EXHIBIT INDEX APPEARS ON PAGE 20


                                  UNITED STATES
                        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, 2007

                          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 past 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
   ------   ------

Indicate by check mark whether the registrant is a shell company (as
defined in Rule, 12b-2 of the Exchange Act) Yes       No   X
                                                ------   ------

Number of shares of registrant's common stock outstanding as of July 17,
2007: 48,366,407 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

          Consolidated Balance Sheets as of June 30, 2007
          (unaudited) and as of December 31, 2006

          Consolidated Statements of Operations for the three
          months ended June 30, 2007 (unaudited)
          and June 30, 2006 (unaudited)

          Consolidated Statements of Operations for the six
          months ended June 30, 2007 (unaudited)
          and June 30, 2006 (unaudited)

          Consolidated Statements of Cash Flows for the six
          months ended June 30, 2007 (unaudited)
          and June 30, 2006 (unaudited)

          Notes to Consolidated Financial Statements (unaudited)

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

          Item 3.  Controls and Procedures


PART II.  OTHER INFORMATION

          Item 6.  Exhibits

<PAGE>
<TABLE>

PART I.  Financial Information
ITEM I.  Financial Statements

                       TELVUE CORPORATION AND SUBSIDIARY
                          CONSOLIDATED BALANCE SHEETS

                                                  June 30,     December 31,
                                                    2007           2006
                                               -------------   -----------
<S>                                                 <C>             <C>

ASSETS                                         (Unaudited)           *

CURRENT ASSETS
  Cash and cash equivalents                     $   151,508     $  191,157
  Accounts receivable - trade, net of allowances
   of $5,700 at June 30, 2007 and
   $3,000 at December 31, 2006                      628,235        392,134
  Marketable securities                              72,073           -
  Inventory                                         330,654           -
  Prepaid expenses                                  120,846         62,328
                                                -----------     ----------
     TOTAL CURRENT ASSETS                         1,303,316        645,619

NOTE RECEIVABLE                                        -	   400,329

PROPERTY AND EQUIPMENT                            6,760,514      6,240,135
  Less accumulated depreciation                   5,501,860      5,342,637
                                                -----------     ----------
                                                  1,258,654        897,498

DEFINITE-LIVED INTANGIBLE ASSETS,
 Net of accumulated amortization of $186,786	  4,361,934           -

INDEFINITE-LIVED INTANGIBLE ASSETS-GOODWILL	  1,894,829           -

INDEFINITE-LIVED INTANGIBLE ASSETS-OTHER  	    397,260           -

OTHER ASSETS                                          8,800          8,800

                                                 ----------     ----------
                                                 $9,224,793     $1,952,246
                                                 ==========     ==========

LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES
  Accounts payable - trade                       $  609,708     $  105,109
  Accrued expenses                                  268,648        374,568
  Deferred service revenue                          367,168        153,041
  Other liabilities                                   6,736           -
                                                -----------     ----------
     TOTAL CURRENT LIABILITIES                    1,252,260        632,718

LINES OF CREDIT - MAJORITY STOCKHOLDER           10,500,000      2,600,000

NOTE PAYABLE - MAJORITY STOCKHOLDER                 541,000        541,000

ACCRUED INTEREST - MAJORITY STOCKHOLDER             451,178        111,735

STOCKHOLDERS' EQUITY (DEFICIT)
 Common stock, $.01 par value, 100,000,000
 shares authorized, 48,366,407 and 48,356,407
 shares issued and outstanding at June 30, 2007
 and December 31, 2006, respectively                483,664        483,564
 Additional paid-in capital                       4,875,556      4,874,656
 Accumulated deficit                             (8,887,219)    (7,291,427)
 Comprehensive income                                 8,354           -
                                                 -----------    -----------
                                                 (3,519,645)    (1,933,207)
                                                 -----------    -----------
                                                 $9,224,793     $1,952,246
                                                 ===========    ===========
*  Derived from audited financial statements.

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

                          TELVUE CORPORATION AND SUBSIDIARY
                        CONSOLIDATED STATEMENTS OF OPERATIONS
                                    (UNAUDITED)

                                                   Three Months Ended
                                                        June 30,
                                              ----------------------------
                                                    2007            2006
                                                    ----            ----
REVENUES
  ANI services                                 $   356,696     $   400,516
  TVTN/PSG services                                908,542         126,812
                                               -----------     -----------
                                                 1,265,238         527,328
COST OF REVENUES
  ANI services                                     131,021         118,559
  TVTN/PSG services                                452,286         147,115
                                               -----------     -----------
TOTAL COST OF REVENUES                             583,307         265,674
                                               -----------     -----------
GROSS MARGIN                                       681,931         261,654

OPERATING EXPENSES
  Selling and marketing                            461,957         330,066
  General and administrative                       733,392         287,834
  Depreciation and amortization                    244,393          54,635
                                               -----------     -----------
                                                 1,439,742         672,535
                                               -----------     -----------
OPERATING LOSS                                    (757,811)       (410,881)

OTHER INCOME (EXPENSE)
  Interest income                                      301             443
  Interest expense                                (240,636)        (20,792)
  Gain on sale of equipment                           -              7,000
                                                -----------     -----------
TOTAL OTHER INCOME (EXPENSE)                      (240,335)        (13,349)
                                                -----------     ----------
NET LOSS                                        $ (998,146)     $ (424,230)
                                                ===========     ===========

BASIC AND DILUTED NET LOSS PER COMMON SHARE          $(.02)          ($.01)
                                                     ======          ======
WEIGHTED AVERAGE NUMBER OF COMMON
SHARES OUTSTANDING
   BASIC AND DILUTED                             48,359,703      48,343,001
                                                 ==========      ==========

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

                         TELVUE CORPORATION AND SUBSIDIARY
                       CONSOLIDATED STATEMENTS OF OPERATIONS
                                  (UNAUDITED)

                                                    Six Months Ended
                                                        June 30,
                                              ----------------------------
                                                    2007            2006
                                                    ----            ----
REVENUES
  ANI services                                 $   695,451     $   792,121
  TVTN/PSG services                              1,182,183         227,336
                                               -----------     -----------
                                                 1,877,634       1,019,457
COST OF REVENUES
  ANI services                                     221,680         227,671
  TVTN/PSG services                                642,420         273,241
                                               -----------     -----------
TOTAL COST OF REVENUES                             864,100         500,912
                                               -----------     -----------
GROSS MARGIN                                     1,013,534         518,545

OPERATING EXPENSES
  Selling and marketing                            865,710         598,568
  General and administrative                     1,088,881         565,622
  Depreciation and amortization                    346,009         103,229
                                               -----------     -----------
                                                 2,300,600       1.267,419
                                               -----------     -----------
OPERATING LOSS                                  (1,287,066)       (748,874)

