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<PERIOD>20050224
<ITEMS>8.01
<FILING-DATE>20050224
<DATE-OF-FILING-DATE-CHANGE>20050224
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>WARWICK VALLEY TELEPHONE CO
<CIK>0000104777
<ASSIGNED-SIC>4813
<IRS-NUMBER>141160510
<STATE-OF-INCORPORATION>NY
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-11174
<FILM-NUMBER>05636656
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>47 49 MAIN ST
<CITY>WARWICK
<STATE>NY
<ZIP>10990
<PHONE>9149861101
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>47 49 MAIN ST
<STREET2>PO BOX 592
<CITY>WARWICK
<STATE>NY
<ZIP>10990
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>8-K
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<FILENAME>l12367ae8vk.htm
<DESCRIPTION>WARWICK VALLEY TELEPHONE COMPANY       8-K
<TEXT>
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<TITLE>WARWICK VALLEY TELEPHONE COMPANY       8-K</TITLE>
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<DIV style="font-family: Helvetica,Arial,sans-serif">



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<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>






<P align="center" style="font-size: 14pt"><B>SECURITIES AND EXCHANGE COMMISSION</B>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>


<P align="center" style="font-size: 10pt"><HR size="1" noshade width="26%" align="center" color="#000000">


<P align="center" style="font-size: 18pt"><B>FORM 8-K</B>


<P align="center" style="font-size: 12pt"><B>CURRENT REPORT<BR>
PURSUANT TO SECTION 13 OR 15(d) OF THE<BR>
SECURITIES EXCHANGE ACT OF 1934</B>


<P align="center" style="font-size: 10pt">Date of Report (Date of earliest event reported)&nbsp;<U>February&nbsp;24, 2005</U>


<P align="center" style="font-size: 24pt"><B>WARWICK VALLEY TELEPHONE COMPANY</B>


<DIV align="center" style="font-size: 10pt"><HR size="1" noshade width="100%" align="center" color="#000000">
(Exact Name of Registrant as Specified in Charter)</DIV>


<DIV align="center">
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    <TD width="30%">&nbsp;</TD>
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    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
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<TR valign="bottom">
    <TD align="center" valign="top">NEW YORK
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">0-11174
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">14-1160510</TD>
</TR>
<TR valign="bottom">
    <TD colspan="5" valign="top" align="left"><HR size="1" noshade width="100%" align="left" color="#000000"></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State or Other Jurisdiction<BR>
of Incorporation)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Commission<BR>
File Number)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(IRS employer<BR>
Identification No.)</TD>
</TR>
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</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
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<TR valign="bottom">
    <TD align="center" valign="top">47 MAIN STREET, WARWICK, NEW YORK
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">10990</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left"><HR size="1" noshade width="100%" align="left" color="#000000"></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(Address of principal executive offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Zip Code)</TD>
</TR>
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</TABLE>
</DIV>


<P align="left" style="font-size: 10pt">Registrant&#146;s telephone number, including area code (<U>845) 986-8080</U>

<p>

<P align="center" style="font-size: 10pt"><HR size="1" noshade width="100%" align="left" color="#000000">


<DIV align="center" style="font-size: 10pt">(Former name or former address, if changed since last report)</DIV>



<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>







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<P align="left" style="font-size: 10pt">Item&nbsp;8.01. Other Events




<P align="left" style="margin-left:3%; font-size: 10pt">Warwick Valley Telephone Company (the &#147;Company&#148;) mailed an informational newsletter today
to keep shareholders informed about developments within the Company as well as the
strategies for growing our business and the state of the telecommunications industry in
general. A copy of that Shareholder Newsletter is found in Exhibit&nbsp;99.1 hereto, which is
incorporated in this Item&nbsp;8.01 by reference.


<P align="center" style="font-size: 10pt">&nbsp;</DIV>

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<P align="center" style="font-size: 10pt">SIGNATURES



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant
has duly caused this Report to be signed on its behalf by the undersigned hereunto duly
authorized.


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">WARWICK VALLEY TELEPHONE COMPANY<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">Dated: February 24, 2005&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/  Herbert Gareiss, Jr.
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Herbert Gareiss, Jr.&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;President, Chief Executive Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt">&nbsp;</DIV>

</BODY>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>l12367aexv99w1.htm
<DESCRIPTION>EX-99.1 SHAREHOLDER NEWSLETTER
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-99.1 Shareholder Newsletter</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<DIV style="font-family: Helvetica,Arial,sans-serif">

<P align="left" style="font-size: 10pt">Exhibit&nbsp;99.1


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
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    <TD width="40%">&nbsp;</TD>
</TR>
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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>WVT<BR>
COMMUNICATIONS</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top"><B><br>
SHAREHOLDER NEWSLETTER</B><br>February&nbsp;24, 2005
</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>





<P align="left" style="font-size: 10pt">Dear Shareholder:


<P align="left" style="font-size: 10pt">Welcome to our mid-winter 2005 newsletter. We would like to share more news and updates with you
about WVT.



<P align="left" style="font-size: 10pt"><B>First Quarter Dividend</B>


<P align="left" style="font-size: 10pt">At the February&nbsp;17, 2005 Board meeting, the Board of Directors approved a $0.20 quarterly common
dividend payable March&nbsp;31, 2005 to shareholders of record March&nbsp;18, 2005.



