EXHIBIT INDEX APPEARS ON PAGE 16


                                    UNITED STATES
                        SECURITIES AND EXCHANGE COMMISSION
                               Washington, DC  20549

                                    FORM 10-QSB

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

                 For the quarterly period ended September 30, 2007

                          Commission File Number: 0-17170


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

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

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

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

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

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

Number of shares of registrant's common stock outstanding as of November 8,
2007: 48,416,407 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

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

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

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

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

          Notes to Consolidated Financial Statements (unaudited)

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

          Item 3.  Controls and Procedures


PART II.  OTHER INFORMATION

          Item 6.  Exhibits


PART I.  Financial Information

ITEM I.  Financial Statements

<PAGE>
<TABLE>

                                 TELVUE CORPORATION AND SUBSIDIARY
                                   CONSOLIDATED BALANCE SHEETS

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

ASSETS                                         (Unaudited)           *

CURRENT ASSETS
  Cash and cash equivalents                     $    62,665     $  191,157
  Accounts receivable - trade, net of allowances
   of $6,110 at September 30, 2007 and
   $3,000 at December 31, 2006                      445,992        392,134
  Inventory                                         381,068           -
  Prepaid expenses                                   97,874         62,328
                                                -----------     ----------
     TOTAL CURRENT ASSETS                           987,599        645,619

NOTE RECEIVABLE                                        -           400,329

PROPERTY AND EQUIPMENT                            7,019,023      6,240,135
  Less accumulated depreciation                   5,618,778      5,342,637
                                                -----------     ----------
                                                  1,400,245        897,498

DEFINITE-LIVED INTANGIBLE ASSETS,
 Net of accumulated amortization of $346,888      4,201,832           -

INDEFINITE-LIVED INTANGIBLE ASSETS-GOODWILL       1,894,851           -

INDEFINITE-LIVED INTANGIBLE ASSETS-OTHER            397,260           -

OTHER ASSETS                                          8,800          8,800
                                                 ----------     ----------
                                                 $8,890,587     $1,952,246
                                                 ==========     ==========

LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES
  Accounts payable - trade                       $  317,731     $  105,109
  Accrued expenses                                  265,336        374,568
  Deferred service revenue                          378,272        153,041
  Other liabilities                                   8,719           -
                                                -----------     ----------
     TOTAL CURRENT LIABILITIES                      970,058        632,718

LINES OF CREDIT - MAJORITY STOCKHOLDER           11,300,000      2,600,000

NOTE PAYABLE - MAJORITY STOCKHOLDER                 541,000        541,000

ACCRUED INTEREST - MAJORITY STOCKHOLDER             718,983        111,735


STOCKHOLDERS' EQUITY (DEFICIT)
 Common stock, $.01 par value, 100,000,000
 shares authorized, 48,416,407 and 48,356,407
 shares issued and outstanding at September
 30, 2007 and December 31, 2006, respectively       484,164        483,564
 Additional paid-in capital                       4,876,306      4,874,656
 Accumulated deficit                             (9,999,924)    (7,291,427)
 Comprehensive income                                  -              -
                                                 -----------    -----------
                                                 (4,639,454)    (1,933,207)
                                                 -----------    -----------
                                                 $8,890,587     $1,952,246
                                                 ===========    ===========
*  Derived from audited financial statements.

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


                            TELVUE CORPORATION AND SUBSIDIARY
                          CONSOLIDATED STATEMENTS OF OPERATIONS
                                    (UNAUDITED)

                                                   Three Months Ended
                                                     September 30,
                                              ----------------------------
                                                    2007            2006
                                                    ----            ----

REVENUES
  ANI services                                 $   323,847     $   369,337
  TVTN/PSG services                                662,902         141,259
                                               -----------     -----------
                                                   986,749         510,596
COST OF REVENUES
  ANI services                                     104,506         119,124
  TVTN/PSG services                                414,102         134,087
                                               -----------     -----------
TOTAL COST OF REVENUES                             518,608         253,211
                                               -----------     -----------
GROSS MARGIN                                       468,141         257,385
OPERATING EXPENSES
  Selling and marketing                            439,020         408,819
  General and administrative                       614,799         241,215
  Depreciation and amortization                    277,020          62,846
                                               -----------     -----------
                                                 1,330,839         712,880
                                               -----------     -----------
OPERATING LOSS                                    (862,698)       (455,495)

OTHER INCOME (EXPENSE)
  Interest income                                    7,753          16,386
  Interest expense                                (267,805)        (32,934)
  Gain on sale of equipment                           -               -
  Gain on Sale of marketable securities             10,045            -
                                               ------------     -----------
TOTAL OTHER INCOME (EXPENSE)                      (250,007)        (16,548)
                                               ------------     ----------
NET LOSS                                       $(1,112,705)     $ (472,043)
                                               ============     ===========

