EXHIBIT INDEX APPEARS ON PAGE


                     U.S. SECURITIES AND EXCHANGE COMMISSION

                               Washington, DC  20549

                                    FORM 10-QSB

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

                 For the quarterly period ended September 30, 2002

                          Commission File Number: 0-17170


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




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



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

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

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

Number of shares of registrant's common stock outstanding as of October 17,
2002: 24,795,052 shares.

Transitional Small Business Disclosure Form:  Yes       No   X
                                                  ------   ------
This report includes a total of 27 pages.


                         TELVUE CORPORATION

                                       INDEX

                                                                      PAGE
                                                                       NO.
                                                                      -----

PART I.   FINANCIAL INFORMATION


          Item 1.  Financial Statements

          Balance Sheets as of September 30, 2002
          (unaudited) and as of December 31, 2001

          Statements of Operations for the three
          months ended September 30, 2002 (unaudited)
          and September 30, 2001 (unaudited)

          Statements of Operations for the nine
          months ended September 30, 2002 (unaudited)
          and September 30, 2001 (unaudited)

          Statements of Cash Flows for the nine
          months ended September 30, 2002 (unaudited)
          and September 30, 2001 (unaudited)

          Notes to Financial Statements (unaudited)

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

          Item 3.  Disclosure Controls and Procedures


PART II.  OTHER INFORMATION

          Item 6.  Exhibits and Reports on Form 8-K

<Page>
<Table>
PART I.  Financial Information
ITEM I.  Financial Statements
                                 TELVUE CORPORATION
                                   BALANCE SHEETS

                                               September 30,   December 31,
                                                   2002            2001
                                               -------------   -----------
<S>                                              <C>             <C>

ASSETS                                         (Unaudited)              *

CURRENT ASSETS
  Cash and cash equivalents                     $   572,289     $  544,455
  Accounts receivable - trade                     1,351,294      1,015,417
  Inventory                                          45,536         26,887
  Deferred tax asset                                350,000        290,000
  Prepaid income tax                                  5,700           -
  Other current assets                               35,403         54,574
                                                -----------     ----------
     TOTAL CURRENT ASSETS                         2,360,222      1,931,333

PROPERTY AND EQUIPMENT
  Machinery and equipment                         5,364,609      5,290,812
  Less accumulated depreciation                   5,023,257      4,823,727
                                                -----------     ----------
                                                    341,352        467,085

OTHER ASSETS
  Deferred tax asset                                370,000        699,906
  Goodwill                                        1,170,819      1,170,819
  Covenant not to compete - net of accumulated
   amortization of $3,955 and $2,083 in 2002
   and 2001, respectively                             6,045          7,917
  Other assets                                        8,800          9,300
                                                 ----------     ----------
                                                  1,555,664      1,887,942
                                                 ----------     ----------
                                                 $4,257,238     $4,286,360
                                                 ==========     ==========

LIABILITIES AND STOCKHOLDERS' DEFICIT

CURRENT LIABILITIES
  Notes payable - current                          $154,393       $113,242
  Accrued interest majority stockholder-current     216,000        150,000
  Accounts payable - trade                          243,578        205,936
  Accrued expenses                                  197,235        233,316
  Deferred service revenue, net of expense            2,890          2,999
  Income taxes payable                                 -            53,000
  Accrued dividends payable                       2,005,659      1,688,976
                                                -----------     ----------
     TOTAL CURRENT LIABILITIES                    2,819,755      2,447,469

NOTES PAYABLE - MAJORITY STOCKHOLDER                541,000        541,000

ACCRUED INTEREST - MAJORITY STOCKHOLDER - net
   of current portion                             1,220,959      1,643,892

NOTES PAYABLE, net of current portion                80,169        196,690

REDEEMABLE CONVERTIBLE PREFERRED STOCK, $1 par
  value, 6,900,000 shares authorized,
  3,518,694 shares issued and outstanding
  (liquidation value of $5,418,792 and
  $5,207,670 at September 30, 2002 and
  December 31, 2001, respectively)                3,518,694      3,518,694

COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS' DEFICIT
  Common stock, $.01 par value, 100,000,000
  shares authorized, 24,795,052 and 24,771,583
  shares issued and outstanding at September
  30, 2002 and December 31, 2001, respectively      247,951        247,716
  Additional paid-in capital                      1,586,575      1,585,310
  Accumulated deficit                            (5,757,865)    (5,894,411)
                                                 -----------    -----------
                                                 (3,923,339)    (4,061,385)
                                                 -----------    -----------
                                                 $4,257,238     $4,286,360
                                                 ===========    ===========

*  Derived from audited financial statements.

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

<Page>

                                   TELVUE CORPORATION
                                STATEMENTS OF OPERATIONS
                                       (UNAUDITED)


                                                    Three Months Ended
                                                       September 30,
                                               ----------------------------
                                                     2002            2001
                                                     ----            ----
REVENUES
  ANI services                                 $ 1,295,040     $ 1,347,742
  Hardware sales and service                       480,590         544,916
                                               -----------     -----------
TOTAL REVENUES                                   1,775,630       1,892,658

COST OF REVENUES
  ANI services                                     409,695         538,706
  Hardware sales and service                       392,232         423,822
                                              ------------     -----------
TOTAL COST OF REVENUES                             801,927         962,528
                                              ------------     -----------
GROSS MARGIN                                       973,703         930,130

OPERATING EXPENSES
  Selling and marketing                            233,240         207,318
  General and administrative                       196,346         205,318
  Depreciation & amortization                       63,076         100,609
                                               -----------     -----------
TOTAL OPERATING EXPENSES                           492,662         513,245
                                               -----------     -----------
OPERATING INCOME                                   481,041         416,885

