<SUBMISSION>
<ACCESSION-NUMBER>0000950152-05-007201
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20050823
<ITEMS>3.01
<ITEMS>8.01
<ITEMS>9.01
<FILING-DATE>20050823
<DATE-OF-FILING-DATE-CHANGE>20050823
<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>051043447
</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>l15752ae8vk.htm
<DESCRIPTION>WARWICK VALLEY TELEPHONE COMPANY          8-K
<TEXT>
<HTML>
<HEAD>
<TITLE>Warwick Valley Telephone Company          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">



<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>




<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549<BR>
<DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM 8-K</B>
</DIV>


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

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Date of Report (Date of earliest event reported): August&nbsp;23, 2005</B></DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>Warwick Valley Telephone Company</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of registrant as specified in its charter)</DIV>


<DIV align="center">
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    <TD width="47%">&nbsp;</TD>
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<TR valign="bottom">
    <TD align="center" valign="top"><B>0-11174</B><BR>
(Commission File No.)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>14-1160510</B><BR>
(I.R.S. Employer Identification No.)</TD>
</TR>
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</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>New York</B><BR>
(State or other jurisdiction of incorporation or organization)</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>47 Main Street<BR>
Warwick, New York 10990<BR>
(845)&nbsp;986-8080</B><BR>
(Address, including zip code, and telephone number,<BR>
including area code, of Registrant&#146;s principal executive offices)</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
obligation of the registrant under any of the following provisions:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT> Written communication pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT> Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
</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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</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><TD></TD><TD colspan="8"><A HREF="#000">Item&nbsp;3.01.&nbsp;&nbsp;&nbsp; <U>Notice of Delisting or Failure to Satisfy a Continued Rule or Standard; Transfer of Listing</U></A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#001">Item&nbsp;8.01.&nbsp;&nbsp;&nbsp; <U>Other Events</U></A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#002">Item&nbsp;9.01.&nbsp;&nbsp;&nbsp; <U>Financial Statements and Exhibits</U></A></TD></TR>
<TR><TD colspan="9"><A HREF="#003">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#004">Exhibit&nbsp;Index</A></TD></TR>
<TR><TD colspan="9"><A HREF="l15752aexv99w1.htm">EX-99.1 Press Release</A></TD></TR>
</TABLE>
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<!-- link2 "Item&nbsp;3.01.&nbsp;&nbsp;&nbsp; <U>Notice of Delisting or Failure to Satisfy a Continued Rule or Standard; Transfer of Listing</U>" -->
<DIV align="left"><A NAME="000"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;3.01.</B>&nbsp;&nbsp;&nbsp; <U><B>Notice of Delisting or Failure to Satisfy a Continued Rule or Standard; Transfer of Listing</B></U>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 9%">Warwick Valley Telephone Company (the &#147;Company&#148;), whose Common Shares trade on The Nasdaq
National Market under the symbol WWVYE, received a letter, dated August&nbsp;17, 2005, from the
Listing Qualifications Department of The Nasdaq Stock Market notifying the Company that
its failure to file on time its Quarterly Report on Form 10-Q for the quarter ended June
30, 2005 (the &#147;Second Quarter 10-Q&#148;) constitutes an additional deficiency under
Marketplace Rule&nbsp;4815(b). This deficiency is an additional basis for delisting the
Company&#146;s Common Shares. The Company previously reported on August&nbsp;11, 2005 in a
Notification of Late Filing on Form 12b-25 and a subsequent press release that it was
unable to file the Second Quarter 10-Q by the prescribed filing deadline without
unreasonable effort or expense as it is still in the process of finalizing its Annual
Report on Form 10-K for the year ended December&nbsp;31, 2004 (the &#147;2004 Form&nbsp;10-K&#148;). Neither
the Second Quarter 10-Q nor the Company&#146;s Quarterly Report on Form 10-Q for the quarter
ended March&nbsp;31, 2005 (the &#147;First Quarter 10-Q&#148;) can be filed until the 2004 Form 10-K is
filed, since quarterly reports must refer to audited annual financial information from the
prior year. The Company&#146;s late filing of the Form 10-K is 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 encountered unanticipated delays in connection with the evaluation and testing
that are part of preparing its assessment of its internal control over financial
reporting. The Company is continuing to devote intense effort to that assessment and all
other matters that are necessary so that the 2004 Form 10-K and both the First Quarter and
Second Quarter 10-Q can be filed. The delays have not resulted from the discovery of
circumstances which would require any restatement of its prior financials.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 9%">A copy of the Company&#146;s press release reporting its receipt of the letter from Nasdaq is
filed herewith as Exhibit&nbsp;99.1 and is incorporated herein by reference.
</DIV>
<!-- link2 "Item&nbsp;8.01.&nbsp;&nbsp;&nbsp; <U>Other Events</U>" -->
<DIV align="left"><A NAME="001"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;8.01.</B>&nbsp;&nbsp;&nbsp; <U><B>Other Events</B></U>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 9%">On August&nbsp;23, 2005, the Company issued a press release describing the receipt of the
delinquency notification from The Nasdaq Stock Market reported above under Item&nbsp;3.01 with
respect to the Company&#146;s failure to file on time its Quarterly Report on Form 10-Q for the
second quarter of 2005. The press release also describes the extension until
September&nbsp;30, 2005 of the waiver obtained from CoBank, the Company&#146;s principal lender, from all
events of default that might arise out of the Company&#146;s failure to file its 2004 Form 10-K.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 9%">A copy of the Company&#146;s press release is filed herewith as Exhibit&nbsp;99.1 and is
incorporated herein by reference.
</DIV>
<!-- link2 "Item&nbsp;9.01.&nbsp;&nbsp;&nbsp; <U>Financial Statements and Exhibits</U>" -->
<DIV align="left"><A NAME="002"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;9.01.</B>&nbsp;&nbsp;&nbsp; <U><B>Financial Statements and Exhibits</B></U>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 9%">99.1. Press release entitled &#147;Warwick Valley Telephone Receives Notification from
Nasdaq, Obtains Waiver from Lender,&#148; dated August&nbsp;23, 2005.
</DIV>

