U.S. SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   FORM 10-QSB



(Mark One)

   [X]       Quarterly report under Section 13, or 15 (d) of the Securities
             Exchange Act of 1934

                 For the quarterly period ended October 31, 2004

   [ ]       Transition report under Section 13 or 15 (d) of the Exchange Act


       For the transition period from ________________ to ________________


                         Commission file number 33-16335
                                                --------

                                   MALEX, INC.
       -----------------------------------------------------------------
       (Exact Name of Small Business Issuer as Specified in Its Charter)


                   Delaware                                75-2235008
      -------------------------------                  ----------------
      (State or Other Jurisdiction of                  (I.R.S. Employer
       Incorporation or Organization)                 Identification No.)

                18170 Hillcrest, Suite 100, Dallas, Texas, 75252
                ------------------------------------------------
                    (Address of Principal Executive Offices)

                                 (972) 612 1400
                ------------------------------------------------
                (Issuer's Telephone Number, Including Area Code)


              ----------------------------------------------------
              (Former Name, Former Address and Former Fiscal Year,
                          if Changed Since Last Report)


      Check  whether the issuer:  (1) filed all reports  required to be filed by
Section 13 or 15(d) of the  Exchange  Act during the past 12 months (or for such
shorter period that the  registrant was required to file such reports),  and (2)
has been subject to such filing requirements for past 90 days.    Yes     No
                                                               ---     ---

                     APPLICABLE ONLY TO ISSUERS INVOLVED IN
                        BANKRUPTCY PROCEEDINGS DURING THE
                              PRECEDING FIVE YEARS

      Check whether the registrant  filed all documents and reports  required to
be filed by Section 12, 13, or 15 (d) of the Exchange Act after the distribution
of securities under a plan confirmed by a court.     Yes     No
                                                  ---     ---

                      APPLICABLE ONLY TO CORPORATE ISSUERS

      State the number of shares  outstanding of each of the issuer's classes of
common equity, as of the latest practicable date:
8,416,000

<PAGE>

                                   MALEX, INC.



                                    I N D E X



                                                                       Page No.
                                                                       --------

Part I         FINANCIAL INFORMATION:

          Item 1.   Balance Sheets                                         3

                    Statements of Operations                               4

                    Statements of Cash Flows                               5

                    Notes to Financial Statements (unaudited)              6

          Item 2.   Management's Discussion and Analysis of
                    Financial Condition and Results of Operations          6

Part II   OTHER INFORMATION                                                7





                                       2
<PAGE>


                                   MALEX, INC.
                          (a development stage company)

                          PART I. FINANCIAL INFORMATION


                            CONDENSED BALANCE SHEETS

                                   (Unaudited)

                                     ASSETS

                                   October 31, 2004   April 30, 2004
                                      (Unaudited)        (Audited)
                                     ------------      ------------

  Cash                               $          3      $          3

Total Assets                         $          3      $          3

                      LIABILITIES AND STOCKHOLDERS' EQUITY


Current Liabilities                  $      6,950      $      6,000

Stockholders' Equity:
  Common stock (number of
  shares authorized 75,000,000,
  issued and outstanding
  8,400,000 shares, par value
  $.00002/sh)                                 168               168

Additional paid in capital                  2,097             2,097

Deficit accumulated during
   the development stage                   (9,212)           (8,262)
Stockholders Equity                        (6,947)           (5,997)

Total Liabilities &
Stockholders' Equity                 $          3      $          3




   The accompanying notes are an integral part of these financial statements.

                                       3
<PAGE>

                                   MALEX, INC.
                          (a development stage company)

                             STATEMENTS OF OPERATION

                                   (Unaudited)



                             Six Months Ended    Six Months Ended
                                October 31,        October 31,
                                   2004                2003
                                -----------        -----------

Income                          $      --          $      --


Expenses - General and
  Administrative                $       950        $       950

Net Income (Loss)               $      (950)       $      (950)

Earnings per common share*                *                  *

*(less than $0.001 per
  share)

Weighted average number of
  shares outstanding              8,416,000          8,416,000









        The accompanying notes are an integral part of these statements.

