Exhibit 99.1
WVT Shareholders Vote No Sale
At WVT Communications (Warwick Valley Telephone) annual meeting at the Hall of Fame
Museum, Goshen, NY on November 17, shareholders soundly voted down a shareholders
proposal urging the board of directors to arrange for the prompt sale of the company.
Philip Demarest, Herbert Gareiss Jr., and Corinna Lewis were re-elected as directors.
Joseph Morrow was elected to fill the remaining term of former director M. Lynn Pike, and
WithumSmith+Brown was approved as WVTs independent accounting firm for 2005.
WVT President and CEO Herbert Gareiss Jr. acknowledged the entire WVT staff, particularly
Vice President Brenda Schadt who will retire next month after 43 years of service. He
noted that WVT will continue to streamline its staff to meet industry challenges and that
following Schadts departure he and CFO Michael Cutler will be the only executive
officers of the company. Gareiss said that the company will realize long-term savings
because of the freezing of management and non-management pensions. He also explained how
WVT financial and personnel resources were consumed by Herculean efforts to meet
Sarbanes-Oxley regulations and that WVT is current on all SEC filings and NASDAQ
requirements. Gareiss closed with, Our plans are in place, our organization is engaged
and our direction is clear. WVTs strength lies in its dedicated and knowledgeable
staff, its loyal customers and shareholders, and its ability to move quickly to capture
and exit markets.
Founded in 1902, WVT Communications (Warwick Valley Telephone, NASDAQ: WWVY) provides
telecommunications, internet and digital television services in portions of Orange
County, NY; Sussex and Passaic County, NJ.