BASIC AND DILUTED NET LOSS PER COMMON SHARE          $(.02)          ($.01)
                                                     ======          ======
WEIGHTED AVERAGE NUMBER OF COMMON
SHARES OUTSTANDING
   BASIC AND DILUTED                             48,409,885      48,356,407
                                                 ==========      ==========

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

                              TELVUE CORPORATION AND SUBSIDIARY
                            CONSOLIDATED STATEMENTS OF OPERATIONS
                                        (UNAUDITED)

                                                    Nine Months Ended
                                                      September 30,
                                              ----------------------------
                                                    2007            2006
                                                    ----            ----

REVENUES
  ANI services                                 $ 1,019,298     $ 1,161,458
  TVTN/PSG services                              1,845,085         368,595
                                               -----------     -----------
                                                 2,864,383       1,530,053
COST OF REVENUES
  ANI services                                     326,186         346,795
  TVTN/PSG services                              1,056,522         407,328
                                               -----------     -----------
TOTAL COST OF REVENUES                           1,382,708         754,123
                                               -----------     -----------
GROSS MARGIN                                     1,481,675         775,930

OPERATING EXPENSES
  Selling and marketing                          1,304,730       1,007,387
  General and administrative                     1,703,680         806,837
  Depreciation and amortization                    623,029         166,075
                                               -----------     -----------
                                                 3,631,439       1,980,299
                                               -----------     -----------
OPERATING LOSS                                  (2,149,764)     (1,204,369)

OTHER INCOME (EXPENSE)
  Interest income                                   38,469          17,236
  Interest expense                                (607,248)        (63,325)
  Gain on sale of equipment                           -              7,000
  Gain on sale of marketable securities             10,045           -
                                                -----------     -----------
TOTAL OTHER INCOME (EXPENSE)                      (558,734)        (39,089)
                                                -----------     ----------
NET LOSS                                      $ (2,708,498)   $ (1,243,458)
                                                ===========     ===========

BASIC AND DILUTED NET LOSS PER COMMON SHARE          $(.06)          ($.03)
                                                     ======          ======
WEIGHTED AVERAGE NUMBER OF COMMON
SHARES OUTSTANDING
   BASIC AND DILUTED                             48,375,052      48,345,345
                                                 ==========      ==========

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

                             TELVUE CORPORATION AND SUBSIDIARY
                            CONSOLIDATED STATEMENTS OF CASH FLOWS
                                        (UNAUDITED)

                                                       Nine Months Ended
                                                         September 30,
                                                    ---------------------
                                                     2007            2006
                                                     ----            ----

CASH FLOWS FROM OPERATING ACTIVITIES
 Net loss                                       $(2,708,498)   $(1,243,458)
 Adjustments to reconcile net loss to
  net cash (used in) operating activities:
   Depreciation and amortization                    623,029        166,075
   Gain on sale of property and equipment              -            (7,000)
   Gain on sale of marketable securities            (10,045)          -
   Expense of previously capitalized
    Installation and production costs                  -            19,440
Changes in assets and liabilities:
   Accounts receivable - trade                       51,776        (45,209)
   Other receivables                                   -            10,900
   Inventory                                       (276,675)          -
   Prepaid expenses                                 (35,546)       (48,173)
   Accounts payable - trade                          22,633        (33,699)
   Accrued expenses                                (190,056)        49,748
   Deferred service revenue                          38,248         19,807
   Accrued interest - majority stockholder          607,248         63,325
                                                 -----------    -----------
    NET CASH (USED IN) OPERATING ACTIVITIES      (1,877,886)    (1,048,244)

CASH FLOWS FROM INVESTING ACTIVITIES
  Purchases of property and equipment              (649,181)      (446,621)
  Proceeds from sale of property and equipment         -             7,000
  Acquisition of business                          (213,720)          -
                                                   ---------       --------
   NET CASH (USED IN) INVESTING ACTIVITIES         (862,901)      (439,621)

CASH FLOWS FROM FINANCING ACTIVITIES
  Proceeds from line of credit - majority
     stockholder                                   2,600,000      1,400,000
  Proceeds from sale of marketable securities         10,045          -
  Issuance of common stock                             2,250          1,000
                                                   ---------      ---------
    NET CASH PROVIDED BY FINANCING ACTIVITIES      2,612,295      1,401,000
                                                   ---------      ---------
NET DECREASE IN CASH AND CASH EQUIVALENTS           (128,492)       (86,865)

CASH AND CASH EQUIVALENTS,
  BEGINNING OF PERIOD                                191,157        174,464
                                                  ----------     ----------
CASH AND CASH EQUIVALENTS, END OF PERIOD          $   62,665     $   87,599
                                                  ==========     ==========

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

                         TELVUE CORPORATION AND SUBSIDIARY
                     NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                     (UNAUDITED)

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

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

In the opinion of management, the accompanying unaudited financial
statements have been prepared in accordance with accounting principles generally
accepted in the United States of America and with the regulations of the
Securities and Exchange Commission and contain all adjustments (consisting of
only normal recurring adjustments) necessary to make the financial statements
not misleading and to present fairly the financial condition as of September 30,
2007 and the results of operations for the three and nine months ended September
30, 2007 and 2006 and cash flows for the nine months ended September 30, 2007
and 2006.

