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  July 31, 1996

          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.)

                 17770 Preston Road, Dallas, Texas  75252                     
                
                 (Address of Principal Executive Offices)

                            (972)  733-3005                                    
                      
             (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.
  X  Yes          No

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

       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:  
  32,550,000
  <PAGE>

                                     MALEX, INC.

                                      I N D E X
                                                         
                                                         Page No.
  <TABLE>
        Part I         FINANCIAL INFORMATION:
                            <S>                                <C>
                  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
  </TABLE>
  <PAGE>

                                     MALEX, INC.
                            (a development-stage company)

                           PART I.  FINANCIAL INFORMATION

                              CONDENSED BALANCE SHEETS

                                     (Unaudited)
  <TABLE>
                                       ASSETS

                                          July 31, 1996  April 30, 1996
                                           (Unaudited)     (Audited)
        <S>                                  <C>           <C>
          Cash                               $    470      $    470

        Total Assets                         $    470      $    470


                        LIABILITIES AND STOCKHOLDERS' EQUITY


       Current Liabilities                   $   -         $    -

        Stockholders' Equity:
          Common stock (number of
          shares authorized 25,000,000,       
          issued and outstanding 
          32,550,000 shares, par value
          $.00002/sh)                             651           651
        Additional paid in capital              1,614         1,614
        Retained earnings (deficit)            (1,795)       (1,795)

        Total Liabilities &
        Stockholders' Equity                 $    470      $    470
  </TABLE>

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


                                     MALEX, INC.
                            (a development-stage company)

                               STATEMENTS OF OPERATION

                                     (Unaudited)
  <TABLE>                                                       
                                         Three Months Ended
                                              July 31,
                                         1996           1995

        <S>                          <C>             <C>
        Income                       $       -       $       -   

        Expenses - General and
          Administrative             $       -       $       -   

        Net Income (Loss)            $       -       $       -   

        Earnings per common share*           *               *   

        *(less than $0.001 per
          share)

        Weighted average number of
          shares outstanding            32,550,000     32,550,000
  </TABLE>


  The accompanying notes are an integral part of these statements.
  <PAGE>

                                     MALEX, INC.
                            (a development stage company)

                              STATEMENTS OF CASH FLOWS
                                                                     
  <TABLE>
                                                 Three Months
                                                     Ended
                                                 July 31, 1996
        <S>                                          <C>
        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                      470       

        CASH BALANCE AT END OF PERIOD             $ 470       
  </TABLE>

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

                            NOTES TO FINANCIAL STATEMENTS
                                     (UNAUDITED)


        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, 1996.

        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 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  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  severe cash  flow
        difficulties.   Registrant's  principal  needs for  capital  are  for
        Securities   and   Exchange   Commission   reporting    requirements,
        bookkeeping, and professional fees.
  <PAGE>

                            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:  September 14, 1996
 <PAGE>