EXHIBIT INDEX APPEARS ON PAGE 21


                     U.S. SECURITIES AND EXCHANGE COMMISSION

                               Washington, DC  20549

                                    FORM 10-QSB

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

                 For the quarterly period ended June 30, 2004

                          Commission File Number: 0-17170


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




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



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

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

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

Number of shares of registrant's common stock outstanding as of July 30,
2004: 24,857,274 shares.

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


                         TELVUE CORPORATION

                                       INDEX

                                                                      PAGE
                                                                       NO.
                                                                      -----

PART I.   FINANCIAL INFORMATION

          Item 1.  Financial Statements

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

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

          Statements of Operations for the six
          months ended June 30, 2004 (unaudited)
          and June 30, 2003 (unaudited)

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

          Notes to Financial Statements (unaudited)

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

          Item 3.  Controls and Procedures


PART II.  OTHER INFORMATION

          Item 4.  Submission of Matters to Vote of Security Holders

          Item 5.  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

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

ASSETS                                         (Unaudited)     (Unaudited)

CURRENT ASSETS
  Cash and cash equivalents                     $ 1,111,563     $  842,601
  Accounts receivable - trade, net of allowance
   of $83,364 at June 30, 2004 and
   December 31, 2003                                549,775        669,220
  Deferred tax asset                                 36,409        350,000
  Other current assets                               82,516         44,603
  Current assets from discontinued operations       437,584        342,628
                                                -----------     ----------
     TOTAL CURRENT ASSETS                         2,217,847      2,249,052

PROPERTY AND EQUIPMENT
  Machinery and equipment                         5,445,798      5,375,699
  Less accumulated depreciation                   5,256,453      5,184,372
                                                -----------     ----------
                                                    189,345        191,327

OTHER ASSETS
  Other assets from discontinued operations          45,377        418,197
  Deferred tax asset                                486,392        167,581
  Other assets                                        8,800          8,800
                                                 ----------     ----------
                                                    540,569        594,578
                                                 ----------     ----------
                                                 $2,947,761     $3,034,957
                                                 ==========     ==========

LIABILITIES AND STOCKHOLDERS' DEFICIT

CURRENT LIABILITIES
  Notes payable - current                        $     -        $   39,178
  Notes payable - majority stockholder              541,000            -
  Accounts payable - trade                           78,551        114,444
  Accrued expenses                                  218,611        138,642
  Accrued dividends payable                       2,744,586      2,533,464
  Current liabilities from discontinued
    operations                                      107,788        219,319
                                                -----------     ----------
     TOTAL CURRENT LIABILITIES                    3,690,536      3,045,047

NOTES PAYABLE - MAJORITY STOCKHOLDER                   -           541,000

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

COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS' DEFICIT
  Common stock, $.01 par value, 100,000,000
  shares authorized, 24,857,274 and 24,847,274
  shares issued and outstanding at June 30, 2004
  and December 31, 2003, respectively               248,573        248,473
  Additional paid-in capital                      1,588,953      1,588,553
  Accumulated deficit                            (6,098,995)    (5,906,810)
                                                 -----------    -----------
                                                 (4,261,469)    (4,069,784)
                                                 -----------    -----------
                                                 $2,947,761     $3,034,957
                                                 ===========    ===========

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


<Page>
                                   TELVUE CORPORATION
                                STATEMENTS OF OPERATIONS
                                       (UNAUDITED)


                                                    Three Months Ended
                                                       June 30,
                                              ----------------------------
                                                    2004            2003
                                                    ----            ----

REVENUES                                       $   942,146     $ 1,209,486

OPERATING EXPENSES
  Service                                          361,389         390,270
  Selling and marketing                            145,989          87,547
  General and administrative                       199,226         184,815
  Depreciation & amortization                       35,705          37,814
                                               -----------     -----------
                                                   742,309         700,446
                                               -----------     -----------
OPERATING INCOME                                   199,837         509,040

OTHER INCOME (EXPENSE)
  Interest income                                    1,064           1,178
  Interest expense                                     -           (15,254)
                                                -----------     -----------
TOTAL OTHER INCOME (EXPENSE)                         1,064         (14,076)
                                                -----------     -----------