Going Concern and Management's Plan
-----------------------------------

The accompanying financial statements have been prepared on the basis of
generally accepted accounting principles applicable to a "going concern",
which assume that the Company will continue in operation for at least one year
and will be able to realize its assets and discharge its liabilities in the
normal course of operations.

Conditions exist, however, that cast doubt about the Company's ability to
continue as a "going concern".  In order to fund operations, the Company
relies on funds drawn on lines of credit held by the Company with the
Company's majority stockholder, H.F. (Gerry) Lenfest.  Based on the Company's
current draw-down rate, the funds remaining in the current lines of credit are
not sufficient to sustain the Company's operations for the next 12 month period.
Although the Company is currently in discussions with Mr. Lenfest to receive
additional funding under new lines of credit, no firm commitments have been
obtained.  Funding the Company's future capital requirements will depend on
numerous factors including, but not limited to, the Company receiving continued
financial support from Mr. Lenfest, obtaining financing from other outside
sources, or generating profitable operations.

While management believes that additional funding will be secured to mitigate
the adverse conditions and events which raise doubt about the validity of
the "going concern" assumption used in preparing these financial statements,
there can be no assurance that this action will be successful.

These financial statements do not reflect adjustments that would be necessary
if the Company were unable to continue as a "going concern". If the Company
were unable to continue as a "going concern", then substantial adjustments
would be necessary to the carrying values of assets, the reported amounts of
its liabilities, the reported expenses, and the balance sheet classifications
used.

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

While management believes that the disclosures presented are adequate to
prevent misleading information, these unaudited financial statements must be
read in conjunction with the audited financial statements and notes included in
TelVue Corporation's Annual Report on Form 10-KSB for the year ended December
31, 2006, as filed with the Securities and Exchange Commission.

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

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

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

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

Goodwill, Trademarks and Other Intangible Assets
------------------------------------------------
In accordance with SFAS No. 142, "Goodwill and Other Intangible Assets", the
Company classifies intangible assets into three categories: (1) initangible
assets with definite lives subject to amortization, (2) intangible assets with
indefinite lives not subject to amortization, and (3) goodwill.  The Company
tests intangible assets with definite lives for impairment if conditions exist
that indicate the carrying value may not be recoverable.  Such conditions may
include an economic downturn in a geographic market or a change in the
assessment of future operations.  The Company records an impairment charge when
the carrying value of the definite lived intangible asset is not recoverable by
the cash flows generated from the use of the asset.

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

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

2.  ACQUISITION
    -----------

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

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

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

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

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

      Revenues                              $ 3,154,928    $ 2,810,040
      Net loss                              $(3,248,063)   $(2,831,734)
      Basic and diluted net loss per share  $      (.07)   $      (.06)


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

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

  Accounts receivable                          $105,634
  Inventory                                     104,393
  Property and equipment                        129,707
  Definite-lived intangible assets            4,548,720
  Goodwill                                    1,894,851
  Other indefinite-lived intangible assets      397,260
  Accounts payable and accrued expenses        (279,533)
  Deferred service revenue                     (186,983)
  Note payable                                 (400,329)
  Amount financed                            (6,100,000)
                                             ----------
  CASH PAID FOR ACQUISITION                    $213,720

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

NON-CASH INVESTING AND FINANCING TRANSACTIONS
---------------------------------------------
During the nine months ended September 30, 2007, the Company received marketable
securities with a value of $63,719 from a customer as partial payment of
outstanding receivables.  These securities were sold during July, 2007,
resulting in a realized gain on sale of marketable securities of $10,045.

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

Basic earnings per common share is computed by dividing net income, after
deduction of preferred stock dividends, when applicable, by the weighted
average number of shares of outstanding common stock.  Diluted earnings per
common share is computed by dividing net income, after the deduction of
preferred stock dividends, when applicable, by the weighted average number of
shares of outstanding common stock adjusted to include incremental common shares
that would have been outstanding if potentially dilutive common shares had been
issued.  Common equivalent shares are excluded from the computation in periods
in which they have an antidilutive effect.  Because of the net loss available
to common stockholders for the nine months ended September 30, 2007 and 2006,
no potential common shares were included in the computation of a diluted per
share amount since such potential common shares would not have a dilutive
effect.

