EXHIBIT INDEX APPEARS ON PAGE 23




                     U.S. SECURITIES AND EXCHANGE COMMISSION

                               Washington, DC  20549

                                    FORM 10-QSB

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

                 For the quarterly period ended June 30, 2005

                          Commission File Number: 0-17170

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


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

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

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

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

Number of shares of registrant's common stock outstanding as of July 11,
2005: 24,857,274 shares.

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


                         TELVUE CORPORATION

                                       INDEX

                                                                      PAGE
                                                                       NO.
                                                                      -----

PART I.   FINANCIAL INFORMATION

          Item 1.  Financial Statements

          Balance Sheets as of June 30, 2005
          (unaudited) and as of December 31, 2004

          Statements of Operations for the three
          months ended June 30, 2005 (unaudited)
          and June 30, 2004 (unaudited)

          Statements of Operations for the six
          months ended June 30, 2005 (unaudited)
          and June 30, 2004 (unaudited)

          Statements of Cash Flows for the six
          months ended June 30, 2005 (unaudited)
          and June 30, 2004 (unaudited)

          Notes to Financial Statements (unaudited)

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

          Item 3.  Controls and Procedures


PART II.  OTHER INFORMATION

          Item 4.  Submission of Matters to a Vote of Security Holders

          Item 5.  Other Information

          Item 6.  Exhibits


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

                                                 June 30,      December 31,
                                                   2005            2004
                                               -------------   -----------
<S>                                              <C>             <C>

ASSETS                                         (Unaudited)           *

CURRENT ASSETS
  Cash and cash equivalents                     $   550,458     $1,206,219
  Accounts receivable - trade, net of allowance
   of $81,579 at June 30, 2005 and
   $82,701 at December 31, 2004                     373,042        483,045
  Other current assets                               86,874         30,327
  Current assets from discontinued operations          -            48,572
                                                -----------     ----------
     TOTAL CURRENT ASSETS                         1,010,374      1,768,163

PROPERTY AND EQUIPMENT
  Machinery and equipment                         5,950,250      5,719,740
  Less accumulated depreciation                   5,472,656      5,405,245
                                                -----------     ----------
                                                    477,594        314,495

OTHER ASSETS                                          8,800          8,800

                                                 ----------     ----------
                                                 $1,496,768     $2,091,458
                                                 ==========     ==========

LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES
  Notes payable - current                        $     -        $  541,000
  Accounts payable - trade                           72,864        101,958
  Accrued expenses                                  153,921        267,007
  Accrued dividends payable                            -         2,955,708
  Deferred service revenue                           21,713           -
  Current liabilities from discontinued
    operations                                         -             8,948
                                                -----------     ----------
     TOTAL CURRENT LIABILITIES                      248,498      3,874,621

NOTES PAYABLE - MAJORITY STOCKHOLDER                541,000           -

REDEEMABLE CONVERTIBLE PREFERRED STOCK, $1 par
  value, 6,900,000 shares authorized,
  3,518,694 shares issued and outstanding
 (liquidation value of $6,474,402 at December
  31, 2004) (see Note 10 of the financial
  statements included herein)                          -         3,518,694

COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS' EQUITY (DEFICIT)
 Redeemable convertible preferred stock, $1 par
  value, 6,900,000 shares authorized, 3,518,694
  shares issued and outstanding (see Note 10 of
  the financial statements included herein)       3,518,694          -
 Common stock, $.01 par value, 100,000,000
  shares authorized, 24,857,274 shares issued
  and outstanding at June 30, 2005 and
  December 31, 2004, respectively                   248,573        248,573
 Additional paid-in capital                       1,588,953      1,588,953
 Accumulated deficit                             (4,648,950)    (7,139,383)
                                                 -----------    -----------
                                                    707,270     (5,301,857)
                                                 -----------    -----------
                                                 $1,496,768     $2,091,458
                                                 ===========    ===========
*  Derived from audited financial statements.

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


                                   TELVUE CORPORATION
                                STATEMENTS OF OPERATIONS
                                       (UNAUDITED)


                                                    Three Months Ended
                                                       June 30,
                                              ----------------------------
                                                    2005            2004
                                                    ----            ----

REVENUES
  ANI Services                                 $   546,574     $   939,145
  TVTN Services                                     46,107           3,000
                                               -----------     -----------
                                                   592,681         942,145
COST OF REVENUES
  ANI Services                                     230,863         361,004
  TVTN Services                                     85,173          14,291
                                               -----------     -----------
TOTAL COST OF REVENUES                             316,036         375,295
                                               -----------     -----------
GROSS MARGIN                                       276,645         566,850

OPERATING EXPENSES
  Selling and marketing                            243,348         142,595
  General and administrative                       249,459         188,710
  Depreciation & amortization                       37,688          35,708
                                               -----------     -----------
                                                   530,495         367,013
                                               -----------     -----------
OPERATING INCOME (LOSS)                           (253,850)        199,837

OTHER INCOME
  Interest income                                    2,528           1,064
                                                -----------     -----------
INCOME (LOSS) FROM CONTINUING OPERATIONS
  BEFORE INCOME TAXES                             (251,322)        200,901

INCOME TAX EXPENSE                                    -            (55,567)
                                                ------------     ----------

INCOME (LOSS) FROM CONTINUING OPERATIONS          (251,322)        145,334

DISCONTINUED OPERATIONS
  Loss from operations of discontinued
   component                                        (1,294)       (386,960)
  Provision for income tax benefit                     -           149,765
                                                ------------     ----------
                                                    (1,294)       (237,195)
                                                ------------     ----------
NET LOSS                                          (252,616)        (91,861)

DIVIDENDS ON REDEEMABLE
  CONVERTIBLE PREFERRED STOCK                         -           (105,561)
                                                -----------    ------------
NET LOSS AVAILABLE TO
  COMMON STOCKHOLDERS                           $ (252,616)    $  (197,422)
                                                ===========    ============
BASIC NET INCOME (LOSS) PER COMMON SHARE
  FROM CONTINUING OPERATIONS                         $(.01)           $.00
  FROM DISCONTINUED OPERATIONS                         .00            (.01)
                                                     ------           -----
    TOTAL                                            $(.01)          ($.01)
                                                     ======           =====
DILUTED NET INCOME (LOSS) PER COMMON SHARE
  FROM CONTINUING OPERATIONS                         $(.01)           $.00
  FROM DISCONTINUED OPERATIONS                         .00             .00
                                                     ------           -----
    TOTAL                                            $(.01)           $.00
                                                     ======           =====
WEIGHTED AVERAGE NUMBER OF COMMON
SHARES OUTSTANDING
   BASIC                                         24,857,274      24,850,571
                                                 ==========      ==========
   DILUTED                                       24,857,274      97,198,741
                                                 ==========      ==========

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


                                   TELVUE CORPORATION
                                STATEMENTS OF OPERATIONS
                                       (UNAUDITED)


