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 September 30, 2004

                          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 October
27, 2004: 24,857,274 shares.

Transitional Small Business Disclosure Format:  Yes       No   X
                                                  ------   ------
This report includes a total of 24 pages.


                         TELVUE CORPORATION

                                       INDEX

                                                                  PAGE
                                                                   NO.
                                                                  ----

PART I.   FINANCIAL INFORMATION

          Item 1.  Financial Statements

          Balance Sheets as of September 30, 2004
          (unaudited) and as of December 31, 2003

          Statements of Operations for the three
          months ended September 30, 2004 (unaudited)
          and September 30, 2003 (unaudited)

          Statements of Operations for the nine
          months ended September 30, 2004 (unaudited)
          and September 30, 2003 (unaudited)

          Statements of Cash Flows for the nine
          months ended September 30, 2004 (unaudited)
          and September 30, 2003 (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

                                               September 30,  December 31,
                                                   2004           2003
                                               -------------  -----------
<S>                                              <C>            <C>

ASSETS                                         (Unaudited)          *

CURRENT ASSETS
  Cash and cash equivalents                     $ 1,152,948    $  842,601
  Accounts receivable - trade, net of allowance
   of $82,719 at September 30, 2004 and
   $91,009 at December 31, 2003                     485,906       669,220
  Deferred tax asset                                 36,409       350,000
  Other current assets                               49,532        44,603
  Current assets from discontinued operations       256,017       342,628
                                                -----------    ----------
     TOTAL CURRENT ASSETS                         1,980,812     2,249,052

PROPERTY AND EQUIPMENT
  Machinery and equipment                         5,655,442     5,375,699
  Less accumulated depreciation                   5,391,598     5,184,372
                                                -----------    ----------
                                                    263,844       191,327

OTHER ASSETS
  Other assets from discontinued operations            -          418,197
  Deferred tax asset                                567,257       167,581
  Other assets                                        8,800         8,800
                                                 ----------    ----------
                                                    576,057       594,578
                                                 ----------    ----------
                                                 $2,820,713    $3,034,957
                                                 ==========    ==========

LIABILITIES AND STOCKHOLDERS' DEFICIT

CURRENT LIABILITIES
  Notes payable - current                        $     -       $   39,178
  Notes payable - majority stockholder              541,000           -
  Accounts payable - trade                           69,496       114,444
  Accrued expenses                                  273,637       138,642
  Accrued dividends payable                       2,850,147     2,533,464
  Current liabilities from discontinued
    operations                                       30,742       219,319
                                                -----------    ----------
     TOTAL CURRENT LIABILITIES                    3,765,022     3,045,047

NOTES PAYABLE - MAJORITY STOCKHOLDER                   -          541,000

REDEEMABLE CONVERTIBLE PREFERRED STOCK, $1 par
  value, 6,900,000 shares authorized,
  3,518,694 shares issued and outstanding
  (liquidation value of $6,052,158)               3,518,694     3,518,694

COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS' DEFICIT
  Common stock, $.01 par value, 100,000,000
  shares authorized, 24,857,274 and 24,847,274
  shares issued and outstanding at September 30,
  2004 and December 31, 2003, respectively          248,573       248,473
  Additional paid-in capital                      1,588,953     1,588,553
  Accumulated deficit                            (6,300,529)   (5,906,810)
                                                 -----------   -----------
                                                 (4,463,003)   (4,069,784)
                                                 -----------   -----------
                                                 $2,820,713    $3,034,957
                                                 ===========   ===========
*  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
                                                       September 30,
                                              ----------------------------
                                                    2004           2003
                                                    ----           ----

REVENUES                                       $   670,547    $ 1,179,675

OPERATING EXPENSES
  Service                                          300,767        391,925
  Selling and marketing                            185,468        101,236
  General and administrative                       323,211        164,172
  Depreciation & amortization                       27,478         41,716
                                               -----------    -----------
                                                   836,924        699,049
                                               -----------    -----------
OPERATING INCOME (LOSS)                           (166,377)       480,626