OTHER INCOME (EXPENSE)
  Interest income                                    1,232           5,050
  Interest expense                                 (24,511)        (48,412)
                                                -----------     -----------
TOTAL OTHER INCOME (EXPENSE)                       (23,279)        (43,362)
                                                -----------     -----------

INCOME BEFORE INCOME TAXES                         457,762         373,523

INCOME TAX                                        (190,594)       (193,359)
                                                ------------     ----------

NET INCOME                                         267,168         180,164

DIVIDENDS ON REDEEMABLE
  CONVERTIBLE PREFERRED STOCK                     (105,561)       (105,561)
                                                -----------    ------------
NET INCOME AVAILABLE TO
  COMMON STOCKHOLDERS                           $  161,607     $    74,603
                                                ===========    ============

NET INCOME PER COMMON SHARE
  BASIC                                               $.01            $.00
                                                ============    ===========
  DILUTED                                             $.00            $.00
                                                ============    ===========

WEIGHTED AVERAGE NUMBER OF COMMON
SHARES OUTSTANDING
   BASIC                                         24,785,824      24,771,583
                                                 ==========      ==========
   DILUTED                                       55,901,399      90,296,954
                                                 ==========      ==========


The accompanying unaudited notes are an integral part of these statements

                                  TELVUE CORPORATION
                                STATEMENTS OF OPERATIONS
                                       (UNAUDITED)

                                                   Nine Months Ended
                                                     September 30,
                                               ----------------------------
                                                     2002            2001
                                                     ----            ----
REVENUES
  ANI services                                 $ 3,620,067     $ 3,990,423
  Hardware sales and service                     1,665,499         983,070
                                               -----------     -----------
TOTAL REVENUES                                   5,285,566       4,973,493

COST OF REVENUES
  ANI services                                   1,417,866       1,499,724
  Hardware sales and service                     1,373,443         772,631
                                              ------------     -----------
TOTAL COST OF REVENUES                           2,791,309       2,272,355
                                              ------------     -----------
GROSS MARGIN                                     2,494,257       2,701,138

OPERATING EXPENSES
  Selling and marketing                            807,954         563,422
  General and administrative                       656,405         662,243
  Depreciation & amortization                      201,403         285,362
                                               -----------     -----------
TOTAL OPERATING EXPENSES                         1,665,762       1,511,027
                                               -----------     -----------
OPERATING INCOME                                   828,495       1,190,111

OTHER INCOME (EXPENSE)
  Interest income                                    4,915          22,375
  Interest expense                                 (79,278)       (169,849)
                                                -----------     -----------
TOTAL OTHER INCOME (EXPENSE)                       (74,363)       (147,474)
                                                -----------     -----------

INCOME BEFORE INCOME TAXES                         754,132       1,042,637

INCOME TAX                                        (300,906)       (426,308)
                                                ------------     ----------

NET INCOME                                         453,226         616,329

DIVIDENDS ON REDEEMABLE
  CONVERTIBLE PREFERRED STOCK                     (316,683)       (316,683)
                                                -----------    ------------
NET INCOME AVAILABLE TO
  COMMON STOCKHOLDERS                           $  136,543     $   299,646
                                                ===========    ============

NET INCOME PER COMMON SHARE
  BASIC                                               $.01            $.01
                                                ============    ===========
  DILUTED                                             $.00            $.01
                                                ============    ===========

WEIGHTED AVERAGE NUMBER OF COMMON
SHARES OUTSTANDING
   BASIC                                         24,778,712      24,738,249
                                                 ==========      ==========
   DILUTED                                       55,894,287      90,263,620
                                                 ==========      ==========


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

<Page>

                                   TELVUE CORPORATION
                                STATEMENTS OF CASH FLOWS
                                    (UNAUDITED)


                                                      Nine Months Ended
                                                         September 30,
                                                    ---------------------
                                                     2002            2001
                                                     ----            ----

CASH FLOWS FROM OPERATING ACTIVITIES
  Net Income                                    $   453,226       $616,329
  Adjustments to reconcile net income to
   net cash provided by operating activities:
    Depreciation & amortization                     201,403        285,362
    Deferred taxes                                  269,906        373,308
  Changes in assets and liabilities:
   Decrease (increase) in -
    Accounts receivable - trade                    (335,877)      (178,632)
    Inventory                                       (18,649)       (93,737)
    Other current assets                             19,171        (10,124)
    Prepaid income taxes                             (5,700)           -
    Other assets                                        500            -
   Increase (decrease) in -
    Accrued interest - majority stockholder        (356,931)       (88,088)
    Accounts payable - trade                         37,642        138,973
    Accrued expenses                                (36,081)       160,649
    Deferred service revenue, net of expense           (109)           -
    Income taxes payable                            (53,000)        53,000
                                                 -----------    -----------
    NET CASH PROVIDED BY OPERATING ACTIVITIES       175,501      1,257,040
                                                 -----------    -----------

CASH FLOWS FROM INVESTING ACTIVITIES
  Purchases of property and equipment               (73,797)      (129,710)
  Other assets (deposit on Source purchase)           -            100,000
  Acquisition of assets of Source                     -         (1,000,000)
                                                 -----------    -----------
   NET CASH (USED) BY INVESTING ACTIVITIES          (73,797)    (1,029,710)

CASH FLOWS FROM FINANCING ACTIVITIES
  Proceeds from notes payable-majority stockholder     -           650,000
  Debt reduction:
     Notes payable - other                          (75,370)        (2,031)
     Notes payable - majority stockholder             -           (556,369)
  Issuance of common stock                            1,500          3,500
                                                 -----------     ----------
   NET CASH PROVIDED (USED) BY
    FINANCING ACTIVITIES                            (73,870)        95,100
                                                 -----------     ----------
NET INCREASE IN CASH AND
  CASH EQUIVALENTS                                   27,834        322,430

