EXHIBIT INDEX APPEARS ON PAGE 21


                     U.S. SECURITIES AND EXCHANGE COMMISSION

                               Washington, DC  20549

                                    FORM 10-QSB

                 Quarterly Report Under Section 13 or 15(d) of the
                          Securities Exchange Act of 1934

                 For the quarterly period ended March 31, 2005

                          Commission File Number: 0-17170


                                TELVUE CORPORATION
         (Exact name of small business issuer as specified in its charter)




           DELAWARE                                     51-0299879
(State or other jurisdiction of                      (I.R.S. Employer
incorporation or organization)                      Identification No.)



16000 Horizon Way, Suite 500
Mt. Laurel, New Jersey                                      08054
(Address of principal executive offices)                  (Zip Code)

Issuer's telephone number, including area code:(856) 273-8888

Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or
for such shorter period that the issuer was required to file such reports)
and (2) has been subject to such filing requirements for the past 90 days.
Yes   X   No
    ------   ------

Number of shares of registrant's common stock outstanding as of April 29,
2005: 24,857,274 shares.

Transitional Small Business Disclosure Format:  Yes       No   X
                                                  ------   ------
This report includes a total of 25 pages.


                         TELVUE CORPORATION

                                       INDEX

                                                                      PAGE
                                                                       NO.
                                                                      -----

PART I.   FINANCIAL INFORMATION

          Item 1.  Financial Statements

          Balance Sheets as of March 31, 2005
          (unaudited) and as of December 31, 2004

          Statements of Operations for the three
          months ended March 31, 2005 (unaudited)
          and March 31, 2004 (unaudited)

          Statements of Cash Flows for the three
          months ended March 31, 2005 (unaudited)
          and March 31, 2004 (unaudited)

          Notes to Financial Statements (unaudited)

          Item 2.  Management's Discussion and Analysis or Plan of
                   Operation

          Item 3.  Controls and Procedures


PART II.  OTHER INFORMATION

          Item 5.  Other Information

          Item 6.  Exhibits

<Page>
<Table>
PART I.  Financial Information
ITEM I.  Financial Statements
                                 TELVUE CORPORATION
                                   BALANCE SHEETS

                                                 March 31,     December 31,
                                                   2005            2004
                                               -------------   -----------
<S>                                              <C>             <C>

ASSETS                                         (Unaudited)           *

CURRENT ASSETS
  Cash and cash equivalents                     $   859,431     $1,206,219
  Accounts receivable - trade, net of allowance
   of $82,048 at March 31, 2005 and
   $82,701 at December 31, 2004                     419,505        483,045
  Other current assets                               76,589         30,327
  Current assets from discontinued operations          -            48,572
                                                -----------     ----------
     TOTAL CURRENT ASSETS                         1,355,525      1,768,163

PROPERTY AND EQUIPMENT
  Machinery and equipment                         5,802,320      5,719,740
  Less accumulated depreciation                   5,434,970      5,405,245
                                                -----------     ----------
                                                    367,350        314,495

OTHER ASSETS                                          8,800          8,800

                                                 ----------     ----------
                                                 $1,731,675     $2,091,458
                                                 ==========     ==========

LIABILITIES AND STOCKHOLDERS' DEFICIT

CURRENT LIABILITIES
  Notes payable - current                        $  541,000     $  541,000
  Accounts payable - trade                           55,891        101,958
  Accrued expenses                                  174,121        267,007
  Accrued dividends payable                       3,061,269      2,955,708
  Current liabilities from discontinued
    operations                                          777          8,948
                                                -----------     ----------
     TOTAL CURRENT LIABILITIES                    3,833,058      3,874,621

REDEEMABLE CONVERTIBLE PREFERRED STOCK, $1 par
  value, 6,900,000 shares authorized,
  3,518,694 shares issued and outstanding
  (liquidation value of $6,579,963)               3,518,694      3,518,694

COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS' DEFICIT
  Common stock, $.01 par value, 100,000,000
  shares authorized, 24,857,274 shares issued
  and outstanding at March 31, 2005 and
  December 31, 2004, respectively                   248,573        248,573
  Additional paid-in capital                      1,588,953      1,588,953
  Accumulated deficit                            (7,457,603)    (7,139,383)
                                                 -----------    -----------
                                                 (5,620,077)    (5,301,857)
                                                 -----------    -----------
                                                 $1,731,675     $2,091,458
                                                 ===========    ===========
*  Derived from audited financial statements.

The accompanying unaudited notes are an integral part of these statements.


<Page>
                                   TELVUE CORPORATION
                                STATEMENTS OF OPERATIONS
                                       (UNAUDITED)


                                                    Three Months Ended
                                                       March 31,
                                              ----------------------------
                                                    2005            2004
                                                    ----            ----

REVENUES
  ANI Services                                 $   602,677     $   991,743
  TVTN Services                                     15,000           3,000
                                               -----------     -----------
                                                   617,677         994,743
COST OF REVENUES
  ANI Services                                     268,006         377,511
  TVTN Services                                     71,918          12,392
                                               -----------     -----------
TOTAL COST OF REVENUES                             339,924         389,903
                                               -----------     -----------
GROSS MARGIN                                       277,753         604,840

OPERATING EXPENSES
  Selling and marketing                            229,890         106,720
  General and administrative                       230,209         224,930
  Depreciation & amortization                       32,695          36,376
                                               -----------     -----------
                                                   492,794         368,026
                                               -----------     -----------
OPERATING INCOME (LOSS)                           (215,041)        236,814

OTHER INCOME (EXPENSE)
  Interest income                                    2,811             666
  Interest expense                                     -              (331)
                                                -----------     -----------
TOTAL OTHER INCOME (EXPENSE)                         2,811             335
                                                -----------     -----------

INCOME (LOSS) FROM CONTINUING OPERATIONS
  BEFORE INCOME TAXES                             (212,230)        237,149

INCOME TAX (EXPENSE) BENEFIT                          -           (103,853)
                                                ------------     ----------

INCOME (LOSS) FROM CONTINUING OPERATIONS          (212,230)        133,296

DISCONTINUED OPERATIONS
  Loss from operations of discontinued
   component                                          (429)        (37,375)
  Provision for income tax benefit                     -            14,875
                                                ------------     ----------
                                                      (429)        (22,500)
                                                ------------     ----------
NET INCOME (LOSS)                                 (212,659)        110,796