OTHER INCOME (EXPENSE)
  Interest income                                   30,716             850
  Interest expense                                (339,443)        (30,391)
  Gain on sale of equipment                           -              7,000
                                                -----------     -----------
TOTAL OTHER INCOME (EXPENSE)                      (308,727)        (22,541)
                                                -----------     ----------
NET LOSS                                      $ (1,595,793)   $   (771,415)
                                                ===========     ===========

BASIC AND DILUTED NET LOSS PER COMMON SHARE          $(.03)          ($.02)
                                                     ======          ======
WEIGHTED AVERAGE NUMBER OF COMMON
SHARES OUTSTANDING
   BASIC AND DILUTED                             48,358,065      48,339,722
                                                 ==========      ==========

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

                         TELVUE CORPORATION AND SUBSIDIARY
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)
                                                       Six Months Ended
                                                            June 30,
                                                    ---------------------
                                                     2007            2006
                                                     ----            ----
CASH FLOWS FROM OPERATING ACTIVITIES
 Net loss                                       $(1,595,793)     $(771,415)
 Adjustments to reconcile net loss to
  net cash (used in) operating activities:
   Depreciation and amortization                    346,010        103,229
   Gain on sale of property and equipment              -            (7,000)
Changes in assets and liabilities:
   Accounts receivable - trade                     (194,186)       (36,914)
   Other receivables                                   -            10,900
   Inventory                                       (226,261)          -
   Prepaid expenses                                 (58,518)       (61,939)
   Accounts payable - trade                         314,610        (55,690)
   Accrued expenses                                (188,728)        14,271
   Deferred service revenue                          27,144         20,850
   Accrued interest - majority stockholder          339,443         30,391
                                                 -----------      --------
    NET CASH (USED IN) OPERATING ACTIVITIES      (1,235,279)      (753,317)

CASH FLOWS FROM INVESTING ACTIVITIES
  Purchases of property and equipment              (390,672)      (269,526)
  Proceeds from sale of property and equipment         -             7,000
  Acquisition of business                          (213,698)          -
                                                   ---------       --------
   NET CASH (USED IN) INVESTING ACTIVITIES         (604,370)      (262,526)

CASH FLOWS FROM FINANCING ACTIVITIES
  Proceeds from line of credit - majority
     stockholder                                   1,800,000     1,000,000
  Issuance of common stock                             1,000         1,000
                                                   ---------     ---------
    NET CASH PROVIDED BY FINANCING ACTIVITIES	   1,801,000     1,001,000
                                                   ---------     ---------
NET DECREASE IN CASH AND CASH EQUIVALENTS           (39,649)       (14,843)

CASH AND CASH EQUIVALENTS,
  BEGINNING OF PERIOD                                191,157       174,464
                                                  ----------    ----------
CASH AND CASH EQUIVALENTS, END OF PERIOD          $  151,508    $  159,621
                                                  ==========    ==========

The accompanying unaudited notes are an integral part of these statements.
</TABLE>
<PAGE>
                         TELVUE CORPORATION AND SUBSIDIARY
                     NOTES TO CONSOLIDATED 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 accordance 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, 2007 and the results of operations for the three
and six months ended June 30, 2007 and 2006 and cash flows for the six
months ended June 30, 2007 and 2006.

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 TelVue Corporation's Annual Report on Form 10-KSB for the year
ended December 31, 2006, as filed with the Securities and Exchange
Commission.

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

Basis of Consolidation
----------------------

The consolidated financial statements include the accounts of TelVue
Corporation ("TelVue" or the "Company") and its wholly-owned subsidiary,
Princeton Server Group, Inc. ("PSG"), from the date of its acquisition,
which was March 12, 2007.  Significant intercompany accounts and
transactions have been eliminated in consolidation.

Business Combination
--------------------
In accordance with Statement of Financial Accounting Standards ("SFAS")
No. 141, "Business Combinations", the Company accounts for all business
combinations by the purchase method.  Furthermore, the Company recognizes
intangible assets apart from goodwill if they arise from contractual or
legal rights or if they are separable from goodwill.

Goodwill, Trademarks and Other Intangible Assets
------------------------------------------------

In accordance with SFAS No. 142, "Goodwill and Other Intangible Assets",
the Company classifies intangible assets into three categories:

(1) intangible assets with definite lives subject to amortization,
(2) intangible assets with indefinite lives not subject to amortization,
and (3) goodwill.  The Company tests intangible assets with definite lives
for impairment if conditions exist that indicate the carrying value may not
be recoverable.  Such conditions may include an economic downturn in a
geographic market or a change in the assessment of future operations.  The
Company records an impairment charge when the carrying value of the
definite lived intangible asset is not recoverable by the cash flows
generated from the use of the asset.

Intangible assets with indefinite lives and goodwill are not amortized.
The Company tests these intangible assets and goodwill for impairment at
least annually or more frequently if events or circumstances indicate that
such intangible assets or goodwill might be impaired.  All goodwill is
assigned to reporting units, which are one level below our operating
segments.  Goodwill is assigned to the reporting unit that benefits from
the synergies arising from each business combination.  The Company performs
impairment tests of goodwill at each reporting unit level.  Such impairment
tests for goodwill include comparing the fair value of the respective
reporting unit with its carrying value, including goodwill.  When the fair
value is less than the carrying value of the intangible assets or the
reporting unit, the Company records an impairment charge to reduce the
carrying value of the assets to fair value.

The Company determines the useful lives of our identifiable intangible
assets after considering the specific facts and circumstances related to
each intangible asset.  Factors the Company considers when determining
useful lives include the contractual term of any agreement, the history of
the asset, the Company's long-term strategy for the use of the asset, any
laws or other local regulations which could impact the useful life of the
asset, and other economic factors, including competition and specific
market conditions. Intangible assets that are deemed to have definite lives
are amortized, generally on a straight-line basis, over their useful lives,
ranging from 1 to 15 years.

2. ACQUISITION
   -----------
On March 12, 2007, the Company acquired all of the issued and outstanding
shares of capital stock of PSG for a purchase price of $6,100,000 in cash
plus the forgiveness of a $400,000 loan owed by PSG.  The acquisition was
funded with funds drawn under a $10,000,000 line of credit held by the
Company with the Company's majority stockholder, H. F. (Gerry) Lenfest
The Company accounts for this acquisition as a business combination under
the purchase method of accounting.  The results of PSG are included in the
Company's TVTN/PSG operating segment.

