8-K

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

Current Report Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 6, 2008

TRANS WORLD ENTERTAINMENT CORPORATION

-----------------------------------------------------------------------------------------------------------------------------

(Exact name of registrant as specified in its charter)

New York	0-14818	14-1541629
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer identification No.)
38 Corporate Circle, Albany, New York		12203
(Address of principal executive offices)		(Zip Code)
Registrant's telephone number, including area code: (518) 452-1242
	None
(Former name or former address, if changed since last report.)

ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On March 6, 2008, Trans World Entertainment Corporation issued a press release announcing its financial results for the quarter and year ended February 2, 2008.  A copy of Trans World Entertainment Corporation’s press release is furnished with this report as Exhibit 99.1, and is incorporated herein by reference.

In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K is being furnished under Item 2.02 and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of such section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act.

ITEM 7.01. REGULATION FD DISCLOSURE

Attached hereto as Exhibit 99.2 is the transcript for the earnings conference call of Trans World Entertainment Corporation held on March 6, 2008. The information in this Current Report on Form 8-K, including the exhibit attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities under that Section. Furthermore, such information, including the exhibit attached hereto, shall not be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

Certain information contained in this Current Report on Form 8-K, including information in Exhibit 99.2 hereto, is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning results of operations and Trans World Entertainment Corporation’s strategies. Trans World Entertainment Corporation cautions that there are factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Trans World Entertainment Corporation; accordingly, there can be no assurance that such suggested results will be realized. For a list of Trans World Entertainment Corporation’s risk factors, see the Company’s Annual Filing on Form 10-K with the Securities and Exchange Commission for the year ended February 3, 2007.

ITEM 9.01.  FINANCIAL STATEMENTS AND EXHIBITS

(c) EXHIBITS. The following are furnished as Exhibits to this Report:

Exhibit No.	Description
99.1	Trans World Entertainment Corporation Press Release dated March 6, 2008.
99.2	Trans World Entertainment Corporation Transcript for Earnings Call held on March 6, 2008.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	TRANS WORLD ENTERTAINMENT CORPORATION
	/s/ John J. Sullivan
Date: March 6, 2008
	John J. Sullivan
	Executive Vice President-Finance, Chief
	Financial Officer and Secretary

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EXHIBIT INDEX

Exhibit No.	Description
99.1	Trans World Entertainment Corporation Press Release dated March 6, 2008.
99.2	Trans World Entertainment Corporation Transcript for Earnings Call held on March 6, 2008.

EX-99.1

Exhibit 99.1

	Contact: Trans World Entertainment John J. Sullivan EVP, Chief Financial Officer (518) 452-1242	Contact: MWW Group Richard Tauberman rtauberman@mww.com (201) 964-2408
38 Corporate Circle Albany, NY 12203
www.twec.com		NEWS RELEASEE
TRANS WORLD ENTERTAINMENT ANNOUNCES FOURTH QUARTER AND FISCAL YEAR 2007 RESULTS

Albany, NY, March 6, 2008 -- Trans World Entertainment Corporation (Nasdaq: TWMC) today reported financial results for its fourth quarter and fiscal year ended February 2, 2008.

For the fourth quarter, total sales decreased 23% to $451.5 million compared to $586.7 million in 2006. Comparable store sales for the quarter decreased 12%. The fourth quarter of 2006 contained fourteen weeks compared to thirteen weeks in 2007.

For the fourth quarter of 2007, the Company recorded a net loss of $66.0 million, or $2.12 per share. This year’s fourth quarter results included a non-cash tax expense of $43.4 million, or $1.39 per share for the quarter, to establish a full valuation allowance against the Company’s deferred tax assets, pursuant to Statement of Financial Accounting Standards (SFAS) No. 109, “Accounting for Income Taxes”. The deferred tax valuation allowance relates to accounting requirements in situations where a company experiences a cumulative pre-tax loss in its most recent three fiscal years. Additionally, this year’s fourth quarter results included a non-cash impairment charge to write down certain long-lived assets, pursuant to SFAS No. 144, “Accounting for the Impairment or Disposal of Long-Lived Assets”, totaling $30.7 million or $0.99 per share for the quarter. For the fourth quarter of 2006 net income was $37.8 million or $1.17 per diluted share.