                                                    Six Months Ended
                                                       June 30,
                                              ----------------------------
                                                    2005            2004
                                                   ----            ----
REVENUES
  ANI Services                                 $ 1,149,251     $ 1,930,888
  TVTN Services                                     61,107           6,000
                                               -----------     -----------
                                                 1,210,358       1,936,888
COST OF REVENUES
  ANI Services                                     498,869         738,515
  TVTN Services                                    157,091          26,683
                                               -----------     -----------
TOTAL COST OF REVENUES                             655,960         765,198
                                               -----------     -----------
GROSS MARGIN                                       554,398       1,171,690

OPERATING EXPENSES
  Selling and marketing                            473,238         249,315
  General and administrative                       479,668         413,640
  Depreciation & amortization                       70,383          72,084
                                               -----------     -----------
                                                 1,023,289         735,039
                                               -----------     -----------
OPERATING INCOME (LOSS)                           (468,891)        436,651

OTHER INCOME (EXPENSE)
  Interest income                                    5,339           1,730
  Interest expense                                     -              (331)
                                                -----------     -----------
TOTAL OTHER INCOME (EXPENSE)                         5,339           1,399
                                                -----------     -----------

INCOME (LOSS) FROM CONTINUING OPERATIONS
  BEFORE INCOME TAXES                             (463,552)        438,050

INCOME TAX EXPENSE                                    -           (159,420)
                                                ------------     ----------

INCOME (LOSS) FROM CONTINUING OPERATIONS          (463,552)        278,630

DISCONTINUED OPERATIONS
  Loss from operations of discontinued
   component                                        (1,723)       (424,335)
  Provision for income tax benefit                     -           164,640
                                                ------------     ----------
                                                    (1,723)       (259,695)
                                                ------------     ----------
NET INCOME (LOSS)                                 (465,275)         18,935

DIVIDENDS ON REDEEMABLE
  CONVERTIBLE PREFERRED STOCK                         -           (211,122)
                                                -----------    ------------
NET LOSS AVAILABLE TO
  COMMON STOCKHOLDERS                           $ (465,275)    $  (192,187)
                                                ===========    ============
BASIC NET INCOME (LOSS) PER COMMON SHARE
  FROM CONTINUING OPERATIONS                         $(.02)           $.00
  FROM DISCONTINUED OPERATIONS                         .00            (.01)
                                                     ------           -----
    TOTAL                                            $(.02)          ($.01)
                                                     ======           =====
DILUTED NET (LOSS) INCOME PER COMMON SHARE
  FROM CONTINUING OPERATIONS                         $(.02)             -
  FROM DISCONTINUED OPERATIONS                        (.00)             -
                                                      -----           -----
    TOTAL                                            $(.02)             -
                                                     ======           =====
WEIGHTED AVERAGE NUMBER OF COMMON
SHARES OUTSTANDING
   BASIC                                         24,857,274      24,848,922
                                                 ==========      ==========
   DILUTED                                       24,857,274      24,848,922
                                                 ==========      ==========

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


                                   TELVUE CORPORATION
                                STATEMENTS OF CASH FLOWS
                                    (UNAUDITED)


                                                       Six Months Ended
                                                          June 30,
                                                    ---------------------
                                                     2005            2004
                                                     ----            ----
CASH FLOWS FROM OPERATING ACTIVITIES
 Net income (loss)                              $  (465,275)     $  18,935
 Adjustments to reconcile net income (loss)
  to net cash provided (used) by operating
  activities:
   Depreciation & amortization                       70,383         94,803
   Deferred taxes                                       -           (5,220)
   Write off of covenant not to compete                 -            1,669
   Impairment of goodwill                               -          350,000
Changes in assets and liabilities:
  Decrease (increase) in -
   Accounts receivable - trade                      110,003       (122,283)
   Inventory                                            -          138,920
   Other current assets                             (56,547)       (30,061)
   Current assets from discontinued operations       48,572           -
  Increase (decrease) in -
   Accounts payable - trade                         (29,094)      (140,346)
   Accrued expenses                                (113,087)        77,969
   Deferred service revenue, net of expense          21,713         (4,301)
   Current liabilities from discontinued operations  (8,948)          -
                                                   ---------      --------
    NET CASH PROVIDED (USED) BY OPERATING
     ACTIVITIES                                    (422,280)       380,085
                                                   ---------      --------

CASH FLOWS FROM INVESTING ACTIVITIES
  Purchases of property and equipment              (233,481)       (71,670)

CASH FLOWS FROM FINANCING ACTIVITIES
  Debt reduction - Notes payable - other                -          (39,953)
  Issuance of common stock                              -              500
                                                   ---------       --------
                                                        -          (39,453)
                                                   ---------       --------
NET INCREASE (DECREASE) IN CASH AND
  CASH EQUIVALENTS                                  (655,761)       268,962

CASH AND CASH EQUIVALENTS,
  BEGINNING OF PERIOD                              1,206,219        842,601
                                                  ----------     ----------
CASH AND CASH EQUIVALENTS, END OF PERIOD          $  550,458     $1,111,563
                                                  ==========     ==========

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

</TABLE>
<Page>

                                     TELVUE CORPORATION
                               NOTES TO FINANCIAL STATEMENTS
                                     (UNAUDITED)

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

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

In the opinion of management, the accompanying unaudited financial
statements have been prepared in conformance with accounting principles
generally accepted in the United States of America and with the regulations
of the Securities and Exchange Commission and contain all adjustments
(consisting of only normal recurring adjustments) necessary to make the
financial statements not misleading and to present fairly the financial
condition as of June 30, 2005 and the results of operations for the three
and six months ended June 30, 2005 and 2004 and cash flows for the six months
ended June 30, 2005 and 2004.

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, 2004, as
filed with the Securities and Exchange Commission.

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

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

In the second quarter of 2004, the Company made a decision to discontinue
the business segment that operated under the name, Source Communications
Group ("Source").  Source functioned as a communications solution provider
and network integrator serving clients mainly in the Mid-Atlantic States.
This decision was made as a result of the ongoing losses produced by the
Source segment and the amount of time and resources required to run the
segment.  The Company has decided to use its time and resources to focus
on growing its TVTN business (see Part I, Item 2, of this report,
"Management's Discussion and Analysis or Plan of Operation").

