<SUBMISSION>
<ACCESSION-NUMBER>0000950152-05-002314
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20050318
<ITEMS>2.02
<ITEMS>9.01
<FILING-DATE>20050318
<DATE-OF-FILING-DATE-CHANGE>20050318
<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>05692344
</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
<SEQUENCE>1
<FILENAME>l12910ae8vk.htm
<DESCRIPTION>WARWICK VALLEY TELECOM  FORM 8-K
<TEXT>
<HTML>
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<TITLE>WARWICK VALLEY TELECOM  FORM 8-K</TITLE>
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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<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>


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<HR noshade width="26%" align="center" size="1" color="#000000">
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<P align="center" style="font-size: 10pt">FORM 8-K<BR>
CURRENT REPORT<BR>
PURSUANT TO SECTION 13 OR 15(d) OF THE<BR>
SECURITIES EXCHANGE ACT OF 1934



<P align="center" style="font-size: 10pt">Date of Report (Date of earliest event reported)<U> March&nbsp;18, 2005</U>


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


<DIV align="center" style="font-size: 10pt">(Exact Name of Registrant as Specified in Charter)</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="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
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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 style="font-size: 1px">
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</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>
<!-- End Table Body -->
</TABLE>
</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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<!-- Begin Table Body -->
<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 style="font-size: 1px">
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</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>
<!-- End Table Body -->
</TABLE>
</DIV>


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


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


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



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

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<!-- TOC -->
<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

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</TR>
<TR><TD></TD><TD colspan="8"><A HREF="#000">Item&nbsp;2.02. Results of Operations and Financial Condition</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#001">Item&nbsp;9.01. Financial Statements and Exhibits</A></TD></TR>
<TR><TD colspan="9"><A HREF="#002">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="l12910aexv99w1.htm">EXHIBIT 99.1 PRESS RELEASE</A></TD></TR>
</TABLE>
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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>




<!-- link2 "Item&nbsp;2.02. Results of Operations and Financial Condition" -->
<DIV align="left"><A NAME="000"></A></DIV>

<P align="left" style="font-size: 10pt">Item&nbsp;2.02. Results of Operations and Financial Condition



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;&nbsp;&nbsp;</TD>
    <TD>On Thursday, March&nbsp;17, 2005 Warwick Valley Telephone Company (&#147;the Company&#148;)
issued a press release through Market Wire which contained certain preliminary,
unaudited financial information regarding the results of the Company&#146;s operations
for the year ended December&nbsp;31, 2004. The Company&#146;s press release is attached
hereto and incorporated herein by reference as Exhibit&nbsp;99.1.</TD>
</TR>

</TABLE>

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

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<!-- link2 "Item&nbsp;9.01. Financial Statements and Exhibits" -->
<DIV align="left"><A NAME="001"></A></DIV>

<P align="left" style="font-size: 10pt">Item&nbsp;9.01. Financial Statements and Exhibits



<P>
<TABLE width="100%" border="0" cellpadding="2" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="1%"></TD>
    <TD width="99%"></TD>
</TR>
<TR valign="top">
    <TD nowrap>99.1.&nbsp;</TD>
    <TD>Press release entitled &#147;Warwick Valley Telephone
Filing of SEC Form&nbsp;12b-25&#148;, dated March&nbsp;17, 2005.</TD>
</TR>
</TABLE>


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

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<DIV style="font-family: 'Times New Roman',Times,serif">


<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>

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<DIV align="left"><A NAME="002"></A></DIV>

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



<P align="left" style="font-size: 10pt">&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>
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    <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: March 18, 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">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">President&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


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

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>l12910aexv99w1.htm
<DESCRIPTION>EXHIBIT 99.1 PRESS RELEASE
<TEXT>
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<TITLE>EXHIBIT 99.1</TITLE>
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<DIV style="font-family: 'Times New Roman',Times,serif">




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



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Warwick Valley Telephone Company (Nasdaq: WWVY; the &#147;Company&#148;) announced today that the
Company is unable to file its Annual Report on Form 10-K for the year ended December&nbsp;31, 2004 by
the prescribed filing deadline without unreasonable effort or expense. Furthermore, due to the
complex nature of the requirements of Section&nbsp;404 of the Sarbanes-Oxley Act of 2002 and the fact
that the Company has encountered unanticipated delays in connection with its evaluation and
testing, the Company has not yet completed its assessment of its internal control over financial
reporting. Management has devoted, and continues to devote, significant time, effort and expense
in preparing its financial statements and performing its evaluation of internal control over
financial reporting. Due to the redirection of personnel resources in connection with the
ongoing efforts to complete management&#146;s assessment of the effectiveness of the Company&#146;s
internal controls over financial reporting and management turnover, the Company is still in the
process of preparing its financial statements. There can be no assurance that management will
complete its financial statements or its Section&nbsp;404 assessment by March&nbsp;31, 2005.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Company fails to provide CoBank, the lender under its major credit facility, with the
Company&#146;s audited financial statements by March&nbsp;31, 2005, the Company will need, and would intend
to seek, a waiver of the resulting default under the credit facility. Additionally, if the delay
in the filing of the Company&#146;s Annual Report on Form 10-K continues for too long a period, that
delay could precipitate action by NASDAQ to initiate de-listing hearings, to which the Company
would intend to appropriately and vigorously respond.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As discussed above, management has not yet completed its documentation, testing and assessment of
its internal control over financial reporting. However, the Company&#146;s documentation and testing
of internal controls to date has identified certain deficiencies in the documentation, design and
effectiveness of internal controls over financial reporting. The Company previously disclosed in
the Company&#146;s Quarterly Report on Form 10-Q for the quarter ended September&nbsp;30, 2004 material
weaknesses that were related to a lack of segregation of duties; deficiencies associated with
manually intensive processes; and deficiencies associated with lack of formal review or account
reconciliations. A material weakness is a control deficiency, or combination of control
deficiencies, that results in a more than remote likelihood that a material misstatement of the
annual or interim financial statements will not be prevented or detected. Furthermore, as the
Company continues with its evaluation of internal control over financial reporting, additional
control deficiencies may be identified and those control deficiencies may also represent one or
more material weaknesses. The existence of one or more material weaknesses as of December&nbsp;31, 2004
would preclude a conclusion by management that the Company&#146;s internal control over financial
reporting was effective as of that date.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Operating Revenues are expected to decline $1.1&nbsp;million or approximately 4%, due
principally to a decrease in revenue from network access charges. The Company&#146;s Operating Expense
is expected to increase by approximately $1.5&nbsp;million or approximately 6%, due largely to a
significant increase in professional fees, which in turn was due largely to the preparation of
management&#146;s Section&nbsp;404 assessment. Net income is expected to increase by $0.8&nbsp;million, or
approximately 10% due largely to a gain on the sale of the Company&#146;s interest in DataNet and to
an increase in its income from its limited partnership interest in Orange County-Poughkeepsie LP,
offset by the increase in the operating expenses. The foregoing results are preliminary and
unaudited and are subject to adjustment.



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


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</SUBMISSION>