DIVIDENDS ON REDEEMABLE
  CONVERTIBLE PREFERRED STOCK                     (105,561)       (105,561)
                                                -----------    ------------
NET INCOME (LOSS) AVAILABLE TO
  COMMON STOCKHOLDERS                           $ (318,220)    $     5,235
                                                ===========    ============
BASIC NET INCOME (LOSS) PER COMMON SHARE
  FROM CONTINUING OPERATIONS                         $(.01)           $.00
  FROM DISCONTINUED OPERATIONS                         .00             .00
                                                     ------           -----
    TOTAL                                            $(.01)           $.00
                                                     ======           =====
DILUTED NET (LOSS) INCOME PER COMMON SHARE
  FROM CONTINUING OPERATIONS                         $(.01)           $.00
  FROM DISCONTINUED OPERATIONS                        (.00)            .00
                                                      -----           -----
    TOTAL                                            $(.01)           $.00
                                                     ======           =====
WEIGHTED AVERAGE NUMBER OF COMMON
SHARES OUTSTANDING
   BASIC                                         24,857,274      24,847,274
                                                 ==========      ==========
   DILUTED                                            -          55,675,351
                                                 ==========      ==========

The accompanying unaudited notes are an integral part of these statements.


                                   TELVUE CORPORATION
                                STATEMENTS OF CASH FLOWS
                                    (UNAUDITED)


                                                     Three Months Ended
                                                          March 31,
                                                    ---------------------
                                                     2005            2004
                                                     ----            ----

CASH FLOWS FROM OPERATING ACTIVITIES
  Net income (loss)                             $  (212,659)     $ 110,796
  Adjustments to reconcile net income to
   net cash provided (used) by operating
   activities:
    Depreciation & amortization                      32,695         48,672
    Deferred taxes                                      -           72,978
  Changes in assets and liabilities:
   Decrease (increase) in -
    Accounts receivable - trade                     112,112       (137,770)
    Inventory                                           -          101,199
    Prepaid income taxes                                -          (14,718)
    Other current assets                            (46,262)         3,728
   Increase (decrease) in -
    Accounts payable - trade                        (46,067)      (124,877)
    Accrued expenses                               (101,057)        17,506
    Deferred service revenue, net of expense            -           (9,851)
                                                 -----------    -----------
    NET CASH PROVIDED (USED) BY OPERATING
     ACTIVITIES                                    (261,238)        67,663
                                                 -----------    -----------

CASH FLOWS FROM INVESTING ACTIVITIES
  Purchases of property and equipment               (85,550)       (29,894)

CASH FLOWS FROM FINANCING ACTIVITIES
   Debt reduction - Notes payable - other               -          (39,953)
                                                 -----------    -----------
NET DECREASE IN CASH AND
  CASH EQUIVALENTS                                 (346,788)        (2,184)

CASH AND CASH EQUIVALENTS,
  BEGINNING OF PERIOD                             1,206,219        842,601
                                                 ----------     ----------
CASH AND CASH EQUIVALENTS, END OF PERIOD         $  859,431     $  840,417
                                                 ==========     ==========

The accompanying unaudited notes are an integral part of these statements.

</TABLE>
<Page>

                                     TELVUE CORPORATION
                               NOTES TO FINANCIAL STATEMENTS
                                     (UNAUDITED)

1.  BASIS OF PRESENTATION:
    ----------------------

Summary Financial Information and Results of Operations
--------------------------------------------------------

In the opinion of management, the accompanying unaudited financial statements
have been prepared in conformance with accounting principles generally
accepted in the United States of America and with the regulations of the
Securities and Exchange Commission and contain all adjustments (consisting
of only normal recurring adjustments) necessary to make the financial
statements not misleading and to present fairly the financial condition as of
March 31, 2005 and the results of operations for the three months ended March
31, 2005 and 2004 and cash flows for the three months ended March 31, 2005
and 2004.

Interim Financial Information
-----------------------------

While management believes that the disclosures presented are adequate to
prevent misleading information, these unaudited financial statements must be
read in conjunction with the audited financial statements and notes included
in the Company's Form 10-KSB report for the year ended December 31, 2004, as
filed with the Securities and Exchange Commission.

Prior period financial statements have been reclassified to conform with
current quarter presentation.

2. DISCONTINUED OPERATIONS:
    ------------------------

In the second quarter of 2004, the Company made a decision to discontinue
the business segment that operates under the name, Source Communications
Group ("Source").  Source functioned as a communications solution provider
and network integrator serving clients mainly in the Mid-Atlantic States.
This decision was made as a result of the ongoing losses produced by the
Source segment and the amount of time and resources required to run the
segment.  The Company has decided to use its time and resources to focus on
growing the TVTN business (see Part I, Item 2, of this report, "Management's
Discussion and Analysis or Plan of Operation").

The results for the Source segment have been classified as discontinued
operations for all periods presented in the Balance Sheet and Statements of
Operations.  Cash flows related to discontinued operations have not been
segregated in the Statement of Cash Flows.

The Balance Sheet detail of assets and liabilities from discontinued
operations at March 31, 2005 and December 31, 2004 is as follows:

                                   March 31,     December 31,
                                     2005            2004
                                 -------------   -----------
CURRENT ASSETS:
  Accounts receivable - trade     $    -          $  48,572
                                  =========       =========

CURRENT LIABILITIES:
  Accrued expenses                $    777        $   8,948
                                  =========       =========

The summarized results of discontinued operations for the three months ended
March 31, 2005 and 2004 are as follows:

                                             Three Months Ended March 31,
                                                 2005           2004
                                             -----------     -----------
Hardware sales and service                   $      -        $  462,511


Cost of hardware sales and service                              371,943
Selling, administrative and depreciation
 expenses                                           429         128,689
                                              ----------      ----------
                                                    429         500,632
                                              ----------      ----------
OPERATING LOSS                                     (429)        (38,121)

Interest income net of expense                      -               746
                                              ----------      ----------
LOSS FROM OPERATIONS BEFORE INCOME TAXES      $    (429)      $ (37,375)
                                              ==========      ==========

3.  GOODWILL:
          --------------

Effective January 1, 2002, the Company adopted SFAS No. 142, "Goodwill and
Other Intangible Assets", under which goodwill is no longer amortized but
instead is assessed for impairment at least annually.  In the second quarter
of 2004, management made a decision to discontinue the Source segment
operations due to the ongoing losses produced by the segment.  As a result
of this decision, the Company wrote off the remaining balance of the Source
goodwill on June 30, 2004, which amounted to $350,000.

4.  SUPPLEMENTAL CASH FLOW INFORMATION:
    -----------------------------------

Supplemental disclosures of cash paid during the period-

                                           2005           2004
                                           ----           ----
             Income taxes                $   -          $   -
             Interest                    $   -          $   342

Non-cash Investing and Financing Transactions
---------------------------------------------

The Company accrued dividends on its redeemable convertible preferred stock
of $105,561 for each of the three month periods ended March 31, 2005 and 2004.