Upon closing of the acquisition, the Company made preliminary estimates of
the fair values of the assets and liabilities for consolidation.  The
Company has since obtained a third-party valuation for many of the assets
and liabilities acquired.  There were no material differences between the
preliminary estimates and the final valuations.  The amount of purchase
price allocated to software is $3,600,000, patent applications are
$788,000, other finite-lived intangible assets are $160,000, trademarks are
$397,000 and goodwill is approximately $1,900,000.  The trademarks have
been assigned an indefinite life.

The accompanying financial statements include the operations of PSG since
the date of acquisition.

The following unaudited pro forma information for the six months ended June
30, 2007 and 2006, is presented as if the acquisition of PSG occurred on
January 1, 2006.  This information is based on historical results of
operations, adjusted for acquisition costs, and, in the opinion of
management, is not necessarily indicative of what the results would have
been had the Company operated PSG since January 1, 2006.

                                                     2007          2006
                                                 ------------   ------------

	Revenues             			 $ 2,168,179    $ 1,796,741
	Net loss               			 $(2,135,357)   $(1,713,050)
        Basic and diluted net loss per share     $      (.04)   $      (.04)


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

         SUPPLEMENTAL SCHEDULE RELATING TO ACQUISITION
         ---------------------------------------------

  Accounts receivable                             $   105,634
  Inventory                                           104,393
  Property and equipment                              129,707
  Definite-lived intangible assets                  4,548,720
  Goodwill                                          1,894,829
  Other indefinite-lived intangible assets            397,260
  Accounts payable and accrued expenses              (279,533)
  Deferred service revenue                           (186,983)
  Note payable                                       (400,329)
  Amount financed                                  (6,100,000)
                                                   ----------
  CASH PAID FOR ACQUISITION                       $   213,698
                                                  ===========

No income taxes or interest were paid during either the six months ended
June 30, 2007 or 2006.

NON-CASH INVESTING AND FINANCING TRANSACTIONS
---------------------------------------------

During the six months ended June 30, 2007, the Company received marketable
securities with a value of $63,719 from a customer as partial payment of
outstanding receivables.

4.  EARNINGS PER COMMON SHARE
    -------------------------

Basic earnings per common share is computed by dividing net income, after
deduction of preferred stock dividends, when applicable, 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 six months
ended June 30, 2007 and 2006, no potential common shares were included in
the computation of a diluted per share amount since such potential common
shares would not have a dilutive effect.

5.  CORPORATE INCOME TAXES
    ----------------------

The Company uses the asset and liability method of accounting for income
taxes in accordance with SFAS No. 109, "Accounting for Income Taxes".  SFAS
No. 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 benefit from continuing operations for the
six months ended June 30, 2007 and 2006 consisted of the following
components:

                                                 2007              2006
                                              -----------        ----------
Current
 Federal                                       $    -             $   -
 State                                              -                 -
                                              -----------        ----------
                                                    -                 -
Deferred
 Federal                                         443,000           217,000
 State                                           121,000            60,000
                                               ----------        ----------
                                                 564,000           277,000
Valuation allowance increase                    (564,000)         (277,000)
                                               ----------        ----------
                                                    -                 -
                                               ----------        ----------
                                               $    -            $    -
                                               ==========        ==========

TelVue recorded an increase in valuation allowance of $564,000 at June 30,
2007 to reduce its deferred tax asset to zero.  The valuation allowance was
recorded due to the uncertainty as to whether future net income would be
generated that would utilize TelVue's net operating loss carry forward.
TelVue's federal net operating loss carry forward was approximately
$6,200,000 on a tax-reporting basis as of June 30, 2007.  The carry forward
will begin to expire in 2010, if not utilized.

In June 2006, the Financial Accounting Standards Board ("FASB") issued FASB
Interpretation No. 48 "Accounting for Uncertainty in Income Taxes - an
interpretation of FASB Statement 109" ("FIN 48").  FIN 48 establishes a
single model to address accounting for uncertain tax positions.  FIN 48
clarifies the accounting for income taxes by prescribing a minimum
recognition threshold a tax position is required to meet before being
recognized in the financial statements.  FIN 48 also provides guidance on
derecognition, measurement, classification, interest and penalties,
accounting in interim periods, disclosure and transition.  The Company
adopted the provisions of FIN 48 on January 1, 2007.  Upon adoption, the
Company recognized no adjustment in the amount of unrecognized tax
benefits.  As of the date of adoption, the Company had no unrecognized tax
benefits.  The Company's policy is to recognize interest and penalties that
would be assessed in relation to the settlement value of unrecognized tax
benefits as a component of income tax expense.

The Company and its subsidiary are subject to U.S. federal income tax as
well as income tax in multiple state jurisdictions.  The Company is no
longer subject to U.S. federal income tax examinations for years before
2003 and state income tax examinations before 2002.  However, to the extent
allowed by law, the tax authorities may have the right to examine prior
periods where net operating losses were generated and carried forward, and
make adjustments up to the amount of the net operating loss carryforward
amount.  The Company is not currently under Internal Revenue Service
("IRS") tax examination.  The Company is not currently under examination by
any state jurisdictions.

6.  NOTES PAYABLE AND LINE OF CREDIT - MAJORITY STOCKHOLDER
    ------------------------------------------------------
Note Payable - Majority Stockholder
-----------------------------------

On June 16, 2005, the members of the Board of Directors of the Company and
Mr. Lenfest, a director and the majority stockholder of the Company,
extended the maturity date of a promissory note in the principal amount of
$541,000 issued by the Company and currently held by Mr. Lenfest (the
"Science Note") to January 1, 2011.  The Science Note was originally issued
by the Company to Science Dynamics Corporation ("Science") and was payable
December 31, 1996.  In January 1995, Mr. Lenfest purchased the Science Note
from Science, and since then the maturity date had been extended by the
Company and Mr. Lenfest on a yearly basis.  The Science Note is non-
interest bearing.

Line of Credit (2005 Note) - Majority Stockholder
-------------------------------------------------

On April 27, 2005, TelVue entered into a Line of Credit Note with Mr.
Lenfest (the "2005 Note").  Under the terms of the 2005 Note, the Company
may borrow, from time to time, up to the maximum principal amount of the
2005 Note which is $3,800,000.  The minimum advance under the 2005 Note is
$100,000 and the interest rate is equal to the prime rate plus one percent
(1%).  The 2005 Note contains customary events of default, including, among
others, non-payment of principal and interest and in the event the Company
is involved in certain insolvency proceedings.  In the event of a default,
all of the obligations of the Company under the 2005 Note may be declared
immediately due and payable.  The Line of Credit is unsecured and will
expire on November 23, 2011, unless extended or renewed.  Principal and
interest on the 2005 Note are also due and payable on November 23, 2011.
As of June 30, 2007, the Company has borrowed $3,800,000 under the 2005
Note, fully exhausting the Note, with accrued interest of $258,824.

