EXHIBIT INDEX APPEARS ON PAGE 17


                     U.S. SECURITIES AND EXCHANGE COMMISSION

                               Washington, DC  20549

                                    FORM 10-QSB

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

                 For the quarterly period ended March 31, 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 May 5, 2004:
24,847,274 shares.

Transitional Small Business Disclosure Format:  Yes       No   X
                                                  ------   ------
This report includes a total of 21 pages.


                         TELVUE CORPORATION

                               INDEX

                                                                      PAGE
                                                                       NO.
                                                                      -----

PART I.   FINANCIAL INFORMATION


          Item 1.  Financial Statements

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

          Statements of Operations for the three
          months ended March 31, 2004 (unaudited)
          and March 31, 2003 (unaudited)

          Statements of Cash Flows for the three months
          ended March 31, 2004 (unaudited)
          and March 31, 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 6.  Exhibits and Reports on Form 8-K


<Page>
<Table>

PART I.  Financial Information
ITEM I.  Financial Statements
                                 TELVUE CORPORATION
                                   BALANCE SHEETS

                                                  March 31,    December 31,
                                                   2004            2003
                                               -------------   -----------
<S>                                              <C>             <C>

ASSETS                                         (Unaudited)              *

CURRENT ASSETS
  Cash and cash equivalents                     $   840,417     $  842,601
  Accounts receivable - trade, net of allowance
   of $91,009 at March 31, 2004 and
   December 31, 2003                                954,164        816,394
  Inventory                                          83,774        184,973
  Deferred tax asset                                300,000        350,000
  Prepaid income taxes                               14,718           -
  Other current assets                               51,356         55,084
                                                -----------     ----------
     TOTAL CURRENT ASSETS                         2,244,429      2,249,052

PROPERTY AND EQUIPMENT
  Machinery and equipment                         5,576,281      5,546,387
  Less accumulated depreciation                   5,337,828      5,289,780
                                                -----------     ----------
                                                    238,453        256,607

OTHER ASSETS
  Deferred tax asset                                144,603        167,581
  Goodwill                                          350,000        350,000
  Covenant not to compete - net of accumulated
   amortization of $7,707 and $7,093 in 2003
   and 2002, respectively                             2,293          2,917
  Other assets                                        8,800          8,800
                                                 ----------     ----------
                                                    505,696        529,298
                                                 ----------     ----------
                                                 $2,988,578     $3,034,957
                                                 ==========     ==========

LIABILITIES AND STOCKHOLDERS' DEFICIT

CURRENT LIABILITIES
  Notes payable - current                        $     -        $   39,953
  Notes payable - majority stockholder              541,000            -
  Accounts payable - trade                          168,512        293,383
  Accrued expenses                                  181,391        163,885
  Deferred service revenue, net of expense            4,511         14,362
  Accrued dividends payable                       2,639,025      2,533,464
                                                -----------     ----------
     TOTAL CURRENT LIABILITIES                    3,534,439      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, 24,847,274 shares issued
  and outstanding at March 31, 2004 and
  December 31, 2003                                 248,473        248,473
  Additional paid-in capital                      1,588,553      1,588,553
  Accumulated deficit                            (5,901,581)    (5,906,810)
                                                 -----------    -----------
                                                 (4,064,555)    (4,069,784)
                                                 -----------    -----------
                                                 $2,988,578     $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
                                                       March 31,
                                               ----------------------------
                                                     2004            2003
                                                     ----            ----
REVENUES
  ANI services                                 $   994,743     $ 1,222,973
  Hardware sales and service                       462,511         472,137
                                               -----------     -----------
TOTAL REVENUES                                   1,457,254       1,695,110

COST OF REVENUES
  ANI services                                     377,511         410,071
  Hardware sales and service                       371,943         400,845
                                              ------------     -----------
TOTAL COST OF REVENUES                             749,454         810,916
                                              ------------     -----------
GROSS MARGIN                                       707,800         884,194

