EXHIBIT INDEX APPEARS ON PAGE


                     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 June 30, 2003

                          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 July 31,
2003: 24,827,274 shares.

Transitional Small Business Disclosure Format:  Yes       No   X
                                                  ------   ------
This report includes a total of 27 pages.


                         TELVUE CORPORATION

                                       INDEX

                                                                      PAGE
                                                                       NO.
                                                                      -----

PART I.   FINANCIAL INFORMATION


          Item 1.  Financial Statements

          Balance Sheets as of June 30, 2003
          (unaudited) and as of December 31, 2002

          Statements of Operations for the three
          months ended June 30, 2003 (unaudited)
          and June 30, 2002 (unaudited)

          Statements of Operations for the six
          months ended June 30, 2003 (unaudited)
          and June 30, 2002 (unaudited)

          Statements of Cash Flows for the six months
          ended June 30, 2003 (unaudited)
          and June 30, 2002 (unaudited)

          Notes to Financial Statements (unaudited)

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

          Item 3.  Disclosure Controls and Procedures


PART II.  OTHER INFORMATION

          Item 4.  Submission of Matters to Vote of Security Holders

          Item 6.  Exhibits and Reports on Form 8-K



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

                                                June 30,       December 31,
                                                   2003            2002
                                               -------------   -----------
<S>                                              <C>             <C>

ASSETS                                         (Unaudited)              *

CURRENT ASSETS
  Cash and cash equivalents                     $ 1,042,446     $  652,059
  Accounts receivable - trade, net of allowance
   of $86,302 at June 30, 2003 and
   December 31, 2002                                952,652      1,220,997
  Inventory                                         102,713         85,905
  Deferred tax asset                                364,973        350,000
  Other current assets                               62,056         70,554
                                                -----------     ----------
     TOTAL CURRENT ASSETS                         2,524,840      2,379,515

PROPERTY AND EQUIPMENT
  Machinery and equipment                         5,508,384      5,387,628
  Less accumulated depreciation                   5,184,014      5,080,545
                                                -----------     ----------
                                                    324,370        307,083

OTHER ASSETS
  Deferred tax asset                                225,142        467,576
  Goodwill                                          800,000        800,000
  Covenant not to compete - net of accumulated
   amortization of $5,831 and $4,593 in 2003
   and 2002, respectively                             4,169          5,417
  Other assets                                        8,800          8,800
                                                 ----------     ----------
                                                  1,038,111      1,281,793
                                                 ----------     ----------
                                                 $3,887,321     $3,968,391
                                                 ==========     ==========

LIABILITIES AND STOCKHOLDERS' DEFICIT

CURRENT LIABILITIES
  Notes payable - current                          $119,127       $155,990
  Accrued interest majority stockholder-current     540,000        540,000
  Accounts payable - trade                          146,410        288,396
  Accrued expenses                                  217,752        230,070
  Deferred service revenue, net of expense            5,487          5,968
  Accrued income taxes                               14,000            -
  Accrued dividends payable                       2,322,342      2,111,220
                                                -----------     ----------
     TOTAL CURRENT LIABILITIES                    3,365,118      3,331,644

NOTES PAYABLE - MAJORITY STOCKHOLDER                541,000        541,000

ACCRUED INTEREST - MAJORITY STOCKHOLDER - net
   of current portion                               394,939        666,228

NOTES PAYABLE, net of current portion                  -            40,335

REDEEMABLE CONVERTIBLE PREFERRED STOCK, $1 par
  value, 6,900,000 shares authorized,
  3,518,694 shares issued and outstanding
  (liquidation value of $5,841,036)               3,518,694      3,518,694

COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS' DEFICIT
  Common stock, $.01 par value, 100,000,000
  shares authorized, 24,827,274 and 24,817,274
  shares issued and outstanding at June 30, 2003
  and December 31, 2002, respectively               248,273        248,173
  Additional paid-in capital                      1,587,753      1,587,353
  Accumulated deficit                            (5,768,456)    (5,965,036)
                                                 -----------    -----------
                                                 (3,932,430)    (4,129,510)
                                                 -----------    -----------
                                                 $3,887,321     $3,968,391
                                                 ===========    ===========

*  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
                                                      June 30,
                                               ----------------------------
                                                     2003            2002
                                                     ----            ----
REVENUES
  ANI services                                 $ 1,209,486     $ 1,183,195
  Hardware sales and service                       306,267         786,941
                                               -----------     -----------
TOTAL REVENUES                                   1,515,753       1,970,136

