Trans World Entertainment to Ring NASDAQ Opening Bell

Trans World Entertainment to Ring NASDAQ Opening Bell

Company Celebrates 20 Years Listed on The NASDAQ Stock Market

ALBANY, N.Y., June 19 /PRNewswire-FirstCall/ -- Trans World Entertainment Corporation (NASDAQ:TWMC) today announced that Robert J. Higgins, Chairman and Chief Executive Officer, will ring The NASDAQ Stock Market opening bell on Friday, June 23, 2006 at 9:30 a.m. EDT, in recognition of 20 years as a NASDAQ-listed company.

"Trans World is honored to take part in the opening bell ceremony and mark 20 years of trading on the NASDAQ," said Robert J. Higgins, Chairman and Chief Executive Officer of Trans World Entertainment. "We are proud to celebrate this milestone and consider it a tribute to the accomplishments of the Trans World team in making the Company an industry leader and America's destination for all things entertainment."

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 http://www.fye.com/, http://www.coconuts.com/, http://www.wherehouse.com/, http://www.secondspin.com/, http://www.samgoody.com/ and http://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

CONTACT: John J. Sullivan, EVP, Chief Financial Officer of Trans World
Entertainment, +1-518-452-1242 ext. 7400; or Rich Tauberman of MWW Group,
+1-201-507-9500, rtauberman@mww.com

Web site: http://www.twec.com/

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