CASH AND CASH EQUIVALENTS,
  BEGINNING OF PERIOD                               544,455        709,740
                                                 ----------     ----------
CASH AND CASH EQUIVALENTS, END OF PERIOD         $  572,289     $1,032,170
                                                 ==========     ==========

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

</Table>
<Page>

                                     TELVUE CORPORATION
                               NOTES TO FINANCIAL STATEMENTS
                                     (UNAUDITED)

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

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

In the opinion of management, the accompanying unaudited financial
statements have been prepared in conformance with accounting principles
generally accepted in the United States of America and with the
regulations of the Securities and Exchange Commission and contain all
adjustments (consisting of only normal recurring adjustments) necessary
to make the financial statements not misleading and to present fairly the
financial condition as of September 30, 2002, the results of operations for
the three and nine months ended September 30, 2002 and 2001 and cash flows
for the nine months ended September 30, 2002 and 2001.

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, 2001, as filed with the Securities and Exchange Commission.

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

2.  GOODWILL:
    --------

In July 2001, the Financial Accounting Standards Board ("FASB") issued
Statement of Financial Accounting Standards No. 142, "Goodwill and
Other Intangible Assets" ("SFAS 142"). SFAS 142 requires goodwill to be
tested for impairment under certain circumstances, and written down when
impaired, rather than being amortized as previous standards required.
Furthermore, SFAS 142 requires purchased intangible assets other than
goodwill to be amortized over their useful lives unless these lives are
determined to be indefinite.

SFAS 142 is effective for fiscal years beginning after December 15, 2001.
In accordance with SFAS 142, the Company ceased amortizing goodwill
totaling $1,170,819 as of the January 1, 2002.

The Company is required to perform goodwill impairment tests on an annual
basis and between annual tests in certain circumstances. As of September
30, 2002, no impairment of goodwill has been recognized. There can be no
assurance that future goodwill impairment tests will not result in a
charge to earnings.

The 2001 results do not reflect the provision of SFAS 142.  Had the
Company adopted SFAS 142 on January 1, 2001, the net income and basic
and diluted net income per common share would have changed to the
adjusted amounts indicated below:


                                  Nine months ended September 30, 2001
                                  ------------------------------------
                                            Net Income     Net Income
                                             Per Basic     Per Diluted
                                   Net        Common         Common
                                 Income       Share           Share
                               ---------    ----------    -----------

As reported                    $ 616,329        $  .01        $  .00
Goodwill amortization             46,135           -              -
Income tax effect                (18,454)          -              -
                               ---------    ----------    ----------

Adjusted                       $ 644,010        $  .01        $  .00
                               =========    ==========    ==========

3.  NEW BUSINESS AND ACQUISITIONS:
    -----------------------------

On March 9, 2001, the Company acquired substantially all of the assets
of J.D. Kraengel and Associates, Inc. f/k/a Dacon Corporation d/b/a Source
Communications Group ("Source"), a Delaware corporation located in Mullica
Hill, New Jersey, for $1.3 million under the terms of an Asset Purchase
Agreement that was signed on February 14, 2001.  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 Company funded a
portion of the acquisition by borrowing $650,000 from its majority
shareholder, on March 5, 2001, at an interest rate of prime plus one
percent (1%) compounded monthly and due on January 1, 2004.  The Company
repaid the note to the majority stockholder in its entirety during 2001.
Jeffrey Kraengel, former president of Source, joined the Company in March
2001 as Executive Vice President with the responsibility of integrating
Source's operations into the Company, expanding existing business with
Current customers and suppliers, identifying and creating new business
opportunities, supervising research and development and training employees.

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

The following unaudited pro forma information for the nine months ended
September 30, 2001, is presented as if the acquisition of Source occurred
on January 1, 2001.  The 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 Source since January 1, 2001.

                                             Nine
                                         Months Ended
                                        September 30, 2001
                                        ------------------
Revenues                                   $ 5,281,400
Net income                                     620,178
Diluted EPS                                       $.01


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

Supplemental disclosures of cash paid during the period-

                                           2002            2001
                                           ----            ----
             Income taxes               $ 89,700        $  -
             Interest                   $443,320        $257,937

Non-cash Investing and Financing Transactions
---------------------------------------------
The Company accrued dividends on its redeemable convertible preferred
stock of $316,683 for each of the nine month periods ended September 30,
2002 and 2001.

In March 2001, the Company issued a promissory note, in the amount of
$300,000, payable to Dacon Corporation d/b/a Source Communications Group
in connection with the purchase of the assets of Source.

In March 2001, the Company purchased a van in the amount of $21,402. The
Company paid cash of $8,402 and financed the balance of $13,000.

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.  Therefore, convertible
prefered stock has been excuded from the computation for the nine months
ended September 30, 2002 because it has an antidilutive effect.

The following is a reconciliation from basic earnings per share to diluted
earnings per share for the nine months ended September 30, 2002 and 2001.
Incremental shares of 31,115,575 and 65,525,371 for the nine months ended
September 30, 2002 and 2001, respectively, were used in the calculation of
the diluted earnings per common share.


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

2002                                  $  136,543     24,778,712    $ .01
Effect of dilution
  Warrants                                  -        29,915,160
  Vested unexercised stock options          -         1,200,415
                                      -----------    ----------    -------
Diluted                               $  136,543     55,894,287    $ .00
                                      ===========    ==========    =======

2001                                  $  299,646     24,738,249    $ .01
Effect of dilution
  Warrants                                  -        29,915,160
  Convertible preferred stock            316,683     34,015,761
  Convertible accrued interest              -           955,701
  Vested unexercised stock options          -           638,749
                                      -----------    ----------    -------
Diluted                               $  616,329     90,263,620    $ .01
                                      ===========    ==========    =======

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

As of September 30, 2002, accrued dividends on outstanding preferred stock
amounted to $2,005,659.