COST OF REVENUES
  ANI services                                     390,270         519,356
  Hardware sales and service                       274,820         649,523
                                              ------------     -----------
TOTAL COST OF REVENUES                             665,090       1,168,879
                                              ------------     -----------
GROSS MARGIN                                       850,663         801,257

OPERATING EXPENSES
  Selling and marketing                            206,719         340,769
  General and administrative                       253,410         228,129
  Depreciation & amortization                       50,974          66,605
                                               -----------     -----------
TOTAL OPERATING EXPENSES                           511,103         635,503
                                               -----------     -----------
OPERATING INCOME                                   339,560         165,754

OTHER INCOME (EXPENSE)
  Interest income                                    1,695           1,497
  Interest expense                                 (15,391)        (23,454)
                                                -----------     -----------
TOTAL OTHER INCOME (EXPENSE)                       (13,696)        (21,957)
                                                -----------     -----------

INCOME BEFORE INCOME TAXES                         325,864         143,797

INCOME TAX EXPENSE                                 115,804          52,700
                                                ------------     ----------

NET INCOME                                         210,060          91,097

DIVIDENDS ON REDEEMABLE
  CONVERTIBLE PREFERRED STOCK                     (105,561)       (105,561)
                                                -----------    ------------
NET INCOME (LOSS) AVAILABLE TO
  COMMON STOCKHOLDERS                           $  104,499     $   (14,464)
                                                ===========    ============

NET INCOME PER COMMON SHARE
  BASIC                                               $.00            $.00
                                                ============    ===========
  DILUTED                                             $.00            $.00
                                                ============   ===========

WEIGHTED AVERAGE NUMBER OF COMMON
SHARES OUTSTANDING
   BASIC                                         24,819,362      24,778,569
                                                 ==========      ==========
   DILUTED                                       94,877,126      24,778,569
                                                 ==========      ==========




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


<Page>
                                 TELVUE CORPORATION
                                STATEMENTS OF OPERATIONS
                                       (UNAUDITED)


                                                    Six Months Ended
                                                      June 30,
                                               ----------------------------
                                                     2003            2002
                                                     ----            ----
REVENUES
  ANI services                                 $ 2,432,459     $ 2,325,027
  Hardware sales and service                       778,404       1,184,909
                                               -----------     -----------
TOTAL REVENUES                                   3,210,863       3,509,936

COST OF REVENUES
  ANI services                                     800,341       1,008,171
  Hardware sales and service                       675,665         981,211
                                              ------------     -----------
TOTAL COST OF REVENUES                           1,476,006       1,989,382
                                              ------------     -----------
GROSS MARGIN                                     1,734,857       1,520,554

OPERATING EXPENSES
  Selling and marketing                            455,350         574,714
  General and administrative                       477,389         460,059
  Depreciation & amortization                      104,719         138,327
                                               -----------     -----------
TOTAL OPERATING EXPENSES                         1,037,458       1,173,100
                                               -----------     -----------
OPERATING INCOME                                   697,399         347,454

OTHER INCOME (EXPENSE)
  Interest income                                    2,706           3,683
  Interest expense                                 (32,939)        (54,767)
                                                -----------     -----------
TOTAL OTHER INCOME (EXPENSE)                       (30,233)        (51,084)
                                                -----------     -----------

INCOME BEFORE INCOME TAXES                         667,166         296,370

INCOME TAX EXPENSE                                 259,461         110,312
                                                ------------     ----------

NET INCOME                                         407,705         186,058

DIVIDENDS ON REDEEMABLE
  CONVERTIBLE PREFERRED STOCK                     (211,122)       (211,122)
                                                -----------    ------------
NET INCOME (LOSS) AVAILABLE TO
  COMMON STOCKHOLDERS                           $  196,583     $   (25,064)
                                                ===========    ============

NET INCOME PER COMMON SHARE
  BASIC                                               $.01            $.00
                                                ============    ===========
  DILUTED                                             $.00            $.00
                                                ============   ===========

WEIGHTED AVERAGE NUMBER OF COMMON
SHARES OUTSTANDING
   BASIC                                         24,818,324      24,775,095
                                                 ==========      ==========
   DILUTED                                       94,876,088      24,775,095
                                                 ==========      ==========




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



                                   TELVUE CORPORATION
                                STATEMENTS OF CASH FLOWS
                                    (UNAUDITED)