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

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

The provisions for income tax benefit from continuing operations for the nine
months ended September 30, 2007 and 2006 consisted of the following components:

                                                 2007               2006
                                              -----------        ----------
Current
 Federal                                       $    -             $   -
 State                                              -                 -
                                              -----------        ----------
                                                    -                 -
Deferred
 Federal                                         465,000           371,000
 State                                           126,000           102,000
                                               ----------        ----------
                                                 591,000           473,000
Valuation allowance increase                    (591,000)         (473,000)
                                               ----------        ----------
                                                     -                -
                                               ----------        ----------
                                               $     -           $    -
                                               ==========        ==========

TelVue recorded an increase in valuation allowance of $591,000 at September
30, 2007 to reduce its deferred tax asset to zero.  The valuation allowance
was recorded due to the uncertainty as to whether future net income would be
generated that would utilize TelVue's net operating loss carry forward.
TelVue's federal net operating loss carry forward was approximately $7,300,000
on a tax-reporting basis as of September 30, 2007.  The carry forward will
begin to expire in 2010, if not utilized.

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

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

6.  NOTES PAYABLE AND LINE OF CREDIT - MAJORITY STOCKHOLDER
    ------------------------------------------------------

Note Payable - Majority Stockholder
-----------------------------------

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

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

On April 27, 2005, TelVue entered into a Line of Credit Note with Mr. Lenfest
(the "2005 Note").  Under the terms of the 2005 Note, the Company may borrow,
from time to time, up to the maximum principal amount of the 2005 Note which
is $3,800,000.  The minimum advance under the 2005 Note is $100,000 and the
interest rate is equal to the prime rate plus one percent (1%).  The 2005 Note
contains customary events of default, including, among others, non-payment of
principal and interest and in the event the Company is involved in certain
insolvency proceedings.  In the event of a default, all of the obligations of
the Company under the 2005 Note may be declared immediately due and payable.
The Line of Credit is unsecured and will expire on November 23, 2011, unless
extended or renewed.  Principal and interest on the 2005 Note are also due and
payable on November 23, 2011.  As of September 30, 2007, the Company has
borrowed $3,800,000 under the 2005 Note, fully exhausting the Note, with
accrued interest of $354,194.

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

On November 3, 2006, the Company entered into an additional Line of Credit Note
(the "2006 Note") with Mr. Lenfest, in the principal amount of Ten Million
Dollars ($10,000,000).  Under this Line of Credit, the Company may request up to
$5,000,000 for general working capital.  The Company may request up to an
additional $5,000,000 available under this Line of Credit for purposes other
than general working capital upon mutual agreement by the Company and Mr.
Lenfest.  The minimum advance under the 2006 Note is $100,000 and the interest
rate is equal to the prime rate plus one percent (1%).  The 2006 Note contains
customary events of default, including, among others, non-payment of principal
and interest and in the event TelVue is involved in certain insolvency
proceedings.  In the event of a default, all of the obligations of the Company
under the 2006 Note may be declared immediately due and payable.  The 2006 Note
is unsecured and will expire six years from the date of the first advance under
the 2006 Note unless extended or renewed.  Principal and interest are also due
and payable six years from the date of the first advance under the 2006 Note.
As of September 30, 2007, the Company has borrowed $7,500,000 under the 2006
Note with accrued interest of $364,790.

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

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

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

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

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

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

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

Nine months ended September 30, 2007       ANI     TVTN/PSG     Total
------------------------------------  ----------  ----------  ----------
Revenues                              $1,019,298  $1,845,085  $2,864,383
Operating income/(loss)                  367,313  (2,517,076) (2,149,763)
Interest expense                            -        607,248     607,248
Net income/(loss)                        411,906  (3,120,404) (2,708,498)
Capital expenditures                        -        649,181     649,181

Nine months ended September 30, 2006       ANI     TVTN/PSG     Total
------------------------------------   ---------- ----------  ----------
Revenues                               $1,161,458 $  368,595  $1,530,053
Operating income/(loss)                   567,875 (1,772,244) (1,204,369)
Interest expense        	             -        63,325      63,325
Net income/(loss)                         592,111 (1,835,569) (1,243,458)
Capital expenditures                        2,810    443,811     446,621


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

The Company provided ANI service to Adelphia Communications ("Adelphia").
Adelphia filed for Chapter 11 bankruptcy on June 25, 2002.  At the time of
the filing pre-bankruptcy, outstanding accounts receivable from Adelphia of
$157,210 were due to the Company.  During the fourth quarter of 2002, the
Company established a bad debt reserve of $78,605, representing 50% of the
outstanding balance due from Adelphia as of the bankruptcy filing date on
June 25, 2002.  During August 2006, the Company received payments totaling
$48,949 from Adelphia which represented payment of a number of outstanding
invoices at 100% of their value.  Because these invoices had a previously
established bad debt reserve of 50% of their value, the Company reduced the
bad debt reserve by $24,474 at September 30, 2006.  In February 2007, the
Company received payment in full for all outstanding invoices including accrued
interest.  The payment was made partially in cash, with the remainder being
paid through the issuance of Time Warner Cable stock with a value of $63,719 at
the time of the payment.