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) consist of the following
components:

                                                  2002              2001
                                              -----------        ----------
Current
 Federal                                       $    -             $   -
 State                                           (31,000)          (53,000)
                                              -----------        ----------
                                                 (31,000)          (53,000)
Deferred
 Federal                                        (269,906)         (373,308)
 State                                               -                -
                                               ----------        ----------
                                                (269,906)         (373,308)
                                               ----------        ----------
                                               $(300,906)        $(426,308)
                                               ==========        ==========

The Company has a net operating loss carryforward of approximately $580,000
on a tax-reporting basis as of September 30, 2002.  The carryforward will begin
to expire in 2007, if not utilized.

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

Note Payable and Accrued Interest - Majority Stockholder
--------------------------------------------------------
On March 25, 2002, the Company obtained from the majority stockholder
an extension to January 1, 2004, of his prior agreement not to demand
repayment of his loans or the accrued interest on the loans.  The
Company has decided to voluntarily make, and the majority stockholder
has agreed to accept, monthly payments of $25,000, when, in the opinion
of management, the Company has such cash available that is not
needed to fund operations.  The Company makes current interest
payments from the monthly payment and the balance of the payment
is applied to either accrued interest or principal. The Company
may make monthly payments in excess of $25,000 when it has excess cash
that is not needed to fund operations.  The Company made total payments
of $400,000 during the nine months ended September 30, 2002.  The Company
has classified $216,000 of accrued interest as a current liability. As of
September 30, 2002, the Company had an outstanding non-interest bearing
note due to the majority stockholder in the principal amount of $541,000
and accrued interest on former outstanding notes in the aggregate
amount of $1,436,959 that bears interest at a rate of prime plus one
percent (1%).

Note Payable - Dacon Corporation d/b/a Source Communications Group
------------------------------------------------------------------
On March 9, 2001, the Company acquired the assets of 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 has a term of three years.  Interest only is
payable monthly during year one at the rate of 8% per annum. Beginning
in year two, both principal and interest are payable monthly at the rate of
5.06% per annum. As of September 30, 2002 the principal amount of the note
was $227,816.

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 is payable monthly
in the amount of $390, including principal and interest, has a term of three
years and bears interest at 5.0% per annum.  As of September 30, 2002, the
principal amount due on the loan was $6,746.

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.  As of September
30, 2002, outstanding accounts receivable from Adelphia of $328,557 are
due to the Company.  Adelphia has informed the Company that its outstanding
balances are considered high priority status since the Company provides
a service to their customers.  A majority of the post-bankruptcy invoices
billed to Adelphia have been paid in a timely manner.  However, $155,841 of
the outstanding balance was incurred before the bankruptcy filing date of
June 25, 2002, and therefore, will need to be approved by the bankruptcy court
for payment.  It is not known when the Company will receive payment for these
billings or if the billings will be paid in their entirety.  Management has
been unable to determine if the Company will incur a loss as a result of the
bankruptcy filing or what the range of loss could potentially be.

10. FINANCIAL DATA BUSINESS SEGMENT
   -------------------------------

The Company had conducted all of its operations as a marketing and service
company primarily selling automatic number identification ("ANI")
telecommunications services to the cable industry for the automated ordering
of pay-per-view features and events.  As discussed in Note 3, on March 9,
2001, the Company acquired the assets of Source, a communications
solutions provider and network integrator.  The following represents
information for the Company's ANI and Source business segments.

Nine months ended September 30, 2002       ANI        Source        Total
---------------------------------      ----------   ---------    ----------
Revenues                               $3,620,067  $1,665,499    $5,285,566
Operating income (loss)                 1,209,937    (381,442)      828,495
Interest expense                           78,900         378        79,278
Income (loss) before income taxes       1,134,272    (380,140)      754,132
Capital expenditures                       25,846      47,951        73,797


Nine months ended September 30, 2001       ANI        Source        Total
---------------------------------      ----------   ---------    ----------
Revenues                               $3,990,423    $983,070    $4,973,493
Operating income                        1,322,453    (132,342)    1,190,111
Interest expense                          169,543         306       169,849
Income before income taxes              1,175,214    (132,577)    1,042,637
Capital expenditures                      116,208   1,326,502     1,442,710


<PAGE>

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

     TelVue Corporation ("TelVue") operates two business segments.  One
segment is a marketing and service company that sells automatic number
identification ("ANI")telecommunications services to the cable television
industry for the automated ordering of pay-per-view features and events
(the "Service").  TelVue provides the Service through equipment it
purchases. TelVue's equipment for providing the Service nationwide is
located at the 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 MCIWorldcom. TelVue believes it receives a favorable
trunk usage rate from MCIWorldcom.

     TelVue's business segment that operates under the name, Source
Communications Group, was acquired on March 9, 2001 for $1.3 million
pursuant to TelVue's acquisition of the assets of J.D. Kraengel and
Associates, Inc. f/k/a Dacon Corporation d/b/a Source Communications
Group ("Source"), a Delaware corporation that was located in Mullica Hill,
NJ. The Source segment functions as a communications solution provider and
network integrator serving clients mainly in the Mid-Atlantic States.
Source represents a number of well-known equipment, software and
communications service suppliers. Source molds these resources into a
custom business solution for its clients and satisfies its customers'
individual voice, video and data communications needs. The Source
customer base is broad, representing such industries as healthcare,
entertainment, financial, education, government and utilities.  The
acquisition was part of a strategy to allow TelVue to grow and diversify
both its product lines and customer base beyond the cable TV industry.