                                                       Six Months Ended
                                                           June 30,
                                                    ---------------------
                                                     2003            2002
                                                     ----            ----

CASH FLOWS FROM OPERATING ACTIVITIES
  Net Income                                    $   407,705      $ 186,058
  Adjustments to reconcile net income to
   net cash provided (used) by operating
   activities:
    Depreciation & amortization                     104,719        138,327
    Deferred taxes                                  227,461        110,312
  Changes in assets and liabilities:
   Decrease (increase) in -
    Accounts receivable - trade                     268,345       (458,087)
    Inventory                                       (16,808)       (16,395)
    Other current assets                              8,498         14,473
    Prepaid income taxes                                -          (23,800)
    Other assets                                        -              500
   Increase (decrease) in -
    Accrued interest - majority stockholder        (271,289)      (303,106)
    Accounts payable - trade                       (141,991)        89,181
    Accrued expenses                                (12,318)       (38,147)
    Accrued income taxes                             14,000        (53,000)
    Deferred service revenue, net of expense           (481)           896
                                                 -----------    -----------
    NET CASH PROVIDED (USED) BY OPERATING
     ACTIVITIES                                     587,841       (352,788)
                                                 -----------    -----------

CASH FLOWS FROM INVESTING ACTIVITIES
  Purchases of property and equipment              (120,756)       (41,892)
                                                 -----------    -----------
   NET CASH (USED) BY INVESTING ACTIVITIES         (120,756)       (41,892)

CASH FLOWS FROM FINANCING ACTIVITIES
   Debt reduction:
     Notes payable - other                          (77,198)       (37,974)
   Issuance of common stock                             500            500
                                                 -----------     ----------
   NET CASH (USED) BY FINANCING ACTIVITIES          (76,698)       (37,474)
                                                 -----------     ----------
NET INCREASE (DECREASE) IN CASH AND
  CASH EQUIVALENTS                                  390,387       (432,154)

CASH AND CASH EQUIVALENTS,
  BEGINNING OF PERIOD                               652,059        544,455
                                                 ----------     ----------
CASH AND CASH EQUIVALENTS, END OF PERIOD         $1,042,446     $  112,301
                                                 ==========     ==========
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 June 30, 2003, the results of operations
for the three and six months ended June 30, 2003 and 2002 and cash flows
for the six months ended June 30, 2003 and 2002.

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, 2002, as filed with the Securities and Exchange Commission.

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

2.  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 fourth
quarter of 2002, the Company performed its annual fair value assessment and
determined that an impairment charge of $370,819 was necessary to reduce
the carrying value of goodwill to its implied fair value.

The Company is required to perform goodwill impairment tests on an annual
basis and between annual tests in certain circumstances. For the six months
ended June 30, 2003, no impairment of goodwill has been recognized. There
can be no assurance that future goodwill impairment tests will not result
in a charge to earnings.

3.  SUPPLEMENTAL CASH FLOW INFORMATION:
    -----------------------------------

Supplemental disclosures of cash paid during the period-

                                           2003           2002
                                           ----            ----
             Income taxes               $ 18,000        $ 76,800
             Interest                   $304,228        $357,813

Non-cash Investing and Financing Transactions
---------------------------------------------
The Company accrued dividends on its redeemable convertible preferred stock
of $211,122 for each of the six month periods ended June 30, 2003 and 2002.

4.  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.

The following is a reconciliation from basic earnings per share to diluted
earnings per share for the six months ended June 30, 2003 and 2002.
Incremental shares of 70,057,764 for the six months ended June 30, 2003
were used in the calculation of diluted earnings per common share.
Because of the net loss available to common stockholders for the six months
ended June 30, 2002, 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.


                                     Net Income
                                       (Loss)
                                     Available       Average
                                     to Common       Shares        Earnings
                                      Stockholders   Outstanding  Per Share
                                      ------------   -----------  --------

2003                                  $  196,583     24,818,324    $ .01
Effect of dilution
  Warrants                                  -        29,915,160
  Convertible preferred stock            211,122     38,942,187
  Vested unexercised stock options          -         1,200,417
                                      -----------    ----------    -------
Diluted                                  407,705     94,876,088    $ .00
                                      ===========    ==========    =======

2002                                  $  (25,064)    24,775,095    $ .00
                                      ===========    ==========    =======

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

As of June 30, 2003, accrued dividends on outstanding preferred stock
amounted to $2,322,342.