INCOME FROM CONTINUING OPERATIONS
  BEFORE INCOME TAXES                              200,901         494,964

INCOME TAX EXPENSE                                  55,567         164,768
                                                ------------     ----------

INCOME FROM CONTINUING OPERATIONS                  145,334         330,196

DISCONTINUED OPERATIONS
  Loss from operations of discontinued
   component, including goodwill impairment
   charge of $350,000 at June 30, 2004            (386,960)       (169,101)
  Provision for income tax benefit                 149,765          48,965
                                                ------------     ----------
                                                  (237,195)       (120,136)
                                                ------------     ----------
NET INCOME (LOSS)                                  (91,861)        210,060

DIVIDENDS ON REDEEMABLE
  CONVERTIBLE PREFERRED STOCK                     (105,561)       (105,561)
                                                -----------    ------------
NET INCOME (LOSS) AVAILABLE TO
  COMMON STOCKHOLDERS                           $ (197,422)    $   104,499
                                                ===========    ============
BASIC NET INCOME PER COMMON SHARE
  FROM CONTINUING OPERATIONS                          $.00            $.01
  FROM DISCONTINUED OPERATIONS                        (.01)           (.01)
                                                     ------           -----
    TOTAL                                            ($.01)           $.00
                                                     ======           =====
DILUTED NET INCOME PER COMMON SHARE
  FROM CONTINUING OPERATIONS                          $.00            $.00
  FROM DISCONTINUED OPERATIONS                         .00             .00
                                                      -----           -----
    TOTAL                                             $.00            $.00
                                                      =====           =====
WEIGHTED AVERAGE NUMBER OF COMMON
SHARES OUTSTANDING
   BASIC                                         24,850,571      24,819,362
                                                 ==========      ==========
   DILUTED                                       97,198,741      94,877,126
                                                 ==========      ==========

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

                                   TELVUE CORPORATION
                                STATEMENTS OF OPERATIONS
                                       (UNAUDITED)


                                                    Six Months Ended
                                                       June 30,
                                               ----------------------------
                                                     2004            2003
                                                     ----            ----
REVENUES                                       $ 1,936,889     $ 2,432,459

OPERATING EXPENSES
  Service                                          738,900         800,341
  Selling and marketing                            253,094         182,203
  General and administrative                       436,163         350,657
  Depreciation & amortization                       72,081          78,795
                                               -----------     -----------
                                                 1,500,238       1,411,996
                                               -----------     -----------
OPERATING INCOME                                   436,651       1,020,463

OTHER INCOME (EXPENSE)
  Interest income                                    1,730           1,886
  Interest expense                                    (331)        (32,758)
                                                -----------     -----------
TOTAL OTHER INCOME (EXPENSE)                         1,399         (30,872)
                                                -----------     -----------

INCOME FROM CONTINUING OPERATIONS
  BEFORE INCOME TAXES                              438,050         989,591

INCOME TAX EXPENSE                                 159,420         355,746
                                                ------------     ----------

INCOME FROM CONTINUING OPERATIONS                  278,630         633,845

DISCONTINUED OPERATIONS
  Loss from operations of discontinued
   component, including goodwill impairment
   charge of $350,000 at June 30, 2004            (424,335)       (322,425)
  Provision for income tax benefit                 164,640          96,285
                                                ------------     ----------
                                                  (259,695)       (226,140)
                                                ------------     ----------