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

This Quarterly Report contains certain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended, which are
intended to be covered by the safe harbors created thereby.  All forward-
looking statements involve risks and uncertainty, including without
limitation, the ability of the Company to continue its growth strategy,
increases in costs of labor, and employee benefits, as well as general
market conditions and competition.  Although the Company believes that the
assumptions underlying the forward-looking statements contained herein are
reasonable, any of the assumptions could be inaccurate, and therefore,
there can be no assurance that the forward-looking statements included in
this Quarterly Report will prove to be accurate.  In light of the
significant uncertainties inherent in the forward-looking statements
included in this Quarterly Report, the inclusion of such information
should not be regarded as a presentation by the Company or any other person
that the objectives and plans of the Company will be achieved.

OVERVIEW OF COMPANY:

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

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

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

As discussed in Note 1 of the Notes to Consolidated Financial Statements,
conditions exist that cast doubt about the Company's ability to
continue as a "going concern".  In order to fund operations, the Company
relies on funds drawn on lines of credit held by the Company with the
Company's majority stockholder, H.F. (Gerry) Lenfest.  Based on the Company's
current draw-down rate, the funds remaining in the current lines of credit are
not sufficient to sustain the Company's operations for the next 12 month period.
Although the Company is currently in discussions with Mr. Lenfest to receive
additional funding under new lines of credit, no firm commitments have been
obtained.  Funding the Company's future capital requirements will depend on
numerous factors including, but not limited to, the Company receiving continued
financial support from Mr. Lenfest, obtaining financing from other outside
sources, or generating profitable operations.


RESULTS OF OPERATIONS:

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

     The ANI segment had operating income of $128,280 and $367,313 for the three
and nine months ended September 30, 2007, compared to $192,287 and $567,875 for
the three and nine months ended September 30, 2006. The decrease in operating
income was mainly a result of the decrease in ANI service revenue of $45,490 and
$142,160 for the three and nine months ended September 30, 2007, respectively,
when compared to the same period of 2006.  As expected, pay-per-view buy revenue
decreased $21,540 and $39,372 for the three and nine months ended September 30,
2007, and feature revenue decreased $32,612 and $139,669 for the three and nine
months ended September 30, 2007 when compared to the same periods of 2006.
These decreases were mainly due to a reduction in the number of subscribers
served during this period when compared to 2006 (as discussed below).  TelVue
believes there is a loss of focus by cable operators on the pay-per-view product
line, primarily because of the amount of time cable operators are spending on
promoting new product lines such as digital service and high-speed internet
access.

     As of September 30, 2007, TelVue was serving approximately 4.6 million
full-time cable subscribers compared to approximately 4.9 million full-time
cable subscribers served as of September 30, 2006.    During the nine months
ended September 30, 2007, approximately 1.5 million full-time and part-time
cable subscribers cancelled the ANI service, the largest being Time Warner
Cable in New York, NY, which accounted for 1.1 million part-time subscribers.
During the same period, 88,000 new cable subscribers were added to the ANI
service.  The cable operators cancelled the ANI service primarily as a result
of moving their subscribers onto two-way digital service which allows the cable
operator to process ordering of pay-per-view movies and events directly from its
customers without using TelVue's ANI service.  Management believes the long-term
effects of deployment of digital two-way service will continue to negatively
impact the TelVue ANI service.  As a result of the cable and satellite
subscriber cancellations noted above, TelVue expects to continue to decrease its
revenue and operating income indefinitely for its ANI segment.