OTHER INCOME (EXPENSE)
  Interest income                                    2,090          1,502
  Interest expense                                     -          (12,417)
                                                -----------    -----------
TOTAL OTHER INCOME (EXPENSE)                         2,090        (10,915)
                                                -----------    -----------

INCOME (LOSS) FROM CONTINUING OPERATIONS
  BEFORE INCOME TAXES                             (164,287)       469,711

INCOME TAX (EXPENSE) BENEFIT                        75,833       (169,257)
                                                ------------    ----------

INCOME (LOSS) FROM CONTINUING OPERATIONS           (88,454)       300,454

DISCONTINUED OPERATIONS
  Loss from operations of discontinued
   component                                       (12,553)      (108,476)
  Provision for income tax benefit                   5,030         24,269
                                                ------------    ----------
                                                    (7,523)       (84,207)
                                                ------------    ----------
NET INCOME (LOSS)                                  (95,977)       216,247

DIVIDENDS ON REDEEMABLE
  CONVERTIBLE PREFERRED STOCK                     (105,561)      (105,561)
                                                -----------   ------------
NET INCOME (LOSS) AVAILABLE TO
  COMMON STOCKHOLDERS                           $ (201,538)   $   110,686
                                                ===========   ============
BASIC NET INCOME (LOSS) PER COMMON SHARE
  FROM CONTINUING OPERATIONS                         $(.01)          $.01
  FROM DISCONTINUED OPERATIONS                         .00            .00
                                                     ------          -----
    TOTAL                                            $(.01)          $.01
                                                     ======          =====
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     24,827,274
                                                 ==========     ==========
   DILUTED                                            -         95,531,313
                                                 ==========     ==========

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

                                   TELVUE CORPORATION
                                STATEMENTS OF OPERATIONS
                                       (UNAUDITED)


                                                   Nine Months Ended
                                                     September 30,
                                               ----------------------------
                                                     2004           2003
                                                     ----           ----
REVENUES                                       $ 2,607,436    $ 3,612,134

OPERATING EXPENSES
  Service                                        1,039,667      1,192,266
  Selling and marketing                            438,562        283,439
  General and administrative                       759,374        514,829
  Depreciation & amortization                       99,559        120,511
                                               -----------    -----------
                                                 2,337,162      2,111,045
                                               -----------    -----------
OPERATING INCOME                                   270,274      1,501,089

OTHER INCOME (EXPENSE)
  Interest income                                    3,820          3,388
  Interest expense                                    (331)       (45,175)
                                                -----------    -----------
TOTAL OTHER INCOME (EXPENSE)                         3,489        (41,787)
                                                -----------    -----------

INCOME FROM CONTINUING OPERATIONS
  BEFORE INCOME TAXES                              273,763      1,459,302

INCOME TAX (EXPENSE)                               (83,587)      (525,003)
                                                ------------    ----------

INCOME FROM CONTINUING OPERATIONS                  190,176        934,299

DISCONTINUED OPERATIONS
  Loss from operations of discontinued
   component, including goodwill impairment
   charge of $350,000 at September 30, 2004       (436,888)      (430,901)
  Provision for income tax benefit                 169,670        120,554
                                                ------------    ----------
                                                  (267,218)      (310,347)
                                                ------------    ----------