Line of Credit (2006 Note) - Majority Stockholder
-------------------------------------------------

On November 3, 2006, the Company entered into an additional Line of Credit
Note (the "2006 Note") with Mr. Lenfest, in the principal amount of Ten
Million Dollars ($10,000,000).  Under this Line of Credit, the Company may
request up to $5,000,000 for general working capital.  The Company may
request up to an additional $5,000,000 available under this Line of Credit
for purposes other than general working capital upon mutual agreement by
the Company and Mr. Lenfest.  The minimum advance under the 2006 Note is
$100,000 and the interest rate is equal to the prime rate plus one percent
(1%).  The 2006 Note contains customary events of default, including, among
others, non-payment of principal and interest and in the event TelVue is
involved in certain insolvency proceedings.  In the event of a default, all
of the obligations of the Company under the 2006 Note may be declared
immediately due and payable.  The 2006 Note is unsecured and will expire
six years from the date of the first advance under the 2006 Note unless
extended or renewed.  Principal and interest are also due and payable six
years from the date of the first advance under the 2006 Note. As of June
30, 2007, the Company has borrowed $6,700,000 under the 2006 Note with
accrued interest of $192,354.

On December 26, 2006, TelVue borrowed $400,000 from Mr. Lenfest under the
2006 Note, to loan to PSG to fund their operating expenses (the "PSG
Note").  The PSG Note was a convertible note that bore interest at a rate
of six percent (6%) per annum.  No payments of principal or interest were
due until July 1, 2007.  Under the PSG Note interest accrued through July
1, 2007 was to be added to the principal.  Interest was payable monthly
from July 1, 2007 through January 1, 2008.  The remaining balance was
payable in forty eight (48) monthly installments of principal and interest
commencing February 1, 2008. The PSG Note was scheduled to mature in
January 2012.  The Company had the option to convert the unpaid principal
balance of the PSG Note and all accrued interest into common stock of PSG.
In connection with the PSG Note, TelVue received a warrant, which entitled
TelVue to purchase 129,629 shares of common stock of PSG for $1.08 per
share.  The warrant was to commence on July 1, 2007 and expire on December
31, 2016.  The PSG Note was forgiven on March 12, 2007, in connection with
TelVue's acquisition of all of the outstanding stock of PSG.

On March 12, 2007, PSG was acquired by TelVue for $6,100,000 and the
forgiveness of the PSG Note (described above).  TelVue borrowed the
$6,100,000 from Mr. Lenfest under the 2006 Note.  PSG develops high
performance digital video systems, appliances, and software that support
capture, storage, manipulation and play-out of digital media in multiple
popular formats.  PSG markets its product to PEG TV and local origination
broadcast stations, professional broadcast stations and schools and
universities.  TelVue acquired PSG as a complement to its TVTN Network with
the objective being to offer towns, municipalities and schools a packaged
turnkey product of hardware and software.

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

See Note 6, included herein, for information of related party transactions
between TelVue and its majority stockholder.

8. FINANCIAL DATA BUSINESS SEGMENT
   -------------------------------

Based on the criteria set forth in SFAS No. 131 "Disclosures about Segments
of an Enterprise and Related Information", the Company operates two
business segments.  One segment is a marketing and service division, which
sells automatic number identification ("ANI") telecommunications services
to the cable television industry.  The other segment ("TVTN/PSG") is a
system for displaying a fully automated TV station-like display on a cable
system access channel using computer based digital technology. The TVTN/PSG
segment includes PSG, which was acquired on March 12, 2007.  PSG develops
high performance digital video systems, appliances, and software that
support capture, storage, manipulation and play-out of digital media in
multiple popular formants.

Summarized financial information by reporting segment as of and for each of
the six months ended June 30, 2007 and 2006, is as follows:

Six months ended June 30, 2007       ANI      TVTN/PSG      Total
--------------------------------- ---------  ----------  ----------

Revenues                          $ 695,451  $1,182,183  $1,877,634
Operating income/(loss)             239,033  (1,526,099) (1,287,066)
Interest expense                       -        339,443     339,443
Net income/(loss)                   265,828  (1,861,621) (1,595,793)
Capital expenditures                   -        390,672     390,672

Six months ended June 30, 2006       ANI       TVTN/PSG     Total
--------------------------------- ---------   ---------- ----------

Revenues                          $ 792,121  $  227,336  $1,019,457
Operating income/(loss)             375,588  (1,124,462)   (748,874)
Interest expense                       -         30,391      30,391
Net income/(loss)                   382,588  (1,154,003)   (771,415)
Capital expenditures                   -        269,526     269,526

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

The Company provided ANI service to Adelphia Communications ("Adelphia").
Adelphia filed for Chapter 11 bankruptcy on June 25, 2002.  At the time of
the filing pre-bankruptcy, outstanding accounts receivable from Adelphia of
$157,210 were 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.  During August 2006, the Company received payments totaling
$48,949 from Adelphia which represented payment of a number of outstanding
invoices at 100% of their value.  Because these invoices had a previously
established bad debt reserve of 50% of their value, the Company reduced the
bad debt reserve by $24,474 at September 30, 2006.  In February 2007, the
Company received payment in full for all outstanding invoices including
accrued interest.  The payment was made partially in cash, with the
remainder being paid through the issuance of Time Warner Cable stock with a
value of $63,719 at the time of the payment.

<PAGE>

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

OVERVIEW OF COMPANY:

    TelVue operates two business segments.  The legacy segment is a
marketing and service company which sells automatic number identification
("ANI") telecommunications services to the cable television industry for
the automated ordering of pay-per-view features and events (the "ANI
service"). The second segment ("TVTN/PSG") includes TelVue Virtual
Television Networks ("TVTN"), which is a system for displaying a fully
automated TV station-like display on a cable system access channel using
computer based digital technology.  The TVTN/PSG segment also includes
Princeton Server Group, Inc, ("PSG"), which was acquired on March 12, 2007.
PSG develops high performance digital video systems, appliances, and
software that support capture, storage, manipulation and play-out of
digital media in multiple popular formats.

     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.  The equipment
also announces 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
Verizon. TelVue believes it receives a favorable trunk usage rate from
Verizon.