5.  EARNINGS PER COMMON SHARE:
    --------------------------------

Basic earnings per common share is computed by dividing net income, after
deduction of preferred stock dividends, by the weighted average number of
shares of outstanding common stock.  Diluted earnings per common share is
computed by dividing net income, after the deduction of preferred stock
dividends, when applicable, by the weighted average number of shares of
outstanding common stock adjusted to include incremental common shares that
would have been outstanding if potentially dilutive common shares had been
issued.  Common equivalent shares are excluded from the computation in periods
in which they have an antidilutive effect.  Because of the net loss available
to common stockholders for the three months ended March 31, 2005, no potential
common shares are included in the computation of a diluted per share amount
since such potential common shares would not have a dilutive effect.  In
addition, convertible preferred stock has been excluded from the computation
for the three months ended March 31, 2004, because it has an antidilutive
effect.

The following is a reconciliation from basic earnings per share to diluted
earnings per share for the three months ended March 31, 2005 and 2004.
Incremental shares of 30,828,077 for the three months ended March 31, 2004,
were used in the calculation of diluted earnings per common share.


                                                      Average
                                                       Shares     Earnings
                                        Amount       Outstanding  Per Share
                                      ------------   -----------  --------
2005
Income (loss) from continuing
 operations,  less dividends
 on preferred stock                   $ (317,791)    24,857,274     $(.01)
                                      ==========     ==========    =======

2004
Net income available to common
  stockholders                        $    5,235     24,847,274     $ .00
Effect of dilution
  Warrants                                  -        29,915,160
  Vested unexercised stock options          -           912,917
                                      -----------    ----------    -------
Diluted                               $    5,235     55,675,351     $ .00
                                      ===========    ==========    =======


6.  DIVIDENDS ON REDEEMABLE CONVERTIBLE PREFERRED STOCK:
    ----------------------------------------------------

As of March 31, 2005, accrued dividends on outstanding preferred stock
amounted to $3,061,269.

7.  CORPORATE INCOME TAXES:
    -----------------------

The Company uses the asset and liability method of accounting for income
taxes in accordance with Financial Accounting Standards Board Statement
(SFAS) No. 109, "Accounting for Income Taxes".  SFAS 109 requires
recognition of deferred tax assets and liabilities for the expected future
tax consequences of events that have been recognized in the financial
statements or tax returns.  Under this method, deferred tax liabilities and
assets are determined based on the differences between the financial
statement carrying amounts and tax bases of assets and liabilities using
enacted tax rates in effect in the years in which the differences are
expected to reverse.  Differences between financial reporting and tax bases
arise most frequently from differences in timing of income and expense
recognition.  Deferred income tax expense is measured by the change in the
net deferred income tax asset or liability during the year.

The provisions for income tax (expense) benefit from continuing operations
for the three months ended March 31, 2005 and 2004 consist of the following
components:

                                                  2005               2004
                                              -----------        ----------
Current
 Federal                                       $    -             $   -
 State                                              -              (16,000)
                                              -----------        ----------
                                                    -              (16,000)
Deferred
 Federal                                          72,159            (5,717)
 State                                            19,896           (67,261)
                                               ----------        ----------
                                                  92,055           (72,978)
Valuation allowance increase                     (92,055)              -
                                               ----------        ----------
                                                     -             (72,978)
                                               ----------        ----------
                                               $     -           $ (88,978)
                                               ==========        ==========

At March 31, 2005, TelVue recorded an increase in valuation allowance of
$92,055 to reduce its deferred tax asset to zero.  The valuation allowance
was recorded due to the uncertainty as to whether future net income would be
generated that would utilize TelVue's net operating loss carry forward.
TelVue's federal net operating loss carry forward was approximately
$1,870,000 on a tax-reporting basis as of March 31, 2005.  The carryforward
will begin to expire in 2010, if not utilized.

8.  NOTES PAYABLE AND ACCRUED INTEREST:
    ----------------------------------

Note Payable - Dacon Corporation d/b/a Source Communications Group
------------------------------------------------------------------

On March 9, 2001, the Company acquired the assets of Source Communications
Group ("Source") for $1.3 million. The assets, which consisted primarily of
material contracts with equipment, software and communication service
providers, were purchased for $1,000,000 in cash and $300,000 pursuant to a
promissory note. The promissory note had a term of three years.  Interest
only was payable monthly during year one at the rate of 8% per annum.
Beginning in year two, both principal and interest were payable monthly at
the rate of 5.06% per annum. This note was paid in its entirety during March
2004.

Note Payable - Ford Motor Credit Corp
-------------------------------------

In March 2001, the Company purchased a van for $21,402 to be used for
installations related to the Source business.  The Company paid cash of
$8,402 and financed the balance of $13,000.  The loan was payable monthly
in the amount of $390, including principal and interest, had a term of
three years and bore interest at 5% per annum.  This note was paid in its
entirety in March 2004.

9.  COMMITMENTS AND CONTINGENCIES
    -----------------------------

The Company has received notice from a cable operating company customer
asserting its right to be indemnified against claims of patent infringement
made against the cable operator by a third party.  The third party has
alleged to the cable operator that portions of the cable operator's pay-
per-view operations infringe one or more patents held by such party.  The
Company has not received any notice of alleged infringement from the third
party.  The Company has retained independent patent counsel to review the
third party patents and the alleged infringement.  The Company is unable at
this time to determine if it has liability under the indemnity provisions
of the contracts with the cable operator or the amount of such liability if
it exists.

The Company provides ANI Service to Adelphia Communications ("Adelphia").
Adelphia filed for Chapter 11 bankruptcy on June 25, 2002.  Pre-bankruptcy
outstanding accounts receivable from Adelphia of $157,210 are due to the
Company.  During the fourth quarter of 2002, the Company established a bad
debt reserve of $78,605, representing 50% of the outstanding balance due
from Adelphia as of the bankruptcy filing date on June 25, 2002.  It is not
known when the Company will receive payment for the Adelphia pre-bankruptcy
billings or if the billings will be paid in their entirety.  The 50% bad debt
reserve is management's estimate of the potentially uncollectable portion.
Any billings subsequent to the bankruptcy filing date should be paid under
the Company's terms of net 20 days.