NET INCOME                                          18,935         407,705

DIVIDENDS ON REDEEMABLE
  CONVERTIBLE PREFERRED STOCK                     (211,122)       (211,122)
                                                -----------      ----------
NET INCOME (LOSS) AVAILABLE TO
  COMMON STOCKHOLDERS                           $ (192,187)      $ 196,583
                                                ===========      ==========
BASIC NET INCOME PER COMMON SHARE
  FROM CONTINUING OPERATIONS                          $.00            $.02
  FROM DISCONTINUED OPERATIONS                        (.01)           (.01)
                                                     ------           -----
    TOTAL                                            ($.01)           $.01
                                                     ======           =====
DILUTED NET INCOME PER COMMON SHARE
  FROM CONTINUING OPERATIONS                            -             $.00
  FROM DISCONTINUED OPERATIONS                          -              .00
                                                      -----           -----
    TOTAL                                               -             $.00
                                                      =====           =====
WEIGHTED AVERAGE NUMBER OF COMMON
SHARES OUTSTANDING
   BASIC                                         24,848,922      24,818,324
                                                 ==========      ==========
   DILUTED                                           -           94,876,088
                                                 ==========      ==========

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


                                   TELVUE CORPORATION
                                STATEMENTS OF CASH FLOWS
                                    (UNAUDITED)


                                                      Six Months Ended
                                                          June 30,
                                                    ---------------------
                                                     2004            2003
                                                     ----            ----

CASH FLOWS FROM OPERATING ACTIVITIES
  Net Income                                    $    18,935      $ 407,705
  Adjustments to reconcile net income to
   net cash provided (used) by operating
   activities:
    Depreciation & amortization                      94,803        104,719
    Deferred taxes                                   (5,220)       227,461
    Write off of covenant not to compete              1,669           -
    Impairment of goodwill                          350,000           -
  Changes in assets and liabilities:
   Decrease (increase) in -
    Accounts receivable - trade                    (122,283)       268,345
    Inventory                                       138,920        (16,808)
    Other current assets                            (30,061)         8,498
   Increase (decrease) in -
    Accrued interest - majority stockholder             -         (271,289)
    Accounts payable - trade                       (140,346)      (141,991)
    Accrued expenses                                 77,969        (12,318)
    Accrued income taxes                                -           14,000
    Deferred service revenue, net of expense         (4,301)          (481)
                                                 -----------    -----------
    NET CASH PROVIDED BY OPERATING
     ACTIVITIES                                     380,085        587,841
                                                 -----------    -----------

CASH FLOWS FROM INVESTING ACTIVITIES
  Purchases of property and equipment               (71,670)      (120,756)

CASH FLOWS FROM FINANCING ACTIVITIES
   Debt reduction - Notes payable - other           (39,953)       (77,198)
   Issuance of common stock                             500            500
                                                 -----------    -----------
                                                    (39,453)       (76,698)
                                                 -----------    -----------
NET INCREASE (DECREASE) IN CASH AND
  CASH EQUIVALENTS                                  268,962        390,387

CASH AND CASH EQUIVALENTS,
  BEGINNING OF PERIOD                               842,601        652,059
                                                 ----------     ----------
CASH AND CASH EQUIVALENTS, END OF PERIOD         $1,111,563     $1,042,446
                                                 ==========     ==========

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

</Table>
<Page>

                                     TELVUE CORPORATION
                               NOTES TO FINANCIAL STATEMENTS
                                     (UNAUDITED)

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

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

In the opinion of management, the accompanying unaudited financial
statements have been prepared in conformance with accounting principles
generally accepted in the United States of America and with the regulations
of the Securities and Exchange Commission and contain all adjustments
(consisting of only normal recurring adjustments) necessary to make the
financial statements not misleading and to present fairly the financial
condition as of June 30, 2004, the results of operations for the three and
six months ended June 30, 2004 and 2003 and cash flows for the six months
ended June 30, 2004 and 2003.

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

While management believes that the disclosures presented are adequate to
prevent misleading information, these unaudited financial statements must
be read in conjunction with the audited financial statements and notes
included in the Company's Form 10-KSB report for the year ended December
31, 2003, as filed with the Securities and Exchange Commission.

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

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

In the second quarter of 2004, the Company made a decision to discontinue
the business segment that operates under the name, Source Communications
Group ("Source").  Source functioned as a communications solution provider
and network integrator serving clients mainly in the Mid-Atlantic States.
This decision was made as a result of the ongoing losses produced by the
Source segment and the amount of time and resources required to run the
segment.  The Company has decided to use its time and resources to focus
on growing the TVTN business (see Management's Discussion and Analysis or
Plan of Operation).  Accordingly, the Company is trying to sell a portion
of the Source segment.  It is not known, however, whether this effort will
be successful.