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

The Balance Sheet detail of assets and liabilities from discontinued
operations at June 30, 2005 and December 31, 2004 is as follows:

                                   June 30,      December 31,
                                     2005            2004
                                 -------------   -----------
CURRENT ASSETS:
  Accounts receivable - trade     $    -          $  48,572
                                  =========       =========

CURRENT LIABILITIES:
  Accrued expenses                $     -         $   8,948
                                  =========       =========

The summarized results of discontinued operations for the six months ended
June 30, 2005 and 2004 are as follows:

                                              Six Months Ended June 30,
                                                 2005           2004
                                             -----------     -----------
Hardware sales and service                   $   (1,503)     $  906,543


Cost of hardware sales and service                1,260         753,040
Selling, administrative and depreciation
 expenses                                        (1,040)        227,970
Goodwill impairment charge                          -           350,000
Write off of covenant not to compete                -             1,669
                                              ----------      ----------
                                                    220       1,332,679
                                              ----------      ----------
OPERATING LOSS                                   (1,723)       (426,136)

Interest income net of expense                      -             1,801
                                              ----------      ----------
LOSS FROM OPERATIONS BEFORE INCOME TAXES      $  (1,723)      $(424,335)
                                              ==========      ==========

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

Effective January 1, 2002, the Company adopted SFAS No. 142, "Goodwill and
Other Intangible Assets", under which goodwill is no longer amortized but
instead is assessed for impairment at least annually.  In the second quarter
of 2004, management made a decision to discontinue the Source segment
operations due to the ongoing losses produced by the segment.  As a result
of this decision, the Company wrote off the remaining balance of the Source
goodwill on June 30, 2004, which amounted to $350,000.

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

Supplemental disclosures of cash paid during the period-

                                           2005            2004
                                           ----           ----
             Income taxes                $   -          $   -
             Interest                    $   -          $   331

Non-cash Investing and Financing Transactions
---------------------------------------------
The Company accrued dividends on its redeemable convertible preferred stock
held by Mr. H.F. Lenfest of $105,561 and $211,122 during the three and six
months ended June 30, 2004, respectively.  On June 16, 2005, Mr. Lenfest
agreed to relinquish his right to all accrued but unpaid dividends
attributable to the redeemable convertible Preferred Stock.  Therefore
$3,061,269 of accrued dividends, as reflected on the March 31, 2005 Balance
Sheet, was reversed and included in stockholders' equity as a decrease to
the Company's accumulated deficit.


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

Basic earnings per common share is computed by dividing net income, after
deduction of preferred stock dividends, by the weighted average number of
shares of outstanding common stock.  Diluted earnings per common share is
computed by dividing net income, after the deduction of preferred stock
dividends, when applicable, by the weighted average number of shares of
outstanding common stock adjusted to include incremental common shares that
would have been outstanding if potentially dilutive common shares had been
issued.  Common equivalent shares are excluded from the computation in
periods in which they have an antidilutive effect.  Because of the net loss
available to common stockholders for the six months ended June 30, 2005 and
2004, no potential common shares are included in the computation of a
diluted per share amount since such potential common shares would not have
a dilutive effect.

The following is reconciliation from basic earnings per share to diluted
earnings per share for the six months ended June 30, 2005 and 2004.


                                                      Average
                                                       Shares     Earnings
                                        Amount       Outstanding  Per Share
                                      ------------   -----------  --------
2005
Loss from continuing
 Operations                           $ (463,552)    24,857,274     $(.02)
                                      ==========     ==========    =======

2004
Income from continuing operations,
 less dividends on preferred stock    $   67,508     24,848,922     $ .00
                                      ==========     ==========    =======

6.	RELATED PARTY TRANSACTIONS:
	--------------------------
See Notes 4, 9 and 10, included herein, for information of related party
transactions between TelVue and its majority stockholder.

During the six months ended June 30, 2004, Neil Heller, a former Director of
TelVue who resigned on September 10, 2004, served as a consultant to TelVue
through The Heller Group to provide a business analysis for the TVTN (TelVue
Virtual Television Networks) product and service.  TelVue paid The Heller
Group $50,000 for its services which were completed in the first quarter of
2004.

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) benefit from continuing operations
for the six months ended June 30, 2005 and 2004 consist of the following
components:

                                                  2005               2004
                                              -----------        ----------
Current
 Federal                                       $    -             $   -
 State                                              -                 -
                                              -----------        ----------
                                                    -                 -
Deferred
 Federal                                         158,194           119,420
 State                                            43,619            40,000
                                               ----------        ----------
                                                 201,813           159,420
Valuation allowance increase                    (201,813)              -
                                               ----------        ----------
                                                     -             159,420
                                               ----------        ----------
                                               $     -           $ 159,420
                                               ==========        ==========

At June 30, 2005, TelVue recorded an increase in valuation allowance of
$201,813 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
$2,130,000 on a tax-reporting basis as of June 30, 2005.  The carryforward
will begin to expire in 2010, if not utilized.

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

Note Payable - Dacon Corporation d/b/a Source Communications Group
------------------------------------------------------------------

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

Note Payable - Ford Motor Credit Corp
-------------------------------------

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

9.	NOTES PAYABLE - MAJORITY STOCKHOLDER:
	------------------------------------

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

On June 16, 2005, the independent members of the Board of Directors of
the Company and Mr. H.F. (Gerry) 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; 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 - Majority Stockholder
-------------------------------------

On April 27, 2005, TelVue entered into a Line of Credit Note with Mr. Lenfest
(the "Note"). Under the terms of the Note, the Company may borrow, from time to
time, up to the maximum principal amount of the Note which is $3,800,000.  The
minimum advance under the Note is $100,000 and the interest rate of the Note is
equal to the prime rate plus one percent (1%).  The 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 Note may be declared immediately due and payable.  The line of credit
is unsecured and will expire six years from the date of the first advance under
the Note unless extended or renewed.  As of June 30, 2005, no borrowings have
been made under the line of credit.

10.	CAPITAL STOCK:
	-------------

Redeemable Convertible Preferred Stock
--------------------------------------

On June 16, 2005, Mr. Lenfest, the holder of all of the Company's
outstanding Class A Redeemable Convertible Preferred Stock (the "Preferred
Stock"), informed the Company of his intent to convert all of his 3,518,694
shares of Preferred Stock into the Company's common stock, $0.01 par value
(the "Common Stock").  Each share of Preferred Stock is convertible into
6.667 shares of Common Stock.  Prior to June 16, 2005, the $3,518,694
reflected on the Company's balance sheet as Preferred Stock had been
classified outside of stockholders' deficit because Mr. Lenfest, as the
majority stockholder, could designate all of the Company's directors and
therefore, could influence the Company's willingness to cause redemption
of the Preferred Stock.  As a result of Mr. Lenfest's decision to convert
all of his Preferred Stock to Common Stock, the Preferred Stock has been
classified as part of stockholders' equity at June 30, 2005.  The conversion
of the Preferred Stock to Common Stock occurred on August 2, 2005 (see Note
13 - Subsequent Event, included herein).  As a result of the conversion,
the Company is required to issue 23,459,133 shares of Common Stock to Mr.
Lenfest.  Mr. Lenfest's beneficial ownership interest in the Common Stock
of the Company, after the cancellation of the Common Stock Warrants
described below, is approximately 77 percent both on June 16, 2005, and
after the conversion on August 2, 2005.  The Preferred Stock will be
eliminated and included as 23,459,133 shares of Common Stock in the
stockholders' equity section of the balance sheet as of August 2, 2005.