NET INCOME (LOSS)                                  (77,042)       623,952

DIVIDENDS ON REDEEMABLE
  CONVERTIBLE PREFERRED STOCK                     (316,683)      (316,683)
                                                -----------     ----------
NET INCOME (LOSS) AVAILABLE TO
  COMMON STOCKHOLDERS                           $ (393,725)     $ 307,269
                                                ===========     ==========
BASIC NET INCOME (LOSS) PER COMMON SHARE
  FROM CONTINUING OPERATIONS                         $(.01)          $.02
  FROM DISCONTINUED OPERATIONS                        (.01)          (.01)
                                                     ------          -----
    TOTAL                                            ($.02)          $.01
                                                     ======          =====
DILUTED NET INCOME (LOSS) PER COMMON SHARE
  FROM CONTINUING OPERATIONS                         $(.01)          $.01
  FROM DISCONTINUED OPERATIONS                        (.01)           .00
                                                     ------          -----
    TOTAL                                            $(.02)          $.01
                                                     ======          =====
WEIGHTED AVERAGE NUMBER OF COMMON
SHARES OUTSTANDING
   BASIC                                         24,857,274     24,827,274
                                                 ==========     ==========
   DILUTED                                           -          95,531,313
                                                 ==========     ==========

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


                                   TELVUE CORPORATION
                                STATEMENTS OF CASH FLOWS
                                    (UNAUDITED)


                                                     Nine Months Ended
                                                        September 30,
                                                    ---------------------
                                                     2004           2003
                                                     ----           ----

CASH FLOWS FROM OPERATING ACTIVITIES
  Net Income (Loss)                             $   (77,042)    $ 623,952
  Adjustments to reconcile net income to
   net cash provided (used) by operating
   activities:
    Depreciation & amortization                     131,048       159,677
    Deferred taxes                                  (86,083)      376,449
    Write off of covenant not to compete              1,669          -
    Impairment of goodwill                          350,000          -
  Changes in assets and liabilities:
   Decrease (increase) in -
    Accounts receivable - trade                      74,469       299,521
    Inventory                                       184,973        21,332
    Other current assets                              5,552        34,664
   Increase (decrease) in -
    Accrued interest - majority stockholder             -        (660,179)
    Accounts payable - trade                       (208,079)     (184,068)
    Accrued expenses                                124,686       (23,690)
    Accrued income taxes                                -           6,172
    Deferred service revenue, net of expense        (14,362)         (729)
                                                 -----------   -----------
    NET CASH PROVIDED BY OPERATING
     ACTIVITIES                                     486,831       653,101
                                                 -----------   -----------

CASH FLOWS FROM INVESTING ACTIVITIES
  Purchases of property and equipment              (137,031)     (156,607)

CASH FLOWS FROM FINANCING ACTIVITIES
   Debt reduction - Notes payable - other           (39,953)     (116,535)
   Issuance of common stock                             500           500
                                                 -----------   -----------
                                                    (39,453)     (116,035)
                                                 -----------   -----------
NET INCREASE (DECREASE) IN CASH AND
  CASH EQUIVALENTS                                  310,347       380,459

CASH AND CASH EQUIVALENTS,
  BEGINNING OF PERIOD                               842,601       652,059
                                                 ----------    ----------
CASH AND CASH EQUIVALENTS, END OF PERIOD         $1,152,948    $1,032,518
                                                 ==========    ==========

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 September 30, 2004 and the results
of operations for the three and nine months ended September 30, 2004 and
2003 and cash flows for the nine months ended September 30, 2004 and 2003.

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, 2003, 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 Company's efforts to sell a portion of the Source segment have not
been successful.  Therefore, during June 2004, the Company began taking
steps to wind down the Source business.  As of September 30, 2004, no
Source employees remained.  There remained two small-unfulfilled sales
at September 30, 2004 that TelVue expects to complete during the fourth
quarter of 2004.