10. FINANCIAL DATA BUSINESS SEGMENT
   -------------------------------

Based on the criteria set forth in SFAS No. 131 "Disclosures about Segments
of an Enterprise and Related Information", the Company operates two business
segments.  One segment is a marketing and service division, which sells
automatic number identification ("ANI") telecommunications services to the
cable television industry.  The other segment is a system for displaying a
fully automated TV station-like display on a cable system access channel
using computer based digital technology ("TVTN").

Summarized financial information by reporting segment as of and for each of
the three months ended March 31, 2005 and 2004, is as follows:

Three months ended March 31, 2005         ANI          TVTN          Total
------------------------------------   ----------  -----------   ----------
Revenues                               $  602,677  $   15,000    $  617,677
Operating income (loss)                    57,659    (272,700)      215,041
Income (loss) before income taxes          60,470    (272,700)     (212,230)
Capital expenditures                        8,962      76,588        85,550


Three months Ended March 31, 2004         ANI           TVTN        Total
------------------------------------   ----------   ----------   ----------
Revenues                               $  991,743   $    3,000   $  994,743
Operating income (loss)                   304,799      (67,985)     236,814
Interest expense                              331           -           331
Income (loss) before income taxes         305,134      (67,985)     237,149
Capital expenditures                          -         28,323       28,323

11. RELATED PARTY TRANSACTIONS
    --------------------------

During the three months ended March 31, 2004, Neil Heller, a former Director
of TelVue who resigned on September 10, 2004, served as a consultant to TelVue
through The Heller Group to provide a business analysis for the TVTN (TelVue
Virtual Television Networks) product and service.  TelVue paid The Heller
Group $50,000 for its services which were completed in the first quarter of
2004.

12  SUBSEQUENT EVENT
    ----------------

On April 27, 2005, TelVue entered into a Line of Credit Note (the "Note") with
its majority stockholder, H.F. (Gerry) Lenfest.  Under the terms of the Note,
the Company may borrow, from time to time, up to the maximum principal amount
of the Note which is $3,800,000.  The minimum advance under the Note is
$100,000 and the interest rate of the Note is equal to the prime rate plus
one percent (1%).  The Note contains customary events of default, including,
among others, non-payment of principal and interest and in the event the
Company is involved in certain insolvency proceedings.  In the event of a
default, all of the obligations of the Company under the Note may be declared
immediately due and payable.  The line of credit is unsecured and will expire
six years from the date of the first advance under the Note unless extended
or renewed.

<PAGE>

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

OVERVIEW OF COMPANY:

    TelVue operates two business segments.  One segment is a marketing and
service company which sells automatic number identification ("ANI")
telecommunications services to the cable television industry for the automated
ordering of pay-per-view features and events (the "ANI Service"). The other
segment is a system for displaying a fully automated TV station-like display
on a cable system access channel using computer based digital technology
(the "TVTN Service").  TelVue had previously operated a business segment
under the name, Source Communications Group ("Source"), which functioned as
a communications solution provider and network integrator serving clients
mainly in the Mid-Atlantic States.  In the second quarter of 2004, TelVue
made a decision to discontinue the Source segment operations.

     The ANI Service permits cable television companies to process special
ordering services without the attendant high-manpower requirements or extensive
physical plant and facilities that are otherwise required.   TelVue provides
the ANI Service through equipment it purchases. TelVue's equipment for
providing the ANI Service nationwide is located at TelVue's home office in Mt.
Laurel, New Jersey.  The equipment provides enhanced service features, such
as, "Custom Greeting" which identifies the cable operator by name, "Title
Speak" which speaks the movie or event title, start-time and channel
appearance on accepted orders, and "Call Redirect" which automatically
redirects unaccepted order calls to the cable operator's customer service
representative for assistance.  TelVue believes these enhanced service
features are necessary for it to remain competitive within the pay-per-view
ANI industry.  The equipment also speaks promotional messages for products
and services at the time a cable subscriber is placing an order for a pay-
per-view movie or event (the "PPV+ service").  TelVue serves cable television
systems across the United States via trunk lines and data circuits that it
currently leases from MCI. TelVue believes it receives a favorable trunk
usage rate from MCI.

     TelVue has developed a new product and service called TVTN and has
applied for a patent for the product.  TVTN is a system for displaying a
fully automated TV station-like display on a cable system access channel
using computer based digital technology. TVTN displays the programming as
graphics, text, imbedded music, and pictures with voice narration and can
run full motion video clips.  TelVue is currently marketing TVTN to municipal
governments as a means of providing richer and more robust TV programming for
their local Cable TV Government Access Channels.  Currently, most
municipalities use a simple TV display made up of only text messages with
background music. TelVue charges the municipalities monthly support fees
along with a one-time installation and programming fee.

     Source was acquired on March 9, 2001 for $1.3 million pursuant to
TelVue's acquisition of the assets of J.D. Kraengel and Associates, Inc.
f/k/a Dacon Corporation d/b/a Source Communications Group, a Delaware
corporation located in Mullica Hill, NJ.  The Source segment sold and
installed computer related equipment, network systems, software, and data
communications equipment.  In the second quarter of 2004, TelVue made a
decision to discontinue the Source segment operations.  The decision to
discontinue the Source segment was made as a result of the ongoing losses
produced by the segment and the amount of time and resources required to
run the segment.  TelVue made an effort to sell a portion of the Source
segment but was not successful.  As of December 31, 2004, all Source
operations ceased.  TelVue has redirected its time and resources to growing
the TVTN business, which it believes will be more profitable.

RESULTS OF OPERATIONS:

     The following discussion deals, at some length, with the decrease in
operating income for three months ended March 31, 2005 compared to March 31,
2004, and the reasons for the decrease.  TelVue further discusses the
continuing erosion in buy rates and the significant loss of a large portion
of its subscriber base for the ANI Service caused mostly by cable operator's
aggressive movement to digital services which limits the number of analog pay-
per-view channels available for content and allows the cable operator's
customers to order digital pay-per-view or video on demand via the set top
box.  TelVue also discusses the marketing of its new TVTN Service and the
discontinuance of the operations of the Source segment.