     In 2003, TelVue developed the TVTN product and service and has applied
for three patents related to 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 and school districts as a means of providing richer
and more robust TV programming for their local Cable TV Public, Education
and Government Local Access Channels ("PEG Channels").  Currently, many
municipalities use a simple TV display made up of only text messages with
background music. TelVue offers two different billing programs.  Under the
first billing program, TelVue directly charges the municipalities monthly
support fees along with a one-time installation and programming fee.  Under
the second billing program, TelVue offers a sponsorship program that finds
regional and local businesses as sponsors or underwriters for TVTN clients
to help defray TVTN charges.  In return, the TVTN client places an
acknowledgement of the sponsor's support on its town or school's access
channel.  While TVTN specializes in creating a customized look for the PEG
Channels and provides localized and dynamic content, PSG provides digital
server technology to store, schedule, archive and playback video during the
video content time allocated on the PEG Channel.  TelVue acquired PSG because
it believes PSG and the TVTN Network together will provide a complete
technology and support solution to owners and operators of PEG Channels.
As a compliment to its TVTN service, TelVue has introduced technology
enabling local emergency management officials to send emergency messages by
e-mail to residents' cell phones and computers.  This four-in-one
technology provides simultaneous phone, e-mail, website and television
notification.  The new capability will be available exclusively to
residents in towns affiliated with TVTN.

RESULTS OF OPERATIONS:

     The following discussion deals, at some length, with the decrease in
operating income for the three and six months ended June 30, 2007, compared
to the three and six months ended June 30, 2006, and the reasons for the
decrease. TelVue further discusses the continued loss of its subscriber
base for the ANI service when comparing the three and six months ended June
30, 2007 to the three and six months ended June 30, 2006.  The subscriber
decline is the result of cable operators moving to digital services which
limit the number of analog pay-per-view channels available for content and
allows the cable operator's customers to order digital pay-per-view or
video on demand via the set top box.   TelVue also discusses the marketing
of its TVTN/PSG service and the growth in TVTN/PSG revenue and expenses.

     The ANI segment had operating income of $98,578 and $239,033 for the
three and six months ended June 30, 2007, compared to $186,530 and $375,588
for the three and six months ended June 30, 2006. The decrease in operating
income was mainly a result of the decrease in ANI service revenue of
$43,820 and $96,670 for the three and six months ended June 30, 2007,
respectively, when compared to the same period of 2006.  As expected, pay-
per-view buy revenue decreased $7,647 and $17,832 for the three and six
months ended June 30, 2007, and feature revenue decreased $63,021 and
$107,056 for the three and six months ended June 30, 2007 when compared to
the same periods of 2006.  These decreases were mainly due to a reduction
in the number of subscribers served during this period when compared to
2006 (as discussed below).  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.

     As of June 30, 2007, TelVue was serving approximately 4.6 million
full-time cable subscribers compared to approximately 5.0 million full-time
cable subscribers served as of June 30, 2006.    During the six months
ended June 30, 2007, approximately 1.5 million full-time and part-time
cable subscribers cancelled the ANI service, the largest being Time Warner
Cable in New York, NY, which accounted for 1.1 million part-time
subscribers.  During the same period, 85,000 new cable subscribers were
added to the ANI service.  The cable operators cancelled the ANI service
primarily as a result of moving their subscribers onto two-way digital
service which allows the cable operator to process ordering of pay-per-view
movies and events directly from its customers without using TelVue's ANI
service.  Management believes the long-term effects of deployment of
digital two-way service will continue to negatively impact the TelVue ANI
service.  As a result of the cable and satellite subscriber cancellations
noted above, TelVue expects to continue to decrease its revenue and
operating income indefinitely for its ANI segment.

     ANI cost of revenues increased $12,462 for the three months ended June
30, 2007, when compared to the same period of 2006.  This increase was
primarily due to higher current year expense for trunk lines related to pay
per view events, offset by savings in data link lines, software maintenance
and compensation expenses as a result of allocating more of the technical
payroll and benefits to the TVTN/PSG segment.  For the six months ended
June 30, 2007, ANI cost of revenues decreased by $5,991.  This decrease was
primarily due to a favorable variance in software maintenance expense of
$28,638 as a result of reversing 2006 accrued but unbilled expenses for
Telco Solutions, Inc., TelVue's HP software support provider ("Telco
Solutions").  Telco Solutions and TelVue worked out an arrangement to allow
Telco Solutions to co-locate equipment at the TelVue facility.  In exchange
for the co-location, Telco Solutions waived their 2006 and 2007 software
maintenance fees.  Trunk lines showed an increase of $57,853 as a result of
credits received in 2006 related to prior over-charges, in addition to
increased current year usage for pay per view events.  There was also a
reduction in technical payroll, payroll taxes and benefits for the six
month period of $22,226 when compared to the same period of 2006 as a
result of the previously mentioned increase in the amount allocated to the
TVTN/PSG segment.  Selling expenses related to the ANI service increased
$2,092 and $9,095 for the three and six months ended June 30, 2007,
respectively, when compared to the same periods of 2006.  The increase for
the six months ended June 30, 2007 was primarily the result of higher
current year commission expense due to 85,000 cable subscribers being
adding in 2007 as opposed to zero in 2006.  ANI segment general and
administrative expenses increased $29,258 and $36,395 for the three and six
months ended June 30, 2007, when compared to the same periods of 2006, as a
result of a higher amount of corporate expenses to be allocated than in
2006.

     The TVTN/PSG service had operating losses of $856,389 and $1,526,099
for the three and six months ended June 30, 2007, compared to operating
losses of $597,411 and $1,124,462 for the three and six months ended June
 30, 2006. TVTN/PSG service revenue increased $781,730 and $954,847 for the
three and six months ended June 30, 2007, compared to the same periods of
2006.  The majority of the revenue increases were attributed to the PSG
operating unit, which was acquired on March 12, 2007.  To help speed TVTN
penetration, shorten the sale cycle, and assist clients in finding funding
for the TVTN service, TelVue offers a sponsorship program that finds
regional and local businesses as sponsors or underwriters for TVTN clients
to help defray TVTN charges.  In return, the TVTN client places an
acknowledgement of the sponsor's support on its town or school's access
channel. Many towns have adopted this method of funding the cost of the
TVTN service. As of June 30, 2007, TVTN was providing service to 116
towns/schools/retirement communities compared to 59 towns at June 30, 2006,
and also had 98 sponsors launched and funding the town's channel as of June
30, 2007, compared to 62 sponsors launched at June 30, 2006.  TelVue is
marketing the TVTN service nationally with an initial focus in New Jersey,
Pennsylvania and Delaware.  TelVue has sold the service to clients in
California, Florida, Massachusetts, Missouri, New York, North Carolina and
Virginia; the remainders are in the New Jersey, Pennsylvania and Delaware
areas.  PSG's traditional marketing efforts have been at conferences,
seminars and trade shows, in addition to the use of direct mail and
referrals.  PSG has sold equipment in 30 different states and the District
of Columbia.  Cost of revenues for the TVTN/PSG service increased $305,171
and $369,179 for the three and six months ended June 30, 2007, when
compared to the same periods of 2006, mainly as a result of payroll for
additional production and design personnel, in addition to the expenses
associated with the PSG operating unit.  Selling expenses related to the
TVTN/PSG service increased $129,799 and $258,047 for the three and six
months ended June 30, 2007, when compared to the same periods of 2006.
This increase was a result of additional sales personnel hired to
aggressively market and sell the TVTN/PSG services, as well as increases in
advertising, commission, travel and trade show expenses combined with the
operating expenses of the PSG unit.  TVTN/PSG general and administrative
expenses increased $416,300 and $486,864 for the three and six months ended
June 30, 2007 when compared to the same periods of 2006.  This increase was
primarily a result of allocating a larger portion of rent and other
operational expenses to the TVTN/PSG segment, along with the addition of
the expenses related to the PSG operating unit.  As with many start-up
ventures, management anticipates that expenses will continue to grow as the
operations and marketing efforts for the TVTN/PSG service increase.