The Preferred Stock has a par value of $1 per share and provides for a
cumulative 6 percent semiannual dividend.  The dividend was payable in cash
or additional shares of Preferred Stock at $1 per share, at the option of the
Company.  The Company has accrued dividends on the Preferred Stock since the
beginning of 1998, but no dividends have been paid.  On June 16, 2005, Mr.
Lenfest agreed to relinquish his right to all accrued but unpaid dividends
attributable to the Preferred Stock and the $3,061,269 reflected on the
March 31, 2005 Balance Sheet as accrued dividends was reversed and is
included in stockholders' equity at June 30, 2005, as a decrease to the
Company's accumulated deficit.

Common Stock Warrants
---------------------
On June 16, 2005, the independent members of the Board of Directors of
the Company and Mr. Lenfest agreed to terminate a Warrant Agreement
between Mr. Lenfest and the Company.  Pursuant to the Warrant Agreement, Mr.
Lenfest had the right to purchase up to 29,915,160 shares of the Company's
Common Stock for $.01 per share, the fair market value of the Common Stock
on the grant date.   The Warrant Agreement was entered into on March 15,
1991, in connection with a prior line of credit to the Company provided
by Mr. Lenfest.

11.	COMMITMENTS AND CONTINGENCIES:
	-----------------------------

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

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

12.	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 is a system for displaying a
fully automated TV station-like display on a cable system access channel
using computer based digital technology ("TVTN").

Summarized financial information by reporting segment as of and for each of
the six months ended June 30, 2005 and 2004, is as follows:

Six months ended June 30, 2005             ANI          TVTN         Total
------------------------------------   ----------  -----------   ----------
Revenues                               $1,149,251  $   61,107    $1,210,358
Operating income (loss)                   118,744    (587,635)     (468,891)
Income (loss) before income taxes         124,083    (587,635)     (463,552)
Capital expenditures                       14,904     218,577       233,481


Six months Ended June 30, 2004             ANI           TVTN        Total
------------------------------------   ----------   ----------   ----------
Revenues                               $1,930,888   $    6,000   $1,936,888
Operating income (loss)                   562,868     (126,217)     436,651
Interest expense                              331           -           331
Income (loss) before income taxes         564,267     (126,217)     438,050
Capital expenditures                        7,767       63,903       71,670

13.	SUBSEQUENT EVENT:
	----------------
On August 2, 2005, Mr. Lenfest converted 3,518,694 shares of his Preferred
Stock  into the Company's Common Stock.  Each share of Preferred Stock was
converted into 6.667 shares of Common Stock.  As a result of the conversion,
the Company  issued 23,459,133 shares of Common Stock to Mr. Lenfest.  Mr.
Lenfest owns approximately 77 percent of the Company's outstanding Common
Stock on a fully diluted basis measured as of August 2, 2005.

<PAGE>

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

OVERVIEW OF COMPANY:

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

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

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

     Source was acquired on March 9, 2001 for $1.3 million pursuant to
TelVue's acquisition of the assets of J.D. Kraengel and Associates, Inc.
f/k/a Dacon Corporation d/b/a Source Communications Group, a Delaware
corporation located in Mullica Hill, NJ.  The Source segment sold and
installed computer related equipment, network systems, software, and data
communications equipment.  In the second quarter of 2004, TelVue made a
decision to discontinue the Source segment operations.  The decision to
discontinue the Source segment was made as a result of the ongoing losses
produced by the segment and the amount of time and resources required to
run the segment.  TelVue made an effort to sell a portion of the Source
segment but was not successful.  As of December 31, 2004, all Source
operations ceased.  TelVue has redirected its time and resources to growing
the TVTN business, which it believes will be more profitable.

RESULTS OF OPERATIONS:

     The following discussion deals, at some length, with the decreases in
operating income for the three and six months ended June 30, 2005 compared
to the three and six months ended June 30, 2004, and the reasons for the
decreases. TelVue further discusses the continuing erosion in buy rates and
the significant loss of a large portion of its subscriber base for the ANI
Service caused mostly by cable operator's aggressive movement to digital
services which limits the number of analog pay-per-view channels available
for content and allows the cable operator's customers to order digital pay-
per-view or video on demand via the set top box.  TelVue also discusses the
marketing of its new TVTN Service and the discontinuance of the operations
of the Source segment.

     The ANI segment had operating income of $61,085 and $118,744 for the
three and six months ended June 30, 2005 compared to operating income of
$258,069 and $562,868 for the three and six months ended June 30, 2004. The
decrease in operating income was partially due to a decrease in ANI Service
revenue of $392,571 and $726,530 for the three and six months ended June 30,
2005, respectively, when compared to the same periods of 2004.  As expected,
pay-per-view buy revenue decreased $88,008 and $168,580 for the three and
six months ended June 30, 2005, respectively and feature and data link
revenue decreased $283,240 and $571,563 for the three and six months ended
June 30, 2005, respectively.  These decreases were partially due to Adelphia
Communications ("Adelphia") canceling TelVue's ANI Service on July 1, 2004,
because they began processing their ANI orders internally.  TelVue served
1.5 million Adelphia subscribers, and Adelphia contributed approximately
25% or $1.1 million annually, to TelVue's ANI Service revenue. The Adelphia
cancellation on July 1, 2004 accounts for a decrease of $251,156 and $532,833
in service revenue for the three and six months ended June 30, 2005,
respectively.  In addition to the Adelphia cancellation on July 1, 2004,
TelVue also experienced a reduction in the number of subscribers served
during the six months ended June 30, 2005 (as discussed below).  The decrease
in pay-per-view buy revenue was also due in part to a continuing reduction
in the average monthly buy rate from 4.0% to 2.8% for the three months ended
June 30, 2004 and 2005, respectively, and from 3.8% to 3.1% for the six
months ended June 30, 2004 and 2005, respectively.  TelVue believes there
is a loss of focus by cable operators on the pay-per-view product line,
primarily because of the amount of time cable operators are spending on
promoting new product lines such as digital service and high-speed Internet
access.

     As of June 30, 2005, TelVue was serving approximately 16.9 million
full-time cable subscribers compared to approximately 18.8 million full-
time cable subscribers served as of June 30, 2004.  During the six months
ended June 30, 2005, approximately 1.2 million subscribers cancelled the
ANI Service and only 1,500 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 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.  Included in the
16.9 million subscribers served by TelVue are 11.2 million Dish Network
subscribers.  Dish Network informed TelVue in 2003 that it will do its ANI
order processing internally and has been transitioning its subscribers onto
its internal network. In the fourth quarter of 2003, Dish Network
transitioned its adult product traffic onto their internal network.  Dish
Network initially planned to have its remaining sports/event and movie
traffic moved onto its internal network during 2004, however they have
continued to extend this time line and plan to have its remaining subscribers
moved onto their internal network sometime during 2005.  Dish Network intends
to continue to use TelVue for its monthly speech recording. Currently, Dish
Network contributes approximately 12% to TelVue's monthly ANI Service revenue.
When Dish Network has completed its transition period, the total number of
subscribers TelVue serves will be depleted by approximately 11.2 million,
and the annual service revenue will be reduced by a net amount in the range
of approximately $205,000 to $235,000.  As a result of the cable subscriber
cancellations noted above and the pending cancellation of Dish Network,
TelVue expects to continue to experience a decrease in revenue and net
income for its ANI segment.

