<SUBMISSION>
<ACCESSION-NUMBER>0000950152-05-004472
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20050513
<ITEMS>2.02
<ITEMS>8.01
<ITEMS>9.01
<FILING-DATE>20050516
<DATE-OF-FILING-DATE-CHANGE>20050513
<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>05830950
</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>l14019ae8vk.htm
<DESCRIPTION>WARWICK VALLEY TELECOM  FORM 8-K
<TEXT>
<HTML>
<HEAD>
<TITLE>FORM 8-K</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<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="15%" 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) <U>May&nbsp;13, 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>
<!-- End Table Head -->
<!-- Begin Table Body -->
<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>
<!-- End Table Head -->
<!-- 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="center" style="font-size: 10pt">Registrant&#146;s telephone number, including area code <U> (845)&nbsp;986-8080 </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>



<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>





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

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

<P align="center" style="font-size: 10pt"><U><B>TABLE OF CONTENTS </B></U>

<DIV align="left">
<!-- TOC -->
</DIV>
<DIV align="left">
<A name="tocpage"></A>
</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="100%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#101">Item&nbsp;2.02. Results of Operations and Financial Condition</A></DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#102">Item&nbsp;8.01 Other Events</A></DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#103">Item&nbsp;9.01. Financial Statements and Exhibits</A></DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#104">SIGNATURES</A></DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">EXHIBIT 99.1 PRESS RELEASE</DIV></TD>
</TR>
<!-- End Table Body -->
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="l14019aexv99w1.htm">EXHIBIT 99.1</A></FONT></TD></TR>
</TABLE>
</DIV>
<DIV align="left">
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</DIV>


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

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

<DIV align="left">
<A name="101"></A>
</DIV>

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




<P align="left" style="margin-left:3%; font-size: 10pt">On Friday, May&nbsp;13, 2005 Warwick Valley Telephone Company (&#147;the Company&#148;)
issued a press release which reported its inability to file
its Quarterly Report on Form 10-Q by the required date and contained certain
preliminary, unaudited financial information regarding the results of the
Company&#146;s operations for the three months ended March&nbsp;31, 2004. The Company&#146;s
press release is attached hereto and incorporated herein by reference as
Exhibit&nbsp;99.1.


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

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<DIV align="left">
<A name="102"></A>
</DIV>

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


<P align="left" style="font-size: 10pt">On May&nbsp;13, 2005 the Company issued
a press release referred above under Item&nbsp;2.02 reporting its inability to
file its Quarterly Report&nbsp;10-Q by required date. A copy of the press release
is attached hereto as Exhibit&nbsp;99.1
and is incorporated herein by reference.



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

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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

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



<DIV align="left">
<A name="103"></A>
</DIV>

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



<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">99.1.&nbsp;&nbsp;</TD>
    <TD>Press release entitled &#147;Warwick Valley Telephone Filing of SEC Form
12b-25&#148;, dated May&nbsp;13, 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>

<DIV align="left">
<A name="104"></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>
    <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: May 13, 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>

</TABLE>

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

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>l14019aexv99w1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<HTML>
<HEAD>
<TITLE>EXHIBIT 99.1</TITLE>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<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 on May&nbsp;11,
2005 it had filed a notification on Form 12b-25 of its inability to file its Quarterly Report on
Form 10-Q for the quarter ended March&nbsp;31, 2005 by the prescribed filing deadline without
unreasonable effort or expense. Because it must refer to the Company&#146;s financial condition as of
December&nbsp;31, 2004, the Company&#146;s Quarterly Report on Form 10-Q for the quarter end March&nbsp;31, 2005
cannot be filed until after the filing of its Annual Report on Form 10-K for the year ended
December&nbsp;31, 2004. As previously reported in the Company&#146;s Form 12b-25 filing on May&nbsp;11, 2005, the
filing of the Annual Report on Form 10-K for the year ended December&nbsp;31, 2004 has been delayed
despite the extensive effort on the part of management to complete their evaluation of the
Company&#146;s internal control over financial reporting as of December&nbsp;31, 2004 as required by Section
404 of the Sarbanes-Oxley Act of 2002. Management continues to devote significant time, effort and
expense in preparing its financial statements for the year ended December&nbsp;31, 2004 and performing
its evaluation of internal control over financial reporting as of December&nbsp;31, 2004. However, due
to the continued redirection of personnel and 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, the Company is still in the process of finalizing its financial statements for
both the Annual Report on Form 10-K for the year ended December&nbsp;31, 2004 and the
Quarterly Report on Form 10-Q for the quarter ended March&nbsp;31, 2005. The Company currently expects
the Annual Report to be filed in July; the Quarterly Report on Form 10-Q will be filed shortly
thereafter.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CoBank, the lender under the Company&#146;s major credit facility, has given the Company a waiver from
the default which resulted from the Company&#146;s delay in filing audited financial statements for the
year ended December&nbsp;31, 2004. The waiver is effective through June&nbsp;1, 2005. However, based on our
progress to date, we do not expect to file audited statements for the year ended December&nbsp;31, 2004
until after June&nbsp;1, 2005. Accordingly, the Company intends to seek an extension of the waiver. If
the waiver 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. Also, in
connection with the previously disclosed notice from the Nasdaq concerning the potential delisting
of the Company, the Company met with a Nasdaq hearing panel on May&nbsp;5, 2005. The outcome from the
hearing is currently pending.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As previously reported in the Company&#146;s Form 12b-25 filing on May&nbsp;11, 2005, the Company has
identified certain material weaknesses in the design and operating effectiveness of internal
control over financial reporting. Furthermore, as the Company continues with its evaluation of
internal control over financial reporting as of December&nbsp;31, 2004, 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 precludes 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;On a year over year basis for the quarter ending March&nbsp;31, 2005, total Operating Revenues are
expected to decline approximately $0.3&nbsp;million (-4%) to $6,690, principally due to a decrease in
revenue from network access charges, circuit revenue, reciprocal compensation, and co-location rent
revenues. The Company&#146;s Operating Expense is expected to increase by approximately 1.9% (or $0.1
million) to $6,590, mostly due to increased video content costs and increased professional fees for
services related to ongoing efforts to comply with Section&nbsp;404 of the Sarbanes-Oxley Act.
Consequently, net income is expected to decrease by $0.1&nbsp;million (-7%) to $1,727. Other income for
the quarter, which is derived primarily from the Company&#146;s limited partnership interest in Orange
County-Poughkeepsie LP, is expected to increase approximately $0.1&nbsp;million (5%). The foregoing
results are preliminary and unaudited and are subject to adjustment.



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


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</SUBMISSION>
