/PRNewswire-FirstCall/ -- Trans World Entertainment Corporation (Nasdaq: TWMC) today announces that the Company's Shareholders Rights Plan expired in accordance with its terms on
July 31, 2010
. The Company currently does not have any plans to adopt a new shareholders' rights plan.
Robert J. Higgins
's Chairman and Chief Executive Officer, said, "The Board's actions are part of
's corporate governance policies and practices, and followed an in-depth evaluation of the issue by the Board and careful consideration of shareholder sentiment."
Trans World Entertainment is a leading specialty retailer of entertainment software, including music, video and video games and related products. The Company operates retail stores in
the United States
District of Columbia
U.S. Virgin Islands
, primarily under the names
for your entertainment
and on the web at
Certain statements in this release set forth management's intentions
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