During June 2004, the Company began taking steps to wind down the Source
business.   As of June 30, 2004, only one sales representative remained and
will be leaving the Company in the near future.  The Company expects all
remaining sales and service to be completed during the third quarter of
2004.

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

The Balance Sheet detail of assets and liabilities from discontinued
operations at June 30, 2004 and December 31, 2003 is as follows:

                                  June 30,     December 31,
                                    2004          2003
                                 ---------     -----------
CURRENT ASSETS:
  Accounts receivable - trade    $ 388,902     $ 147,174
  Inventory                         46,053       184,973
  Other current assets               2,629        10,481
                                 ---------     ---------
                                   437,584       342,628
OTHER ASSETS:
  Property and equipment, net
   of accumulated depreciation      45,377        65,280
  Goodwill                            -          350,000
  Covenant not to compete, net
   of accumulated amortization        -            2,917
                                 ---------     ---------
                                    45,377       418,197
                                 ---------     ---------
TOTAL ASSETS FROM DISCONTINUED
  OPERATIONS                     $ 482,961     $ 760,825
                                 =========     =========

CURRENT LIABILITIES:
  Notes payable - current        $    -        $     774
  Accounts payable - trade          74,486       178,940
  Accrued expenses                  23,241        25,243
  Deferred service revenue          10,061        14,362
                                 ---------     ---------
TOTAL LIABILITIES FROM
  DISCONTINUED OPERATIONS        $ 107,788     $ 219,319
                                 =========     =========


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

                                                Six Months Ended June 30,
2004 2003
                                             -----------     -----------
Hardware sales and service                   $  906,543      $  778,404


Cost of hardware sales and service              753,040         675,665
Selling, administrative and depreciation
 expenses                                       227,970         425,803
Goodwill impairment charge                      350,000            -
Write off of covenant not to compete              1,669            -
                                              ----------      ----------
                                              1,332,679       1,101,468
                                              ----------      ----------
OPERATING LOSS                                 (426,136)       (323,064)

Interest income net of expense                    1,801             639
                                              ----------      ----------
LOSS FROM OPERATIONS BEFORE INCOME TAXES      $(424,335)      $(322,425)
                                              ==========      ==========

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

Effective January 1, 2002, the Company adopted SFAS No. 142, "Goodwill and
Other Intangible Assets", under which goodwill is no longer amortized
but instead is assessed for impairment at least annually.  In the fourth
quarter of 2003, the Company performed its annual fair value assessment
and determined that an impairment charge of $450,000 was necessary to
reduce the carrying value of goodwill to its implied fair value.

The Company is required to perform goodwill impairment tests on an annual
basis and between annual tests in certain circumstances. During the second
quarter of 2004, management made a decision to discontinue the Source
segment operations due to the ongoing losses produced by the segment.  As
a result of this decision, the Company wrote off the remaining balance of
the Source goodwill, which amounted to $350,000.

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

Supplemental disclosures of cash paid during the period-

                                           2004           2003
                                           ----           ----
             Income taxes                $   -          $ 18,000
             Interest                    $  331         $304,228

Non-cash Investing and Financing Transactions
---------------------------------------------
The Company accrued dividends on its redeemable convertible preferred stock
of $211,122 for each of the six month periods ended June 30, 2004 and 2003.

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

Basic earnings per common share is computed by dividing net income, after
deduction of preferred stock dividends, by the weighted average number of
shares of outstanding common stock.  Diluted earnings per common share is
computed by dividing net income, after the deduction of preferred stock
dividends, when applicable, by the weighted average number of shares of
outstanding common stock adjusted to include incremental common shares that
would have been outstanding if potentially dilutive common shares had been
issued.  Common equivalent shares are excluded from the computation in
periods in which they have an antidilutive effect.  Because of the net loss
available to common stockholders for the six months ended June 30, 2004,
no potential common shares are included in the computation of a diluted per
share amount since such potential common shares would not have a dilutive
effect.