     The ANI segment had operating income of $57,659 for the three months
ended March 31, 2005 compared to operating income of $304,799 for the three
months ended March 31, 2004. The decrease in operating income was partially
due to a decrease in ANI Service revenue of $389,066 for the three months
ended March 31, 2005 when compared to the same period of 2004.  As expected,
pay-per-view buy revenue decreased $80,572, and feature and data link revenue
decreased $288,322.  These decreases were mainly due to a reduction in the
number of subscribers served during the three months ended March 31, 2005 (as
discussed below).  In addition to the reduction in subscribers, the decrease
in pay-per-view buy revenue was due in part to a continuing reduction in the
average monthly buy rate from 3.7% to 3.4% for the three months ended March
31, 2004 and 2005, respectively.  TelVue believes there is a loss of focus by
cable operators on the pay-per-view product line, primarily because of the
amount of time cable operators are spending on promoting new product lines
such as digital service and high-speed Internet access.  ANI cost of
revenues decreased $109,505 for the three months ended March 31, 2005 when
compared to the same period of 2004.  This decrease was partially due to a
reduction in trunk and data link expenses of $84,384 as a result of serving
fewer subscribers and a reduction in technical payroll and payroll taxes and
benefits of $18,168 as a result of fewer ANI technicians being employed by
TelVue during the three months ended March 31, 2005, when compared to the
same period of 2004. Selling expenses related to the ANI Service decreased
$61,609 mainly as a result of moving marketing and sales personnel to the
TVTN segment as well as allocating the newly appointed President and CEO's
payroll and expenses to general and administrative expenses.  General and
administrative expenses increased $47,029 predominantly as a result of the
reallocation of selling and marketing payroll.

     As of March 31, 2005, TelVue was serving approximately 17.5 million
full-time cable subscribers compared to approximately 19.5 million full-time
cable subscribers served as of March 31, 2004.  During the three months ended
March 31, 2005, approximately 500,000 subscribers cancelled the ANI Service
and only 1,500 new subscribers were added to the ANI Service.  The cable
operators cancelled the ANI Service primarily as a result of moving their
subscribers onto two-way digital service which allows the cable operator
to process ordering of pay-per-view movies and events directly from its
customers without using TelVue's ANI Service.  Management believes the
long-term effects of deployment of digital two-way service will negatively
impact the TelVue ANI Service.

     Included in the 17.5 million subscribers served by TelVue are 11.2
million Dish Network subscribers.  Dish Network informed TelVue in 2003
that it will do its ANI order processing internally and has been transition-
ing its subscribers onto its internal network. In the fourth quarter of
2003, Dish Network transitioned its adult product traffic onto their
internal network.  Dish Network initially planned to have its remaining
sports/event and movie traffic moved onto its internal network during 2004,
however they have continued to extend this time line. Dish Network plans to
have its remaining subscribers moved onto their internal network sometime
during 2005.  Dish Network intends to continue to use TelVue for its monthly
speech recording. Currently, Dish Network contributes approximately 12% to
TelVue's monthly ANI Service revenue.  When Dish Network has completed its
transition period, the total number of subscribers TelVue serves will be
depleted by approximately 11.2 million, and the annual service revenue will
be reduced by a net amount in the range of approximately $205,000 to
$235,000.  As of July 1, 2004, Adelphia Communications discontinued using
TelVue's ANI Service.  Adelphia is processing its ANI orders internally.
TelVue served 1.5 million Adelphia subscribers and Adelphia contributed
approximately 25% to TelVue's monthly ANI Service revenue, or $1.1 million
annually.  As a result of the cable subscriber cancellations and the pending
cancellation of Dish Network, TelVue expects to continue to experience a
decrease in revenue and net income for its ANI segment.

     The TVTN segment had an operating loss of $272,700 for the three months
ended March 31, 2005 compared to an operating loss of $67,985 for the three
months ended March 31, 2004. TVTN Service revenue was $15,000 and $3,000 for
the three months ended March 31, 2005 and 2004, respectively.  Cost of
revenues for the TVTN Service increased $59,526 for the three months ended
March 31, 2005 compared to the three months ended March 31, 2004, mainly as a
result of payroll for additional production and design personnel.  Selling
expenses related to the TVTN Service increased $172,028 for the three months
ended March 31, 2005 when compared to the three months ended March 31, 2004.
The increase is predominately a result of additional sales personnel hired
to aggressively market and sell the TVTN Service.  To help speed TVTN
penetration, shorten the sale cycle, and assist clients in finding funding
for the TVTN Service, TelVue began offering in January 2005 a sponsorship
program that finds local businesses as sponsors or underwriters for TVTN
clients to help defray TVTN charges.  In return, the TVTN client places an
acknowledgement of the sponsor's support on its town or school's access
channel. TelVue believes that many towns will adopt this method of funding
TVTN charges.  As of March 31, 2005, TVTN was serving eleven customers and
had eleven closed sales in production.  A majority of the closed sales in
production are from clients under the new sponsorship model.  TelVue is
initially marketing the TVTN Service regionally in New Jersey, Pennsylvania
and Delaware.  TVTN general and administrative expenses decreased $23,495.
During the three months ended March 31, 2004, Included in the TVTN expenses
was a consulting fee of $50,000 paid to The Heller Group, a firm who was
engaged to develop a business strategy for the TVTN product and service
(see Note 11 of TelVue's accompanying financial statements).  No such
expense was incurred during the three months ended March 31, 2005.

     There was a loss from discontinued operations before income tax benefit
from the Source segment of $429 and $37,375 for the three months ended
March 31, 2005 and 2004, respectively.  There was a provision for income
tax benefit related to the Source discontinued segment of $0 and $14,875
for the three months ended March 31, 2005 and 2004, respectively.

     TelVue had a net loss of $212,659 for the three months ended March
31, 2005 compared to net income of $110,796 for the three months ended
March 31, 2004.  TelVue recorded an income tax benefit before valuation
allowance increase of $92,055 for the three months ended March 31, 2005
and income tax expense of $88,978 for the three months ended March 31,
2004.  At December 31, 2004, TelVue recorded a valuation allowance of
$660,531 to reduce its deferred tax asset to zero.  TelVue has also
recorded a valuation allowance of $92,055 for the three months ended
March 31, 2005.  The valuation allowances were recorded due to the
uncertainty as to whether future net income would be generated that would
utilize TelVue's net operating loss carry forward.  TelVue's federal net
operating loss carry forward was approximately $1,870,000 on a tax-
reporting basis as of March 31, 2005 (see Note 7 of TelVue's accompanying
financial statements).

     During the three months ended March 31, 2005, TelVue purchased
$85,550 of equipment compared to $29,894 purchased during the three months
ended March 31, 2004.  The majority of the equipment purchased during the
three months ended March 31, 2005 and 2004, was for custom programming and
equipment related to the TVTN Service.  Depreciation and amortization
expense decreased $3,681 for the three months ended March 31, 2005, as a
result of assets being fully depreciated. Depreciation and amortization
accounted for 4% and 5% of total operating expenses for the three months
ended March 31, 2005 and 2004, respectively.