6.  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 consist of the following
components:

                                                  2003             2002
                                              -----------        ----------
Current
 Federal                                       $    -             $   -
 State                                            32,000              -
                                              -----------        ----------
                                                  32,000              -
Deferred
 Federal                                         478,232           110,312
 State                                           111,883              -
                                               ----------        ----------
                                                 590,115           110,312
                                               ----------        ----------
                                               $ 622,115        $ 110,312
                                               ==========        ==========

The Company has a net operating loss carryforward of approximately
$289,000 on a tax-reporting basis as of June 30, 2003.  The carryforward
will begin to expire in 2010, if not utilized.

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

Note Payable and Accrued Interest - Majority Stockholder
--------------------------------------------------------
On March 26, 2003, the Company obtained from the majority stockholder an
extension to January 1, 2005, of his prior agreement not to demand
repayment of his loans or the accrued interest on the loans.  The Company
has decided to voluntarily make, and the majority stockholder has agreed to
accept, monthly payments of $50,000, when, in the opinion of management,
the Company has such cash available that is not needed to fund operations.
The Company makes current interest payments from the monthly payment and
the balance of the payment is applied to either accrued interest or
principal. The Company may make monthly payments in excess of $50,000 when
it has excess cash that is not needed to fund operations.  The Company made
total payments of $300,000 during the six months ended June 30, 2003.
The Company has classified $540,000 of accrued interest as a current
liability. As of June 30, 2003, the Company had an outstanding non-interest
bearing note due to the majority stockholder in the principal amount of
$541,000 and accrued interest on former outstanding notes in the aggregate
amount of $934,939 that bears interest at a rate of prime plus one
percent (1%).

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 has a term of three years.
Interest only is payable monthly during year one at the rate of 8% per
annum. Beginning in year two, both principal and interest are payable
monthly at the rate of 5.06% per annum. As of June 30, 2003 the principal
amount of the note was $116,065.

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 is payable monthly
in the amount of $390, including principal and interest, has a term of
three years and bears interest at 5.0% per annum.  As of June 30, 2003,
the principal amount due on the loan was $3,062.

8.  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.  Prebankruptcy
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.

9. 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 business segment functions as
a communications solution provider and network integrator.

Summarized financial information by reporting segment as of and for each
of the six months ended June 30, 2003 and 2002, is as follows:

Six months Ended June 30, 2003            ANI        Source        Total
---------------------------------      ----------   ---------    ----------
Revenues                               $2,432,459    $778,404    $3,210,863
Operating income (loss)                 1,020,463    (323,064)      697,399
Interest expense                           32,758         181        32,939
Income (loss) before income taxes         989,591    (322,425)      667,166
Capital expenditures                      112,292       8,464       120,756


Six months Ended June 30, 2002             ANI        Source        Total
---------------------------------      ----------   ----------   ----------
Revenues                               $2,325,027   $1,184,909   $3,509,936
Operating income                          617,925     (270,471)     347,454
Interest expense                           54,538          229       54,767
Income before income taxes                566,157     (269,787)     296,370
Capital expenditures                       17,228       24,664       41,892


<PAGE>

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

     TelVue Corporation ("TelVue") operates two business segments.  One
segment is a marketing and service company that 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").  TelVue provides the ANI Service through equipment
it purchases. TelVue's equipment for providing the ANI Service nationwide
is located at the 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's business segment that operates under the name Source
Communications Group 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
("Source"), a Delaware corporation that was located in Mullica Hill, NJ.
The Source segment functions as a communications solution provider and
network integrator serving clients mainly in the Mid-Atlantic States.
Source represents a number of well-known equipment, software and
communications service suppliers. Source molds these resources into a
custom business solution for its clients and satisfies its customers'
individual voice, video and data communications needs. The Source
customer base is broad, representing such industries as healthcare,
entertainment, financial, education, government and utilities.  The
acquisition was part of a strategy to allow TelVue to grow and diversify
both its product lines and customer base beyond the cable TV industry.

     The Source segment sells computer related equipment, network systems,
software, and data communications equipment.  In addition to the equipment
sale, Source offers installation of equipment, service contracts, and
service repair to equipment not under service contract.  The ANI Service
technical staff is being trained for various products and technologies,
and is being utilized to perform the service and installation.  Prior
to the acquisition, Source sold only hardware and subcontracted any
labor needed for installation or service. In addition to the revenue
streams noted above, Source resells bandwidth to customers for internet
access, for which it charges a monthly access fee, and sells through
agents, DSL, ISDN and point to point data circuits to customers for
which it receives a one-time commission from the telephone carrier or agent.