For fiscal year 2007, total sales decreased 14% to $1.266 billion compared to $1.471 billion in 2006. Comparable store sales for fiscal year 2007 decreased 8%. Fiscal year 2006 contained fifty-three weeks compared to fifty-two weeks in 2007.

Net loss for fiscal 2007 was $99.4 million, or $3.20 per share. For fiscal year 2006, net income was $11.7 million, or $0.36 per diluted share.

Trans World Entertainment is a leading specialty retailer of entertainment software, including music, video and video games and related products. The Company operates over 800 retail stores in the United States, the District of Columbia, the U.S. Virgin Islands, and Puerto Rico, primarily under the names f.y.e. for your entertainment and Suncoast and on the web at www.fye.com, www.wherehouse.com, www.secondspin.com, www.samgoody.com and 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.

— table to follow —

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TRANS WORLD ENTERTAINMENT CORPORATION
Financial Results

STATEMENTS OF OPERATION:
	Thirteen and Fourteen
(in millions, except per share data)	Weeks Ended (1)										Fiscal Year Ended (2)
	February 2,			% to		February 3,			% to		February 2,			% to		February 3,			% to
	2008			Sales		2007			Sales		2008			Sales		2007			Sales
Net sales	$	451.5				$	586.7				$	1,265.7				$	1,471.2
Cost of sales		299.4		66.3	%		382.9		65.3	%		819.9		64.8	%		952.0		64.7	%
Gross profit		152.1		33.7	%		203.8		34.7	%		445.8		35.2	%		519.2		35.3	%
Selling, general and
administrative expenses		111.7		24.7	%		137.0		23.3	%		433.2		34.2	%		482.4		32.8	%
Impairment charge		30.7		6.8	%		-		0.0	%		30.7		2.4	%		-		0.0	%
Depreciation and amortization		9.9		2.2	%		9.3		1.7	%		37.2		3.0	%		36.8		2.5	%
(Loss) income from operations		(0.2	)	0.0	%		57.5		9.7	%		(55.3	)	-4.4	%		0.0		0.0	%
Other income		(0.3	)	0.0	%		(0.4	)	-0.1	%		(0.4	)	0.0	%		(4.4	)	-0.3	%
Interest expense		1.3		0.3	%		1.4		0.2	%		6.5		0.5	%		5.5		0.4	%
(Loss) income before income taxes, extraordinary
gain - unallocated goodwill		(1.2	)	-0.3	%		56.5		9.6	%		(61.4	)	-4.9	%		(1.1	)	-0.1	%
Income tax expense (benefit)		64.8		14.3	%		24.1		4.1	%		38.0		3.0	%		(2.1	)	-0.2	%
(Loss) income before extraordinary gain - unallocated
goodwill		(66.0	)	-14.6	%		32.4		5.5	%		(99.4	)	-7.9	%		1.0		0.1	%
Extraordinary gain - unallocated negative goodwill, net
of income taxes		-		0.0	%		5.4		0.9	%		-		0.0	%		10.7		0.7	%
Net (loss) income	$	(66.0	)	-14.6	%	$	37.8		6.4	%	$	(99.4	)	-7.9	%	$	11.7		0.8	%
Basic (loss) earnings per common share:
(Loss) earnings per common share before
extraordinary gain - unallocated negative goodwill	$	(2.12	)			$	1.05				$	(3.20	)			$	0.03
Extraordinary gain - unallocated negative goodwill, net
of income taxes		-					0.18					-					0.35
Basic (loss) earnings per common share	$	(2.12	)			$	1.23				$	(3.20	)			$	0.38
Weighted average number of
common shares outstanding		31.1					30.9					31.0					30.8
Diluted (loss) earnings per common share:
(Loss) earnings per common share before
extraordinary gain - unallocated negative goodwill	$	(2.12	)			$	1.00				$	(3.20	)			$	0.03
Extraordinary gain - unallocated negative goodwill, net
of income taxes		-					0.17					-					0.33
Diluted (loss) earnings per common share	$	(2.12	)			$	1.17				$	(3.20	)			$	0.36
Weighted average number of
common shares - diluted		31.1					32.4					31.0					32.0
											February 2,					February 3,
SELECTED BALANCE SHEET CAPTIONS:											2008					2007
(in millions, except store data)
Cash and cash equivalents												$74.7					$118.6
Merchandise inventory												440.2					504.9
Fixed assets (net)												82.2					138.3
Accounts payable												237.8					311.4
Long-term debt and capital lease obligations, less current portion												12.6					16.1
Stores in operation												813					992

