SCHEDULE 14A INFORMATION PROXY STATEMENT
PURSUANT TO SECTION 14(A) OF THE SECURITIES
EXCHANGE ACT OF 1934

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Commission Only (as permitted by Rule 14a-
6(e)(2))

[  ] Definitive Proxy Statement

[ X ] Definitive Additional Materials

[  ] Soliciting Material Pursuant to Sec.
240.14a-11(c) or
Sec. 240.14a-12

WARWICK VALLEY TELEPHONE
COMPANY, INC.
- -------------------------------------------
- ----------------
(Name of Registrant as Specified in its
Charter)


Lawrence J. Goldstein, Santa Monica
Partners L.P.,
and SMP Asset Management, LLC,
- -------------------------------------------
- ----------------
(Name of Person(s) Filing Proxy Statement,
if Other Than the Registrant

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"2006 Our 25th Year"

SANTA MONICA PARTNERS, L.P.

1865 Palmer Avenue
Larchmont   New York   10538

Tel. 914.833.0875     Fax 914.833.1068

www.smplp.com

FOR IMMEDIATE RELEASE

CONTACT:
Rooney & Associates Communications
Terry Rooney
(212) 223-0689
trooney@rooneyco.com
Chenoa Taitt
(212) 223-0682
ctaitt@rooneyco.com

SANTA MONICA PARTNERS WINS SHAREHOLDER
INJUNCTION AGAINST MANAGEMENT OF WARWICK
VALLEY TELEPHONE COMPANY

Investment Firm Will Move Forward with
Proxy Contest
For Board Representation

Larchmont, N.Y., April 27, 2006 -- Santa
Monica Partners L.P., an investment firm
established in 1982 and its principal,
Lawrence J. Goldstein, today announced that
a State Supreme Court of New York ruled in
favor of their shareholder injunction to
enjoin Warwick Valley Telephone Company
(NASDAQ:WWVY) from misusing an Advance
Notice By-law to attempt to prevent Santa
Monica from nominating - - and Warwick
shareholders from voting for - - candidates
for two seats on the board of directors.
Warwick?s board has a total of nine
director seats.

As a result of the ruling,  Santa Monica?s
nomination of  the former President and CEO
of Warwick Valley Telephone, Mr. M. Lynn
Pike, and Mr. Peter Saulnier, the former
Senior Vice President and CFO of Country
Road Communications, for the vacant board
seats will proceed, and Warwick
shareholders will be able to vote in a true
election.

?We?re extremely pleased that the Court
ruled in favor of corporate democracy
recognizing Warwick management?s actions as
unreasonable, unfair and inequitable. This
is a victory for all Warwick shareholders
as now we?re empowered to play an active
role in nominating and voting for
independent Board members,? commented
Lawrence J. Goldstein, Principal and
Founder of Santa Monica Partners. ?With
this in mind, I encourage Warwick?s
shareholders to immediately vote ?FOR? our
nominees as directed below:

SHAREHOLDERS MUST OBTAIN THEIR ?OPPOSITION
PROXY CONTROL NUMBER? BY CALLING THEIR
BROKER WHO HOLDS THEIR WARWICK SHARES.
THIS IS A 12 DIGIT NUMBER.  SUBSEQUENTLY,
CALL ADP AT
1-800-454-8683 AND FOLLOW THE PROMPTS TO
VOTE ?FOR? M. LYNN PIKE AND MR. PETER
SAULNIER AND ?FOR? PROPOSITION NUMBER 4.

SANTA MONICA ALSO SUGGESTS VOTING:
?AGAINST? WARWICK?S NOMINEES IN ORDER TO
SEND A MESSAGE TO THE BOARD THAT
SHAREHOLDERS ARE NOT HAPPY WITH THEIR
ACTIONS.

WHEN CONTACTING ADP, SHAREHOLDERS MUST USE
THEIR CONTROL NUMBER OBTAINED FROM THEIR
BROKER OR THE CONTROL NUMBER WHICH APPEARS
ON THE GREEN ADP BALLOT CARD.

SHAREHOLDERS MAY ALSO VOTE AT ADP?S WEBSITE
WWW.PROXYVOTE.COM

It is to shareholder?s benefit to drive
change at Warwick, whose management is
reluctant to take on initiatives that
support its shareholders.?

Separately, a shareholder proposal,
submitted by Santa Monica, calls for
shareholders to vote for a substantial
increase of Warwick?s annual dividend.
 Given Warwick?s considerable cash
position, an increased annual dividend
payment would not jeopardize the Company?s
financial stability and would be beneficial
to shareholders.

Shareholders have only ONE more day in
which to cast their vote by telephone to
ADP.  Votes for Board of Directors and the
increased dividend will be counted at the
Annual Meeting of Shareholders, April 28,
2006 at 2 PM in Goshen, NY.

Mr. Goldstein, a champion of shareholder
rights and shareholder value enhancement,
has been campaigning for Warwick?s Board of
Directors to take steps to enhance
shareholder value.  According to Mr.
Goldstein, the cash generated from
Warwick?s 7.5% passive investment in the
Orange County Cellular Partnership (OCP) is
being squandered at the expense of
shareholders. Based on the extraordinary
profitability and growth of the Orange
County Cellular Partnership (a passive
investment not managed by Warwick), there
is ample excess cash being generated by the
OCP to substantially increase the dividend.

Santa Monica Partners L.P.
Santa Monica Partners is an Investment
Partnership based in Larchmont, New York
with $93 million in assets under management
and more than $166 million firm wide.
Santa Monica Partners has a history of
adopting a shareholder activist posture
when company managements are perceived as
failing to realize full value for
shareholders. Santa Monica Partners is the
beneficial owner of 114,689 shares of
Warwick. Mr. Goldstein, as Santa Monica?s
principal executive, is the beneficial
owner of these shares, and is also the
beneficial owner of an additional 16,200
Warwick shares. Santa Monica Partners and
Mr. Goldstein own more shares of Warwick
than Warwick?s 12 officers and directors
collectively.

Shareholders are advised to read the
definitive proxy statement that Santa
Monica has filed with the SEC (WWW.SEC.GOV)
because it contains important information.

Shareholders and other interested parties
may obtain, free of charge, copies of Santa
Monica?s definitive proxy statement and
other related documents filed by the fund
at the SEC?s website (http://www.sec.gov/).