     The Source segment sells computer related equipment, network
systems, software, and data communications equipment.  In addition
to the equipment sale, Source offers installation of equipment, service
contracts, and service repair to equipment not under service contract.
The ANI Service technical staff is being trained for various products and
technologies, and is being utilized to perform the service and installation.
Prior to the acquisition, Source sold only hardware and subcontracted
any labor needed for installation or service.  In addition to the revenue
streams noted above, beginning in the fourth quarter of 2001, Source
began reselling bandwidth to customers for internet access, for which
it charges a monthly access fee, and selling through agents, DSL,
ISDN and point to point data circuits to customers for which it receives
a one-time commission from the telephone carrier or agent.

     The ANI segment had income before income taxes of $568,116 and
$1,134,272 for the three and nine months ended September 30, 2002,
respectively,compared to $420,160 and $1,175,214 for the three and nine
months ended September 30, 2001, respectively.  ANI Service revenue decreased
$52,702 and $370,356 for the three and nine months ended September 30, 2002.
This decrease is primarily a result of a decrease in pay-per-view buy revenue
of $132,811 and $413,743, due to a reduction in the average monthly buy rate
from 7.1% to 4.7% for the three months ended September 30, 2001 and 2002,
respectively, and from 7.7% to 5.1% for the nine months ended September 30,
2001 and 2002, respectively.  PPV+ revenue decreased $91,977 and $169,895 for
the three and nine months ended September 30, 2002, respectively, also as a
result of the buy rate decrease.  TelVue believes that the decrease in the
buy rates is attributable to a somewhat weak movie product, a lack of major
special events such as boxing, an erosion in wrestling popularity, and the
movement of cable operators to impulse ordering on digital cable
systems (see below).  In addition, TelVue believes there exists 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 above decreases were somewhat offset by an
increase in feature revenue of $140,672 and $210,607 for the three and
nine months ended September 30, 2002, respectively, primarily as a result of
a feature price increase that went into effect on May 1, 2002.  The ANI
Service cost of revenues decreased $129,011 and $81,858 for the three
and nine months ended September 30, 2002, respectively, over the three and
nine months ended September 30, 2001.  This is partially due to a decrease
in data link expense of $60,017 and $97,122 for the three and nine months
ended September 30, 2002 as a result of customers consolidating their data
links and also as a result a reduction in data link fees under the new
MCIWorldcom contract that went into effect on June 1, 2002.  Trunk expense
decreased $59,076 for the three months ended September 30, 2002, as a result
of reduced trunk expense rates under the new MCIWorldcom contract.

     The Source segment had a loss before income taxes of $110,345 and
$380,140 for the three and nine months ended September 30, 2002, respectively.
Hardware sales and service revenue for the Source segment was $480,590
and $1,665,499 for the three and nine months ended September 30, 2002,
respectively, with corresponding hardware sales and service costs of $392,232
and $1,373,443 for the three and nine months ended September 30, 2002,
respectively, representing a gross profit percentage of 18% for both the three
and nine months ended September 30, 2002, respectively.  Source was acquired
on March 9, 2001, therefore, the comparative revenue and expenses for 2001
reflect the period from March 9, 2001 through September 30, 2001. The total
sales and service revenue is comprised of 86% hardware sales, 9% service
installation and repair revenue, 4% co-location and internet access revenue,
and 1% service contract revenue.  The corresponding direct expenses have
relatively the same percent distributions.  The majority of the revenue for
the three and nine months ended September 30, 2002 was from hardware sales
of $413,259 and $1,428,075, respectively.  Cost of goods sold for the hardware
was $340,910 and $1,187,706 for the three and nine months ended September 30,
2002, respectively, yielding a gross profit margin of 17% for each period.
Generally, Source executes two types of hardware sales; one is a commodity
sale, which is basic, off the shelf pc-type purchases with a lower markup,
and the second is a networking-type sale which involves planning and
configuration of the system to be implemented, which results in a greater
markup.  The gross profit at September 30, 2002, represents a blend of the
two types of sales with the larger number of sales being commodity.
TelVue believes the Source losses before income taxes for the three and nine
months ended September 30, 2002, can be partially attributed to the continued
information technology ("IT") recession, expressed by the decrease in capital
purchasing of IT equipment by businesses, which also lowered the average
margin on hardware sales for the Source segment. As of September 30, 2002,
Source had four full-time sales representatives and one independent sales
representative actively selling its products.  However, in addition to the
effect of the recession, during the nine months ended September 30, 2002,
Source had to replace four of its existing sales representatives with new
hires and has experienced the associated training and learning curve that comes
with new employees.

    Service and installation revenue was $51,126 and $157,840 for the three
and nine months ended September 30, 2002, respectively, which yielded a gross
profit margin of 22% and 26% for the three and nine months ended September
30, 2002, respectively.  This represents revenue related to service and
installation of the hardware sold to customers.  The ANI Service technical
staff was used to perform the majority of the service and installation and
the cost of their direct payroll has been included in the hardware sales
and service costs.

     Selling and marketing expenses increased $25,922 and $244,532 for
the three and nine months ended September 30, 2002, respectively.  These
increases are primarily a result of selling and marketing expenses related
to the Source segment.  The total selling and marketing expenses for Source
were $131,996 and $456,063 for the three and nine months ended September 30,
2002, respectively, compared to $80,111 and $151,997 for the three months ended
September 30, 2001 and the period March 9, 2001 through September 30, 2001,
respectively.  There was an increase in Source selling and marketing payroll of
$33,825 and $141,788 as a result of additional sales personnel. Source
commission expense increased $18,464 for the nine months ended September 30,
2002 over 2001. Source advertising expense increased $54,665 for the nine
months ended September 30, 2002 as a result of advertising in local business
journals and on the radio. General and administrative expenses decreased $8,972
and $5,838 for the three and nine months ended September 30, 2002, respectively.
The decreases are a result of a decrease in legal expense of $43,864 and a
decrease in accounting expense of $8,234 as a result of 2001 expenses related to
the Source acquisition.  No such expenses were incurred in 2002. These decreases
were partially offset by increases in payroll and payroll taxes and benefits as
well as nominal increases in various other expense categories.