(1) - The fourth fiscal quarter ended February 2, 2008 contains 13 weeks.

       The fourth fiscal quarter ended February 3, 2007 contains 14 weeks.

(2) - The fiscal year ended February 2, 2008 contains 52 weeks.

       The fiscal year ended February 3, 2007 contains 53 weeks.

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EX-99.2

Exhibit 99.2

FINAL TRANSCRIPT

                                                                                             

Conference Call Transcript

TWMC - Q4 2007 Trans World Entertainment Corp. Earnings Conference Call

Event Date/Time: Mar. 06. 2008 / 10:00AM ET

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FINAL TRANSCRIPT

Mar. 06. 2008 / 10:00AM ET, TWMC - Q4 2007 Trans World Entertainment Corp. Earnings Conference Call

CORPORATE PARTICIPANTS

Bob Higgins

Trans World Entertainment Corp. - Chairman and CEO

Jim Litwak

Trans World Entertainment Corp. - President and COO

John Sullivan

Trans World Entertainment Corp. - CFO

CONFERENCE CALL PARTICIPANTS

Matthew Fassler

Goldman Sachs - Analyst

Ian Corydon

B. RIley & Company, Inc. - Analyst

PRESENTATION

Operator

Good day ladies and gentlemen, and welcome to the Trans World Entertainment fourth quarter and annual 2007 results conference call. All participants are in a listen-only mode. Later we will conduct a question-and-answer session and instructions will follow at that time. (OPERATOR INSTRUCTIONS) As a reminder, this conference call is being recorded.

I would now like to introduce your host for today's presentation, Mr. Bob Higgins, Chairman and CEO of Trans World Entertainment. Mr. Higgins, you may begin, sir.

Bob Higgins - Trans World Entertainment Corp. - Chairman and CEO

Thank you, Howard. Good morning. On the call with me today are Jim Litwak, our President and Chief Operating Officer, and John Sullivan, our Chief Financial Officer.

Thank you for joining us today as we discuss our 2007 results. First, we want to update you on the strategic alternatives process that has been underway. The Special Committee of the Board continues to work. In light of the challenging macro economic environment and tighter credit markets, the timetable has been extended. We will continue to update you as necessary and we will not comment beyond this statement at this time.

Our January business had little effect on comparable sales results we reported back in January on our holiday sales call. The fourth quarter comp store sales finished down 12%. We also recorded certain noncash charges during the quarter, which we noted in our press release. John will speak to these later, but first Jim will update you on the final sales figures for the quarter and provide some color on the business.

Jim?

Jim Litwak - Trans World Entertainment Corp. - President and COO

Thank you, Bob. Good morning.

Total sales in the fourth quarter decreased 23% to $452 million. As a reminder, there was an extra week's results in the fourth quarter and annual period in 2006. Comp sales for the quarter were down 12%. By category, our fourth quarter comp sales were down 28% in music and down 6% in home video. Comp sales increased 9% in video games and increased 11% in our other categories, which include electronics, accessories and

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Mar. 06. 2008 / 10:00AM ET, TWMC - Q4 2007 Trans World Entertainment Corp. Earnings Conference Call

trend. In music, we saw poor performance in new releases as well as the continued decline of the category overall. Our top 50 in music was down 35% in the fourth quarter 2007 compared to last year. Home video sales were also impacted by poor performance in new releases. Our top video - our top 50 in video was down 12% in Q4 as compared to last year.