     TelVue has developed a new product and service called Virtual TV
Network ("VTN") and has applied for a patent.  VTN is a system for
displaying a fully automated TV station-like display on a cable system
access channel using computer based digital technology. VTN displays the
programming as graphics, text, imbedded music, and pictures with voice
narration and can run full motion video clips.  TelVue is currently
marketing VTN to municipal governments as a means of providing richer
and more robust TV programming for their local Cable TV Government
Access Channel.  Currently, most municipalities use a simple TV
display made up of only text messages with background music. TelVue
intends to sell the VTN hardware-software platform to the municipalities
and also charge monthly for ongoing monthly support services provided
by TelVue.

     The ANI segment had operating income of $509,047 and $1,020,463 for
the three and six months ended June 30, 2003, respectively, compared to
$306,589 and $617,925 for the three and six months ended June 30, 2002,
respectively.  ANI Service revenue increased $26,291 and $107,432 for the
three and six months ended June 30, 2003, respectively.  This increase is
primarily a result of an increase in feature revenue of $151,770 and
$367,170 for the three and six months ended June 30, 2003, respectively,
primarily as a result of a feature price increase that TelVue implemented
for the majority of its customers on May 1, 2002.  This increase in
feature revenue is partially offset by a decrease in pay-per-view buy
revenue of $49,996 and $128,667 and a decrease in PPV+ service revenue
of $25,671 and $57,672, for the three and six months ended June 30,
2003, respectively, over the same periods for 2002.  The decrease in
pay-per-view buy and PPV+ revenue is due to a continuing reduction in
the average monthly buy rate from 5.1% to 4.0% for the three months ended
June 30, 2002 and 2003, respectively, and from 5.3% to 4.1% for the six
months ended June 30, 2002 and 2003, respectively.  TelVue believes that
the decrease in the buy rates is attributable to a somewhat weak movie
product, a lack of major special events such as boxing, an erosion in
wrestling popularity, and the movement of cable operators to impulse
ordering on digital cable systems (see below).  In addition, TelVue
believes there exists 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.  The ANI service cost of revenues
decreased $129,086 and $207,830 for the three and six months ended June
30, 2003, respectively.  This is partially due to a decrease in trunk
expense of $72,520 and $115,416 for the three and six months ended June
30, 2003, respectively, as a result of reduced trunk expense rates under
TelVue's new MCI contract that went into effect on June 1, 2002.  In
addition, data link expense decreased $25,431 and $57,100 for the three
and six months ended June 30, 2003, respectively, as a result of customers
consolidating their data links and also as a result of a reduction in data
link fees under the new MCI contract.

     The Source segment had operating losses of $169,487 and $323,064 for
the three and six months ended June 30, 2003, respectively, compared to
$140,835 and $270,471 for the three and six months ended June 30, 2002,
respectively. Hardware sales and service revenue decreased $480,674 and
$406,505 for the three and six months ended June 30, 2003, respectively.
There was a corresponding decrease in hardware sales and service cost of
revenues of $374,703 and $305,546 for the three and six months ended
June 30, 2003, respectively.  The gross profit margins were 10% and
13% for the three and six months ended June 30, 2003, respectively,
compared to 17% for both the three and six months ended June 30, 2002.
The total sales and service revenue at June 30, 2003 is comprised of
90% hardware sales, 8% service installation and repair revenue, 1%
internet access revenue, and 1% service contract revenue.  The
corresponding direct expenses have relatively the same percent
distributions. Generally, Source executes two types of hardware
sales; one is a commodity sale, which is basic, off the shelf pc-type
purchases with a lower markup, and the second is a networking-type sale
which involves planning and configuration of the system to be
implemented, which results in a greater markup.  The gross profit at
June 30, 2003 and 2002, represents a blend of the two types of sales
with the majority of sales being commodity.  TelVue believes the
Source operating loss and decrease in sales for the three and six
months ended June 30, 2003, can be attributed to the continued
information technology ("IT") recession, expressed by the decrease
in capital purchasing of IT equipment by businesses, which also lowered
the average margin on hardware sales for the Source segment.  During
the three months ended June 30, 2002, Source had three large sales to
customers totaling $247,000.  That volume of sales did not recur
during the three months ended June 30, 2003 because two potential
six figure sales were suspended due to the capital budget cut of the
customer.  In addition to these problems, Source's lead sales
representative left the company in May 2003, which had a negative
impact on sales.  As of June 30, 2003, Source had three full-time sales
representatives and one independent sales representative actively selling
its products.