     TelVue had net income before taxes of $457,762 and $754,132 for the
three and nine months ended September 30, 2002, respectively, compared to
$373,523 and $1,042,637 for the three and nine months ended September 30, 2001,
respectively.  TelVue recorded income tax expense of $300,906 and $426,308
for the nine months ended September 30, 2002 and 2001, respectively. Included
in the income tax expense for the nine months ended September 30, 2002 were
deferred income taxes of $269,906.  TelVue's federal net operating loss
carryforward was approximately $580,000 on a tax-reporting basis as of
September 30, 2002 (see Note 7 to TelVue's financial statements).

     During the nine months ended September 30, 2002, TelVue purchased $73,797
of equipment compared to $192,710 purchased during the nine months ended
September 30, 2001. The 2001 equipment purchases were larger than 2002 because
a van in the amount of $21,402 was purchased to be used by the Source segment
for service and installation jobs and $50,000 of equipment was acquired with
the purchase of Source.  Depreciation and amortization expense decreased
$83,959 for the nine months ended September 30, 2002.  Depreciation and
amortization accounted for 12% of total operating expenses for the nine
months ended September 30, 2002, compared to 19% for the nine months ended
September 30, 2001.

     As of September 30, 2002, TelVue was serving approximately 21.5 million
full-time cable subscribers and 1.3 million part-time cable subscribers,
compared to approximately 19.6 million full-time cable subscribers and 1.6
million part-time cable subscribers served as of September 30, 2001.  The
part-time subscribers did not significantly contribute to the revenue or
service expenses for the nine months ended September 30, 2002 and 2001.
During the nine months ended September 30, 2002 TelVue added approximately
3.0 million subscribers to its ANI Service and had approximately 1.9
million subscribers cancel the ANI service.  The cable operators cancelled
the ANI service primarily as a result of moving their subscribers onto
two-way digital service (see below).

     There was a decrease in total liabilities of $167,168 for the nine
months ended September 30, 2002.  This is a net result of increases and
decreases in various liability accounts with the largest being a
decrease in accrued interest majority stockholder of $356,933 as a
result of accrued interest payments.  Total assets decreased $29,122
for the nine months ended September 30, 2002, which is a net result of
increases and decreases in various asset accounts.  Accounts receivable
increased $335,877.  TelVue's days for sales in average accounts receivable
was 61 days at September 30, 2002, compared to 48 days at September 30, 2001.
TelVue does not offer incentives or discounts to its customers, nor has it
changed its credit terms with its customers.  The increase of 13 days over
2001 is partially due to past due outstanding accounts receivable of $155,841
from Adelphia Communications ("Adelphia") who filed for Chapter 11 bankruptcy
on June 25, 2002.  As of September 30, 2002, the total outstanding accounts
receivable due from Adelphia is $328,557.  Adelphia has informed the Company
that its outstanding balances are considered high priority status since the
Company provides a service to their customers.  The post-bankruptcy invoices
billed to Adelphia have been paid in a timely manner.  However, $155,841 of
the outstanding balance was incurred before the bankruptcy filing date of June
25, 2002, and therefore, will need to be approved by the bankruptcy court for
payment.  It is not known when the Company will receive payment for these
billings or if the billings will be paid in their entirety.  Management has
been unable to determine if the Company will incur a loss as a result of the
bankruptcy filing or what the range of loss could potentially be.

     TelVue had positive cash flow from operating activities of $175,501
for the nine months ended September 30, 2002, compared to positive cash flow of
$1,257,040 for the nine months ended September 30, 2001. Ignoring changes in
operating assets and liabilities that result from timing issues, and
considering only adjustments to reconcile net income to net cash
provided by operating activities, TelVue would have positive cash flow
from operating activities of $924,535 for the nine months ended September 30,
2002, compared to positive cash flow from operating activities of
$1,274,999 for the nine months ended September 30, 2001. The decrease in cash
flow is partially a result of the decrease in pay-per-view buy revenue
(see above) and as a result of the Source segment operating loss of
$381,442 (see above and Note 10 to TelVue's financial statements).
In addition, TelVue made payments to its majority stockholder of
$400,000 during the nine months ended September 30, 2002, of which $364,042
was applied against accrued interest and the balance was applied against
current month interest.

     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 borrowings from Mr. Lenfest. From
November 1989 to February 1996, TelVue borrowed an aggregate of
$6,128,712 from Mr. Lenfest.  In addition to these borrowings, during
January 1995, Mr. Lenfest purchased from Science Dynamics Corporation
TelVue's non-interest bearing note in the amount of $541,000. On
March 5, 2001, TelVue borrowed $650,000 from Mr. Lenfest to fund a
portion of the Source acquisition, at an interest rate of prime plus one
percent (1%) compounded and due on or before January 1, 2004
(see below).  This loan was repaid in its entirety in 2001. TelVue made
total payments to Mr. Lenfest of $400,000 during the nine months ended
September 30, 2002.  The aggregate outstanding loan balance due to Mr.
Lenfest as of September 30, 2002, is $541,000 in loan principal for the
non-interest bearing Science note and $1,436,959 in accrued interest
which bears interest at the floating prime interest rate plus 1%
(see Note 8 to TelVue's financial statements).