Video games performed well during the quarter due to improved hardware allocations of Wii, PS3 and Nintendo DS Lite, as well as improved software sales. There continues to be greater opportunity in this category, as availability expands during the next year. Comp sales in our other categories increased 11% on a combined basis during the quarter, and represented 15% of our business during the quarter compared to 11% last year. We are continuing the transformation of our business from one that was once dominated by music to one that is a full entertainment center for customers.

Moving on to results for the full fiscal 2007 year, total sales decreased 14% to $1.27 billion and a comp store sales - and comp store sales decreased 8%. For the year, our comp sales in music were down 23%, and the category represented 39% of our business, down from 46% in 2006. Comp sales in home video increased 1% during 2007, and the category represented 39% of our business, up from 36% in 2006. Comp sales in video games were up 8%, and the category represented 9% of our business, up from 8% in 2006. The other categories of electronics, accessories and trend comped up 14% for the year, and represented 13% of our total business, up from 10% in 2006. Within this category, we experienced particularly comparable sales in trend, which was an area focus for the company this year. The accelerated increase in these categories has helped us broaden our mix of entertainment products.

John will now take you through our financial results in more detail.

John Sullivan - Trans World Entertainment Corp. - CFO

Thank you, Jim, good morning.

I will first address our quarterly results and then turn to our annual results. For the fourth quarter of 2007, the company recorded a net loss of $66 million, or $2.12 per share. This compares to net income of $37.8 million or $1.17 per share in the fourth quarter of 2006. Included in the net less were two significant noncash charges. The first established a full valuation allowance against our deferred tax assets, pursuant to statement of financial accounting standards number 109 accounting for income taxes.

Each of the fiscal years 2005 and 2006 had positive before tax earnings. However, when you take into account our 2007 loss, there is a cumulative loss for the three years from 2005 to 2007. It is in this situation that we are required to take the allowance. It is important to note, however, that the tax deductions that give rise to these assets are still available and can be used in future periods when we have taxable income. The recording of the valuation allowance occurs through the tax expense line, and equalled $43.4 million or $1.39 a share. The second noncash charge was the result of recording an impairment charge against certain long-lived assets, pursuant to financial accounting standards number 144, impairment of long-lived assets.

Our sales decline in the fourth quarter was a dramatic reversal of a trend toward improving comparable sales results over the first three quarters of 2007. This, coupled with the large loss we incurred for the year, led us to perform a test for impairment of store assets. The result was a charge totaling $30.7 million, or $0.99 per share for the quarter. This represented about 28% of our total fixed assets and 5% of our total assets. Our earnings in the quarter before the impairment charge, depreciation, amortization, interest and taxes was $40 million.

Turning our attention to operational matters, our gross margin rate for the quarter was 33.7% compared to 34.7% last year, a decline of 100 basis points. 50 basis points of the decline relates to the liquidation of inventory in 149 stores we closed in the quarter. 30 basis points is due to a lower cost to market markdown booked for clearance merchandise in the quarter. 10 basis points is due to distribution costs, and 10 basis points due to an increase in inventory shrink costs. The SG&A rate for the quarter was 24.7% compared to 23.3% last year, an increase of 140 basis points. SG&A dollars decreased by $25.3 million or 18%.

60 basis points of the increase relates to severance costs incurred for the closedown of our Canton distribution facility, our fixture manufacturing facility, and the 149 stores closed in the quarter. 30 basis opponents relates to the impact of operating expenses in the stores closed during the quarter on the company, as they operate at a higher ratio to sales, and 50 basis points is due to the loss of leverage on our fixed costs on the decline in sales. Interest expense was $1.3 million in the quarter versus $1.4 million last year. The decrease was due to lower interest rates on our revolving line of credit.

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Mar. 06. 2008 / 10:00AM ET, TWMC - Q4 2007 Trans World Entertainment Corp. Earnings Conference Call

Moving on to the full fiscal year 2007, our net loss was $99.4 million or $3.20 per share. You may recall on our holiday sales call held on January 9, we indicated an annual loss between 15 and $20 million. If we exclude the noncash charges booked at year-end, and the impact the entries had on our final annual tax rate, we fell within that range. This compares to net income of $11.7 million or $0.36 per share in 2006. Our annual gross margin was 35.2%, slightly less than last year's 35.3%.