OPERATING EXPENSES
  Selling and marketing                            174,117         248,631
  General and administrative                       286,318         223,979
  Depreciation & amortization                       48,672          53,745
                                               -----------     -----------
TOTAL OPERATING EXPENSES                           509,107         526,355
                                               -----------     -----------
OPERATING INCOME                                   198,693         357,839

OTHER INCOME (EXPENSE)
  Interest income                                    1,423           1,011
  Interest expense                                    (342)        (17,548)
                                                -----------     -----------
TOTAL OTHER INCOME (EXPENSE)                         1,081         (16,537)
                                                -----------     -----------

INCOME BEFORE INCOME TAXES                         199,774         341,302

INCOME TAX EXPENSE                                  88,978         143,657
                                                ------------     ----------

NET INCOME                                         110,796         197,645

DIVIDENDS ON REDEEMABLE
  CONVERTIBLE PREFERRED STOCK                     (105,561)       (105,561)
                                                -----------    ------------
NET INCOME (LOSS) AVAILABLE TO
  COMMON STOCKHOLDERS                           $    5,235     $    92,084
                                                ===========    ============

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

WEIGHTED AVERAGE NUMBER OF COMMON
SHARES OUTSTANDING
   BASIC                                         24,847,274      24,817,274
                                                 ==========      ==========
   DILUTED                                       55,675,351      94,125,572
                                                 ==========      ==========

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


                                   TELVUE CORPORATION
                                STATEMENTS OF CASH FLOWS
                                    (UNAUDITED)


                                                     Three Months Ended
                                                          March 31,
                                                    ---------------------
                                                     2004            2003
                                                     ----            ----

CASH FLOWS FROM OPERATING ACTIVITIES
  Net Income                                    $   110,796      $ 197,645
  Adjustments to reconcile net income to
   net cash provided (used) by operating
   activities:
    Depreciation & amortization                      48,672         53,745
    Deferred taxes                                   72,978        125,657
  Changes in assets and liabilities:
   Decrease (increase) in -
    Accounts receivable - trade                    (137,770)      (109,666)
    Inventory                                       101,199         32,334
    Prepaid income taxes                            (14,718)            -
    Other current assets                              3,728          2,515
   Increase (decrease) in -
    Accrued interest - majority stockholder             -         (134,756)
    Accounts payable - trade                       (124,877)       (94,472)
    Accrued expenses                                 17,506        (57,470)
    Accrued income taxes                                -           (3,010)
    Deferred service revenue, net of expense         (9,851)            -
                                                 -----------    -----------
    NET CASH PROVIDED (USED) BY OPERATING
     ACTIVITIES                                      67,663         12,522
                                                 -----------    -----------

CASH FLOWS FROM INVESTING ACTIVITIES
  Purchases of property and equipment               (29,894)       (12,108)

CASH FLOWS FROM FINANCING ACTIVITIES
   Debt reduction - Notes payable - other           (39,953)       (37,985)

NET INCREASE (DECREASE) IN CASH AND              -----------     -----------
  CASH EQUIVALENTS                                   (2,184)       (37,571)

CASH AND CASH EQUIVALENTS,
  BEGINNING OF PERIOD                               842,601        652,059
                                                 ----------     ----------
CASH AND CASH EQUIVALENTS, END OF PERIOD         $  840,417     $  614,488
                                                 ==========     ==========

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

</Table>
<Page>

                                     TELVUE CORPORATION
                               NOTES TO FINANCIAL STATEMENTS
                                     (UNAUDITED)

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

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

In the opinion of management, the accompanying unaudited financial
statements have been prepared in conformance with accounting principles
generally accepted in the United States of America and with the regulations
of the Securities and Exchange Commission and contain all adjustments
(consisting of only normal recurring adjustments) necessary to make the
financial statements not misleading and to present fairly the financial
condition as of March 31, 2004, the results of operations for the three
months ended March 31, 2004 and 2003 and cash flows for the three months
ended March 31, 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.  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. For the three
months ended March 31, 2004, no impairment of goodwill has been
recognized. There can be no assurance that future goodwill impairment
tests will not result in a charge to earnings.