     ANI cost of revenues decreased $130,141 and $239,646 for the three and
six months ended June 30, 2005, respectively, when compared to the same
periods of 2004.  This decrease was partially due to a reduction in trunk
and data link expenses of $79,568 and $163,952 for the three and six months
ended June 30, 2005, respectively, as a result of serving fewer subscribers
and a reduction in technical payroll and payroll taxes and benefits of
$46,296 and $64,464 for the three and the six months ended June 30, 2005,
respectively, as a result of fewer ANI technicians being employed by TelVue
during the three and six months ended June 30, 2005, when compared to the
same periods of 2004. Selling expenses related to the ANI Service decreased
$72,705 and $130,111 for the three and six months ended June 30, 2005,
respectively, mainly as a result of moving marketing and sales personnel to
the TVTN segment as well as allocating the newly appointed President and CEO's
payroll and expenses to general and administrative expenses.  General and
administrative expenses increased $28,174 and $69,129 for the three and six
months ended June 30, 2005, respectively, predominantly as a result of the
reallocation of selling and marketing payroll.

     The TVTN segment had an operating loss of $314,935 and $587,635 for the
three and six months ended June 30, 2005, respectively, compared to an
operating loss of $58,232 and $126,217 for the three and six months ended
June 30, 2004, respectively. TVTN Service revenue was $46,107 and $61,107
for the three and six months ended June 30, 2005, respectively, compared to
$3,000 and $6,000 for the three and six months ended June 30, 2004,
respectively.  Cost of revenues for the TVTN Service increased $70,882 and
$130,408 for the three and six months ended June 30, 2005, respectively,
compared to the same periods of 2004, mainly as a result of payroll for
additional production and design personnel.  Selling expenses related to
the TVTN Service increased $179,025 and $351,053 for the three and six months
ended June 30, 2005, respectively, when compared to the same periods of 2004.
The increase is predominately a result of additional sales personnel hired
to aggressively market and sell the TVTN Service as well as travel expenses
related to sales.  As with many start-up ventures, management anticipates
that expenses will continue to grow as the operations and marketing efforts
increase.  To help speed TVTN penetration, shorten the sale cycle, and assist
clients in finding funding for the TVTN Service, TelVue began offering in
January 2005 a sponsorship program that finds 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. TelVue believes that many towns will adopt
this method of funding TVTN charges.  As of June 30, 2005, TVTN was serving
fourteen customers and had twenty seven closed sales in production.  Twenty
of the closed sales in production are from clients under the new sponsorship
model.  TelVue is marketing the TVTN Service nationally with a primary focus
in New Jersey, Pennsylvania and Delaware.  One closed sale in production is
in California and another is in Virginia, with the remainder in the New
Jersey, Pennsylvania and Delaware areas.  TVTN general and administrative
expenses decreased $1,124 for the six months ended June 30, 2005.  Included
in the TVTN expenses for the six months ended June 30, 2004, was a consulting
fee of $50,000 paid to The Heller Group, a firm who was engaged to develop a
business strategy for the TVTN product and service (see Note 6 of TelVue's
accompanying financial statements).  No such expense was incurred during the
six months ended June 30, 2005.

     There was a loss from discontinued operations before income tax benefit
from the Source segment of $1,723 and $424,335 for the six months ended June
30, 2005 and 2004, respectively.  Included in the net loss for the six months
ended June 30, 2004, was a goodwill impairment charge of $350,000 (see Note
3 to TelVue's accompanying financial statements).  There was a provision for
income tax benefit related to the Source discontinued segment of $0 and
$164,640 for the six months ended June 30, 2005 and 2004, respectively.

     TelVue had a net loss of $465,275 for the six months ended June 30,
2005 compared to net income of $18,935 for the six months ended June 30,
2004.  TelVue recorded an income tax benefit before valuation allowance
increase of $201,813 for the six months ended June 30, 2005 and income tax
expense of $159,420 for the six months ended June 30, 2004.  At December 31,
2004, TelVue recorded a valuation allowance of $660,531 to reduce its
deferred tax asset to zero.  TelVue has also recorded a valuation allowance
of $201,813 for the six months ended June 30, 2005.  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
$2,130,000 on a tax-reporting basis as of June 30, 2005 (see Note 7 of
TelVue's accompanying financial statements).

     During the six months ended June 30, 2005, TelVue purchased $233,481 of
equipment compared to $71,670 purchased during the six months ended June 30,
2004.  The majority of the equipment purchased during the six months ended
June 30, 2005 and 2004, was for custom programming and equipment related to
the TVTN Service.  Depreciation and amortization expense decreased $1,701
for the six months ended June 30, 2005, as a result of assets being fully
depreciated. Depreciation and amortization accounted for 7% and 10% of total
operating expenses for the six months ended June 30, 2005 and 2004,
respectively.

      TelVue's days for sales in average accounts receivable was 64 days
at June 30, 2005, compared to 57 days at June 30, 2004.  TelVue does not
offer incentives or discounts to its customers, nor has it changed its
credit terms with its customers.  TelVue maintained a bad debt reserve in
the amount of $81,579 as of June 30, 2005.  The majority of the reserve,
$78,605, represents 50% of the outstanding balance due from Adelphia as a
result of the bankruptcy filing date on June 25, 2002 (see Note 11 of
TelVue's accompanying financial statements).  It is unknown when TelVue
will receive payment on these invoices or what portion of the invoices
will be paid.  TelVue had negative cash flow from operating activities of
$422,280 for the six months ended June 30, 2005, compared to positive cash
flow of $380,085 for the six months ended June 30, 2004.  The decrease in
cash flow over 2004 was primarily due to a reduction in ANI Service revenue
and an increase in TVTN 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. From November 1989 to February
1996, TelVue borrowed an aggregate of $6,128,712 from Mr. Lenfest. These
loans and accrued interest were repaid in their entirety during 2003.  On
March 5, 2001, TelVue borrowed $650,000 from Mr. Lenfest to fund a portion
of the Source acquisition, at an interest rate of prime plus one percent
(1%) compounded and due on or before January 1, 2004.  This loan was repaid
in its entirety in 2001.

    In addition to the borrowings noted above, 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 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 independent
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(see TelVue's Form 8-K dated June 16,
2005 filed with the SEC).