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 September 30, 2004 and December 31, 2003 is as follows:

                                 September 30,   December 31,
                                    2004            2003
                                 -------------   -----------
CURRENT ASSETS:
  Accounts receivable - trade     $ 256,017       $ 147,174
  Inventory                            -            184,973
  Other current assets                 -             10,481
                                  ---------       ---------
                                    256,017         342,628
OTHER ASSETS:
  Property and equipment, net
   of accumulated depreciation         -             65,280
  Goodwill                             -            350,000
  Covenant not to compete, net
   of accumulated amortization         -              2,917
                                  ---------       ---------
                                       -            418,197
                                  ---------       ---------
TOTAL ASSETS FROM DISCONTINUED
  OPERATIONS                      $ 256,017       $ 760,825
                                  =========       =========

CURRENT LIABILITIES:
  Notes payable - current         $   -           $     774
  Accounts payable - trade          15,808          178,940
  Accrued expenses                  14,934           25,243
  Deferred service revenue            -              14,362
                                  --------        ---------
TOTAL LIABILITIES FROM
  DISCONTINUED OPERATIONS         $ 30,742        $ 219,319
                                  ========        =========


The summarized results of discontinued operations for the nine months
ended September 30, 2004 and 2003 are as follows:

                                           Nine Months Ended September 30,
                                                 2004           2003
                                             -----------     -----------
Hardware sales and service                   $1,119,902      $1,225,099


Cost of hardware sales and service              937,380       1,080,262
Selling, administrative and depreciation
 expenses                                       270,034         576,911
Goodwill impairment charge                      350,000            -
Write off of covenant not to compete              1,669            -
                                              ----------      ----------
                                              1,559,083       1,657,173
                                              ----------      ----------
OPERATING LOSS                                 (439,181)       (432,074)

Interest income net of expense                    2,293           1,173
                                              ----------      ----------
LOSS FROM OPERATIONS BEFORE INCOME TAXES      $(436,888)      $(430,901)
                                              ==========      ==========

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 fourth
quarter of 2003, the Company performed its annual fair value assessment
and determined that an impairment charge of $450,000 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. During 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, which amounted to $350,000.

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

Supplemental disclosures of cash paid during the period-

                                           2004           2003
                                           ----           ----
             Income taxes                $   -          $ 21,828
             Interest                    $  341         $705,569

Non-cash Investing and Financing Transactions
---------------------------------------------
The Company accrued dividends on its redeemable convertible preferred stock
of $316,683 for each of the nine month periods ended September 30, 2004
and 2003.

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 nine
months ended September 30, 2004, 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.

The following is a reconciliation from basic earnings per share to
diluted earnings per share for the nine months ended September 30, 2004
and 2003. Incremental shares of 70,704,039 for the nine months ended
September 30, 2003, were used in the calculation of diluted earnings per
common share.


                                                    Average
                                                     Shares     Earnings
                                       Amount      Outstanding  Per Share
                                     ------------  -----------  --------
2004
Income (loss) from continuing
 operations,  less dividends
 on preferred stock                  $ (126,507)   24,857,274     $(.01)
                                     ==========    ==========    =======

2003
Net income available to common
  stockholders                       $  307,269    24,827,274     $ .01
Effect of dilution
  Warrants                                 -       29,915,160
  Convertible preferred stock           316,683    39,645,962
  Vested unexercised stock options         -        1,142,917
                                     -----------   ----------    -------
Diluted                              $  623,952    95,531,313     $ .01
                                     ===========   ==========    =======


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

As of September 30, 2004, accrued dividends on outstanding preferred stock
amounted to $2,850,147.

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 nine months ended September 30, 2004 consist of the following
components:

                                                2004            2003
                                            -----------      ----------
Current
 Federal                                     $    -           $   -
 State                                            -            (28,000)
                                            -----------      ----------
                                                  -            (28,000)
Deferred
 Federal                                        73,966        (376,449)
 State                                          12,117            -
                                             ----------      ----------
                                                86,083        (376,449)
                                             ----------      ----------
                                             $  86,083       $(404,449)
                                             ==========      ==========

The Company has a net operating loss carryforward of approximately
$1,500,000 on a tax-reporting basis as of September 30, 2004.  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. As of September 30, 2004, this note had been
paid in its entirety.

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.  As of September 30, 2004,
this note had been paid in its entirety.

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

During the nine months ended September 30, 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.