    Selling and marketing expenses decreased $134,050 and $119,364 for the
three and six months ended June 30, 2003.  These decreases are partially a
result of a decrease of $19,649 in Source segment advertising expense, a
decrease in the ANI segment commission expense of $44,338 as a result of
fewer new cable subscribers being added to the ANI service and a decrease
in payroll expense of $27,541 as a result of fewer sales personnel.
General and administrative expenses increased $25,281 and $17,330 for
the three and six months ended June 30, 2003, respectively, partially
as a result of an increase in accounting expense of $12,729 partially
related to auditing Source and an increase in insurance expense of $9,766
as a result of policy rates increasing.

     TelVue had income before taxes of $325,864 and $667,166 for the three
and six months ended June 30, 2003, respectively, compared to $143,797 and
$296,370 for the three and six months ended June 30, 2002, respectively.
TelVue recorded income tax expense of $259,461 for the six months ended
June 30, 2003.   Included in the income tax expense for the six months
ended June 30, 2003 were deferred income taxes of $227,461.  TelVue's
federal net operating loss carry forward was approximately $289,000 on
a tax-reporting basis as of June 30, 2003.

     During the six months ended June 30, 2003, TelVue purchased $120,756
of equipment compared to $41,892 purchased during the six months ended
June 30, 2002.  The majority of the equipment purchased during the six
months ended June 30, 2003, was for an outdialing message service TelVue
intends to promote to its cable customers to be used in promoting major
special events and premium channel upgrades.  Depreciation and amortization
expense decreased $33,608 for the six months ended June 30, 2003, as a
result of assets being fully depreciated. Depreciation and amortization
 accounted for 10% of total operating expenses for the six months ended
June 30, 2003, compared to 12% for the 2002 period.

     As of June 30, 2003, TelVue was serving approximately 22.2 million
full-time cable subscribers and 1.2 million part-time cable subscribers,
compared to approximately 21.0 million full-time and 1.9 million part-time
cable subscribers served as of June 30, 2002.  The part-time subscribers
did not significantly contribute to the revenue or service expenses for
the three months ended June 30, 2003 and 2002. During the six months ended
June 30, 2003, TelVue added approximately 889,000 subscribers to its ANI
Service and had approximately 634,000 subscribers cancel the ANI service.
Of the customer additions for the six months ended June 30, 2003, 800,000
of the subscribers were from the Dish Network.  The cable operators
cancelled the ANI service primarily as a result of moving their subscribers
onto two-way digital service (see below).  Also, Dish Network has informed
TelVue that it intends to begin ANI order processing internally.  Although
that would deplete the total number of subscribers TelVue serves by
approximately 8.8 million, it would not seriously impact revenue since
the Dish Network contributes comprises 3% of the total ANI Service revenue.

      There was a decrease in total liabilities of $278,150 for the six
months  ended June 30, 2003.  This is a net result of increases and
decreases in various liability accounts with the largest being a decrease
in accrued interest majority stockholder of $271,289 as a result of accrued
interest payments.  Total assets decreased $81,070 for the six months ended
June 30, 2003, which is partially a result of a decrease in deferred tax
asset of $227,461.  TelVue's days for sales in average accounts receivable
was 61 days at June 30, 2003, compared to 64 days at June 30, 2002.  TelVue
does not offer incentives or discounts to its customers, nor has it
changed its credit terms with its customers.  During the fourth quarter of
2002, TelVue established a bad debt reserve of $86,302.  The majority of
the reserve, $78,605, represents 50% of the outstanding balance due from
Adelphia as of the bankruptcy filing date on June 25, 2002 (see Note 8 to
TelVue's financial statements).  It is not known when TelVue 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.

     TelVue had positive cash flow from operating activities of $587,841
for the six months ended June 30, 2003 and negative cash flow of $352,788
for the six months ended June 30, 2002.  Ignoring changes in operating
assets and liabilities that result from timing issues, and considering
only adjustments to reconcile net income to net cash provided by operating
activities, TelVue would have positive cash flow from operating activities
of $739,885 for the six months ended June 30, 2003, compared to positive
cash flow from operating activities of $434,697 for the six months ended
June 30, 2002 . This increase in cash flow is predominately a result of
the increase in ANI service revenue as a result of the feature price
increase (see above) and also as a result of a decrease in ANI service
costs due to reduced rates from MCI (see above).