    TelVue had net losses of $998,146 and $1,595,793 for the three and six
months ended June 30, 2007, compared to a net loss of $424,230 and $771,415
for the three and six months ended June 30, 2006.  At June 30, 2007 and
2006, TelVue recorded valuation allowance increases of $564,000 and
$277,000, respectively, to reduce its deferred tax asset to zero. The
valuation allowances were recorded due to the uncertainty as to whether
future net income would be generated that would utilize TelVue's net
operating loss carry forward.  TelVue's federal net operating loss carry
forward was approximately $6,200,000 on a tax-reporting basis as of June
30, 2007 (see Note 5 of TelVue's accompanying financial statements).

     During the six months ended June 30, 2007, TelVue purchased $390,672
of equipment compared to $269,526 purchased during the six months ended
June 30, 2006.  The majority of the equipment purchased during the six
months ended June 30, 2007 and 2006 was for software development and
equipment related to the TVTN service.  Depreciation and amortization
expense increased $189,758 and $242,780 for the three and six months ended
June 30, 2007, as a result of the capital purchases, in addition to the
amortization expense related to the PSG intangible assets. Depreciation and
amortization accounted for 15% and 8% of total operating expenses for the
six months ended June 30, 2007 and 2006, respectively.

     As of June 30, 2007, TelVue maintained a bad debt reserve in the
amount of $5,700.  The reserve was calculated based on the estimate that 1%
of outstanding receivables would not be collected.

     TelVue's days for sales in average accounts receivable was 49 days at
June 30, 2007, compared to 43 days at June 30, 2006, not including the
outstanding balances due from Adelphia Cable. TelVue does not offer
incentives or discounts to its customers, nor has it changed its credit
terms with its customers.  TelVue had negative cash flow from operating
activities of $1,235,279 and $753,317 for the six months ended June 30,
2007 and 2006, respectively.  The decrease in cash flow compared to 2006
was primarily due to a reduction in ANI service revenue and an increase in
TVTN/PSG expenses (as described above).

LIQUIDITY AND CAPITAL RESOURCES:

     Since November 2, 1989, TelVue has funded its expansion and operating
deficit from the proceeds of the sale of shares of TelVue's common stock
and preferred stock to Mr. H.F. Lenfest, TelVue's majority stockholder
("Mr. Lenfest"), and from loans from Mr. Lenfest.

     In addition to these borrowings, during January 1995, Mr. Lenfest
purchased, from Science Dynamics Corporation ("Science"), TelVue's non-
interest bearing note in the amount of $541,000 (the "Science Note").  The
Science Note was originally issued by TelVue to Science and was payable
December 31, 1996.  The maturity date of the Science Note had been extended
by TelVue and Mr. Lenfest on a yearly basis.  On June 16, 2005, the members
of the Board of Directors of TelVue and Mr. Lenfest extended the maturity
date of the non-interest bearing Science Note in the principal amount of
$541,000 to January 1, 2011.

    On April 27, 2005, TelVue entered into a Line of Credit Note (the "2005
Note) with Mr. Lenfest.  The 2005 Note was secured to provide funding to
grow the TVTN service.  Under the terms of the 2005 Note, TelVue may
borrow, from time to time, up to the maximum principal amount of the 2005
Note, which is $3,800,000.  The minimum advance under the 2005 Note is
$100,000 and the interest rate of the 2005 Note is equal to the prime rate
plus one percent (1%).  The 2005 Note contains customary events of default,
including, among others, non-payment of principal and interest and in the
event TelVue is involved in certain insolvency proceedings.  In the event
of a default, all of the obligations of TelVue under the 2005 Note may be
declared immediately due and payable. The 2005 Note is unsecured and will
expire six years from the date of the first advance under the 2005 Note,
which is November 23, 2011, unless extended or renewed.  Principal and
interest on the 2005 Note are also due and payable on November 23, 2011.
Since the inception of this note, TelVue has borrowed $3,800,000 under the
terms of the 2005 Note and accrued interest on the borrowings in the amount
of $258,824 as of June 30, 2007, fully exhausting this note.

     As a result of the anticipated exhaustion of the funds available under
the 2005 Note, TelVue entered into an additional Line of Credit Note (the
"2006 Note") with Mr. Lenfest on November 3, 2006, in the principal amount
of $10,000,000.  Under the 2006 Note, TelVue may request up to $5,000,000
for general working capital.  TelVue may request up to an additional
$5,000,000 available under the 2006 Note for purposes other than general
working capital upon mutual agreement by TelVue and Mr. Lenfest.  The
minimum advance under the 2006 Note is $100,000 and the interest rate of
the 2006 Note is equal to the prime rate plus one percent (1%).  The 2006
Note contains customary events of default, including, among others, non-
payment of principal and interest and in the event TelVue is involved in
certain insolvency proceedings.  In the event of a default, all of the
obligations of TelVue under the 2006 Note may be declared immediately due
and payable. The 2006 Note is unsecured and will expire six years from the
date of the first advance under the 2006 Note unless extended or renewed.
Principal and interest on the 2006 Note are also due and payable six years
from the date of the first advance under the 2006 Note. As of June 30,
2007, the Company has borrowed $6,700,000 under the 2006 Note with accrued
interest in the amount of $192,354.

