<PAGE>


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

	FORM 10-QSB


	(Mark One)

	xQuarterly report under Section 13, or 15 (d) of the Securities Exchange Act 
  of 1934

	For the quarterly period ended  January 31, 1998 

	oTransition 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.)

           2415 Midway Road, Suite 121, Carrollton, Texas   75006    
	(Address of Principal Executive Offices)

                  (972) 733-3005                        
	(Issuer's Telephone Number, Including Area Code)


     17770 Preston Road, Dallas, Texas   75252       
	(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.
xYes	oNo
	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.
oYes	oNo

	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:  11,250,000




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	MALEX, INC.



	I N D E X


                                                  
									    Page No.

Part I		FINANCIAL INFORMATION:

		Item 1.	Balance Sheets						2

				Statements of Operations			3

				Statements of Cash Flows			4

				Notes to Financial 
				Statements (unaudited)			5

		Item 2.	Management's Discussion
				and Analysis of Financial
				Condition and Results of
				Operations					5

Part II	OTHER INFORMATION						6


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	MALEX, INC.
	(a development stage company)
	PART I.  FINANCIAL INFORMATION

	CONDENSED BALANCE SHEETS
	(Unaudited)

	ASSETS

<TABLE>
<S>                                                                                          <C>	                         <C>	
	January 31, 1998	April 30, 1997
	(Unaudited)	(Audited)

  Cash	$	10 	$	10 

Total Assets	$	10 	$	10 


	LIABILITIES AND STOCKHOLDERS' EQUITY


Note Payable - Affiliate	$	540 	$	540 

Stockholders' Equity:
  Common stock (number of 
  shares authorized 25,000,000,        
  issued and outstanding  
  11,250,000 shares, par value	 
  $.001/sh)		11,250 		11,250 

Retained earnings (deficit)		(11,780)		(11,780)

Total Liabilities &
Stockholders' Equity	$	10 	$	10 



</TABLE>



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


<PAGE>

	MALEX, INC.
	(a development stage company)

	STATEMENTS OF OPERATION

	(Unaudited) 
<TABLE>
<S>	                             <C>                         <C>                
   					                              
	                                       Nine Months Ended
                                        		January  31,	
                                	1998                       1997


Income	                     	  $     -                      	$-    

Expenses - General and 
  Administrative	               $     -                    	   -    

Net Income (Loss)	             $	     -     	                 	-    

Earnings per common share             *                      		*    

*(less than $0.001 per 
  share)

Weighted average number of 
  shares outstanding		            11,250,000 		          11,250,000 





</TABLE>


The accompanying notes are an integral part of these statements.




	MALEX, INC.
	(a development stage company)

	                                                              
	STATEMENTS OF CASH FLOWS 

        
				                                 		Nine Months  	Nine Months   
					                                    	 Ended      	Ended      
						                              January 31, 1998  	January 31, 1997
CASH FLOWS FROM OPERATING 
	ACTIVITIES:	

Cash Received From Customers	                  $	-       	$	-       

	Cash Paid to Employees and
		Other Suppliers of Goods
			and Services                                 		-       		-       

NET CASH PROVIDED (USED) BY
	OPERATING ACTIVITIES                           		-       		-       
 
NET CASH PROVIDED (USED) BY
	INVESTING ACTIVITIES	                            	-       		-       
  
NET CASH PROVIDED (USED) BY
	FINANCIAL ACTIVITIES	                            	-       		-       

NET INCREASE (DECREASE) IN CASH	                  	-       		-       
 
BEGINNING CASH BALANCE	                           	10       		10       

CASH BALANCE AT END OF PERIOD                   	$	10       	$	10       








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


<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-K for the 
year ended April 30, 1997. 

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

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.  Following a
 distribution of its common stock to the shareholders of Forme Capital, Inc.
 ("Forme") the Registrant has approximately 1,000 shareholders.

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 Manage
ment 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 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 Company's cash resources and liquidity are extremely
 limited.  The Company has no assets to use as collateral to allow the Company
 to borrow, and there is no available external funding source other than Forme 
which has agreed to provide up to $9,200 for expenses connected with the attempt
 to find a business combination partner.  If no combination partner is found 
within twelve months, Registrant will experience cash flow problems.  The 
Registrant's principal needs for cash come from reporting requirements,
 bookkeeping, and professional fees.




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PART II.   OTHER INFORMATION


Item 6.	Exhibits and 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:  March 9, 1998