                                       4
<PAGE>

                                  MALEX, INC.
                         (a development stage company)

                            STATEMENTS OF CASH FLOWS


                                            Six Months Ended    Six Months Ended
                                            October 31, 2004    October 31, 2003
                                            ----------------    ----------------
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net income (loss)                           $      (950)        $      (950)

ADJUSTMENTS TO RECONCILE NET GAIN (LOSS) TO
  NET CASH FROM OPERATING ACTIVITIES:
  Accounts payable and accrued expenses               950                 950

  Net cash used by operating activities              --                  --

CASH FLOW FROM INVESTING ACTIVITIES:
     Net cash used by investing activities           --                  --

CASH FLOW FROM FINANCING ACTIVITIES:
  Net cash provided by financing activities          --                  --




NET INCREASE (DECREASE) IN CASH                      --                  --

BEGINNING CASH BALANCE                                  3                   3

CASH BALANCE AT END OF PERIOD                 $         3         $         3






   The accompanying notes are an integral part of these financial statements.

                                       5
<PAGE>

                          NOTES TO FINANCIAL STATEMENTS
                                   (UNAUDITED)

Item 1.   Financial Statements

The accompanying unaudited financial statements have been prepared in accordance
with the instructions to Form 10-Q and do not include all of the information and
footnotes  required by generally  accepted  accounting  principles  for complete
financial statements.

In the opinion of management,  all adjustments  (consisting of normal  recurring
accruals) considered necessary for a fair presentation have been included. These
statements should be read in conjunction with the audited  financial  statements
and notes thereto  included in the  Registrant's  Form 10-KSB for the year ended
April 30, 2003.

Item  2.    Management Discussion and Analysis of Financial Condition
and Results of Operations

The  period  ended  October  31,  2004  showed a loss of  $(950)  compared  with
$(950)for the previous year.

Registrant has no operations or  substantial  assets and intends to seek out and
obtain  candidates with which it can merge or whose  operations or assets can be
acquired through the issuance of common stock and possibly debt.

It is the present expectation of the Management of Registrant that in connection
with any such merger or  acquisition of operations or assets that the Management
of Registrant  will be  transferred  to the new  controlling  shareholders.  The
Management of Registrant intends to negotiate covenants with any such company or
controlling  shareholders that it/they will maintain  Registrant's  registration
with the  Securities  and  Exchange  Commission,  comply  with the  terms of its
Articles of  Incorporation  and Bylaws in all respects,  maintain and promote an
orderly market in  Registrant's  Common Stock and otherwise  treat  Registrant's
shareholders fairly.

Liquidity and Capital Resources

Registrant  is a  development-stage  company and has not  conducted any business
operations as yet. The  Registrant's  cash resources and liquidity are extremely
limited.  The  Registrant  has no  assets  to use as  collateral  to  allow  the
Registrant to borrow,  and there is no available  external funding source. If no
combination  partner  can  be  found  within  twelve  months,   Registrant  will
experience  severe  cash flow  difficulties.  Registrant's  principal  needs for
capital are for  Securities  and  Exchange  Commission  reporting  requirements,
bookkeeping and professional fees.

                                       6
<PAGE>


                    PART II.   OTHER INFORMATION


Item 6.   Exhibits and Reports on Form 8-K

           3(1)  Articles of Incorporation:
                    Incorporated by reference to Registration Statement filed on
                    April 10, 1987; File No. 33-10894

           3(2)  Bylaws: Incorporated by reference as immediately above.

           31(1) Certification of Chief Executive Officer Pursuant to
                 Rule 13a-14(a) or Rule 15d-14(a):

           31(2) Certification of Chief Financial Officer Pursuant to
                 Rule 13a-14(a) or Rule 15d-14(a).

           32(1) Certification of Chief Executive Officer Pursuant to
                 Rule 13a-14(b) or Rule  15d-14(b) and 18 U.S.C. Section 1350,
                 as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act
                 of 2002.

           32(2) Certification of Chief Financial Officer Pursuant to
                 Rule 13a-14(b) or Rule  15d-14(b) and 18 U.S.C. Section 1350,
                 as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act
                 of 2002.

       (b)  Reports on Form 8-K: NONE


                                   SIGNATURES


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 thereto duly authorized.



                                          MALEX, INC.
                                          (Registrant)



                                          By:   /s/ Daniel Wettreich
                                          --------------------------
                                          DANIEL WETTREICH, PRESIDENT


Date: November 22, 2004




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