     ANI cost of revenues decreased $14,618 for the three months ended September
30, 2007, when compared to the same period of 2006.  This decrease was primarily
due to savings in data link lines, software maintenance and compensation
expenses as a result of allocating more of the technical payroll and benefits
to the TVTN/PSG segment, offset by higher trunk line expenses.  For the nine
months ended September 30, 2007, ANI cost of revenues decreased by $20,609.
This decrease was primarily due to a favorable variance in software
maintenance expense of $33,411 as a result of reversing 2006 accrued but
unbilled expenses for Telco Solutions, Inc., TelVue's HP software support
provider ("Telco Solutions").  Telco Solutions and TelVue worked out an
arrangement to allow Telco Solutions to co-locate equipment at the TelVue
facility.  In exchange for the co-location, Telco Solutions waived their
2006 and 2007 software maintenance fees.  Trunk lines showed an increase of
$66,707 as a result of credits received in 2006 related to prior over-
charges, in addition to increased current year usage for pay per view events.
There was also a reduction in technical payroll, payroll taxes and benefits
for the nine month period of $32,001 when compared to the same period of
2006 as a result of the previously mentioned increase in the amount
allocated to the TVTN/PSG segment.  Selling expenses related to the ANI
service increased $293 and $9,388 for the three and nine months ended September
30, 2007, respectively, when compared to the same periods of 2006.  The increase
for the nine months ended September 30, 2007 was primarily the result of higher
current year commission expense due to 88,000 cable subscribers being adding in
2007 as opposed to zero in 2006.  ANI segment general and administrative
expenses increased $27,757 and $64,153 for the three and nine months ended
September 30, 2007, when compared to the same periods of 2006, as a result of a
higher amount of corporate adminstrative expenses to be allocated than in 2006.

     The TVTN/PSG service had operating losses of $990,977 and $2,517,076 for
the three and nine months ended September 30, 2007, compared to operating losses
of $647,782 and $1,772,244 for the three and nine months ended September 30,
2006. TVTN/PSG service revenue increased $521,643 and $1,476,490 for the three
and nine months ended September 30, 2007, compared to the same periods of 2006.
The majority of the revenue increases were attributed to the PSG operating unit,
which was acquired on March 12, 2007.  To help speed TVTN penetration, shorten
the sale cycle, and assist clients in finding funding for the TVTN service,
TelVue offers a sponsorship program that finds regional and local businesses as
sponsors or underwriters for TVTN clients to help defray TVTN charges.  In
return, the TVTN client places an acknowledgement of the sponsor's support on
its town or school's access channel. Many towns have adopted this method of
funding the cost of the TVTN service. As of September 30, 2007, TVTN was
providing service to 122 towns/schools/retirement communities compared to 78
towns at September 30, 2006, and also had 93 sponsors launched and funding the
town's channel as of September 30, 2007, compared to 61 sponsors launched at
September 30, 2006.  TelVue is marketing the TVTN service nationally with an
initial focus in New Jersey, Pennsylvania and Delaware.  TelVue has sold the
service to clients in California, Florida, Georgia, Maryland, Massachusetts,
New York, North Carolina, Texas, Virginia and Washington; the remainders are
in the New Jersey, Pennsylvania and Delaware areas.  PSG's traditional
marketing efforts have been at conferences, seminars and trade shows, in
addition to the use of direct mail and referrals.  PSG has sold equipment in 32
different states and the District of Columbia.  Cost of revenues for the TVTN/
PSG service increased $280,015 and $649,194 for the three and nine months ended
September 30, 2007, when compared to the same periods of 2006, mainly as a
result of payroll for additional production and design personnel, in addition
to the expenses associated with the PSG operating unit.  Selling expenses
related to the TVTN/PSG service increased $29,908 and $287,955 for the three and
nine months ended September 30, 2007, when compared to the same periods of 2006.
This increase was a result of additional sales personnel hired to aggressively
market and sell the TVTN/PSG services, as well as increases in advertising,
commission, travel and trade show expenses combined with the operating expenses
of the PSG unit.  TVTN/PSG general and administrative expenses increased
$345,826 and $832,689 for the three and nine months ended September 30, 2007
when compared to the same periods of 2006.  This increase was primarily a result
of allocating a larger portion of rent and other operational expenses to the
TVTN/PSG segment, along with the addition of the expenses related to the PSG
operating unit.  As with many start-up ventures, management anticipates that
expenses will continue to grow as the operations and marketing efforts for the
TVTN/PSG service increase.

    TelVue had net losses of $1,112,705 and $2,708,498 for the three and nine
months ended September 30, 2007, compared to a net loss of $472,043 and
$1,243,458 for the three and nine months ended September 30, 2006.  At September
30, 2007 and 2006, TelVue recorded valuation allowance increases of $591,000 and
$473,000, respectively, to reduce its deferred tax asset to zero. The valuation
allowances were recorded due to the uncertainty as to whether future net income
would be generated that would utilize TelVue's net operating loss carry forward.
TelVue's federal net operating loss carry forward was approximately $7,300,000
on a tax-reporting basis as of September 30, 2007 (see Note 5 of TelVue's
accompanying financial statements).

     During the nine months ended September 30, 2007, TelVue purchased $649,181
of equipment compared to $446,621 purchased during the nine months ended
September 30, 2006.  The majority of the equipment purchased during the nine
months ended September 30, 2007 and 2006 was for software development and
equipment related to the TVTN service.  Depreciation and amortization expense
increased $214,174 and $456,954 for the three and nine months ended September
30, 2007, as a result of the capital purchases, in addition to the
amortization expense related to the PSG intangible assets. Depreciation and
amortization accounted for 17% and 8% of total operating expenses for the nine
months ended September 30, 2007 and 2006, respectively.