     TelVue remains dependent upon the deferral of a lump sum repayment
of principal and interest due to Mr. Lenfest to fund operations and
capital expenditures from operating cash flow. On March 25, 2002, TelVue
obtained from Mr. Lenfest a written agreement stating he will not demand
repayment of his loans or the cash payment of accrued interest on the
loans through January 1, 2004.  On January 1, 1999, TelVue began to pay
current monthly interest payments to Mr. Lenfest from its monthly loan
payment and applied the balance from the monthly payment to either
principal or accrued interest.  TelVue has decided to voluntarily make,
and Mr. Lenfest has agreed to accept, monthly payments of  $25,000.
TelVue may make monthly payments in excess of $25,000 when, in the
opinion of management, TelVue has excess cash that is not needed to
fund operations. The monthly payment amount may vary depending on the
availability of cash.  TelVue intends to continue to invest cash in the
Source segment during the remainder of 2002 in an effort to grow the
business.

     On March 9, 2001, TelVue acquired substantially all of the assets
of J.D. Kraengel and Associates, Inc. f/k/a Dacon Corporation d/b/a
Source Communications Group ("Source") for $1.3 million (see Note 3 and
Note 8 to TelVue's financial statements). The assets, which consisted
primarily of material contracts with equipment, software and
communication service providers, were purchased for $1,000,000 in cash
and $300,000 pursuant to a promissory note (the "Source Note"). The Source
Note has a term of three years.  Interest only is payable monthly during
year one at the rate of 8% per annum. Beginning in year two, both principal
and interest are payable monthly at the rate of 5.06% per annum.  During the
nine months ended September 30, 2002, TelVue made total payments of $85,015
on the Source Note.  The aggregate outstanding loan balance due on the
Source Note at September 30, 2002 is $227,816.  The acquisition of Source is
part of TelVue's long-term business strategy to expand and diversify its
operations.  TelVue is cross-training its technical personnel to work
within the Source business and has also hired sales representatives to
promote the Source products.

     TelVue's ability to fund its operating expenses primarily depends on
three factors: (i) retaining its current subscriber base level, (ii) the
growth in net income of the Source segment, (iii) the continued deferral by
Mr. Lenfest of a lump sum cash repayment of his loan and accrued interest
to TelVue. Management believes that its present marketing strategies will
further increase the ANI segment customer base, although there can be no
assurances that TelVue will be able to attract any further customers or
that it will retain its current customers.  During the nine months ended
September 30, 2002, TelVue added 3.0 million subscribers to its service
and had 1.9 million subscribers cancel service.  The cable operators cancelled
the ANI service primarily as a result of moving their subscribers onto two-way
digital service (see below).  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 7.1% to 4.7% for the three months ended
September 30, 2001 and 2002, respectively and from 7.7% to 5.1% for the nine
months ended September 30, 2001 and 2002, respectively.  The decrease in buy
rates is partially a result of the movement of cable operators to impulse
ordering on digital cable systems. Some cable operators have begun deploying
digital services to their customers.  These digital services will allow cable
operators to offer additional channels and to offer additional pay-per-view
channels.  Where the 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.  The long-term effect of the deployment
of digital two-way service on TelVue is not clear.  The deployment of
digital cable and the activation of two-way service require a significant
capital commitment from the cable operator.  In addition, TelVue has
found that some cable operators with digital service have chosen to use
TelVue's single number ordering technology for pay-per-view ordering.
TelVue believes that TelVue's patent for Internet pay-per-view technology
for pay-per-view order processing may be used by cable operators as an
additional method for the operator's customers to order pay-per-view
movies and events.  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.

    TelVue is actively trying to grow the Source segment business through
offering new product lines and services.  Prior to TelVue acquiring
Source on March 9, 2001, Source subcontracted all labor for installation
and repair service of the products it sold.  TelVue has trained and is
utilizing its existed ANI technical staff to perform these installation
and service repairs.  Generally the installation sales provide higher
gross profit margins than the hardware sales, and therefore the Source
segment is focusing on growing this line of business in an attempt to
provide a greater increase in net income.  Source also offers service
contracts on the equipment it sells.  Source has also expanded its
business lines by reselling bandwidth to customers for internet access,
for which it charges a monthly access fee, and selling through agents,
DSL, ISDN and point to point data circuits to customers for which it
receives a one-time commission from the telephone carrier or agent.
Source has been marketing its products and services and trying to create
customer awareness by advertising in local business journals and on the
radio and by exhibiting its service and installation products along
with various suppliers products at regional technical, education and
business exhibitions in the Southeast Pennsylvania and New Jersey areas.
Although Source has experienced growth in sales from $983,070 for the
period March 9, 2001 through September 30, 2001 to $1,665,499 for the
nine months ended September 30, 2002, there can be no assurance that sales
will continue to grow or remain at their current level or that sales will
grow to the point of making the Source segment profitable.  The current
recession related to the IT product economy, whereby businesses have
decreased their capital purchasing of IT equipment, has affected Source
by reducing its sales volume and also lowering its profit margins on
hardware sales.  It is unknown how long the IT recession will continue or
what its continued effect on the Source business will be.

ITEM 3.  Disclosure Controls and Procedures

(a)  Evaluation of Disclosure Controls and Procedures.  TelVue's Chief
Executive Officer and its Treasurer (Controller), after evaluating the
effectiveness of TelVue's disclosure controls and procedures (as defined
in the Securities Exchange Act of 1934 Rules 13a-14(c) and 15d-14(c) as
of a date within 90 days of the filing date of this quarterly report on
Form 10-QSB (the "Evaluation Date")), have concluded that as of the
Evaluation Date, 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.  There were no significant changes in
TelVue's internal controls or in other factors that could significantly
affect TelVue's disclosure controls and procedures subsequent to the
Evaluation Date, nor any significant deficiencies or material weaknesses
in such disclosure controls and procedures requiring corrective actions.
As a result, no corrective actions were taken.