The following is a reconciliation from basic earnings per share to diluted
earnings per share for the six months ended June 30, 2004 and 2003.
Incremental shares of 70,057,764 for the six months ended June 30, 2003,
were used in the calculation of diluted earnings per common share.


                                                      Average
                                                       Shares     Earnings
                                        Amount       Outstanding  Per Share
                                      ------------   -----------  --------
2004
Income from continuing operations,
  less dividends on preferred stock   $   67,508     24,848,922     $.00
                                      ==========     ==========    =======

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


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

As of June 30, 2004, accrued dividends on outstanding preferred stock
amounted to $2,744,586.

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

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

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

                                                  2004             2003
                                              -----------        ----------
Current
 Federal                                       $    -             $   -
 State                                              -               32,000
                                              -----------        ----------
                                                    -               32,000
Deferred
 Federal                                         119,420           265,746
 State                                            40,000            58,000
                                               ----------        ----------
                                                 159,420           323,746
                                               ----------        ----------
                                               $ 159,420         $ 355,746
                                               ==========        ==========

The Company has a net operating loss carryforward of approximately $650,000
on  a tax-reporting basis as of June 30, 2004.  The carryforward will begin
to expire in 2010, if not utilized.

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

Note Payable - Dacon Corporation d/b/a Source Communications Group
------------------------------------------------------------------
On March 9, 2001, the Company acquired the assets of Source Communications
Group ("Source") for $1.3 million. The assets, which consisted primarily of
material contracts with equipment, software and communication service
providers, were purchased for $1,000,000 in cash and $300,000 pursuant to a
promissory note. The promissory note had a term of three years.  Interest
only was payable monthly during year one at the rate of 8% per annum.
Beginning in year two, both principal and interest were payable monthly at
the rate of 5.06% per annum. As of June 30, 2004, this note had been paid
in its entirety.

Note Payable - Ford Motor Credit Corp
-------------------------------------
In March 2001, the Company purchased a van for $21,402 to be used for
installations related to the Source business.  The Company paid cash of
$8,402 and financed the balance of $13,000.  The loan was payable monthly
in the amount of $390, including principal and interest, had a term of
three years and bore interest at 5% per annum.  As of June 30, 2004, this
note had been paid in its entirety.

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

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

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

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

During the six months ended June 30, 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
        OVERVIEW OF COMPANY:

    TelVue Corporation ("TelVue") operates two business segments.  One
segment is a marketing and service company which sells automatic number
identification ("ANI")telecommunications services to the cable television
industry for the automated ordering of pay-per-view features and events
(the "ANI Service"). The other business segment operates under the name,
Source Communications Group ("Source"), and functions as a communications
solution provider and network integrator serving clients mainly in the
Mid-Atlantic States.  In the second quarter of 2004, TelVue made a
decision to discontinue the Source segment operations (as discussed below).
TelVue has developed and is marketing a new product and service called the
TelVue Virtual Television Networks ("TVTN")(as discussed below).

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

     In the second quarter of 2004, TelVue made a decision to discontinue
the Source segment operations.  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, a Delaware corporation located in Mullica Hill,
NJ.  The Source segment sold and installed computer related equipment,
network systems, software, and data communications equipment.  The decision
to discontinue the Source segment was made as a result of the ongoing losses
produced by the segment and the amount of time and resources required to
run the segment.  TelVue is trying to sell a portion of the Source segment,
however, it is not known whether this effort will be successful.  During
June 2004, TelVue began taking steps to wind down the Source business.
As of June 30, 2004, only one sales representative remained and will be
leaving the company in the near future.  TelVue expects all remaining
sales and service to be completed during the third quarter of 2004. TelVue
has decided to use its time and resources to focus on growing the TVTN
business, which it believes will be more profitable (as discussed below).