11. DEFERRED COMPENSATION
    ---------------------

At September 30, 2004, TelVue recorded a deferred compensation award of
$100,000 related to the future retirement of TelVue's President and CEO.

<PAGE>

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

OVERVIEW OF COMPANY:

    TelVue Corporation ("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").  In addition, TelVue has developed and is marketing a
new product and service called the TelVue Virtual Television Networks
("TVTN")(as discussed below).  The other business segment operated under
the name, Source Communications Group ("Source"), and 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 (as discussed
below).

     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.

     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 has been unsuccessful in its efforts to sell a
portion of the Source segment, and therefore, intends to continue to wind
down the operations.  As of September 30, 2004, there were no Source
employees.  There remained two small unfulfilled sales at September 30,
2004 that TelVue expects to complete during the fourth quarter of 2004.
TelVue has decided to use its time and resources to focus on growing its
TVTN business, which it believes will be more profitable (as discussed
below).

     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 is selling the TVTN hardware-
software platform to the municipalities and is also charging ongoing
monthly support fees for services provided by TelVue.

RESULTS OF OPERATIONS:

     The following discussion deals, at some length, with the decrease
in operating income for nine months ended September 30, 2004 compared to
September 30, 2003, and the reasons for the decrease.  TelVue further
discusses the continuing erosion in buy rates 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 significant
loss of a large portion of its subscriber base due to cancellation
notices received from Dish Network and Adelphia Communications.  Finally
TelVue discusses its decision to discontinue the operations of the
Source segment and the marketing of its new TVTN service.

     The ANI segment had an operating loss of $166,377 for the three
months ended September 30, 2004 and had operating income of $270,274 for
the nine months ended September 30, 2004.  Operating income for the ANI
segment decreased $647,003 and $1,230,815 for the three and nine months
ended September 30, 2004, respectively, when compared to the same periods
of 2003. The decrease in operating income was primarily due to a decrease
in ANI service revenue of $509,128 and $1,004,698 for the three and nine
months ended September 30, 2004, respectively, when compared to the same
periods of 2003.  As expected, pay-per-view buy revenue decreased
$127,526 and $297,586, and feature revenue decreased $284,029 and $576,085
for the three and nine months ended September 30, 2004, respectively, when
compared to the same periods of 2003.  These decreases were mainly due to
a reduction in the number of subscribers served during the nine months
ended September 30, 2004 (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 4.1% to 3.5% for the three months ended September 30, 2003 and
2004, respectively, and from 4.1% to 3.7% for the nine months ended
September 30, 2003 and 2004, respectively.  TelVue believes that the
decrease in the buy rates for the nine months ended September 30, 2004,
was attributable to a somewhat weak movie product, a lack of major
special events such as boxing, erosion in wrestling popularity, and the
movement of cable operators to impulse ordering on digital cable systems
(as discussed below).  In addition, 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.  The ANI service expenses decreased $91,158 and $152,599 for
the three and nine months ended September 30, 2004, respectively, as
compared to the same periods of 2003.  This decrease was partially
due to a reduction in trunk and data link expenses as a result of
serving fewer subscribers and a reduction in technical payroll as a
result of fewer technicians being employed by TelVue during the nine
months ended September 30, 2004, compared to the same period of 2003.
As a result of the  cable subscriber cancellations, especially Adelphia
Communications ("Adelphia") on June 30, 2004 and the pending cancellation
of Dish Network (see below), TelVue expects to continue to experience a
decrease in revenue and an increase in net loss in the immediate future.

     TVTN service revenue was $10,000 and $16,000 for the three and nine
months ended September 30, 2004, respectively.  During August 2004, TelVue
began service to nine new towns in the Camden County, NJ area.  As of
September 30, 2004, TVTN was serving ten customers that TelVue
anticipates will generate approximately $54,000 in total annual service
revenue.  TelVue has made presentations to a number of communities and
has received verbal commitments from five towns to carry the TVTN
service.  Many other towns are considering adopting the TVTN service;
however, long municipal decision and approval processes are required.
TelVue is initially marketing the service regionally in New Jersey,
Pennsylvania and Delaware.