     Since November 2, 1989, TelVue has funded its expansion and operating
deficit from the proceeds from 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 borrowings from Mr. Lenfest. From November 1989 to
February 1996, TelVue borrowed an aggregate of $6,128,712 from Mr. Lenfest.
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
(see below).  This loan was repaid in its entirety in 2001. During the six
months ended June 30, 2003, TelVue made total payments to Mr. Lenfest of
$300,000.  The aggregate outstanding loan balance due to Mr. Lenfest as of
June 30, 2003, is $541,000 in loan principal for the non-interest bearing
Science note and $934,939 in accrued interest which bears interest at the
floating prime interest rate plus 1%.

     TelVue remains dependent upon the deferral of a lump sum repayment of
principal and interest due to Mr. Lenfest to fund operations and capital
expenditures from operating cash flow. On March 26, 2003, TelVue obtained
from Mr. Lenfest a written agreement stating he will not demand repayment
of his loans or the cash payment of accrued interest on the loans through
January 1, 2005.  On January 1, 1999, TelVue began to pay current monthly
interest payments to Mr. Lenfest from its monthly loan payment and applied
the balance from the monthly payment to either principal or accrued
interest.  TelVue has decided to voluntarily make, and Mr. Lenfest has
agreed to accept, monthly payments of $50,000.  TelVue may make monthly
payments in excess of $50,000 when, in the opinion of management, TelVue
has excess cash that is not needed to fund operations. The monthly payment
amount may vary depending on the availability of cash.  TelVue intends to
continue to invest cash in the Source segment during 2003 in an effort to
grow the business.

     On March 9, 2001, TelVue acquired substantially all of the assets of
J.D. Kraengel and Associates, Inc. f/k/a Dacon Corporation d/b/a 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 "Source Note") (see Note 7 of
TelVue's financial statements). The Source Note has a term of three years.
Interest only is payable monthly during year one at the rate of 8% per
annum. Beginning in year two, both principal and interest are payable
monthly at the rate of 5.06% per annum.  During the six months ended June
30, 2003, TelVue made total payments of $79,016 on the Source Note.  The
aggregate outstanding loan balance due on the Source Note at June 30, 2003,
is $116,065.  The acquisition of Source is part of TelVue's long-term
business strategy to expand and diversify its operations.  TelVue is
cross-training its technical personnel to work within the Source
business and has also hired sales representatives to promote the Source
products.

     TelVue's ability to fund its operating expenses primarily depends on
three factors:  (i) retaining its current subscriber base level, (ii) the
generation of net income of the Source segment, and(iii) the continued
deferral by Mr. Lenfest of a lump sum cash repayment of his loan and
accrued interest to TelVue.  Management believes that its present marketing
 strategies will maintain the ANI segment customer base, although there can
be no assurances that TelVue will be able to attract any further customers
or that it will retain its current customers.  During the six months ended
June 30, 2003, TelVue added 889,000 subscribers to its service and had
634,000 subscribers cancel service.  The cable operators cancelled the
ANI service primarily as a result of moving their subscribers onto
two-way digital service (see below).  Also, Dish Network has informed
TelVue that it intends to begin ANI order processing internally (see
above).  Although that would deplete the total number of subscribers TelVue
serves, it would not seriously impact monthly revenue (see above).  In
addition, revenues are affected by the buy rates of subscribers connected
to the Service.  TelVue has no control over the buy rates and therefore
cannot assure that buy rates will increase or will remain at their current
level.  As noted above, TelVue experienced a decrease in the average
monthly buy rate from 5.3% to 4.1% for the six months ended June 30,
2002 and 2003, respectively.

     The movement of cable operators to impulse ordering on digital cable
systems is part of the reason for the buy rate decrease noted above.  Cable
operators are deploying digital services to their customers.  These digital
services allow cable operators to offer additional channels and to offer
additional pay-per-view channels.  Where cable operators have activated
two-way cable plant (i.e. the operator is able to send a signal to and
receive a signal from its customer), the digital service can also allow the
cable operator to process ordering of pay-per-view movies and events
directly from its customers, without using TelVue's service.  Management
believes the long-term effect of deployment of digital two-way service
will negatively impact TelVue.  Some cable operators with digital service,
but only one-way cable plant, have chosen to use TelVue's single number
ordering technology for pay-per-view ordering.  Currently, there are 447
cable operators using ANI ordering technology for their digital pay-per-
view offerings.  TelVue intends to monitor developments in the rollout of
digital services by its cable operator customers and to attempt to
position TelVue to continue to be the cable operator's provider of choice
for processing pay-per-view orders.  However, there can be no assurances
that TelVue will be successful in this effort.