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

Supplemental disclosures of cash paid during the period-

                                           2004           2003
                                           ----           ----
             Income taxes                $   -          $ 18,000
             Interest                    $  342         $152,304

Non-cash Investing and Financing Transactions
---------------------------------------------
The Company accrued dividends on its redeemable convertible preferred stock
of $105,561 for each of the three month periods ended March 31, 2004 and
2003.

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

Basic earnings per common share is computed by dividing net income, after
deduction of preferred stock dividends, by the weighted average number of
shares of outstanding common stock.  Diluted earnings per common share is
computed by dividing net income, after the deduction of preferred stock
dividends, when applicable, by the weighted average number of shares of
outstanding common stock adjusted to include incremental common shares that
would have been outstanding if potentially dilutive common shares had been
issued.  Common equivalent shares are excluded from the computation in
periods in which they have an antidilutive effect.  Therefore, convertible
preferred stock has been excluded from the computation for the three months
ended March 31, 2004, because it has an antidilutive effect.

The following is a reconciliation from basic earnings per share to diluted
earnings per share for the three months ended March 31, 2004 and 2003.
Incremental shares of 30,828,077 and 69,353,989 for the three months ended
March 31, 2004 and 2003, respectively, were used in the calculation of
diluted earnings per common share.


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

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

2003                                  $   92,084     24,817,274    $ .00
Effect of dilution
  Warrants                                  -        29,915,160
  Convertible preferred stock            105,561     38,238,412
  Vested unexercised stock options          -         1,200,417
                                      -----------    ----------    -------
Diluted                               $  197,645     94,171,263    $ .00
                                      ===========    ==========    =======


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

As of March 31, 2004, accrued dividends on outstanding preferred stock
amounted to $2,639,025.

6.  CORPORATE INCOME TAXES:
    -----------------------

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

The provisions for income tax expense consist of the following
components:

                                                  2004             2003
                                              -----------        ----------
Current
 Federal                                       $    -             $   -
 State                                            16,000            18,000
                                              -----------        ----------
                                                  16,000            18,000
Deferred
 Federal                                           5,717           111,090
 State                                            67,261            14,567
                                               ----------        ----------
                                                  72,978           125,657
                                               ----------        ----------
                                               $  88,978         $ 143,657
                                               ==========        ==========

The Company has a net operating loss carryforward of approximately $490,000
on a tax-reporting basis as of March 31, 2004.  The carryforward will begin
to expire in 2010, if not utilized.

7.  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 March 31, 2004, this note was 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 March 31, 2004,
this note was paid in its entirety.

8.  COMMITMENTS AND CONTINGENCIES
    -----------------------------

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

The Company provides ANI service to Adelphia Communications ("Adelphia").
Adelphia filed for Chapter 11 bankruptcy on June 25, 2002.  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.

9. FINANCIAL DATA BUSINESS SEGMENT
   -------------------------------

Based on the criteria set forth in SFAS No. 131 "Disclosures about Segments
of an Enterprise and Related Information", the Company operates two
business segments.  One segment is a marketing and service division, which
sells automatic number identification ("ANI") telecommunications services
to the cable television industry.  The other business segment functions as
a communications solution provider and network integrator.