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

RESULTS OF OPERATIONS:

     The following discussion deals, at some length, with the decrease in
operating income for six months ended June 30, 2004 compared to June 30,
2003, and the reasons for the decrease.  TelVue 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 availablefor content and allows the cable operator's customers to
order digital pay-per-view or video on demand via the set top box.  TelVue
will also discuss the significant loss of a large portion of the subscriber
base due to cancellation notices received from Dish Network and Adelphia
Communications.  Finally TelVue discusses its decision to discontinue the
operations of the Source segment and its preparation to aggressively market
its new TVTN service.

     Operating income for the ANI segment decreased $309,203 and $583,812
for the three and six months ended June 30, 2004, respectively, when
compared to the same periods of 2003. The decrease in operating income is
primarily due to a decrease in ANI service revenue of $267,340 and $495,570
for the three and six months ended June 30, 2004, respectively, when
compared to the same periods of 2003.  Pay-per-view buy revenue decreased
$86,699 and $170,060, and feature revenue decreased $166,026 and $292,056
for the three and six months ended June 30, 2004, respectively, when
compared to the same periods of 2003.  These decreases are mainly due to
a reduction in the number of subscribers served during the six months
ended June 30, 2004 (as discussed 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 4.1% to 3.8%
for the six months ended June 30, 2003 and 2004, respectively.  The buy
rate for the three months ended June 30, 2004 and 2003 remained constant
at 4.0%.  TelVue believes that the decrease in the buy rates for the six
months ended June 30, 2004, 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 (as discussed below).  In addition, TelVue believes
there is a loss of focus by cable operators on the pay-per-view product
line, primarily because of the amount of time cable operators are spending
on promoting new product lines such as digital service and high-speed
Internet access.  The ANI service expenses decreased $28,881 and $61,441 for
the three and six months ended June 30, 2004, respectively, as compared to
the same periods of 2003.  This is partially due to a reduction in trunk
and data link expenses as a result of serving fewer subscribers and a
reduction in technical payroll as a result of one less technician being
employed by TelVue during the six months ended June 30, 2004,  compared to
the same period of 2003.

     Selling and marketing expenses increased $58,442 and $70,891 for the
three and six months ended June 30, 2004, respectively, compared to the same
periods of 2003.  The increase is partially a result of an increase in
payroll and payroll taxes and benefits $45,594 and $52,805 as a result of
less payroll being allocated to the Source segment and as a result of a
new hire for the TVTN business.  Travel and entertainment increased $6,627
as a result of the TVTN business.

     General and administrative expenses increased $14,411 and $85,506 for
the three and six months ended June 30, 2004, respectively, mainly as a
result of TVTN consulting expenses of $28,500 and $90,500 for the three
and six months ended June 30, 2004, respectively, compared to $10,500 for
both the three and six months ended June 30, 2003.  Included in the 2004
consulting expenses was a fee of $50,000 paid to The Heller Group, a firm
who was engaged to develop a business strategy for the TVTN product and
service (see Note 10 of TelVue's financial statements).  In addition,
consulting fees, unrelated to the Heller Group, of $12,500 and $24,500
for the three and six months ended June 30, 2004, respectively, 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.  Agreements to use the TVTN service were
reached with nine towns in the Camden County, NJ area in June 2004, with a
scheduled soft launch of the channel in August 2004.  TelVue has made
presentations to a number of communities, and has received verbal
commitments from five towns.  Many other towns are considering adopting the
TVTN service. However, long municipal decision and approval processes are
required.  TelVue is initially marketing the service regionally in New
Jersey, Pennsylvania and Delaware.