     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, $0.01 par value (the "Common
Stock").  Each share of Preferred Stock is convertible into 6.667 shares of
Common Stock.  Prior to June 16, 2005, the $3,518,694 reflected on TelVue's
balance sheet as Preferred Stock had been classified outside of stockholders'
deficit because Mr. Lenfest, as the majority stockholder, could designate all
of TelVue's directors and therefore, could influence TelVue's willingness to
cause redemption of the Preferred Stock.  As a result of Mr. Lenfest's
decision to convert all of his Preferred Stock to Common Stock, the Preferred
Stock has been classified as part of stockholders' equity at June 30, 2005.
The conversion of the Preferred Stock to Common Stock occurred on August 2,
2005 (see Note 13 to the accompanying financial statements).  As a result of
the conversion, TelVue is required to issue 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 Common Stock Warrants
described below, is approximately 77 percent both on June 16, 2005, and after
the conversion on August 2, 2005.  The Preferred Stock will be eliminated and
included as 23,459,133 shares of Common Stock in the stockholders' equity
section of the balance sheet as of August 2, 2005 (see TelVue's Form 8-K
dated June 16, 2005 filed with the SEC).

	The Preferred Stock has a par value of $1 per share and provides for a
cumulative 6 percent semiannual dividend.  The dividend was payable in cash or
additional shares of Preferred Stock at $1 per share, at the option of the
Company.  TelVue has accrued dividends on the Preferred Stock since the
beginning of 1998, but no dividends have been paid.  On June 16, 2005, Mr.
Lenfest agreed to relinquish his right to all accrued but unpaid dividends
attributable to the Preferred Stock and the $3,061,269 reflected on the
March 31, 2005 Balance Sheet as accrued dividends was reversed and is included
in stockholders' equity as a decrease to TelVue's accumulated deficit at June
30, 2005(see TelVue's Form 8-K dated June 16, 2005 filed with the SEC).

	On June 16, 2005, the independent members of the Board of Directors of
TelVue and Mr. H.F. Lenfest agreed to terminate a Warrant Agreement
between Mr. Lenfest and TelVue.  Pursuant to the Warrant Agreement, Mr.
Lenfest had the right to purchase up to 29,915,160 shares of TelVue's
Common Stock for $.01 per share, the fair market value of the Common Stock on
the grant date.   The Warrant Agreement was entered into on March 15, 1991, in
connection with a prior line of credit to TelVue provided by Mr. Lenfest (see
TelVue's Form 8-K dated June 16, 2005 filed with the SEC).

     On April 27, 2005, TelVue entered into a Line of Credit Note (the "Note")
with Mr. Lenfest.  The Note was secured to provide funding to grow the TVTN
Service.  Under the terms of the Note, TelVue may borrow, from time to time,
up to the maximum principal amount of the Note which is $3,800,000.  The
minimum advance under the Note is $100,000 and the interest rate of the Note
is equal to the prime rate plus one percent (1%).  The 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 Note may be declared immediately due and payable.  The
Note is unsecured and will expire six years from the date of the first
advance under the Note unless extended or renewed (see TelVue's Form 8-K
dated April 27, 2005 filed with the SEC).

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

       TelVue's ability to 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 immediate future.  In order to continue to
fund a majority of its ANI operating expenses, TelVue needs to retain a
reasonable subscriber base level.  Management believes that over time,
continued erosion will occur in the subscriber base.  As discussed above,
during the six months ended June 30, 2005, TelVue added 1,500 subscribers
to its service but had 1.2 million subscribers cancel service. The cable
operators cancelled the ANI Service primarily as a result of moving their
subscribers onto two-way digital service.  Furthermore, Dish Network has
informed TelVue that they intend to begin ANI order processing internally
by transitioning their subscribers onto their internal network in 2005.

       TelVue anticipates fully utilizing its current cash balance during
2005 mainly as a result of funding the TVTN Service.  TelVue has therefore
secured financing from Mr. Lenfest in the form of the Note described above.
The Note will help to fund the growth of the TVTN Service as well as fund
the ANI Service in the event it becomes cash flow negative.  While
maintaining the ANI pay-per-view ordering business, TelVue intends to
aggressively market and sell the new TVTN Service to government officials
and the cable industry.  However, there can be no assurance that its
marketing efforts will be successful.

ITEM 3.  CONTROLS AND PROCEDURES

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

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

PART II.  OTHER INFORMATION

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

     TelVue's annual meeting of stockholders was held on June 16, 2005.
The following five directors were elected:

                           Vote For     Votes Withheld     Votes Abstained
                          -----------   --------------     ---------------
1. H.F. Lenfest           127,784,493        73,720                 0
2. Joseph Murphy          127,784,493        73,720                 0
3. Frank Carcione         127,784,493        73,720                 0
4. Joy Tartar             127,784,493        73,720                 0
5. Robert Lawrence        127,784,493        73,720                 0

ITEM 5.  OTHER INFORMATION

       On April 27, 2005, TelVue entered into a Line of Credit Note (the
"Note") with its majority stockholder, H.F. (Gerry) Lenfest.  Under the
terms of the Note, TelVue may borrow, from time to time, up to the maximum
principal amount of the Note which is $3,800,000.  The minimum advance under
the Note is $100,000 and the interest rate of the Note is equal to the prime
rate plus one percent (1%).  The 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 Note may be declared
immediately due and payable.  The line of credit is unsecured and will expire
six years from the date of the first advance under the Note unless extended
or renewed.

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

       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, $0.01 par
value (the "Common Stock").  Each share of Preferred Stock is convertible
into 6.667 shares of Common Stock.  Prior to June 16, 2005, the
$3,518,694 reflected on TelVue's balance sheet as Preferred Stock had been
classified outside of stockholders' deficit because Mr. Lenfest, as the
majority stockholder, could designate all of TelVue's directors and
therefore, could influence TelVue's willingness to cause redemption of
the Preferred Stock.  As a result of Mr. Lenfest's decision to convert all
of his Preferred Stock to Common Stock, the Preferred Stock has been
classified as part of stockholders' equity at June 30, 2005.  The conversion
of the Preferred Stock to Common Stock occurred on August 2, 2005.
As a result of the conversion, TelVue is required to issue 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 Common Stock
Warrants described below, is approximately 77 percent both on June 16,
2005, and after the conversion on August 2, 2005.  The Preferred Stock
will be eliminated and included as 23,459,133 shares of Common Stock in
the stockholders' equity section of the balance sheet as of August 2, 2005.

	The Preferred Stock has a par value of $1 per share and provides for a
cumulative 6 percent semiannual dividend.  The dividend was payable in cash
or additional shares of Preferred Stock at $1 per share, at the option TelVue.
TelVue has accrued dividends on the Preferred Stock since the beginning of
1998, but no dividends have been paid.  On June 16, 2005, Mr. Lenfest agreed
to relinquish his right to all accrued but unpaid dividends attributable to
the Preferred Stock and the $3,061,269 reflected on the March 31, 2005
Balance Sheet as accrued dividends will be reversed and included in
stockholders' equity as a decrease to TelVue's accumulated deficit.