Summarized financial information by reporting segment as of and for each
of the three months ended March 31, 2004 and 2003, is as follows:

Three months ended March 31, 2004         ANI         Source        Total
------------------------------------   ----------  -----------   ----------
Revenues                               $  994,743  $  462,511    $1,457,254
Operating income (loss)                   236,814     (38,121)      198,693
Interest expense                              332          10           342
Income (loss) before income taxes         237,149     (37,375)      199,774
Capital expenditures                       28,323       1,571        29,894


Three months Ended March 31, 2003         ANI         Source        Total
------------------------------------   ----------   ----------   ----------
Revenues                               $1,222,973   $  472,137   $1,695,110
Operating income (loss)                   511,416     (153,577)     357,839
Interest expense                           17,504           44       17,548
Income (loss) before income taxes         494,620     (153,318)     341,302
Capital expenditures                        7,521        4,587       12,108

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

During the three months ended March 31, 2004, Neil Heller, a Director of
TelVue, 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.

<PAGE>

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

     The following discussion will deal, at some length, with the decrease
in operating income for three months ended March 31, 2004 compared to March
31, 2003, and the reasons for the decrease.  We will further discuss 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.  We will also discuss the potential significant loss
of a large portion of the subscriber base due to cancellation notices
recently received from Dish Network and Adelphia Communications.  The
Source segment continues to produce disappointing revenue and margins and
a discussion of that business follows.  Additionally, TelVue is preparing
to aggressively market the new TVTN service and a short discussion of
that new offering follows.

    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"). The other business segment operates under the name,
Source Communications Group, and functions as a communications solution
provider and network integrator serving clients mainly in the Mid-Atlantic
states.

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

     TelVue's business segment that operates under the name, Source
Communications Group, was acquired on March 9, 2001 for $1.3 million
pursuant to TelVue's acquisition of the assets of J.D. Kraengel and
Associates, Inc. f/k/a Dacon Corporation d/b/a Source Communications
Group ("Source"), a Delaware corporation located in Mullica Hill, NJ.
The Source segment functions as a communications solution provider and
network integrator serving clients mainly in the Mid-Atlantic States.
Source represents a number of well-known equipment, software and
communications service suppliers. Source molds these resources into a
custom business solution for its clients and satisfies its customers'
individual voice, video and data communications needs. The Source customer
base is broad, representing such industries as healthcare, entertainment,
financial, education, government and utilities.  The Source acquisition was
part of a strategy to allow TelVue to grow and diversify both its product
lines and customer base beyond the cable TV industry. Jeffrey Kraengel, the
former President of Source, joined TelVue as an Executive Vice President
for a term of two years over the period March 9, 2001 through March 8,
2003, with the responsibility of integrating the Source operations into
TelVue, expanding existing business with current customers and suppliers,
identifying and creating new business opportunities, and training
employees.  Mr. Kraengel served as a consultant to the Source segment
from March 9, 2003 through March 8, 2004.

     The Source segment sells computer related equipment, network systems,
software, and data communications equipment.  Source does not engage in the
manufacture of the equipment it sells.  In addition to the equipment sale,
Source offers installation of equipment, service contracts, and service
repair to equipment not under service contract.  All payment terms for
customers are net 30 days.  The ANI Service technical staff is being
utilized to perform the service and installation.  Prior to the
acquisition, Source sold only hardware and subcontracted any labor
needed for installation or service.  In addition to the revenue streams
noted above, Source resells bandwidth to customers for internet access,
for which it charges a monthly access fee, and sells through agents, DSL,
ISDN and point to point data circuits to customers for which it receives
a one-time commission from the telephone carrier or agent.

     TelVue has developed a new product and service called the TelVue
Virtual Television Networks ("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.  TelVue sold one platform in 2003 and is
continuing to market this product in 2004.