     On June 16, 2005, Mr. Lenfest, the holder of all of TelVue's
outstanding Class A Redeemable Convertible Preferred Stock (the "Preferred
Stock"), informed TelVue of his intent to convert all of his 3,518,694
shares of Preferred Stock into TelVue's common stock. Each share of
Preferred Stock was convertible into 6.667 shares of common stock.  The
conversion of the Preferred Stock to common stock occurred on August 2,
2005, upon Mr. Lenfest's delivery of the Preferred Stock in the form of a
lost certificate affidavit. As a result of the conversion, TelVue issued
23,459,133 shares of Common stock to Mr. Lenfest.  Mr. Lenfest's beneficial
ownership interest in the common stock of TelVue, after the cancellation of
the Warrants to purchase common stock described below, was approximately
78.7 percent as of December 31, 2005.  The Preferred Stock was eliminated
and is included as 23,459,133 shares of common stock in the stockholders'
equity section of the balance sheet.  On August 21, 2006, the Board of
Directors, with Mr. Lenfest abstaining, waived the two year holding period
required to receive the full voting power of ten votes per share for the
23,459,133 shares of common stock Mr. Lenfest received for the conversion
of his Preferred Stock.

     The Preferred Stock had a par value of $1 per share and provided for a
cumulative six percent (6%) semiannual dividend.  The dividend was payable
in cash or additional shares of Preferred Stock at $1 per share, at
TelVue's option. TelVue had accrued dividends on the Preferred Stock since
the beginning of 1998, but no dividends had been paid.  On June 16, 2005,
Mr. Lenfest agreed to relinquish his right to all accrued but unpaid
dividends attributable to the Preferred Stock.  Therefore, $3,061,269 of
accrued dividends was reversed and is included in stockholders' equity as a
decrease to TelVue's accumulated deficit.

     TelVue's ability to fully fund its operating expenses has suffered by
the loss of a large number of its subscriber base for the ANI service.  As
discussed above, TelVue anticipates a continued decrease in revenue and an
increase in net loss for the ANI service.  In order to continue to fund a
majority of its ANI operating expenses, TelVue needs to retain its current
subscriber base level. Management believes that over time, continued
erosion will occur in the subscriber base.  As discussed above, during the
six months ended June 30, 2007, TelVue had 1,493,000 subscribers cancel
service and only 85,000 new subscribers were added to the ANI service. The
cable operators cancelled the ANI service primarily as a result of moving
their subscribers onto two-way digital service.

     TelVue is dependent upon Mr. Lenfest for funds to pay the majority of
operating and capital expenditures for the TVTN Network as well as the
newly acquired PSG subsidiary.  As discussed above TelVue believed the
financing from Mr. Lenfest under the 2005 Note described above would be
exhausted by approximately August 2007 or sooner.  As a result, TelVue
secured the 2006 Note from Mr. Lenfest to help TelVue grow the TVTN service
to a profitable level.  Both the 2005 Note and 2006 Note has helped and
will continue to help fund the growth of the TVTN Network and the PSG
subsidiary, as well as fund the ANI service in the event it becomes cash
flow negative.  While maintaining the ANI pay-per-view ordering business,
TelVue intends to continue to aggressively market and sell the TVTN Network
and PSG services.  However, there can be no assurance that its marketing
efforts will be successful.

ITEM 3.  CONTROLS AND PROCEDURES

(a) Evaluation of Disclosure Controls and Procedures.  TelVue's Chief
Executive Officer and its Treasurer (Controller), have evaluated the
effectiveness of TelVue's disclosure controls and procedures (as defined in
the Securities Exchange Act of 1934 Rules 13a-15(e) and 15d-15(e) of the
Securities Exchange Act of 1934, as amended) as of the end of the period
covered by this report.  Based upon that evaluation, TelVue's Chief
Executive Officer and its Treasurer (Controller) have concluded that
TelVue's disclosure controls and procedures were adequate and effective to
ensure that material information relating to TelVue would be made known to
them by others within TelVue, 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 5, 2007.  The
following five directors were elected:

                            Vote For     Votes Withheld  Votes Abstained
                          ------------   --------------  ---------------
1. H.F. Lenfest            373,352,149       128,125            0
2. Joseph Murphy           373,352,149       128,125            0
3. Frank Carcione          373,352,149       128,125            0
4. Joy Tartar              373,412,149        68,125            0
5. Robert Lawrence         373,412,149        68,125            0


ITEM 6.  EXHIBITS

       Exhibits

3.1    Certificate of Incorporation of TelVue (incorporated by
       reference to TelVue's Registration Statement on Form S-8, filed
       with the Securities and Exchange Commission on April 20, 1989
       (the "Registration Statement"), File No. 333-28263).

3.2    Bylaws of TelVue (incorporated by reference to TelVue's
       Registration Statement, File No. 333-288263).

3.3    Certificate of Amendment of Certificate of Incorporation of TelVue,
       dated April 11, 1990 (incorporated by reference to TelVue's Annual
       Report on Form 10-K for the year ended December 31, 1991, (the
       "1991 Form 10-K"), File No. 000-17170).

3.4    Certificate of Amendment of Certificate of Incorporation of TelVue,
       dated March 15, 1991 (incorporated by reference to the 1991
       Form 10-K, File No. 000-17170).

3.5    Form of copy of Amendment of Certificate of Incorporation of TelVue,
       filed September 25, 1995 (incorporated by reference to the
       TelVue's Form 10-QSB for the period ended September 30, 1995, (the
       September 30, 1995 Form 10-QSB, File No. 000-17170).

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") File No. 000-17170).

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") File No. 000-17170).

4.3    Form of NQSO Option Agreement issued pursuant to the 1999 Stock
       Option Plan (incorporated by reference to the 1999 Form 10-KSB, File
       No. 000-17170).

4.4    Certificate of Designation of Class A Preferred Stock (incorporated
       by reference to the September 30, 1990 Form 10-Q, File No.
       000-17170).

4.5    Warrant Termination Agreement, dated June 16, 2005, by and between
       TelVue and H.F. (Gerry) Lenfest (incorporated by reference to the
       September 30, 2005 Form 10-QSB, File No. 000-17170).

4.6    Waiver by H.F.(Gerry) Lenfest, waiving the right to receive past,
       present or future dividends with respect to the TelVue's Class A
       Redeemable Convertible Preferred Stock (incorporated by reference
       to the September 30, 2005 Form 10-QSB, File No.000-17170).

10.1   Distributorship Agreement, dated November 2, 1989, between the
       Company and Science (incorporated by reference to the 1989 Form
       10-K, File No. 000-17170).

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"), File No. 000-17170).

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, File No. 000-17170).

10.4   Option Agreement, dated November 2, 1989, among TelVue and
       certain of its stockholders (incorporated by reference to the 1989
       Form 8-K, File No. 000-17170).

10.5   Lease Agreement dated April 25, 1991 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, File No. 000-17170).

10.6   Second Amendment to Office Lease Agreement Dated May 5, 1999,
       between TelVue and Bloom Associates (incorporated by reference
       to the 1999 Form 10-KSB, File No. 000-17170).