      TelVue's days for sales in average accounts receivable was 66 days
at March 31, 2005, compared to 55 days at March 31, 2004.  TelVue does not
offer incentives or discounts to its customers, nor has it changed its credit
terms with its customers.  TelVue maintained a bad debt reserve in the amount
of $82,048 as of March 31, 2005.  The majority of the reserve, $78,605,
represents 50% of the outstanding balance due from Adelphia as a result
of the bankruptcy filing date on June 25, 2002 (see Note 9 of TelVue's
accompanying financial statements).  It is unknown when TelVue will receive
payment on these invoices or what portion of the invoices will be paid.
TelVue had negative cash flow from operating activities of $261,238 for the
three months ended March 31, 2005, compared to positive cash flow of $67,663
for the three months ended March 31, 2004.  The decrease in cash flow over
2004 was primarily due to a reduction in ANI Service revenue and an increase
in TVTN expenses (as described above).

LIQUIDITY AND CAPITAL RESOURCES:

     Since November 2, 1989, TelVue has funded its expansion and operating
deficit from the proceeds of the sale of shares of TelVue's Common Stock
and Preferred Stock to Mr. H.F. Lenfest, TelVue's majority stockholder ("Mr.
Lenfest") and from loans from Mr. Lenfest. From November 1989 to February
1996, TelVue borrowed an aggregate of $6,128,712 from Mr. Lenfest. These
loans and accrued interest were repaid in their entirety during 2003.  In
addition to these borrowings, during January 1995, Mr. Lenfest purchased,
from Science Dynamics Corporation, TelVue's non-interest bearing note in
the amount of $541,000. On March 5, 2001, TelVue borrowed $650,000 from
Mr. Lenfest to fund a portion of the Source acquisition, at an interest
rate of prime plus one percent (1%) compounded and due on or before
January 1, 2004.  This loan was repaid in its entirety in 2001.  The
aggregate outstanding loan balance due to Mr. Lenfest as of March 31, 2005
was $541,000 in loan principal for the non-interest bearing Science Dynamics
Corporation note.  TelVue intends to negotiate the repayment terms of the
$541,000 note with Mr. Lenfest and does not have a payment schedule in
place at this time.

     On March 9, 2001, with the acquisition of the assets of Source for
$1.3 million, TelVue paid $1,000,000 in cash and $300,000 pursuant to a
promissory note (the "Source Note") (see Note 8 of TelVue's accompanying
financial statements). The Source Note had a term of three years. Interest
only was payable monthly during year one at the rate of 8% per annum.
Beginning in year two, both principal and interest were payable monthly at
the rate of 5.06% per annum.  During the first quarter of 2004, TelVue
paid the remaining balance on the Source Note in its entirety.

     On April 27, 2005, TelVue entered into a Line of Credit Note (the
"Note") with Mr. Lenfest.  The Note was secured to provide funding to grow
the TVTN Service.  Under the terms of the Note, the Company may borrow,
from time to time, up to the maximum principal amount of the Note which is
$3,800,000.  The minimum advance under the Note is $100,000 and the interest
rate of the Note is equal to the prime rate plus one percent (1%).  The Note
contains customary events of default, including, among others, non-payment
of principal and interest and in the event the Company is involved in
certain insolvency proceedings.  In the event of a default, all of the
obligations of the Company under the Note may be declared immediately due
and payable.  The Note is unsecured and will expire six years from the date
of the first advance under the Note unless extended or renewed (see TelVue's
Form 8-K filed with the SEC on May 3, 2005 for a copy of the Note).

     TelVue's ability to fully fund its operating expenses has suffered by
the loss of a large number of its subscriber base.  As discussed above,
TelVue anticipates a continued decrease in revenue and an increase in net
loss for the immediate future.  In order to continue to fund a majority of
its ANI operating expenses, TelVue needs to retain a reasonable subscriber
base level.  Management believes that over time, continued erosion will
occur in the subscriber base.  As discussed above, during the three months
ended March 31, 2005, TelVue added 1,500 subscribers to its service but had
500,000 subscribers cancel service. The cable operators cancelled the ANI
Service primarily as a result of moving their subscribers onto two-way digital
service.  Furthermore, Dish Network has informed TelVue that they intend to
begin ANI order processing internally by transitioning their subscribers onto
their internal network in 2005.

     TelVue anticipates fully utilizing its current cash balance during 2005
mainly as a result of funding the TVTN Service.  TelVue has therefore secured
financing from Mr. Lenfest in the form of the Note described above.  The Note
will help to fund the growth of the TVTN Service as well as fund the ANI
Service in the event it becomes cash flow negative.  While maintaining the
ANI pay-per-view ordering business, TelVue intends to aggressively market
and sell the new TVTN Service to government officials and the cable industry.
However, there can be no assurance that its marketing efforts will be
successful.

ITEM 3.  CONTROLS AND PROCEDURES

(a) Evaluation of Disclosure Controls and Procedures.  TelVue's Chief
Executive Officer and its Treasurer (Controller), have evaluated the
effectiveness of TelVue's disclosure controls and procedures (as defined in
the Securities Exchange Act of 1934 Rules 13a-15(e) and 15d-15(e) of the
Securities Exchange Act of 1934, as amended) as of the end of the period
covered by this report.  Based upon that evaluation, TelVue's Chief Executive
Officer and its Treasurer (Controller) have concluded that TelVue's
disclosure controls and procedures were adequate and effective to ensure
that material information relating to TelVue would be made known to them
by others within the Company, particularly during the period in which this
quarterly report on Form 10-QSB was being prepared.

(b) Changes in Internal Controls. During the quarterly period covered by
this report, there were no changes in TelVue's internal control over
financial reporting that has materially affected, or is reasonably likely
to materially affect TelVue's internal control over financial reporting.

PART II.  OTHER INFORMATION

ITEM 5.  OTHER INFORMATION

     Effective January 1, 2005, Joseph Murphy was appointed President and
Chief Executive Officer of TelVue.  He replaced Frank Carcione who
continues to remain with the Corporation as a director and work in an
advisory position for the foreseeable future.  Mr. Murphy is currently a
director of TelVue and has been since 1997.  Prior to his appointment as
President and Chief Executive Officer, Mr. Murphy was the Executive Vice
President of Sales and Operations and Division President of Source
Communications Group.  He was appointed to the position of Division
President in March 2001.  Mr. Murphy has held the position of Executive
Vice President of Sales and Operations since September 1994.  Prior to that
appointment, Mr. Murphy had been Vice President of Sales since joining
TelVue in 1986.