	On June 16, 2005, the independent members of the Board of Directors
of TelVue and Mr. Lenfest agreed to terminate a Warrant Agreement
between Mr. Lenfest and TelVue.  Pursuant to the Warrant Agreement, Mr.
Lenfest had the right to purchase up to 29,915,160 shares of TelVue's
Common Stock for $.01 per share, the fair market value of the Common Stock
on the grant date.   The Warrant Agreement was entered into on March 15,
1991, in connection with a prior line of credit to TelVue provided by
Mr. Lenfest.

ITEM 6.  EXHIBITS

       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 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")).

3.4    Certificate of Amendment of Certificate of Incorporation of TelVue,
       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 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)).

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

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

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

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

4.5    Warrant Termination Agreement, dated June 16, 2005, by and between
       TelVue and H.F. (Gerry) Lenfest (included herein).

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 (included herein).

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   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).

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

10.7   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).

10.8   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")).

10.9   Summary of Director Compensation (incorporated by reference to the
       2004 Form 10-KSB).

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

10.11  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).

	 a. Amended and Restated Promissory Note, in the principal amount of
          $541,000, dated June 16, 2005, between H.F. (Gerry) Lenfest and
          TelVue (included herein).

11.    Statement re:  Computation of Per Share Earnings (see TelVue's
       June 30, 2005 Financial Statements included herein).

17     Director Resignation Letter from Neil Heller (incorporated by reference
       to the 2004 Form 10-KSB).

23.    Consent of Pressman Ciocca Smith LLP, Independent Registered Public
       Accounting Firm (incorporated by reference to the 2004 Form 10-KSB).

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

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

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

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


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:  08/04/05				By:	/s/Joseph M. Murphy
							----------------------------
							Joseph M. Murphy
							President (Chief Executive Officer)


DATED:  08/04/05				By:	/s/Irene A. DeZwaan
							----------------------------
							Irene A. DeZwaan
							Treasurer (Controller)



                                  EXHIBIT INDEX

4.5    Warrant Termination Agreement, dated June 16, 2005, by and between
       TelVue and H.F. (Gerry) Lenfest.

4.6    Waiver by H.F.(Gerry) Lenfest, waiving the right to receive past,
       present or future dividends with respect to TelVue's Class A
       Redeemable Convertible Preferred Stock.

10.10  Summary of Executive Compensation, as amended.

10.12  Amended and Restated Promissory Note, in the principal amount of
       $541,000, dated June 16, 2005, between H.F. (Gerry) Lenfest and
       TelVue.

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 4.5

                      WARRANT TERMINATION AGREEMENT

	This Warrant Termination Agreement (the "Agreement") is hereby entered
into this 16th day of June 2005, by and between H.F. ("Gerry") Lenfest, an
individual, and TelVue Corporation, a Delaware corporation, located at 16000
Horizon Way, Suite 500, Mt. Laurel, New Jersey 08054, (collectively, the
"Parties").

                                RECITALS

	WHEREAS, Gerry Lenfest and TelVue Corporation are parties to that
certain Warrant Agreement, dated as of March 15, 1991 (the "Warrant
Agreement"); and

	WHEREAS, the Parties seek to terminate the Warrant Agreement;

	NOW THEREFORE, intending to be legally bound, the Parties hereto agree
as follows:

                              AGREEMENT
1.    Termination.

	The Parties agree and acknowledge that, upon execution and delivery of
this Agreement, the Warrant Agreement is hereby terminated in its entirety
and shall be of no further force or effect and neither of the Parties, or
their successors, assigns, or heirs, as applicable, shall have any rights
or obligations under the Warrant Agreement.

2.    Miscellaneous.

      a.  Governing Law.  This Agreement shall be governed by the internal
          laws of the State of New Jersey without giving effect to it
          principles of conflicts of law.

      b.  Counterparts.  This Agreement may be executed in counterparts, all
          of which together shall constitute one and the same instrument.

      c.  Entire Agreement.  This Agreement shall constitute the full and
          entire understanding and agreement between the Parties with respect
          to the subject matter hereof.

                         [Execution Page Follows]

	IN WITNESS WHEREOF, the parties hereto have caused this Agreement to
be duly executed as of the date first written above.


TELVUE CORPORATION



By:	/s/Joseph Murphy
	------------------------------------
	Joseph Murphy,
	President and Chief Executive Officer


	/s/H F Lenfest
	------------------------------------
	H.F. Lenfest


EXHIBIT 4.6

WAIVER

	By the signature below, the undersigned, for himself, his heirs and
assigns, as applicable, hereby waives, relinquishes, releases, and forever
disclaims any past, present or future right to receive dividends he may have
had, currently has or may have under the Certificate of Designation of Class
A Preferred Stock of TelVue Corporation filed on April 16, 1990 by TelVue
Corporation or otherwise, with respect to the issuance of Class A Cumulative,
Convertible, Redeemable, Payment in-Kind, Non-Voting Preferred Stock.


Date:  June 16, 2005					/s/H F Lenfest
							------------------------
							H.F. Lenfest

EXHIBIT 10.10

                   SUMMARY OF EXECUTIVE COMPENSATION

Joseph M. Murphy, President and Chief Executive Officer is employed on an
at-will basis.  Effective June 23, 2005, Mr. Murphy's salary increased to
$185,000 annually.  Mr. Murphy receives an annual car allowance of $5,400.
Mr. Murphy also receives, as do all other TelVue employees, health, dental,
disability and life insurance benefits as well as a contribution of 2.5% of
his annual salary to TelVue's Salary Reduction Simplified Employee Pension
Plan.  Mr. Murphy, like all other TelVue employees, is eligible to receive
stock option grants under the TelVue Stock Option Plan.

Randy Gilson, Vice President of Technical Services is employed on an
at-will basis and is paid an annual salary of $114,387 and an annual car
allowance of $4,800.  Mr. Gilson also receives, as do all other TelVue
employees, health, dental, disability and life insurance benefits as well as
a contribution of 2.5% of his annual salary to TelVue's Salary Reduction
Simplified Employee Pension Plan.  Mr. Gilson, like all other TelVue
employees, is eligible to receive stock option grants under the TelVue Stock
Option Plan.

In addition to his retirement package included (incorporated by reference to
the December 31, 2004 Form 10-KSB), Frank J. Carcione, former President and
Chief Executive Officer, and current member of the Board of Directors,
receives an annual car allowance of $3,900.  Mr. Carcione, like all other
TelVue employees, is eligible to receive stock option grants under the TelVue
Stock Option Plan.

