Warwick Valley Telephone Announces Final Vote Results and

WARWICK, NY -- (MARKET WIRE) -- May 3, 2007 -- Warwick Valley Telephone Company (NASDAQ: WWVY) (the "Company") announced today the final certified results of the votes at its 2007 Annual Meeting of shareholders, held Friday, April 27, 2007. Jeffery D. Alario, Wisner H. Buckbee, and Douglas J. Mello were elected for three-year terms as Directors in Class II. Thomas H. Gray was elected to fill the remaining one-year term of the Class III directorship formerly held by Corinna S. Lewis. In addition, the shareholders approved the selection of WithumSmith+Brown, P.C. as the Company's independent accountants for the year ending December 31, 2007, and the shareholder proposals, urging that the quarterly dividend to shareholders be significantly increased and that an auction be held to sell the Company, were defeated.

Matters voted on at the meeting and the results of each vote are as follows:

                                                        Votes
                                           Votes For   Against    Abstain
Proposal I    To fix the number of
              Directors at nine until the
              next Annual Meeting of
              Shareholders.                3,560,084    791,883    163,678

                                                                 Withhold
                                           Votes For             Authority
Proposal II   To elect three Class II
              directors of the Company
              and to elect one director
              to fill the remaining term
              of the Class III directorship
              formerly held by
              Corinna S. Lewis:
              Class II
              Jeffrey D. Alario            3,578,393               937,252
              Wisner H. Buckbee            3,443,711             1,071,934
              Douglas J. Mello             3,469,355             1,046,290
              Class III
              Thomas H. Gray               3,569,061               946,584

                                                        Votes
                                           Votes For   Against    Abstain
Proposal III  To approve the selection of
              WithumSmith+Brown, P.C. as
              the Company's independent
              accountants for the year
              ending December 31, 2007.    4,248,638    223,048     43,958

Proposal IV   Shareholder proposal urging
              that the quarterly dividend
              to shareholders be
              significantly increased.     1,107,260  2,641,949    151,065

Proposal IV   Shareholder proposal urging
              that an auction be held to
              sell the Company.            1,164,698  2,668,445     67,131

At the Company's Annual Organizational Meeting, held on the day of the Annual Meeting, the Board of Directors elected the following persons to the positions set forth opposite their names:

Wisner H. Buckbee       Chairman of the Board
Robert J. DeValentino   Vice Chairman of the Board
Thomas H. Gray          Interim President & Chief Executive Officer
Duane W. Albro          President & Chief Executive Officer
                        (effective May 1, 2007)
Kenneth H. Volz         Interim Vice President, Chief Financial Officer,
                        Treasurer
Zigmund C. Nowicki, Jr. Corporate Secretary
Dorinda M. Masker       Assistant Corporate Secretary

Also, at the Company's Annual Organizational Meeting, the following committee assignments were approved:

Governance & Nominating Committee  Joseph J. Morrow - Chair
                                   Robert J. DeValentino
                                   Douglas J. Mello

Audit Committee                    Jeffrey D. Alario - Chair
                                   Wisner H. Buckbee
                                   Kelly C. Bloss
                                   Philip S. Demarest

Compensation Committee             Robert J. DeValentino - Chair
                                   Douglas J. Mello
                                   Joseph J. Morrow

Contact Information: Contact: Warwick Valley Telephone Company Duane W. Albro President & CEO (845) 986-5677

Warwick Valley Telephone Announces Final Vote Results and Committee Assignments