SG&A dollars were $49.2 million less than last your, or 10% less. This was not enough to offset the impact of the lower sales, as our expense rate increased to 34.2% from 32.8% in 2006. Interest expense was $6.1 million compared to $5.5 million last year. Our higher average borrowings were offset somewhat by lower interest rates in the latter part of the year.

Looking at our year-end 2007 balance sheet, we finished the year with cash balances of $75 million compared to $119 million last year. Our year end inventory position was $440 million, down from last year's $505 million. On a square foot basis, inventory was $86 a foot compared to last year's $85 a foot. After the seasonal pay down of accounts to vendors, we are currently borrowing on our line of credit at $20 million, which is $31 million less than where we were last year at this time.

As we go through 2008, we expect to have outstanding balances on our line less than last year's levels. This is largely due to the working capital that has been freed up from closed stores, which is equal to about $30 million. Having one less distribution center will reduce our inventory by another 20 to $30 million upon the final disposition of the inventory that was maintained there. During the fourth quarter we closed 149 stores, ending the year with 813 stores in operation, occupying 5.1 million square feet. This compares to 992 stores and 6 million square feet at the end of 2006.

I will now turn it back to Bob to provide you with our outlook for 2008.

Bob Higgins - Trans World Entertainment Corp. - Chairman and CEO

Thank you, John.

2007 was a very difficult year. Our transition to a full entertainment retailer is taking longer than expected. We were encouraged after the first three quarters of 2007 by an improving trend, as our comp sales declines were progressively less. At this time, certain categories of the business were doing very well. Then in the fourth quarter, our business turned rather dramatically. The declines in music continue at a far faster pace than we expected, and the economy grew weaker.

Our core strategy is still the right one, which centers on strengthening our brand, increasing sales in our core categories while expanding other entertainment product lines, improving our selling culture and improving the in-store experience and visual presence. While we work to improve our results, we continue to focus on the management of inventory and cash to provide the needed capital as we work through our transition. We are confident that along with our efforts to shed unprofitable stores and lower our expenses, we will improve our results.

We are mapping our business in 2008 to negative mid-single digit comp sales performance, and a total sales decline of approximately 17% due to a lower average store count. Gross margin is expected to be at the same rate as 2007, as we leverage our distribution costs to offset declines in rates due to a shift in our business. We will continue to focus on reducing expenses in line with sales, and expect EBITDA to come in between 5 and $10 million for the year.

I will close by saying we are committed to improving our performance in 2008. We are making the necessary adjustments and will continue to do so.

Now I'd like to open up the call to any questions anyone has. Howard?

QUESTION AND ANSWER

Operator

(OPERATOR INSTRUCTIONS)

Our first question or comment comes from the line of Matthew Fassler from Goldman Sachs. Your line is open, sir.

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Mar. 06. 2008 / 10:00AM ET, TWMC - Q4 2007 Trans World Entertainment Corp. Earnings Conference Call

Matthew Fassler - Goldman Sachs - Analyst

Thanks a lot, good morning gentlemen.

Bob Higgins - Trans World Entertainment Corp. - Chairman and CEO

Thank you.

Matthew Fassler - Goldman Sachs - Analyst

A couple of questions from you. First of all, on the merchandising front we had heard about some video game console shortages in January. JIm, I am curious if that was an issue for you, if you saw that in any way?

Jim Litwak - Trans World Entertainment Corp. - President and COO

It was a lesser issue for us, frankly, in January than it was in fourth quarter and we're starting to see that open up more so. So we think the market will be - as we go forward through '08, we feel confident that the market will be more open to us in regards to procuring the hardware product.

Matthew Fassler - Goldman Sachs - Analyst

So X-Box shortages didn't really impede you in the early part of this calendar year?

Jim Litwak - Trans World Entertainment Corp. - President and COO

You know, it was not really material, Matt, for January.

Matthew Fassler - Goldman Sachs - Analyst

Gotcha. Secondly, Bob, as you think about the real estate game plans, what is your thought process on the rough number of stores that you think you would close, and any color on the mix of stores that you would exit?

