**EXHIBIT 31.0**

 

**RULE 13a-14a/15d-14(a) CERTIFICATION OF THE**

**CHIEF EXECUTIVE OFFICER/CHIEF FINANCIAL OFFICER**

 

I, Rami S.Ramadan, the Chief Executive Officer/Chief Financial Officer of Trans WorldCorporation, certify that:

 

1. I have reviewedthis annual report on Form 10-K of Trans World Corporation;

 

2. Based on myknowledge, this annual report does not contain any untrue statement of amaterial fact or omit to state a material fact necessary to make the statementsmade, in light of the circumstances under which such statements were made, notmisleading with respect to the period covered by this annual report;

 

3. Based on myknowledge, the financial statements, and other financial information includedin this annual report, fairly present in all material respects the financialcondition, results of operations and cash flows of the registrant as of, andfor, the periods presented in this annual report;

 

4. I amresponsible for establishing and maintaining disclosure controls and procedures(as defined in Exchange Act Rules 13a-15(e) and 15 d-15(e)) andinternal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and15d-15(f)) for the registrant and I have:

 

a) designed suchdisclosure controls and procedures, or caused such disclosure controls andprocedures to be designed under my supervision, to ensure that materialinformation relating to the registrant, including its consolidatedsubsidiaries, is made known to me by others within those entities, particularlyduring the period in which this annual report is being prepared;

 

b) designed such internalcontrol over financial reporting, or caused such internal control overfinancial reporting to be designed under my supervision, to provide reasonableassurance regarding  the reliability offinancial reporting and the preparation of financial statements for external purposes in accordance with generallyaccepted  accounting principles;

 

c) evaluated theeffectiveness of the registrant’s disclosure controls and procedures andpresented in this annual report my conclusions about the effectiveness of thedisclosure controls and procedures, as of the end of the period covered by thisannual report based on such evaluation; and

 

d) disclosed in thisannual report any material changes in the registrant’s internal control overfinancial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourthfiscal quarter in the case of this annual report) that has materially affected,or is reasonably likely to materially affect, the registrant’s internal controlover financial reporting; and

 

5. I havedisclosed, based on my most recent evaluation of internal control overfinancial reporting, to the registrant’s auditors and the audit committee ofregistrant’s board of directors (or persons performing the equivalentfunctions):

 

a) all significant deficiencies and materialweaknesses in the design or operation of internal control over financialreporting which are reasonable likely to adversely affect the registrant’s ability to record, process, summarizeand report financial information;  and

 

b) any fraud, whether ornot material, that involves management or other employees who have asignificant role in the registrant’s internal control over financial reporting.

 
| Date:  | March 12,  2009 | By:                                              | /s/ Rami S.  Ramadan |
|--------|----------------------|--------------------------------------------------|----------------------|
|   |                 | Chief  Executive Officer/Chief Financial Officer |

 

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