Alteva (ALTV) 8-K Warwick Valley Telephone Announces Final Vote Results and Committee Assignments

Exhibit 99.1

Press Release

Warwick Valley Telephone Announces Final Vote Results and Committee Assignments

(Warwick, NY, 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 For		Votes 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
		Votes For				Withhold 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 For		Votes 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: Warwick Valley Telephone Company
Duane W. Albro
President & CEO
(845) 986-5677