     The ANI segment had operating income of $236,814 and $511,416 for the
three months ended March 31, 2004 and 2003, respectively. The decrease in
operating revenue is primarily due to a decrease in ANI service revenue of
$228,230.  Pay-per-view buy revenue decreased $83,361, data link and
program number revenue decreased $29,117 and feature revenue decreased
$126,030 for the three months ended March 31, 2004 when compared to 2003.
These decreases are mainly due to a reduction in the number of subscribers
served during the three months ended March 31, 2004 (see below).  In
addition to the reduction in subscribers, the decrease in pay-per-view
buy revenue is due in part to a continuing reduction in the average
monthly buy rate from 4.2% to 3.7% for the three months ended March
31, 2003 and 2004, respectively.  TelVue believes that the decrease
in the buy rates is attributable to a somewhat weak movie product, a
lack of major special events such as boxing, erosion in wrestling
popularity, and the movement of cable operators to impulse ordering on
digital cable systems (see 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 cost of revenues decreased $32,560.  This is
partially due to additional technician payroll of approximately $17,000
being allocated to the Source division as a result of an increase in
Source installation jobs when compared to 2003.  In addition, ANI
segment payroll also decreased as a result of one less technician being
employed by TelVue during the three months ended March 31, 2004, when
compared to the three months ended March 31, 2003.

     As of March 31, 2004, TelVue was serving approximately 19.5 million
full-time cable subscribers and 1.2 million part-time cable subscribers,
compared to approximately 22.1 million full-time and 1.2 million part-time
cable subscribers served as of March 31, 2003.  The part-time subscribers
did not significantly contribute to the revenue or service expenses for the
three months ended March 31, 2004 and 2003. During the three months ended
March 31, 2004, TelVue added approximately 315,000 subscribers to its ANI
Service and had approximately 1.4 million subscribers cancel the ANI
service.  The cable operators cancelled the ANI service primarily as a
result of moving their subscribers onto two-way digital service (see
below).  Of the 315,000 customer additions for the three months ended
March 31, 2004, 300,000 of the subscribers were from the Dish Network.
Dish Network has 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 its internal network.
Dish Network plans to have their remaining sports/event and movie
traffic moved onto their internal network by the end of the second
quarter of 2004, however, this time line could be pushed further out
by the Dish Network.  Dish Network intends to continue to use TelVue
for its monthly speech recording. Currently, Dish Network contributes
approximately 4.6% to the total TelVue ANI service revenue.  When Dish
Network has completed its transition period, the total number of
subscribers TelVue serves will be depleted by approximately 9.7 million,
and the annual service revenue will be reduced by a net amount in the
range of approximately $135,000 to $165,000.  On March 30, 2004,
Adelphia Communications ("Adelphia") gave TelVue written notification
that it intends to terminate TelVue's ANI service on June 30, 2004.
Adelphia  intends to process its ANI orders internally.  Adelphia
contributes approximately 25% to the total ANI service revenue, or
$1.1 million annually. When Adelphia leaves TelVue's service, the total
number of subscribers TelVue serves will be depleted by approximately
1.5 million.

     The Source segment had operating losses of $38,121 and $153,577
for the three months ended March 31, 2004 and 2003, respectively.
Overall Hardware sales and service revenue decreased $9,626 for the
three months ended March 31, 2004.  Installation and service revenue
increased $20,057 for the three months ended March 31, 2004, however
this was offset by a decrease in hardware sales of $33,467.  There was a
corresponding decrease in hardware sales and service cost of revenues of
$28,902 for the three months ended March 31, 2004.  The gross profit
margins were 20% and 15% for the three months ended March 31, 2004 and
2003, respectively. The total sales and service revenue at March 31, 2004
is comprised of 85% hardware sales, 12% service installation and repair
revenue, 2% service contract revenue, and 1% internet access revenue.
The corresponding direct expenses have relatively the same percent
distributions. Generally, Source executes two types of hardware sales;
one is a commodity sale, which is basic, off the shelf pc-type purchases
with a lower markup, and the second is a networking-type sale which
involves planning and configuration of the system to be implemented,
which results in a greater markup.  The gross profit at March 31, 2004
and 2003, represents a blend of the two types of sales with the majority
of sales being commodity.  TelVue believes the Source operating loss and
decrease in sales for the three months ended March 31, 2004, can be
attributed to the continued information technology ("IT") recession,
expressed by the decrease in capital purchasing of IT equipment by
businesses, which also lowered the average margin on hardware sales for
the Source segment.  In an effort to reduce costs and maintain a productive
sales force, Source reduced its sales force from five full-time sales
representatives and one part-time sales representative at March 31,
2003 to two full-time representatives and 2 independent sales
representatives  at March 31, 2004.