Bob Higgins - Trans World Entertainment Corp. - Chairman and CEO

We are going continue - you know, over the last 10 years we have averaged about 100 closures a year. You know, right now, I think the key is as we have stores expiring that our unprofitable stores, what kind of deal we can make with the landlord. Since the landlords have a number of closures today, I think we will be in a favorable environment there. So it is just hard for us to say right now on the store count, but we will not keep stores open that are not profitable stores.

Matthew Fassler - Goldman Sachs - Analyst

Gotcha. Okay, thanks so much.

Operator

Our next question or comment comes from the line of Ian Corydon from B. Riley & Company. Your line is open, sir.

Ian Corydon - B. RIley & Company, Inc. - Analyst

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Mar. 06. 2008 / 10:00AM ET, TWMC - Q4 2007 Trans World Entertainment Corp. Earnings Conference Call

Thanks. A question on the store closures. Could you talk about how much of that inventory was liquidated or returned to vendors, and what your feelings were on the margins you were able to get out of those products?

Bob Higgins - Trans World Entertainment Corp. - Chairman and CEO

Basically, it takes - you know, the majority of the stores were closed in January, so it takes a few months before you really see the impact of the inventory that you are returning to vendor or recycling through your system to use because it is inventory that you can use. What we do is when we have nonreturnable products such as trend merchandise, and merchandise like that, we are a little more aggressive on the sales of that at the store, and then what is left, we do transfer in the same district so that we can sell it off at marked-down prices. So it takes probably - probably a 90-day cycle before we see the real impact of the inventory. And the other thing I think is important, not just to stores, is the Canton DC, which we stopped shipping out of to stores at the end of January. That has got inventory in it that we have repositioned out of there, and some of that has not yet been returned to manufacturers, or we have a situation where we're using hat up and it is better for us to use it up than return it, and that takes another - you know, that takes about 90 days or so before we see the impact of that. So we think we will see some good inventory reductions from the store closings on a fairly timely basis.

Ian Corydon - B. RIley & Company, Inc. - Analyst

Okay. And I do have a follow-up on the DC. How much inventory did you say is there, and then how long will it take before you stop operating the facility? And if you can give us any sense for what the operating costs are for the facility?

Bob Higgins - Trans World Entertainment Corp. - Chairman and CEO

That facility stopped operating as far as shipping to stores as of February. All the merchandise will be out of there by the end of this month. And we had about - I think we had a little over $30 million, or about $30 million when we stopped shipping out of there, and that is the merchandise that we are transferring to our other two DCs, as well as recirculating through the system. As far as the cost of operations of that DC, John, do you want to comment on that?

John Sullivan - Trans World Entertainment Corp. - CFO

It is about $2 million that gets taken out of the system. Some of the variable expenses for the picking operation, what have - gets transferred to the other two distribution centers. But as far as the overall expense reduction, it is about $2 million.

Ian Corydon - B. RIley & Company, Inc. - Analyst

That's annual?

John Sullivan - Trans World Entertainment Corp. - CFO

Yes.

Bob Higgins - Trans World Entertainment Corp. - Chairman and CEO

The other thing that I think is important is that we are selling that distribution center. We owned it without any mortgage or anything.

Ian Corydon - B. RIley & Company, Inc. - Analyst

Do you have an estimate for the book value or estimated sales price?

Bob Higgins - Trans World Entertainment Corp. - Chairman and CEO

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Mar. 06. 2008 / 10:00AM ET, TWMC - Q4 2007 Trans World Entertainment Corp. Earnings Conference Call

We would rather not say at this time, but we hope that something is finalized by the next quarterly call.

Ian Corydon - B. RIley & Company, Inc. - Analyst

Thank you.

Operator

(OPERATOR INSTRUCTIONS) Mr. Higgins, I am showing no additional questions or comments in the queue at this time, sir.

Bob Higgins - Trans World Entertainment Corp. - Chairman and CEO

Okay, Howard. Well, thank you everyone for your time this morning. We look forward to giving you an update on the results at the end of our first quarter. Thank you very much.

Operator

Ladies and gentlemen, thank you for participating in today's conference. This concludes the program. You may now disconnect. Everyone have a wonderful day.

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