PART II.  OTHER INFORMATION

ITEM 6.   Exhibits and Reports on Form 8-K.

(a)    Exhibits

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

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

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

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

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

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

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

4.3    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")).

4.4    Certificate of Designation of Class A Preferred Stock (incorporated
       by reference to the September 30, 1990 Form 10-Q).

4.5    Form of NQSO Option Agreement issued pursuant to the 1999 Stock
       Option Plan (incorporated by reference to the 1999 Form 10-KSB).

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 25, 2002, from H.F. Lenfest, waiving
       the repayment of loans and accrued interest until January 1,
       2004(incorporated by reference to the December 31, 2001 Form
       10-KSB).

10.12  Second Amendment to Office Lease Agreement Dated May 5, 1999,
       between TelVue and Bloom Associates(incorporated by reference
       to the 1999 Form 10-KSB).

10.13  Asset Purchase Agreement by and among TelVue Corporation, J.D.
       Kraengel and Associates, Inc. f/k/a Dacon Corporation d/b/a Source
       Communications Group and Jeffrey Kraengel, dated February 14,
       2001 (incorporated by reference to the March 26, 2001 Form 8-K).

11.    Statement re:  Computation of Per Share Earnings (see TelVue's
       September 30, 2002 Financial Statements included herein).

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

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

(b)    Reports on Form 8-K

       None


                             SIGNATURES

     Pursuant to the requirements 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:   11/12/02                    By: /s/Frank J. Carcione
                                        ---------------------
                                        Frank J. Carcione
                                        President(Chief Executive Officer)



Dated:   11/12/02                    By: /s/Irene A. DeZwaan
                                        ---------------------
                                       Irene A. DeZwaan
                                       Treasurer (Controller)
<PAGE>


                              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 quarterly 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 quarterly report;

3.  Based on my knowledge, the financial statements, and other financial
information included in this quarterly 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 quarterly report;

4.  The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

   (a) Designed such disclosure controls and procedures 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 quarterly report is being
   prepared;

   (b) Evaluated the effectiveness of the registrant's disclosure controls and
   procedures as of a date within 90 days prior to the filing date of this
   quarterly report (the "Evaluation Date"); and

   (c) Presented in this quarterly report our conclusions about the
   effectiveness of the disclosure controls and procedures based on our
   evaluation as of the Evaluation Date;

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

   (a) All significant deficiencies in the design or operation of internal
   controls which could adversely affect the registrant's ability to record,
   process, summarize and report financial data and have identified for the
   registrant's auditors any material weaknesses in internal controls; and

   (b) Any fraud, whether or not material, that involves management or other
   employees who have a significant role in the registrant's internal
   controls; and


6.  The registrant's other certifying officers and I have indicated in this
quarterly report whether or not there were significant change in internal
controls or in other factors that could significantly affect internal controls
subsequent to the date of our most recent evaluation, including any corrective
actions with regard to significant deficiencies and material weaknesses.


Date:  11/12/02
				       /s/Frank J. Carcione
                                       -----------------------------------
                                       Frank J. Carcione
 			               President (Chief Executive Officer)


                                CERTIFICATION

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 quarterly 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 quarterly
report;

3.  Based on my knowledge, the financial statements, and other financial
information included in this quarterly 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 quarterly report;

4.  The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

   (a) Designed such disclosure controls and procedures 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 quarterly report is being
   prepared;

   (b) Evaluated the effectiveness of the registrant's disclosure controls and
   procedures as of a date within 90 days prior to the filing date of this
   quarterly report (the "Evaluation Date"); and

   (c) Presented in this quarterly report our conclusions about the
   effectiveness of the disclosure controls and procedures based on our
   evaluation as of the Evaluation Date;

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

   (a) All significant deficiencies in the design or operation of internal
   controls which could adversely affect the registrant's ability to record,
   process, summarize and report financial data and have identified for the
   registrant's auditors any material weaknesses in internal controls; and

   (b) Any fraud, whether or not material, that involves management or other
   employees who have a significant role in the registrant's internal
   controls; and


6.  The registrant's other certifying officers and I have indicated in this
quarterly report whether or not there were significant change in internal
controls or in other factors that could significantly affect internal controls
subsequent to the date of our most recent evaluation, including any corrective
actions with regard to significant deficiencies and material weaknesses.


Date:  11/12/02
				   /s/Irene A. Dezwaan
                                   -----------------------------------
                                   Irene A. DeZwaan
                                   Treasurer (Controller)



                                  EXHIBIT INDEX



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

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


EXHIBIT 99.1

TELVUE CORPORATION


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


In connection with the Quarterly Report of TelVue Corporation (the "Company")
on Form 10-QSB for the period ending September 30, 2002 as filed with the
Securities and Exchange Commission on the date hereof (the "Report"), I,
Frank J. Carcione, President (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: 11/12/02                        /s/Frank J. Carcione
                                      ----------------------------------
                                      Frank  J. Carcione
                                      President (Chief Executive Officer)

EXHIBIT 99.2

TELVUE CORPORATION


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


In connection with the Quarterly Report of TelVue Corporation (the "Company")
on Form 10-QSB for the period ending September 30, 2002 as filed with the
Securities and Exchange Commission on the date hereof (the "Report"), I,
Irene A. DeZwaan, Treasurer (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: 11/12/02                        /s/Irene A. DeZwaan
                                      ---------------------------
                                      Irene A. DeZwaan
                                      Treasurer (Controller)