    Selling and marketing expenses decreased $74,514 for the three months
ended March 31, 2004.  The decrease is partially a result of a decrease in
commission expense of $12,107 as a result of fewer new cable subscribers
being added to the ANI service and lower Source segment sales.  The Source
segment payroll decreased $52,001 as a result of a reduction in sales
personnel (see above).  Source advertising expense decreased $16,702 in
the first quarter of 2004 as a result of eliminating non-productive
advertising.  There were also decreases in various other sales expense
categories.

     General and administrative expenses increased $62,339 for the three
months ended March 31, 2004, mainly as a result of TVTN expenses of $69,583
for the three months ended March 31, 2004 when compared $0 for the same
period of 2003 (see above for a description of the TVTN business).
Included in the TVTN expenses was a consulting fee of $50,000 paid to The
Heller Group, a firm who was engaged to develop a business strategy for
the TVTN product and service (see Note 10 of TelVue's financial
statements).  In addition, consulting fees, unrelated to the Heller Group,
of $12,000 were paid for the programming development of the TVTN software.
TelVue sold one TVTN platform in July 2003 along with a monthly support
agreement that became effective January 1, 2004. No sales of the TVTN
service were made during the three months ended March 31, 2004.  TelVue
has made presentations to a number of communities, many of which are
considering adopting the TVTN service. However, long municipal decision and
approval processes are required.  TelVue intends to initially market the
service regionally in New Jersey, Pennsylvania and Delaware.

     TelVue had income before income taxes of $199,774 and $341,302 for the
three months ended March 31, 2004 and 2003, respectively.  TelVue recorded
income tax expense of $88,978 and $143,657 for the three months ended March
31, 2004 and 2003, respectively.   TelVue's federal net operating loss
carry forward was approximately $490,000 on a tax-reporting basis as of
March 31, 2004 (see Note 6 to TelVue's Financial Statements).

     During the three months ended March 31, 2004, TelVue purchased $29,894
of equipment compared to $12,108 purchased during the three months ended
March 31, 2003.  The majority of the equipment purchased during the three
months ended March 31, 2004, was for custom programming and equipment
related to the TVTN service.  Depreciation and amortization expense
decreased $5,073 for the three months ended March 31, 2004, as a result
of assets being fully depreciated. Depreciation and amortization
accounted for 10% of total operating expenses for each of the three
months ended March 31, 2004 and 2003.

      There was a decrease in total liabilities of $51,608 for the three
months ended March 31, 2004.  This is a net result of increases and
decreases in various liability accounts with the largest being a decrease
in accounts payable of $124,871 as a result of some large year ended
December 31, 2003 expenses being paid in January 2004.  Total assets
decreased $46,379 for the three months ended March 31, 2004, which is
a net result of increases and decreases in various asset accounts.
TelVue's days for sales in average accounts receivable was 55 days at
March 31, 2004, compared to 68 days at March 31, 2003.  TelVue does
not offer incentives or discounts to its customers, nor has it changed
its credit terms with its customers.  TelVue has a bad debt reserve
established in the amount of $91,009 as of March 31, 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 8 to TelVue's 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 $67,663 for
the three months ended March 31, 2004, compared to positive cash flow of
$12,522 for the three months ended March 31, 2003.  Ignoring changes in
operating assets and liabilities that result from timing issues, and
considering only adjustments to reconcile net income to net cash provided
by operating activities, TelVue would have positive cash flow from
operating activities of $232,446 for the three months ended March 31, 2004,
compared to positive cash flow from operating activities of $377,047 for
the three months ended March 31, 2003.  The decrease in cash flow over
2003 is mainly due to a reduction in ANI service revenue (see above).