EXHIBIT 10.12

			AMENDED AND RESTATED PROMISSORY NOTE

$541,000.00						Date:  June 16, 2005

							Place:  Mt. Laurel, NJ


FOR VALUE RECEIVED, TelVue Corporation, a Delaware corporation, ("Maker"),
intending to be legally bound hereby, promises to pay to the order of H.F.
(Gerry) Lenfest, an individual, ("Holder") at such place as Holder may
designate from time to time in writing, the principal sum of Five Hundred
Forty-One Thousand Dollars ($541,000.00), in lawful money of the United
States, without interest, payable on January 1, 2011, under this Admended
and Restated Promissory Note ("Note") as provided below until repaid in
full.

	1.    Purpose of Note.  This Note amends and restates that certain
promissory note, Amended Subordinated Promissory Note (the "Prior
Note"), in the original principal amount of $541,000.00, dated
November 15, 1994, between Maker and Science Dynamic Corporation.
This Note evidences the assumption of the Prior Note by Holder
effective January 26, 1995.  Holder hereby relinquishes all rights and
title to the Prior Note which shall be hereby null and voice as of the
date hereof.

	2.    Maturity Date.  All outstanding principal due hereunder shall
be repaid under the terms herein until January 1, 2001 (the "Maturity Date").

	3.    Prepayment.  This Note may be prepaid, in whole or in part, at
any time prior to the Maturity Date without premium or penalty.

	4.    Events of Default.  Each of the following shall constitute an
"Event of Default" hereunder:

		(a)  Maker fails to make any payment of principal under this
Note, and such failure continues uncured thirty (30) days after written
notice of nonpayment to Maker;

		(b)  Maker (i) applies for or consents to the appointment of a
receiver, trustee or liquidator of itself or any of its property, (ii) admits
in writing its inability to pay debts as they mature, (iii) makes a general
assignment for the benefit of creditors, (iv) is adjudicated bankrupt or
insolvent, (v) files a voluntary petition in bankruptcy or a petition or an
answer seeking reorganization or an arrangement with creditors or to take
advantage of any bankruptcy, reorganization, insolvency, readjustment of debt,
dissolution or liquidation law or statute, or an answer admitting the material
allegations of a petition filed against it in any proceeding under any such
law, or (vi) takes any action for the purpose of effecting any of the foregoing;

		(c)  Any order, judgment or decree is entered by any court of
competent jurisdiction (i) approving a petition seeking reorganization of Maker
or all or a substantial part of the assets of Maker, or (ii) appointing a
receiver, sequester, trustee or liquidator of Maker or any of its property, and
such order, judgment or decree continues unstayed and in effect for a period of
sixty (60) days or more.

	5.	Remedies Upon Default.  Upon the occurrence of any Event of
Default the entire unpaid principal balance hereunder thereon shall, at the
option of Holder, become due and payable immediately without presentment,
demand, notice of nonpayment, protest, notice of protest or other notice of
dishonor, all of which are hereby expressly waived by Maker.

	6.    Remedies Cumulative.  No right or remedy conferred upon or
reserved to Holder under this Note, or now or hereafter existing at law or
in equity or by statute or other legislative enactment, is intended to be
exclusive of any other right or remedy, and each and every such right or
remedy shall be cumulative and concurrent, and shall be in addition to
every other such right or remedy, and may be pursued singly, concurrently,
successively or otherwise, at the sole discretion of Holder, and shall
not be exhausted by any one exercise thereof but may be exercised as often
as occasion therefore shall occur.

	7.	Miscellaneous

		(a)  Assignment.  Maker shall not assign Note without the prior
written consent of the Holder, and any attempted assignment in violation of this
Section shall be null and void.  Subject to the foregoing, this Note inures to
the benefit of Holder, his heirs, administrators, executors and permitted
assigns and binds Maker, its successors and permitted assigns.

		(b)  Governing Law.  This Note shall be governed by the internal
laws of the State of New Jersey without giving effect to it principles of
conflicts of law.

		(c)  Notices.  All notices and other communications required or
permitted to be given under or in connection with this Note shall be in writing
and shall be deemed given if delivered personally or by facsimile transmission
(receipt verified), express courier service (signature required), or mailed by
registered or certified mail (return receipt requested), postage prepaid, to
the parties at the following addresses (or at such other address for a party as
shall be specified by like notice; provided that notices of a change of address
shall be only upon receipt thereof):

		If to Holder:

				H.F. (Gerry) Lenfest
				5 Tower Bridge, Suite 460
				300 Barr Harbor Drive
				West Conshohocken, PA 19428
				Facsimile: 610-940-0602

		If to Maker:

				TelVue Corporation
				16000 Horizon Way, Suite 500
				Mt. Laurel, NJ 08054
				Attention:  President, CEO
				Facsimile:  856-866-7411

            (d)   Severability.  Any provision of this Note which is prohibited
or unenforceable in any jurisdiction shall, as to such provision and such
jurisdiction, be ineffective to the extent of such prohibition or
unenforceability without invalidating the remaining provisions of this Note or
affecting the validity or enforceability of such provision in any other
jurisdiction.

            (e)   Waivers, Amendments, etc.  The provisions of this Note may
from time to time be amended, modified or waived, only if such amendment,
modification or waiver is in writing signed by Maker and Holder.  No failure
or delay on the part of Holder in exercising any power or right under this
Note shall operate as a waiver thereof, nor shall any single or partial
exercise of any such power or right preclude any other or further exercise
thereof or the exercise of any other power or right.

[Execution page follows]

IN WITNESS WHEREOF, Maker has executed this Note as of the day and year first
above written.

MAKER:

TELVUE CORPORATION


By:	/s/Joseph Murphy
	-------------------------------------
	Joseph Murphy,
	President and Chief Executive Officer


HOLDER:


	/s/H F Lenfest
	-------------------------------
	H.F. Lenfest


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.


DATED:  08/04/05					/s/Joseph M. Murphy
							----------------------------------
							Joseph M. Murphy
							President (Chief Executive Officer)

EXHIBIT 31.2
CERTIFICATIONS

	I, Irene A. DeZwaan, certify that:

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

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

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

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

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

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

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

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

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

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


DATED:  08/04/05					/s/Irene A. DeZwaan
							----------------------------------
							Irene A. DeZwaan
							Treasurer (Controller)



EXHIBIT 32.1

TELVUE CORPORATION


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


In connection with the Quarterly Report of TelVue Corporation (the "Company")
on Form 10-QSB for the period ending June 30, 2005 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.


DATED:  08/04/05					/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 ending June 30, 2005 as filed with the
Securities and Exchange Commission on the date hereof (the "Report"), I,
Irene DeZwaan, Controller of the Company, certify, pursuant to 18 U.S.C.
sec. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act
of 2002, that:

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

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


DATED:  08/04/05					/s/Irene A. DeZwaan
							----------------------------------
							Irene A. DeZwaan
							Treasurer (Controller)