     As of June 30, 2004, TelVue was serving approximately 18.8 million
full-time cable subscribers and 1.2 million part-time cable subscribers,
compared to approximately 22.2 million full-time and 1.2 million part-time
cable subscribers served as of June 30, 2003.  The part-time subscribers
did not significantly contribute to the revenue or service expenses for
the six months ended June 30, 2004 and 2003. During the six months ended
June 30, 2004, TelVue added approximately 615,000 subscribers to its ANI
Service but unfortunately lost approximately 2.4 million subscribers that
cancelled the ANI service.  The cable operators cancelled the ANI service
primarily as a result of moving their subscribers onto two-way digital
service (as discussed below).  Of the 615,000 customer additions for the
six months ended June 30, 2004, 600,000 of the subscribers are from the
Dish Network.  Dish Network informed TelVue that it will do its ANI order
processing internally and is transitioning its subscribers onto its
internal network.  In the fourth quarter of 2003, Dish Network
transitioned their adult product traffic onto their internal network.
Dish Network initially planned to have their remaining sports/event and
movie traffic moved onto their internal network by the first quarter of
2004, however they have continued to extend this time line.  Dish Networks
plans to have their remaining subscribers moved onto their internal network
sometime in 2004.    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 9.9 million,
and the annual service revenue will be reduced by a net amount in the
range of approximately $135,000 to $165,000.  As of July 1, 2004, Adelphia
Communications ("Adelphia") is no longer using TelVue's ANI service.  They
are processing their ANI orders internally.  TelVue served 1.5 million
Adelphia subscribers and Adelphia contributed approximately 25% to the total
ANI service revenue, or $1.1 million annually.  Accordingly, TelVue will
lose this income in the future.

     There was a loss from discontinued operations before income tax benefit
from the Source segment of $386,960 and $424,335 for the three and six months
ended June 30, 2004, respectively.  Included is a goodwill impairment charge
of $350,000 (see Note 3 of TelVue's accompanying financial statements).  There
was a provision for income tax benefit related to the discontinued segment of
$149,765 and $164,640 for the three and six months ended June 30, 2004,
respectively.

     TelVue had net income of $18,935 and $407,705 for the six months ended
June 30, 2004 and 2003, respectively.  TelVue recorded an income tax benefit
of $5,220 and income tax expense of $259,461 for the six months ended June
30, 2004 and 2003, respectively.   TelVue's federal net operating loss
carry forward was approximately $650,000 on a tax-reporting basis as of
June 30, 2004 (see Note 7 to TelVue's accompanying financial statements).

     During the six months ended June 30, 2004, TelVue purchased $71,670 of
equipment compared to $120,756 purchased during the six months ended June 30,
2003.  The majority of the equipment purchased during the six months ended
June 30, 2004 and 2003, was for custom programming and equipment related to
the TVTN service.  Depreciation and amortization expense decreased $6,714
for the six months ended June 30, 2004, as a result of assets being fully
depreciated. Depreciation and amortization accounted for 5% and 6% of total
operating expenses for the six months ended June 30, 2004 and 2003,
respectively.

      TelVue's days for sales in average accounts receivable was 57 days
at June 30, 2004, compared to 59 days at June 30, 2003.  TelVue does not
offer incentives or discounts to its customers, nor has it changed its
credit terms with its customers.  TelVue maintains a bad debt reserve
established in the amount of $91,009 as of June 30, 2004.  The majority
of the reserve, $78,605, represents 50% of the outstanding balance due
from Adelphia as a result of the bankruptcy filing date on June 25, 2002
(see Note 9 to TelVue's accompanying financial statements).  It is unknown
when TelVue will receive payment on these invoices or what portion of the
invoices will be paid.  TelVue had positive cash flow from operating
activities of $380,085 for the six months ended June 30, 2004, compared
to positive cash flow of $587,841 for the six months ended June 30, 2003.
The decrease in cash flow over 2003 is mainly due to a reduction in ANI
service revenue (as described above).

LIQUIDITY AND CAPITAL RESOURCES:

     Since November 2, 1989, TelVue has funded its expansion and operating
deficit from the proceeds 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.  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 ofJune 30, 2004, was $541,000 in loan principal for the
non-interest bearing Science Dynamics Corporation note.  TelVue intends to
negotiate, the repayment terms of the $541,000 note with Mr. Lenfest and
does not have a payment schedule in place at this time.

     On March 9, 2001, with the acquisition of the assets of Source
Communications Group for $1.3 million, TelVue paid $1,000,000 in cash and
$300,000 pursuant to a promissory note (the "Source Note") (see Note 7 of
TelVue's accompanying financial statements). The Source Note had a term of
three years. Interest only was payable monthly during year one at the rate
of 8% per annum. Beginning in year two, both principal and interest were
payable monthly at the rate of 5.06% per annum.  During the first quarter
of 2004, TelVue paid the remaining balance on the Source Note in its
entirety.