     As of September 30, 2007, TelVue maintained a bad debt reserve in the
amount of $6,110.  The reserve was calculated based on the estimate that 1% of
outstanding receivables would not be collected.

     TelVue's days for sales in average accounts receivable was 40 days at
September 30, 2007, compared to 46 days at September 30, 2006, not including
the outstanding balances due from Adelphia Cable. TelVue does not offer
incentives or discounts to its customers, nor has it changed its credit terms
with its customers for its TVTN or ANI services.  A 2% cash, 1% net 15 days
discount is offered by PSG for payments related to equipment purchases.  TelVue
had negative cash flow from operating activities of $1,877,886 and $1,048,244
for the nine months ended September 30, 2007 and 2006, respectively.  The
decrease in cash flow compared to 2006 was primarily due to a reduction in ANI
service revenue and an increase in TVTN/PSG expenses (as described above).

LIQUIDITY AND CAPITAL RESOURCES:

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

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

    On April 27, 2005, TelVue entered into a Line of Credit Note (the "2005
Note) with Mr. Lenfest.  The 2005 Note was secured to provide funding to grow
the TVTN service.  Under the terms of the 2005 Note, TelVue may borrow, from
time to time, up to the maximum principal amount of the 2005 Note, which is
$3,800,000.  The minimum advance under the 2005 Note is $100,000 and the
interest rate of the 2005 Note is equal to the prime rate plus one percent
(1%).  The 2005 Note contains customary events of default, including, among
others, non-payment of principal and interest and in the event TelVue is
involved in certain insolvency proceedings.  In the event of a default, all of
the obligations of TelVue under the 2005 Note may be declared immediately due
and payable. The 2005 Note is unsecured and will expire six years from the date
of the first advance under the 2005 Note, which is November 23, 2011, unless
extended or renewed.  Principal and interest on the 2005 Note are also due and
payable on November 23, 2011.  Since the inception of this note, TelVue has
borrowed $3,800,000 under the terms of the 2005 Note, fully exhausting this
note,  and accrued interest on the borrowings in the amount of $354,194 as of
September 30, 2007.

     As a result of the anticipated exhaustion of the funds available under the
2005 Note, TelVue entered into an additional Line of Credit Note (the "2006
Note") with Mr. Lenfest on November 3, 2006, in the principal amount of
$10,000,000.  Under the 2006 Note, TelVue may request up to $5,000,000 for
general working capital.  TelVue may request up to an additional $5,000,000
available under the 2006 Note for purposes other than general working capital
upon mutual agreement by TelVue and Mr. Lenfest.  The minimum advance under
the 2006 Note is $100,000 and the interest rate of the 2006 Note is equal to
the prime rate plus one percent (1%).  The 2006 Note contains customary events
of default, including, among others, non-payment of principal and interest and
in the event TelVue is involved in certain insolvency proceedings.  In the event
of a default, all of the obligations of TelVue under the 2006 Note may be
declared immediately due and payable. The 2006 Note is unsecured and will
expire six years from the date of the first advance under the 2006 Note unless
extended or renewed.  Principal and interest on the 2006 Note are also due and
payable six years from the date of the first advance under the 2006 Note. As
of September 30, 2007, the Company has borrowed $7,500,000 under the 2006 Note
with accrued interest in the amount of $364,790.

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

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

     TelVue's ability to fully fund its operating expenses has suffered by the
loss of a large number of its subscriber base for the ANI service.  As
discussed above, TelVue anticipates a continued decrease in revenue and an
increase in net loss for the ANI service.  In order to continue to fund a
majority of its ANI operating expenses, TelVue needs to retain its current
subscriber base level. Management believes that over time, continued
erosion will occur in the subscriber base.  As discussed above, during the
nine months ended September 30, 2007, TelVue had 1,493,000 subscribers
cancel service and only 88,000 new subscribers were added to the ANI
service. The cable operators cancelled the ANI service primarily as a
result of moving their subscribers onto two-way digital service.