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

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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">
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<DIV align="left"><A NAME="003"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">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.
</DIV>


<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"><U>WARWICK VALLEY TELEPHONE COMPANY</U><BR>
(Registrant)<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">Date: August 23, 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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<DIV style="font-family: 'Times New Roman',Times,serif">


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
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    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>

</TABLE>
<!-- link1 "Exhibit&nbsp;Index" -->
<DIV align="left"><A NAME="004"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Exhibit&nbsp;Index</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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    <TD width="92%">&nbsp;</TD>
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<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Exhibit No.</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Description</B></TD>
</TR>

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    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Press release entitled &#147;Warwick Valley Telephone Receives Notification from
Nasdaq, Obtains Waiver from Lender,&#148; dated August&nbsp;23, 2005.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">&nbsp;
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<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>l15752aexv99w1.htm
<DESCRIPTION>EX-99.1 PRESS RELEASE
<TEXT>
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<TITLE>EX-99.1 Press Release</TITLE>
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<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;99.1</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Warwick Valley Telephone Receives Notification from Nasdaq, Obtains Waiver From Lender</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(Warwick, New York,
August&nbsp;23, 2005&#151;Nasdaq: WWVYE; the &#147;Company&#148;) Warwick Valley Telephone Company
announced today that it had received a letter, dated August&nbsp;17, 2005, from the Listing
Qualifications Department of The Nasdaq Stock Market notifying the Company that its failure to file
on time its Quarterly Report on Form&nbsp;10-Q for the quarter ended June&nbsp;30, 2005 (the &#147;Second
Quarter&nbsp;10-Q&#148;) constitutes an additional deficiency under Marketplace Rule&nbsp;4815(b). This deficiency is an
additional basis for delisting the Company&#146;s Common Shares. The Company previously reported on
August&nbsp;11, 2005 in a Notification of Late Filing on Form&nbsp;12b-25 and a subsequent press release that
it was unable to file the Second Quarter&nbsp;10-Q by the prescribed filing deadline without
unreasonable effort or expense as it is still in the process of finalizing its Annual Report on
Form&nbsp;10-K for the year ended December&nbsp;31, 2004 (the &#147;2004 Form&nbsp;10-K&#148;). Neither the Second Quarter&nbsp;10-Q
nor the Company&#146;s Quarterly Report on Form&nbsp;10-Q for the quarter ended March&nbsp;31, 2005 (the
&#147;First Quarter 10-Q&#148;) can be filed until the 2004 Form&nbsp;10-K is filed, since quarterly reports must
refer to audited annual financial information from the prior year. The Company&#146;s late filing of
the Form&nbsp;10-K is 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 encountered unanticipated delays in connection with the
evaluation and testing that are part of preparing its assessment of its internal control over
financial reporting. The Company is continuing to devote intense effort to that assessment and all
other matters that are necessary so that the 2004 Form&nbsp;10-K and both the First Quarter and Second
Quarter&nbsp;10-Q can be filed. The delays have not resulted from the discovery of circumstances which
would require any restatement of its prior financials.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In addition, CoBank, the lender under its
major credit facility, has extended from July&nbsp;15 until
September&nbsp;30 the waiver it had previously given the Company from any default relating to the
Company&#146;s delay in filing its 2004 Form&nbsp;10-K, which contains the Company&#146;s audited financial
statements. Although CoBank never delivered a notice of default to the Company, the Company&#146;s
failure to deliver its audited financials would, without the extension of CoBank&#146;s waiver, have
permitted CoBank to declare an Event of Default that could accelerate the maturity of all amounts
then outstanding.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This press release contains
forward-looking statements. Please refer to the Company&#146;s Report on
Form&nbsp;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.
</DIV>



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