     Selling and marketing expenses increased $84,232 and $155,123
for the three and nine months ended September 30, 2004, respectively,
compared to the same periods of 2003.  The increase was partially a
result of an increase in payroll and payroll taxes and benefits
$51,659 and $104,464 as a result of less payroll being allocated to
the Source segment and as a result of a new employees for the TVTN
business.  Travel and entertainment related to the TVTN business
increased $5,563 and $12,190. Advertising related to the TVTN business
was $2,892 and $5,021 for the month and the nine months ended September
30, 2004, respectively, compared to $0 for the three and nine months
ended September 30, 2003.  Trade shows and promotional materials for
TVTN were $11,283 and $14,623 for the three and nine months ended
September 30, 2004, respectively, compared to $0 for the three and nine
months ended September 30, 2003.

     General and administrative expenses increased $159,039 and $244,545
for the three and nine months ended September 30, 2004, respectively,
as compared to the same periods of 2003.  This increase was partially
a result of TVTN consulting expenses of $51,672 and $141,817 for the
three and nine months ended September 30, 2004, respectively, compared
to $14,070 and $24,195 for the three and nine months ended September
30, 2003, respectively.  Included in the 2004 consulting expenses was
a 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
10 of the accompanying financial statements).  The increase in general
and administrative expenses was also due to accrued payroll of $100,000
related to the future retirement of TelVue's President and CEO (see
Note 11 of the accompanying financial statements and Part II, Item 5,
Other Information, of this report).

     As of September 30, 2004, TelVue was serving approximately 17.1
million full-time cable subscribers and 1.2 million part-time cable
subscribers, compared to approximately 21.2 million full-time and 1.2
million part-time cable subscribers served as of September 30, 2003.
The part-time subscribers did not significantly contribute to the
revenue or service expenses for the nine months ended September 30,
2004 and 2003. During the nine months ended September 30, 2004, TelVue
added approximately 915,000 subscribers to its ANI Service but
unfortunately lost approximately 4.4 million subscribers that cancelled
the ANI service.  The cable operators cancelled the ANI service
primarily as a result of moving their subscribers onto two-way digital
service (as discussed below).  Of the 915,000 customer additions for the
nine months ended September 30, 2004, 900,000 of the subscribers are
from the Dish Network.  Dish Network informed TelVue that it will do its
ANI order processing internally and is transitioning its subscribers onto
its internal network.  In the fourth quarter of 2003, Dish Network
transitioned their adult product traffic onto their internal network.
Dish Network initially planned to have their remaining sports/event and
movie traffic moved onto their internal network by the first quarter of
2004, however they have continued to extend this time line.  Dish Networks
plans to have their remaining subscribers moved onto their internal network
sometime during the remainder of 2004.    Dish Network intends to continue
to use TelVue for its monthly speech recording. Currently, Dish Network
contributes approximately 10% 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 10.2 million,
and the annual service revenue will be reduced by a net amount in the range
of approximately $160,000 to $190,000.  As of July 1, 2004, Adelphia was no
longer using TelVue's ANI service.  They are processing their 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.

     There was a loss from discontinued operations before income tax benefit
from the Source segment of $12,553 and $436,888 for the three and nine months
ended September 30, 2004, respectively, which included a goodwill impairment
charge of $350,000 for the nine months ended September 30, 2004 (see Note 3
of the accompanying financial statements).  There was a provision for income
tax benefit related to the Source discontinued segment, of $5,030 and
$169,670 for the three and nine months ended September 30, 2004, respectively.