     TelVue's ability to fund its operating expenses primarily depends on
retaining its current subscriber base level and growing the TVTN service
into a profitable business.  Management believes that over time, continued
erosion will occur in the subscriber base.  While maintaining the ANI pay-
per-view ordering business, TelVue intends to aggressively market and sell
the new TVTN service to government officials and the cable industry.
However, there can be no assurance that its marketing efforts will be
successful.  During the six months ended June 30, 2004, TelVue added
615,000 subscribers to its service but had 2.4 million subscribers cancel
service. The cable operators cancelled the ANI service primarily as a result
of moving their subscribers onto two-way digital service.  Furthermore,
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.

     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 4.1% to 3.8% for the six months ended
June 30, 2003 and 2004, respectively.  The movement of cable operators to
impulse ordering on digital cable systems is part of the reason for the
buy rate decrease noted above.  Cable operators are deploying digital
services to their customers.  These digital services allow cable operators
to offer additional channels and to offer additional pay-per-view channels.
Where cable operators have activated two-way cable plant (i.e. the operator
is able to send a signal to and receive a signal from its customer), the
digital service can also allow the cable operator to process ordering of
pay-per-view movies and events directly from its customers, without using
TelVue's service.  Management believes the long-term effect of deployment
of digital two-way service will negatively impact TelVue.  Some cable
operators with digital service, but only one-way cable plant, have chosen
to use TelVue's single number ordering technology for pay-per-view ordering.
Currently, there are 309 cable operators using ANI ordering technology for
their digital pay-per-view offerings.  TelVue intends to monitor
developments in the rollout of digital services by its cable operator
customers and to attempt to position TelVue to continue to be the cable
operator's provider of choice for processing pay-per-view orders.  However,
there can be no assurances that TelVue will be successful in this effort.

ITEM 3.  CONTROLS AND PROCEDURES

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

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

PART II.  OTHER INFORMATION

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

     TelVue's annual meeting of stockholders was held on June 1, 2004.  The
following five directors were elected:

                          Vote For     Votes Withheld     Votes Abstained
                         -----------   --------------     ---------------
1. H.F. Lenfest           139,821,263        23,795                 0
2. Frank J. Carcione      139,821,263        23,795                 0
3. Joseph M. Murphy       139,821,263        23,795                 0
4. Joy Tartar             139,821,263        23,795                 0
5. Neil Heller            139,821,263        23,795                 0

ITEM 5.  OTHER INFORMATION

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

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
       June 30, 2004 Financial Statements included herein).

23.    Consent of Pressman Ciocca Smith LLP, Certified Public Accountants
       (incorporated by reference to the 2003 Form 10-KSB).

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

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

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

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

(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: 8/16/04                    By:   /s/Frank J Carcione
                                        ----------------------------------
                                        Frank J. Carcione
                                        President (Chief Executive Officer)


DATED: 8/16/04                    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:  8/16/04                      /s/Frank J. Carcione
                                    --------------------
                                    Frank J. Carcione
                                    President (Chief Executive Officer)


EXHIBIT 31.2
CERTIFICATIONS

	I, Irene A. DeZwaan, certify that:

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

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

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

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

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

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

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

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

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

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

Date:  8/16/04                      /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 June 30, 2004 as filed with the
Securities and Exchange Commission on the date hereof (the "Report"), I,
Frank Carcione, Chief Executive Officer of the Company, certify, pursuant
to 18 U.S.C. sec. 1350, as adopted pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002, that:

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

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


Date:	 8/16/04                      /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 June 30, 2004 as filed with the
Securities and Exchange Commission on the date hereof (the "Report"), I,
Irene DeZwaan, Controller of the Company, certify, pursuant to 18 U.S.C.
sec. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
2002, that:

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

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


Date:	 8/16/04                      /s/Irene A. DeZwaan
                                    -------------------
                                    Irene A. DeZwaan
                                    Treasurer (Controller)