<SUBMISSION>
<ACCESSION-NUMBER>0000950152-05-002979
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20050406
<ITEMS>3.01
<ITEMS>8.01
<ITEMS>9.01
<FILING-DATE>20050406
<DATE-OF-FILING-DATE-CHANGE>20050406
<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>05737748
</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>l13102ae8vk.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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<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>
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<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)<U> April&nbsp;6, 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">
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    <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 colspan="5" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State or Other Jurisdiction
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Commission
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(IRS Employer</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">of Incorporation)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">File Number)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Identification No.)</TD>
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    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
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    <TD>&nbsp;</TD>
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</TR>
<TR valign="bottom">
    <TD align="center" valign="top" colspan="2">47 MAIN STREET, WARWICK, NEW YORK
</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">10990</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" valign="top" align="left" 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">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Zip Code)</TD>
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<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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(845)&nbsp;986-8080</U>


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



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<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;3.01. Notice of Delisting or Failure to Satisfy a Continued Rule or Standard; Transfer
of Listing.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On April&nbsp;6, 2005, Warwick Valley Telephone Company (&#147;the Company&#148;) issued a press
release through Business Wire which announced a further delay in the filing of its Annual
Report on Form 10-K. The press release also discloses that the Company received, on April&nbsp;5,
2005, notice from Nasdaq that the Company&#146;s Common Shares will be delisted on April&nbsp;14, 2005
unless the Company requests a hearing. The Company intends to request such a hearing. The
Company&#146;s press release is attached hereto and incorporated herein by reference as Exhibit
99.1.


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



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On April&nbsp;6, 2005, Warwick Valley Telephone Company (&#147;the Company&#148;) issued a press
release through Business Wire which announced a further delay in the filing of its Annual
Report on Form 10-K. The press release also discloses that the Company&#146;s lender, CoBank has
waived until June&nbsp;1, 2005 all defaults to provide audited statements and that the Company is
therefore not in default under the credit facility provided by CoBank. The Company&#146;s press
release is attached hereto and incorporated herein by reference as Exhibit&nbsp;99.1.


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



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99.1. Press release entitled &#147;Warwick Valley Telephone Encounters Further Delay in
Filing Form 10-K&#148;, dated April&nbsp;6, 2005.


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<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.

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</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">WARWICK VALLEY TELEPHONE COMPANY</TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Dated: April&nbsp;6, 2005
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By: <U>/s/ Herbert Gareiss, Jr.</U></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name: Herbert Gareiss, Jr.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title: President</TD>
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<P align="center" style="font-size: 10pt">&nbsp;
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>l13102aexv99w1.htm
<DESCRIPTION>EXHIBIT 99.1 PRESS RELEASE DATED APRIL 6, 2005
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<TITLE>Exhibit 99.1</TITLE>
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<P align="left" 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 was unable to file its Annual Report on Form 10-K for the year ended December
31, 2004 by the extended due date of March&nbsp;31, 2005. As previously disclosed in the
Company&#146;s Form 12b-25 filing on March&nbsp;17, 2005 (the &#147;Form&nbsp;12b-25&#148;), 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. Additionally, 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 control over financial reporting, the Company has not yet
completed its financial statements. 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. Management intends to file the
Company&#146;s Annual Report on Form 10-K as soon as possible.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As a result of its inability to file its Annual Report on Form 10-K on time, on April
5, 2005, the Company received a notice from the Listing Qualifications Department of The
Nasdaq Stock Market, Inc. stating that the Company fails to comply with Nasdaq&#146;s Marketplace
Rule&nbsp;4310(c)(14) because it has not yet filed its Annual Report on Form 10-K for the year
2004. Because of this failure to comply, the Company&#146;s Common Shares will begin trading at
the opening of business on April&nbsp;7, 2005 under the symbol &#147;WWVYE,&#148; rather than under its
usual symbol, &#147;WWVY.&#148; Furthermore, the notice stated that the Company&#146;s Common Shares will
be delisted from The Nasdaq National Market at the opening of business on April&nbsp;14, 2005,
unless by 4:00 pm EDT on April&nbsp;12, 2005 the Company requests a hearing before a Nasdaq
Listing Qualifications Panel. The Company intends to promptly request an oral hearing.
That request will stay the delisting of the Company&#146;s Common Shares. The Company currently
believes the hearing will take place in approximately one month. There can be no assurance
that the Panel will grant the Company&#146;s request for continued listing.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company entered into a 10-year, multiple-draw credit facility with a maximum
availability of $18,475,000 with CoBank on October&nbsp;16, 2002. Under the credit facility, the
availability of undrawn amounts expired on September&nbsp;30, 2004, at which time a principal
amount of $12,149,058 was outstanding. Several covenants and events of default potentially
relate to the inability of the Company to file its Annual Report on Form 10-K on time. One
of the covenants in the facility requires the Company to provide audited financial
statements to the lender 90&nbsp;days after fiscal year end. Another requires the Company to
comply with all regulations, which would include the reporting regulations of the Securities
and Exchange Commission. CoBank has waived until June&nbsp;1, 2005 all defaults that relate or
might relate to the Company&#146;s failure on March&nbsp;31, 2005 to file its Annual Report on Form
10-K, the failure on March&nbsp;31, 2005 to deliver audited financials to CoBank and the receipt
on April&nbsp;5, 2005 of the notice described above from Nasdaq; as a result, the Company is not
in default under the facility. In the event the Company is unable to file audited statements
on June&nbsp;1, 2005 and the filing deadline is not further extended, CoBank could declare an
Event of Default that could accelerate the maturity of all amounts then outstanding and then
seek to collect those amounts.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As previously disclosed in the Form 12b-25, the Company has identified certain material
weaknesses in the design and operating effectiveness of internal control over financial
reporting. 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;As previously reported, when comparing results from year 2004 to year 2003: Total
Operating Revenues of the Company are expected to decline $1.1&nbsp;million or approximately 4%
due principally to a decrease in revenue from network access charges; Operating Expense is
expected to increase by approximately $1.5&nbsp;million or approximately 6% largely due to a
significant increase in professional fees related to management&#146;s ongoing Section&nbsp;404
assessment; and 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, partially
offset by the decrease in Total Operating Revenues and the increase in the Operating
Expenses discussed above. The foregoing results are preliminary and are subject to
adjustment.


<P align="left" style="font-size: 10pt">CAUTION CONCERNING FORWARD-LOOKING STATEMENTS



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This press release contains forward-looking statements. Please refer to the Company&#146;s
Report on Form 10-Q for the quarter ended September&nbsp;30, 2004 and the Company&#146;s past and
future filings and reports filed with the Securities and Exchange Commission for a
description of the business environment in which the Company operates and the important
factors that may affect its business. The Company is not under any obligation to (and
expressly disclaims any obligation to) update or alter its forward-looking statements,
whether as the result of new information, future events or otherwise.



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