     TelVue has been, and continues to be, dependent upon Mr. Lenfest for
funds to pay the majority of operating and capital expenditures for the TVTN
Network as well as the newly acquired PSG subsidiary.  As discussed above
TelVue believed the financing from Mr. Lenfest under the 2005 Note described
above would be exhausted by approximately August 2007 or sooner.  As a result,
TelVue secured the 2006 Note from Mr. Lenfest to help TelVue grow the TVTN
service to a profitable level.  As of September 30, 2007, there was cash
equivalent balance of $62,655, compared to a balance of $191,157 as of
December 31, 2006. As of September 30, 2007, the 2005 Note was fully exhausted
and there was $2,500,000 available under the 2006 Note.  As discussed in Note 1
in the Notes to Consolidated Financial Statements, these funds will not be
sufficient to sustain operations for the next 12 month period.  As a result,
TelVue's ability to continue to operate as a "going concern" is continguent
upon obtaining additional financial support from Mr. Lenfest or other outside
sources, or generating profitable operations. While maintaining the ANI
pay-per-view ordering business, TelVue intends to continue to aggressively
market and sell the TVTN Network and PSG services.  However, there can be no
assurance that its marketing efforts will be successful.  Although the Company
is currently in discussions with Mr. Lenfest to receive additional funding under
new lines of credit, no firm commitments have been obtained.  While management
believes that additional funding will be secured, there can be no assurance
that this action will be successful.

ITEM 3.  CONTROLS AND PROCEDURES

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

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

PART II.  OTHER INFORMATION

ITEM 6.  EXHIBITS

       Exhibits

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

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

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

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

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

4.1    The TelVue Corporation 1999 Stock Option Plan (incorporated by
       reference to Exhibit 99 of TelVue's Registration Statement on
       Form S-8, dated September 23, 1999 (the "1999 Stock Option
       Plan"), File No. 000-17170).

4.2    Form of ISO Option Agreement issued pursuant to the 1999 Stock
       Option Plan (incorporated by reference to TelVue's Annual
       Report on Form 10-KSB for the year ended December 31, 1999, (the
       "1999 Form 10-KSB") File No. 000-17170).

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

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

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

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

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

10.2   Stock Purchase Agreement, dated November 2, 1989, between the
       Company and H.F. Lenfest (incorporated by reference to the
       Company's Report on Form 8-K, dated November 15, 1989 (the "1989
       Form 8-K"), File No. 000-17170).

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

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

10.5   Lease Agreement dated April 25, 1991 for office space and the First
       Amendment to Lease dated March 30, 1994 ("Office Lease Agreement"),
       between TelVue and Bloom Associates (incorporated by reference to the
       1994 Form 10-KSB, File No. 000-17170).

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

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

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

10.9   Asset Purchase Agreement by and among TelVue and J.D. Kraengel and
       Associates, Inc. f/k/a Dacon Corporation d/b/a Source Communications
       Group and Jeffrey Kraengel, dated February 14, 2001 (incorporated by
       reference to the March 26, 2001 Form 8-K, File No. 000-17170).

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

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

10.12  Summary of Executive Compensation, as amended (incorporated by reference
       to the June 30, 2007 Form 10-QSB, File No. 000-17170).

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

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

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

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

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

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

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

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

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

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

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

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

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

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

                                  SIGNATURES

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

                                       TELVUE CORPORATION


DATED:  11/14/07                   By:    /s/Joseph M. Murphy
                                        ----------------------------------
                                        Joseph M. Murphy
                                        President (Chief Executive Officer)


DATED:  11/14/07                   By:   /s/John Fell
                                        ----------------------------------
                                        John Fell
                                        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.

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.

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.

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.

EXHIBIT 31.1
CERTIFICATION

	I, Joseph M. Murphy, certify that:

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

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

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

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

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

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

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

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

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

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

Date:  11/14/07
                                              /s/Joseph M. Murphy
    		                              --------------------
                                              Joseph M. Murphy
	    	                              President (Chief Executive Officer)

EXHIBIT 31.2
CERTIFICATIONS

	I, John Fell, certify that:

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

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

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

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

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

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

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

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

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

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

Date:   11/14/07

                                            /s/John Fell
                                            ---------------------
                                            John Fell
                                            Treasurer (Controller)


EXHIBIT 32.1

TELVUE CORPORATION


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


In connection with the Quarterly Report of TelVue Corporation (the "Company")
on Form 10-QSB for the period ended September 30, 2007 as filed with the
Securities and Exchange Commission on the date hereof (the "Report"), I,
Joseph M. Murphy, Chief Executive Officer of the Company, certify, pursuant
to 18 U.S.C. sec. 1350, as adopted pursuant to Section 906 of the Sarbanes-
Oxley Act of 2002, that:

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

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



Date:	 11/14/07                     /s/Joseph M. Murphy
                                      --------------------
                                      Joseph M. Murphy
                                      President (Chief Executive Officer)


EXHIBIT 32.2

TELVUE CORPORATION


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


In connection with the Quarterly Report of TelVue Corporation (the "Company")
on Form 10-QSB for the period ended September 30, 2007 as filed with the
Securities and Exchange Commission on the date hereof (the "Report"), I, John
Fell, Controller of the Company, certify, pursuant to 18 U.S.C. sec. 1350, as
adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

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

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



Date:	 11/14/07                   /s/John Fell
                                    -------------------
                                    John Fell
                                    Treasurer (Controller)