for SEALtv Promotion and National Sweepstakes

FOOTHILL RANCH, Calif., Sep 16, 2002 (BUSINESS WIRE) — Wet Seal, the nation’s
leading specialty retailer for hip girls of all ages, has teamed up with the
national entertainment store FYE (for your entertainment) and Hollywood Records
for a multi-faceted promotion that features rock/pop group BBMak and includes a
major giveaway, point-of-sale cross-marketing, exclusive footage on SEALtv and
shopping discounts at Wet Seal and FYE stores nationwide.

As part of Wet Seal’s partnership with the entertainment giant, FYE will include
special bag stuffers in over 650 FYE stores that offer a 15% discount on one’s
entire purchase at Wet Seal through October. The offer will also be printed on
every FYE receipt throughout the month. At the same time, Wet Seal will include
a coupon in every shopping bag, which offers $3 off of every BBMak “Into Your
Head” CD purchased at FYE.

“FYE strives to bring cool and fun promotions to our younger entertainment
consumers, which is why this partnership with Wet Seal was a logical one. In
addition to major savings, our customers will have a great shopping experience
in both stores,” said Mark Hogan, Vice-President of Marketing for Trans World

In addition to great savings, Wet Seal will celebrate this partnership by
offering loyal shoppers across the United States the opportunity to bring their
favorite member of the Brit band home. Whether it’s Christian “B”urns, Mark
“B”arry or the “Mak” Ste McNally, it will be up to one lucky winner to choose
which BBMak guy will personally deliver the grand prize — a customized
MINI-Cooper — to the winner’s home.

“Wet Seal once again is at the forefront of blending cool music with hot
fashion. This promotion marks our biggest giveaway to date and further
emphasizes our commitment to creating partnerships with leaders in the music
industry that target a shared and powerful demographic,” said Steve Strickland,
Senior Vice-President of Marketing and Creative Services for Wet Seal.

25 second-prize winners will receive a copy of BBMak’s latest CD, “Into Your
Head,” and a $50 Wet Seal gift card. Hollywood Records will also provide 45,000
enhanced CD singles, for exclusive distribution by Wet Seal, featuring the
newest BBMak hit “Into Your head,” one-on-one SEALtv interviews with the band, a
sneak peek at Wet Seal’s holiday offerings directly from the catalog photo
shoot, and links to the Wet Seal, FYE and Hollywood Records websites.

“Hollywood Records is thrilled to partner with a retail category leader such as
Wet Seal. Wet Seal’s customer is dead on target with BBMak’s core audience.
Music and fashion create the celebrity lifestyle that everyone wants to
experience. I am confident that the high-profile exposure of this campaign will
translate into increased sales for both parties,” said Rob Souriall,
Vice-President of Marketing for Hollywood Records.

To celebrate this spectacular deal, SEALtv, the retailer’s in-house fashion and
entertainment network, will feature exclusive interviews and tons of videos from
the band, including the breakout hit “Back Here” from the band’s first album and
the new single “Out of my Heart” from its just-released sophomore effort, “Into
Your Head.” SEALtv, a unique blend of style and celebrity, broadcasts original
programming, exclusive video footage, music videos and red carpet interviews
from today’s hottest music, film and television stars over a huge wall of
monitors in Wet Seal stores nationwide. To date, Wet Seal has partnered with
Michelle Branch (Maverick Records), The Goo Goo Dolls (Warner Bros.), Dropline
(Reprise Records, a subsidiary of Warner Bros.) and No Doubt (Interscope).

Wet Seal, founded in Southern California in 1962, is one of the largest national
mall-based specialty retailers of young women’s apparel, operating 588 retail
stores in 45 states, the District of Columbia and Puerto Rico. The company’s
website, www.wetseal.com, offers e-tail, fashion trend reports and more.

FYE (for your entertainment) is the latest exciting retail concept from Trans
World Entertainment (NASDAQ:TWMC) with more than 700 stores coast-to-coast
offering music, movies, games and more. As one of the nation’s leaders in
entertainment retail, Trans World has been innovating the ways people shop for,
access and enjoy entertainment for nearly 30 years.

Note to Editors: MINI and MINI-Cooper are registered trademarks of BMW N.A. LLC.
All right reserved. MINI, a division of BMW N.A. LLC, does not support or
endorse this promotion.

TARA, Ink.
Tara Solomon or Suzette Espinosa, 305/864-3434

The Wet Seal, Inc., Foothill Ranch
Cheryl Rudich, 949/699-3995