    TelVue is actively trying to grow the Source segment business by
offering new product lines and services.  Prior to TelVue acquiring Source
on March 9, 2001, Source subcontracted all labor for installation and
repair service of the products it sold.  TelVue has trained and is
utilizing its existing ANI technical staff to perform these installation
and service repairs.  Generally the installation sales provide higher gross
profit margins than the hardware sales, and therefore the Source segment is
focusing on growing this line of business.  However, during the six months
ended June 30, 2003, Source experienced a decline in installation revenue
as a result of the IT recession.  Source also offers service contracts on
the equipment it sells.  Source has expanded its business lines by
reselling bandwidth to customers for internet access, for which it charges
a monthly access fee, and selling through agents, DSL, ISDN and point to
point data circuits to customers for which it receives a one-time
commission from the telephone carrier or agent.  Source has been
marketing its products and services and trying to create customer awareness
through direct-mail advertising, e-mail, cold calling and by exhibiting its
service and installation products along with various suppliers products at
regional technical, education and business exhibitions in the Southeast
Pennsylvania and New Jersey areas as well as using billboard advertising in
high-traffic areas.  Source has experienced a decrease in sales from
$1,184,909 for the six months ended June 30, 2002 to $778,404 for the six
months ended June 30, 2003.  There can be no assurance that sales will not
further decline or that sales will grow to the point of making the Source
segment profitable.  The current recession related to the IT product
economy, whereby businesses have decreased their capital purchasing of IT
equipment, has affected Source by reducing its sales volume and also
lowering its profit margins on hardware sales.  It is unknown how long
the IT recession will continue or what its continued effect on the Source
business will be.  If the Source segment sales continue to decline and the
net losses continue to increase, TelVue may have to restructure, downsize
or discontinue the Source segment operations.

ITEM 3.  DISCLOSURE 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 4.  Submission of Matters to a Vote of Security Holders

TelVue's annual meeting of stockholders was held on June 11, 2003.  The
following five directors were elected:

                           Vote For     Votes Withheld     Votes Abstained
                          -----------   --------------     ---------------
1.	H.F. Lenfest        128,226,937       290,955                 0
2.	Frank J. Carcione   128,226,937       290,955                 0
3.	Joseph M. Murphy    128,226,937       290,955                 0
4.	Joy Tartar          128,226,937       290,955                 0
5.	Neil Heller         128,226,937       290,955                 0

ITEM 6.   Exhibits and Reports on Form 8-K.

(a)    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    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")).

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

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

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).

11.    Statement re:  Computation of Per Share Earnings (see TelVue's
       June 30, 2003 Financial Statements included herein).

22.    Published report regarding Matters Submitted at Annual Meeting held
       on June 11, 2003 (included herein at Item 4).

23.    Consent of Pressman Ciocca Smith LLP, Certified Public Accountants
       (incorporated by reference to the 2002 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).

(b)    Reports on Form 8-K

       None


                             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.


                                            TELVUE CORPORATION



Dated:   8/11/03                   By: /s/Frank J. Carcione
                                        -----------------------------------
                                        Frank J. Carcione
                                        President(Chief Executive Officer)



Dated:   8/11/03                    By: /s/Irene A. DeZwaan
                                        ---------------------------------
                                        Irene A. DeZwaan
                                        Treasurer (Controller)

<PAGE>

                                  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, Frank J. Carcione, 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: August 11, 2003
                                          /s/Frank J. Carcione
                                          --------------------
                                          Frank J. Carcione,
                                          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: August 11, 2003
                                          /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 June 30, 2003 as filed with
the Securities and Exchange Commission on the date hereof (the "Report"),
I, Frank Carcione, 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:	August 11, 2003  			/s/Frank J. Carcione
                                    --------------------
						Frank J. Carcione
						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 June 30, 2003 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:	August 11, 2003               /s/Irene A. DeZwaan
                                    -------------------
                                    Irene A. DeZwaan
                                    Treasurer (Controller)