     TelVue had a net loss of $77,042 for the nine months ended September
30, 2004 compared to net income of $623,952 for the nine months ended
September 30, 2003.  TelVue recorded an income tax benefit of $86,083 and
income tax expense of $404,449 for the nine months ended September 30,
2004 and 2003, respectively.   TelVue's federal net operating loss carry
forward was approximately $1,500,000 on a tax-reporting basis as of
September 30, 2004 (see Note 7 to the accompanying financial statements).

     During the nine months ended September 30, 2004, TelVue purchased
$137,031 of equipment compared to $156,607 purchased during the nine
months ended September 30, 2003.  The majority of the equipment purchased
during the nine months ended September 30, 2004 and 2003, was for custom
programming and equipment related to the TVTN service.  Depreciation and
amortization expense decreased $20,952 for the nine months ended September
30, 2004, as a result of assets being fully depreciated. Depreciation and
amortization accounted for 4% and 6% of total operating expenses for the
nine months ended September 30, 2004 and 2003, respectively.

      TelVue's days for sales in average accounts receivable was 58 days
at September 30, 2004, compared to 60 days at September 30, 2003.  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 $82,719 as of September 30, 2004.  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 to 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
positive cash flow from operating activities of $486,831 for the nine
months ended September 30, 2004, compared to positive cash flow of
$653,101 for the nine months ended September 30, 2003.  The decrease in
cash flow over 2003 was mainly due to a reduction in ANI service revenue
(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. 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.
During the year ended December 31, 2003, TelVue made total interest
payments to Mr. Lenfest of $1,250,097, thereby paying the accrued interest
on prior borrowings in its entirety. The aggregate outstanding loan
balance due to Mr. Lenfest as of September 30, 2004 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 7 of the 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.

     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 operating expenses, TelVue needs to retain a reasonable subscriber
base level and grow the TVTN service into a profitable business.
Management believes that over time, continued erosion will occur in the
subscriber base.  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.
During the nine months ended September 30, 2004, TelVue added 915,000
subscribers to its service but had 4.4 million 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 networks.

     In addition, revenues are affected by the buy rates of subscribers
connected to the ANI 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 4.1% to 3.7% for the nine months
ended September 30, 2003 and 2004, 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 296
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.

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

     On August 4, 2004, Frank J. Carcione, President and CEO of TelVue,
announced that he will step down as President and CEO early next year,
but continue to remain with the Company as a Director and work in an
advisory position for the foreseeable future.  Mr. Carcione, who will
be turning 65 in 2005, will be semi-retiring and working several days a
week helping to develop the Company's TVTN service.  Joseph M. Murphy,
TelVue's Executive Vice President, will assume the role of President
and CEO on January 1, 2005.

     Effective September 10, 2004, Neil Heller resigned from the
TelVue Corporation's Board of Directors. The resignation of Mr.
Heller from TelVue's Board of Directors did not involve any
disagreement with the Corporation.

     Effective October 25, 2004, Robert Lawrence was appointed as
a director of TelVue Corporation by the Board of Directors of the
Company to fill the vacancy created by the resignation of Neil Heller
and to serve the unexpired portion of the term of Neil Heller until
the next annual meeting of stockholders of the Company or until his
successor is elected and shall have qualified.  Mr. Lawrence will serve
on the Audit Committee and the Stock Option Committee of the Board of
Directors.


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).

11.    Statement re:  Computation of Per Share Earnings (see TelVue's
       September 30, 2004 Financial Statements included herein).

23.    Consent of Pressman Ciocca Smith LLP, Certified Public Accountants
       (incorporated by reference to the 2003 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: 11/10/04                  By:   /s/Frank J Carcione
                                       ----------------------------------
                                       Frank J. Carcione
                                       President (Chief Executive Officer)


DATED: 11/10/04                  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, 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:  11/10/04

							/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:  11/10/04

			                        /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 September 30, 2004
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:	 11/10/04          		/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 September 30, 2004 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:	 11/10/04          		/s/Irene A. DeZwaan
                                    -------------------
						Irene A. DeZwaan
						Treasurer (Controller)