     Since November 2, 1989, TelVue has funded its expansion and operating
deficit from the proceeds from the sale of shares of TelVue's Common Stock
and Preferred Stock to Mr. H.F. Lenfest, TelVue's majority stockholder
("Mr. Lenfest") and from 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 (see below).  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 March 31, 2004, is $541,000 in loan principal for the
non-interest bearing Science Dynamics Corporation note.  TelVue intends
to negotiate, in 2004, 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, TelVue acquired substantially all of the assets of
J.D. Kraengel and Associates, Inc. f/k/a Dacon Corporation d/b/a Source
Communications Group ("Source") for $1.3 million. The assets, which
consisted primarily of material contracts with equipment, software and
communication service providers, were purchased for $1,000,000 in cash
and $300,000 pursuant to a promissory note (the "Source Note") (see Note
7 of TelVue's financial statements). The Source Note 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 three months
ended March 31, 2004, TelVue made total payments of $39,508 on the Source
Note, thereby paying the note in its entirety.  The acquisition of Source
was part of TelVue's long-term business strategy to expand and diversify
its operations.  TelVue has cross-trained its technical personnel to work
within the Source business.

     TelVue's ability to fund its operating expenses primarily depends on
retaining its current subscriber base level and generating net income from
the Source segment.  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 three months ended March 31, 2004, TelVue added 315,000
subscribers to its service and had 1.4 million subscribers cancel service.
The cable operators cancelled the ANI service primarily as a result of
moving their subscribers onto two-way digital service (see below).  Also,
both Dish Network and Adelphia have informed TelVue that they intend to
begin ANI order processing internally by transitioning their subscribers
onto their internal networks (see above).  In addition, revenues are
affected by the buy rates of subscribers connected to the Service.  TelVue
has no control over the buy rates and therefore cannot assure that buy
rates will increase or will remain at their current level.  As noted above,
TelVue experienced a decrease in the average monthly buy rate from 4.2% to
3.7% for the three months ended March 31, 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
443 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.

    During the three months ended March 31, 2004, Source has experienced a
decrease in sales from $472,137 for the three months ended March 31, 2003
to $462,511 for the three months ended March 31, 2004.  There can be no
assurance that sales will not further decline or that sales will grow to
the point of making the Source segment profitable.  The current recession
related to the IT product economy, whereby businesses have decreased their
capital purchasing of IT equipment, has affected Source by reducing its
sales volume and also lowering its profit margins on hardware sales.  It
is unknown how long the IT recession will continue or what its continued
effect on the Source business will be.  If the Source segment sales
continue to decline and the net losses continue to increase, TelVue may
have to discontinue the Source segment operations.

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 6.   Exhibits and Reports on Form 8-K.

(a)    Exhibits

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

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

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

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

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

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

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

4.3    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
       March 31, 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).

(b)    Reports on Form 8-K

     On April 2, 2004, TelVue filed a current report on Form 8-K with the
Securities and Exchange Commission with respect to a shift in TelVue's
business focus in response to changing cable TV technology and the receipt
of notice that Adelphia Communications will be discontinuing the use of
TelVue's telephone based pay-per-view ordering service.  The earliest
event covered by this report occurred on March 30, 2004.

SIGNATURES

       Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.

                                                   TELVUE CORPORATION


DATED: 5/12/04                    By:   /s/Frank J Carcione
                                        ----------------------------------
                                        Frank J. Carcione
                                        President (Chief Executive Officer)


DATED: 5/12/04                    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:  5/12/04

                                          /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
         proedures, as of the end of the period covered by this report based
         on such evaluation; and

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

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

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

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

Date:  5/12/04

                                          /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 March 31, 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:   5/12/04                     /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 March 31, 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:   5/12/04                     /s/Irene A. DeZwaan
                                    -------------------
                                    Irene A. DeZwaan
                                    Treasurer (Controller)