     On April 27, 2005, TelVue entered into a Line of Credit Note (the
"Note") with its majority stockholder, H.F. (Gerry) Lenfest.  Under the
terms of the Note, the Company may borrow, from time to time, up to the
maximum principal amount of the Note which is $3,800,000.  The minimum
advance under the Note is $100,000 and the interest rate of the Note is
equal to the prime rate plus one percent (1%).  The Note contains
customary events of default, including, among others, non-payment of
principal and interest and in the event the Company is involved in certain
insolvency proceedings.  In the event of a default, all of the obligations
of the Company under the Note may be declared immediately due and
payable.  The line of credit is unsecured and will expire six years from
the date of the first advance under the Note unless extended or renewed.

ITEM 6.  EXHIBITS

       Exhibits

3.1    Certificate of Incorporation of TelVue (incorporated by
       reference to TelVue's Registration Statement on Form S-8, dated
       March 30, 1989 (the "Registration Statement")).

3.2    Bylaws of TelVue (incorporated by reference to TelVue's
       Registration Statement).

3.3    Certificate of Amendment of Certificate of Incorporation of the
       Company, dated April 11, 1990 (incorporated by reference to the
       Company's Annual Report on Form 10-K for the year ended December 31,
       1991, (the "1991 Form 10-K")).

3.4    Certificate of Amendment of Certificate of Incorporation of the
       Company, dated March 15, 1991 (incorporated by reference to the 1991
       Form 10-K).

3.5    Form of copy of Amendment of Certificate of Incorporation of the
       Company, filed September 25, 1995 (incorporated by reference to the
       Company's Form 10-QSB for the period ended September 30, 1995, (the
       September 30, 1995 Form 10-QSB)).

4.1    The TelVue Corporation 1999 Stock Option Plan (incorporated by
       reference to Exhibit 99 of TelVue's Registration Statement on
       Form S-8, dated September 23, 1999), (the "1999 Stock Option
       Plan")).

4.2    Form of ISO Option Agreement issued pursuant to the 1999 Stock
       Option Plan (incorporated by reference to TelVue's Annual
       Report on Form 10-KSB for the year ended December 31, 1999, (the
       "1999 Form 10-KSB"))

4.3    Form of NQSO Option Agreement issued pursuant to the 1999 Stock
       Option Plan (incorporated by reference to the 1999 Form 10-KSB).

4.4    Warrant Agreement, dated March 15, 1991, between TelVue and
       H.F. Lenfest (incorporated by reference to TelVue's Annual
       Report on Form 10-K for the year ended December 31, 1990, (the
       "1990 Form 10-K")).

4.5    Certificate of Designation of Class A Preferred Stock (incorporated
       by reference to the September 30, 1990 Form 10-Q).

10.1   Distributorship Agreement, dated November 2, 1989, between the
       Company and Science (incorporated by reference to the 1989 Form
       10-K).

10.2   Stock Purchase Agreement, dated November 2, 1989, between the
       Company and H.F. Lenfest (incorporated by reference to the
       Company's Report on Form 8-K, dated November 15, 1989, (the "1989
       Form 8-K")).

10.3   Shareholders' Agreement, dated November 2, 1989, among TelVue
       and certain of its stockholders (incorporated by reference to the
       Company's 1989 Form 8-K).

10.4   Option Agreement, dated November 2, 1989, among TelVue and
       certain of its stockholders (incorporated by reference to the 1989
       Form 8-K).

10.5   Form of Credit Agreement between TelVue and H.F. Lenfest
       (incorporated by reference to the 1990 Form 10-K).

10.6   Form of Line of Credit Agreement between TelVue and H.F.
       Lenfest (incorporated by reference to the 1990 Form 10-K).

10.7   Subordinated Promissory Note, dated November 15, 1994 the principal
       amount of $541,000 payable to Science Dynamics Corporation
       (incorporated by reference to the 1994 Form 10-KSB).

10.8   Letter Agreement dated November 8, 1990 between Science Dynamics
       Corporation and H.F. Lenfest (incorporated by reference to the
       Company's Report on Form 8-K for November 16, 1990).

10.9   Loan Agreement dated December 24, 1991, between TelVue and H.F.
       Lenfest (incorporated by reference to the 1991 Form 10-K).

10.10  Lease Agreement for office space and the First Amendment to Lease
       dated March 30, 1994 ("Office Lease Agreement"), between TelVue
       and Bloom Associates (incorporated by reference to the 1994 Form
       10-KSB).

10.11  Letter dated March 26, 2003, from H.F. Lenfest, waiving
       the repayment of loans and accrued interest until January 1,
       2005(incorporated by reference to the December 31, 2002 Form 10-KSB
       (the "2002 Form 10-KSB")).

10.12  Second Amendment to Office Lease Agreement Dated May 5, 1999,
       between TelVue and Bloom Associates(incorporated by reference
       to the 1999 Form 10-KSB).

10.13  Asset Purchase Agreement by and among TelVue Corporation, J.D.
       Kraengel and Associates, Inc. f/k/a Dacon Corporation d/b/a Source
       Communications Group and Jeffrey Kraengel, dated February 14, 2001
       (incorporated by reference to the March 26, 2001 Form 8-K).

10.14  Retirement Agreement dated April 29, 2004 between TelVue Corporation
       and Frank J. Carcione (incorporated by reference to the December 31,
       2004 Form 10-KSB(the "2004 Form 10-KSB")).

10.15  Summary of Director Compensation (incorporated by reference to the
       2004 Form 10-KSB).

10.16  Summary of Executive Compensation (incorporated by reference to the
       2004 Form 10-KSB).

10.17  Line of Credit Note, dated April 27, 2005,  between H.F. (Gerry)
       Lenfest and TelVue Corporation (incorporated by reference to the Form
       8-K filed on May 3, 2005).

11.    Statement re:  Computation of Per Share Earnings (see TelVue's
       March 31, 2005 Financial Statements included herein).

17     Director Resignation Letter from Neil Heller (incorporated by
       reference to the 2004 Form 10-KSB).

23.    Consent of Pressman Ciocca Smith LLP, Independent Registered Public
       Accounting Firm (incorporated by reference to the 2004 Form 10-KSB).

31.1   Certification of Chief Executive Officer pursuant to 18 U.S.C.
       Section 1350 as adopted pursuant to Section 302 of the Sarbanes-
       Oxley Act of 2002(included herein).

31.2   Certification of Controller pursuant to 18 U.S.C. Section 1350 as
       adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
       (included herein).

32.1   Certification of Chief Executive Officer pursuant to 18 U.S.C.
       Section 1350 as adopted pursuant to Section 906 of the Sarbanes-
       Oxley Act of 2002 (included herein).