<P align="left" style="font-size: 10pt"><B>Election of a Director</B>


<P align="left" style="font-size: 10pt">The Board of Directors is pleased to announce that Mr.&nbsp;Joseph J. Morrow was elected to the Board of
Directors of Warwick Valley Telephone Company on Friday December&nbsp;3, 2004 until the next Annual
Meeting of Shareholders. Mr.&nbsp;Morrow fills the seat vacated by Mr.&nbsp;M. Lynn Pike. Mr.&nbsp;Morrow, 65, is
the founder and President of Morrow and Co., Inc., which is one of the largest proxy solicitation,
corporate governance and strategic consulting firms in the world with offices in New York, Dallas,
Chicago, San Francisco and London. Morrow and Co., Inc. currently represents in excess of 700
publicly traded companies here and abroad. Mr.&nbsp;Morrow started his career with KPMG Peat Marwick
upon graduating from college and has been in the proxy solicitation business ever since. He also
serves as Non-Executive Chairman of North American Galvanizing and Coatings, Inc., an American
Stock Exchange company.



<P align="left" style="font-size: 10pt"><B>New Chief Financial Officer</B>


<P align="left" style="font-size: 10pt">The Board of Directors is also pleased to welcome Michael A. Cutler, your new Vice President, Chief
Financial Officer and Treasurer. Prior to joining WVT on January&nbsp;24, 2005, Mr.&nbsp;Cutler, 56, served
from October&nbsp;2003 to January&nbsp;2005 as Director of Finance of Gibraltar Industries Corporation &#151;
Hubbell Division. Prior to that, he spent over twenty years in telecommunications holding senior
financial positions primarily with SBC/Ameritech, a national telecommunications company providing
voice, video and data services to both business and residential customers. In addition to being a
CPA, Mr.&nbsp;Cutler holds an MBA, Finance &#038; Accounting from Roosevelt University and a BA in Philosophy
from Northwestern University.



<P align="left" style="font-size: 10pt"><B>2005 Strategic Overview</B>


<P align="left" style="font-size: 10pt">WVT&#146;s 2005 strategic direction is easily defined. We aim to increase future net operating income
by:


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="95%">&nbsp;</TD>
</TR>
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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT face="wingdings">&#216;</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Focusing on profitable new businesses and strengthening certain existing services. Several (but not all) of the services that we are concentrating on in 2005 include:</TD>
</TR>
</table>
</div>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="90%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="93%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-family: Wingdings">&#252;</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The roll-out of <B>WVT eTalk </B>in early second quarter 2005. <B>WVT eTalk </B>is a low-cost and
feature-rich local, domestic and international calling service for residential, business
and wholesale market segments. By using Voice over Internet Protocol (VoIP), <B>WVT eTalk</B>
marries the PC and the telephone to deliver advanced capabilities that increase the
convenience and the control customers have over their communication services. This will
give us a &#147;Quadruple Play&#148; offering landline dial-tone and long distance; internet
dial-tone and long distance; DSL (high-speed bandwidth); and our full video service. The
Quadruple Play is a service advantage our competition does not offer.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-family: Wingdings">&#252;</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The continued build-out of our <B>Video Service</B>. This year WVT will be installing new ADSL
2 Plus technology in its existing nodes. This will enable us to double the reach of our
signal from 4,100 feet to 8,000 feet without having to install new nodes. We are also
ready to add video-on-demand and high definition TV to our service offering as soon as our
equipment vendor introduces these features later this year. Finally, we expect to
introduce local programming and ad-insertion services.</TD>
</TR>
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</DIV>


<P align="center" style="font-size: 10pt">&nbsp;</DIV>

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<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="90%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="93%">&nbsp;</TD>
</TR>
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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-family: Wingdings">&#252;</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The promotion of Video Services through the Empire State Independent Network, LLC which
does business as the <B>Independent Optical Network or ION.</B> ION is a consortium of thirteen
telephone companies, including WVT. ION is building a telecommunications broadband network
that will reach into rural New York State. The network will connect the citizens of
approximately fifty-four cities and their surrounding communities. Demand for this
statewide network is driven by the need for high-speed Internet access and applications
such as web hosting, enhanced data services (ATM, frame relay, etc.), and distributed
networks. In addition to providing enhanced broadband services to our customers needing to
connect distant locations, WVT intends to offer WVT video head-end services and VoIP
wholesale services to other independent telephone companies in New York State over this
network.</TD>
</tr>
</table>
</div>
</div>
<DIV style="font-family: Helvetica,Arial,sans-serif">
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="93%">&nbsp;</TD>
</TR>
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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT face="wingdings">&#216;</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Strengthening our corporate infrastructure (realigning staff and
adding needed resources) to further expand the foundation for our
future growth by enhancing internal controls and upgrading our
financial and other support systems.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT face="wingdings">&#216;</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Maintaining tight control of our expenses, with an emphasis on limiting audit and legal fees as well as costs related to Sarbanes Oxley compliance.</TD>
</TR>
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</TABLE>
</DIV>

<P align="left" style="font-size: 10pt">We will continue to communicate updates to our shareholders and, as always, we welcome your
feedback and questions. Please feel free to contact Jennifer Abelson at <u>Jennifer@abelsongroup.com</u>
or 631-462-0003.



<P align="left" style="font-size: 10pt">Very truly yours,


<P align="left" style="font-size: 10pt">/s/Herbert Gareiss, Jr.


<P align="left" style="font-size: 10pt">Herbert Gareiss, Jr.<BR>
President and CEO



<P align="center" style="font-size: 10pt">&nbsp;
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</SUBMISSION>