10.7   Third Amendment to Office Lease Agreement Dated April 28, 2004,
       between TelVue and Bloom Associates (incorporated by reference
       to the June 30, 2006 Form 10-QSB, File No. 000-17170).

10.8   Fourth Amendment to Office Lease Agreement Dated April 19, 2006,
       between TelVue and The Bloom Organization of South Jersey, LLC
       (incorporated by reference to the June 30, 2006 Form 10-QSB, File
       No. 000-17170).

10.9   Asset Purchase Agreement by and among TelVue and 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, File No. 000-17170).

10.10  Retirement Agreement dated April 29, 2004 between TelVue and Frank
       J. Carcione (incorporated by reference to the December 31,
       2004 Form 10-KSB (the "2004 Form 10-KSB"), File No. 000-17170).

10.11  Summary of Director Compensation (incorporated by reference to the
       2004 Form 10-KSB, File No. 000-17170).

10.12  Summary of Executive Compensation, as amended (included herein).

10.13  Line of Credit Note, dated April 27, 2005,  between H.F. (Gerry)
       Lenfest and TelVue (incorporated by reference to the Form 8-K
       filed on May 3, 2005, File No. 000-17170).

10.14  Amended and Restated Promissory Note, in the principal amount of
       $541,000, dated June 16, 2005, between H.F. (Gerry) Lenfest and
       TelVue (incorporated by reference to the September 30, 2005 Form
       10-QSB, File No. 000-17170).

10.15  Line of Credit Note, dated November 3, 2006,  between H.F. (Gerry)
       Lenfest and TelVue (incorporated by reference to the Form 8-K
       filed on November 3, 2006, File No. 000-17170).

10.16  Stock Purchase Agreement by and among TelVue and Princeton Server
       Group, Inc. dated March 12, 2007 (incorporated by reference to the
       March 13, 2007 Form 8-K, File No. 000-17170).

10.17  Convertible Note for $400,000 dated December 26, 2006 issued to
       TelVue by the Princeton Server Group, Inc. (incorporated by
       reference to the December 31, 2006 Form 10-KSB, File No. 000-17170)

10.18  Separation Agreement by and between TelVue and Stanley Greene, dated
       December 29, 2006 (incorporated by reference to the December 31,
       2006 Form 10-KSB, File No. 000-17170).

10.19  Separation Agreement by and between TelVue and Irene DeZwaan, dated
       February 8, 2007 (incorporated by reference to the December 31, 2006
       Form 10-KSB, File No. 000-17170).

10.20  Amendment to Form 8-K filed by TelVue Corporation ("TelVue") on
       March 13, 2007 (the "Original 8-K") to include the information
       required by Item 9.01 of the Form 8-K in connection with TelVue's
       acquisition of Princeton Server Group, Inc.("PSG"). incorporated by
       reference to the May 12, 2007 Form 8-K/A, File No. 000-17170).

11.    Statement re:  Computation of Per Share Earnings (see TelVue's
       June 30, 2007 Financial Statements included herein).

23.    Consent of Pressman Ciocca Smith LLP, Independent Registered Public
       Accounting Firm (incorporated by reference to the 2006 Form 10-KSB,
       File No. 000-17170).

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:  8/14/07                   By:    /s/Joseph M. Murphy
                                        ----------------------------------
                                        Joseph M. Murphy
                                        President (Chief Executive Officer)


DATED:  8/14/07                   By:   /s/John Fell
                                        ----------------------------------
                                        John Fell
                                        Treasurer (Controller)


                           EXHIBIT INDEX

10.12 Summary of Executive Compensation

      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.

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

      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.

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

EXHIBIT 10.12

                   SUMMARY OF EXECUTIVE COMPENSATION

Joseph M. Murphy, President and Chief Executive Officer, is employed on an
at-will basis and is paid an annual salary of $205,000 and an annual car
allowance of $5,400.  Mr. Murphy also receives, as do all other TelVue
employees, health, dental, disability and life insurance benefits as well
as a contribution of 2.5% of his annual salary to TelVue's 401K Plan.  Mr.
Murphy, like all other TelVue employees, is eligible to receive stock
option grants under the TelVue Stock Option Plan.

Jesse Lerman, Executive Vice President of Engineering, is employed on an
at-will basis and is paid an annual salary of $155,000.  Mr. Lerman also
receives, as do all other TelVue employees, health, dental, disability and
life insurance benefits as well as a contribution of 2.5% of his annual
salary to TelVue's 401K Plan.  Mr. Lerman, like all other TelVue employees,
is eligible to receive stock option grants under the TelVue Stock Option
Plan.

Randy Gilson, Vice President of Technical Services, is employed on an at-
will basis and is paid an annual salary of $120,105 and an annual car
allowance of $4,800.  Mr. Gilson also receives, as do all other TelVue
employees, health, dental, disability and life insurance benefits as well
as a contribution of 2.5% of his annual salary to TelVue's 401K Plan.  Mr.
Gilson, like all other TelVue employees, is eligible to receive stock
option grants under the TelVue Stock Option Plan.

John Fell, Controller, is employed on an at-will basis and is paid an
annual salary of $112,500.  Mr. Fell also receives, as do all other TelVue
employees, health, dental, disability and life insurance benefits as well
as a contribution of 2.5% of his annual salary to TelVue's 401K Plan.  Mr.
Fell, like all other TelVue employees, is eligible to receive stock option
grants under the TelVue Stock Option Plan.


EXHIBIT 31.1
CERTIFICATION

	I, Joseph M. Murphy, certify that:

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

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

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

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

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

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

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

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

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

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

Date:  8/14/07

                                          /s/Joseph M. Murphy
                                          --------------------
                                          Joseph M. Murphy
                                          President (Chief
                                          Executive Officer)

EXHIBIT 31.2
CERTIFICATIONS

	I, John Fell, 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:   8/14/07

                                          /s/John Fell
                                          ---------------------
                                          John Fell
                                          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 ended June 30, 2007 as filed with
the Securities and Exchange Commission on the date hereof (the "Report"),
I, Joseph M. Murphy, Chief Executive Officer of the Company, certify,
pursuant to 18 U.S.C. sec. 1350, as adopted pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002, that:

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

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

Date: 8/14/07                       /s/Joseph M. Murphy
                                    --------------------
                                    Joseph M. Murphy
                                    President (Chief Executive Officer)


EXHIBIT 32.2

TELVUE CORPORATION

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

In connection with the Quarterly Report of TelVue Corporation (the
"Company") on Form 10-QSB for the period ended June 30, 2007 as filed with
the Securities and Exchange Commission on the date hereof (the "Report"),
I, John Fell, 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:	 8/14/07                    /s/John Fell
                                    -------------------
                                    John Fell
                                    Treasurer (Controller)