32.2   Certification of Controller pursuant to 18 U.S.C. Section 1350 as
       adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
       (included herein).


SIGNATURES

       Pursuant to the requirements of Section 13 or 15(d) 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.

                                                   TELVUE CORPORATION


DATED: 5/13/05                    By:   /s/Joseph M. Murphy
                                        ----------------------------------
                                        Joseph M. Murphy
                                        President (Chief Executive Officer)


DATED: 5/13/05                    By:   /s/Irene A. DeZwaan
                                        ----------------------------------
                                        Irene A. DeZwaan
                                        Treasurer (Controller)



                                  EXHIBIT INDEX


31.1  Certification of Chief Executive Officer pursuant to 18 U.S.C.
      Section 1350 as adopted pursuant to Section 302 of the Sarbanes-Oxley
      Act of 2002(included herein).

31.2  Certification of Controller pursuant to 18 U.S.C. Section 1350 as
      adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
      (included herein).

32.1  Certification of Chief Executive Officer pursuant to 18 U.S.C.
      Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley
      Act of 2002(included herein).

32.2  Certification of Controller pursuant to 18 U.S.C. Section 1350 as
      adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
      (included herein).


EXHIBIT 31.1
CERTIFICATION

	I, Joseph M. Murphy, certify that:

	1.	I have reviewed this quarterly report on Form 10-QSB of TelVue
Corporation;

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

	3.	Based on my knowledge, the financial statements, and other
financial information included in this report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this report;

	4.	The registrant's other certifying officer and I are responsible
for establishing and maintaining disclosure controls and procedures (as
defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant
and have:

		(a)	Designed such disclosure controls and procedures, or
caused such disclosure controls and procedures to be designed under our
supervision, to ensure that material information relating to the registrant,
including its consolidated subsidiaries, is made known to us by others
within those entities, particularly during the period in which this
report is being prepared;

		(b)	Evaluated the effectiveness of the registrant's disclosure
controls and procedures and presented in this report our conclusions about
the effectiveness of the disclosure controls and procedures, as of the end
of the period covered by this report based on such evaluation; and

		(c)	Disclosed in this report any change in the registrant's
internal control over financial reporting that occurred during the
registrant's most recent fiscal quarter (the registrant's fourth fiscal
quarter in the case of an annual report) that has materially affected, or
is reasonably likely to materially affect, the registrant's internal
control over financial reporting; and

	5.	The registrant's other certifying officer and I have disclosed,
based on our most recent evaluation of internal control over financial
reporting, to the registrant's auditors and the audit committee of the
registrant's board of directors (or persons performing the equivalent
functions):

		(a)	All significant deficiencies and material weaknesses in
the design or operation of internal control over financial reporting which
are reasonably likely to adversely affect the registrant's ability to
record, process, summarize and report financial information; and

		(b)	Any fraud, whether or not material, that involves
management or other employees who have a significant role in the
registrant's internal control over financial reporting.

Date:  5/13/05                        /s/Joseph M. Murphy
                                      --------------------
                                      Joseph M. Murphy
                                      President (Chief Executive Officer)

EXHIBIT 31.2
CERTIFICATIONS

	I, Irene A. DeZwaan, certify that:

	1.	I have reviewed this quarterly report on Form 10-QSB of TelVue
Corporation;

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

	3.	Based on my knowledge, the financial statements, and other
financial information included in this report, fairly present in all
material respects the financial condition, results of operations and
cash flows of the registrant as of, and for, the periods presented in
this report;

	4.	The registrant's other certifying officer and I are responsible
for establishing and maintaining disclosure controls and procedures (as
defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the
registrant and have:

		(a)	Designed such disclosure controls and procedures, or
caused such disclosure controls and procedures to be designed under our
supervision, to ensure that material information relating to the
registrant, including its consolidated subsidiaries, is made known to
us by others within those entities, particularly during the period in
which this report is being prepared;

		(b)	Evaluated the effectiveness of the registrant's disclosure
controls and procedures and presented in this report our conclusions about
the effectiveness of the disclosure controls and procedures, as of the end
of the period covered by this report based on such evaluation; and

		(c)	Disclosed in this report any change in the registrant's
internal control over financial reporting that occurred during the
registrant's most recent fiscal quarter (the registrant's fourth fiscal
quarter in the case of an annual report) that has materially affected,
or is reasonably likely to materially affect, the registrant's internal
control over financial reporting; and

	5.	The registrant's other certifying officer and I have disclosed,
based on our most recent evaluation of internal control over financial
reporting, to the registrant's auditors and the audit committee of the
registrant's board of directors (or persons performing the equivalent
functions):

		(a)	All significant deficiencies and material weaknesses
in the design or operation of internal control over financial reporting
which are reasonably likely to adversely affect the registrant's ability
to record, process, summarize and report financial information; and

		(b)	Any fraud, whether or not material, that involves
management or other employees who have a significant role in the
registrant's internal control over financial reporting.

Date:  5/13/05                        /s/Irene A DeZwaan
                                      ---------------------
                                      Irene A DeZwaan
                                      Treasurer (Controller)



EXHIBIT 32.1

TELVUE CORPORATION

CERTIFICATION PURSUANT TO
18 U.S.C. sec. 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002


In connection with the Quarterly Report of TelVue Corporation (the "Company")
on Form 10-QSB for the period ending March 31, 2005 as filed with the
Securities and Exchange Commission on the date hereof (the "Report"), I,
Joseph M. Murphy, Chief Executive Officer of the Company, certify, pursuant
to 18 U.S.C. sec. 1350, as adopted pursuant to Section 906 of the Sarbanes-
Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of section 13(a) or 15(d)
of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material
respects, the financial condition and result of operations of the Company.



Date:  5/13/05                        /s/Joseph M. Murphy
                                      --------------------
                                      Joseph M. Murphy
                                      President (Chief Executive Officer)


EXHIBIT 32.2

TELVUE CORPORATION

CERTIFICATION PURSUANT TO
18 U.S.C. sec. 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002


In connection with the Quarterly Report of TelVue Corporation (the "Company")
on Form 10-QSB for the period ending March 31, 2005 as filed with the
Securities and Exchange Commission on the date hereof (the "Report"), I,
Irene DeZwaan, Controller of the Company, certify, pursuant to 18 U.S.C.
sec. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act
of 2002, that:

(1) The Report fully complies with the requirements of section 13(a) or
15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material
respects, the financial condition and result of operations of the Company.


Date:  5/13/05                        /s/Irene A. DeZwaan
                                      -------------------
                                      Irene A. DeZwaan
                                      Treasurer (Controller)