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  October 31, 1999

             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.)



                  6959 Arapaho, Suite 122, Dallas, Texas  75248
                      (Address of Principal Executive Offices)

                                     (972) 386-8907
                  (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.
        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:
        8,400,000
        <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
        <PAGE>
                                     MALEX, INC.
                            (a development stage company)

                           PART I.  FINANCIAL INFORMATION


                              CONDENSED BALANCE SHEETS

                                     (Unaudited)

        <TABLE>
        <S>                                     <C>            <C>
                                       ASSETS

                                          October 31, 1999April 30, 1999
                                             (Unaudited)   (Audited)

          Cash                                $      3      $      3

        Total Assets                          $      3      $      3


                        LIABILITIES AND STOCKHOLDERS' EQUITY


        Current Liabilities                   $      -      $      -

        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     (2,262)

        Total Liabilities &
        Stockholders' Equity                  $      3      $      3

        </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>


                                          Six Months Ended
                                             October 31,
                                         1999           1998


        Income                       $       -       $     -

        Expenses - General and
          Administrative             $       -       $     -

        Net Income (Loss)            $       -       $     -

        Earnings per common share*         *               *

        *(less than $0.001 per
          share)

        Weighted average number of
          shares outstanding            8,400,000       8,400,000
        </TABLE>



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

                                     MALEX, INC.
                            (a development stage company)

                              STATEMENTS OF CASH FLOWS
        <TABLE>
        <S>                                 <C>             <C>
                                           Six Months     Six Months
                                             Ended              Ended
                                        October 31, 1999  October 31, 1998
        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                    3               470

        CASH BALANCE AT END OF PERIOD      $      3       $       470

        </TABLE>

        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-QSB  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, 1999.

        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.

        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.

        Year 2000 Readiness Disclosure

        The   Company   is   aware  of the  issues   associated   with    the
        programming  code  in existing  computer systems  as the   year  2000
        approaches.   The issue  is whether  computer systems  will  properly
        recognize date-sensitive information when the  year changes to  2000.
        The Company presently believes  that the Year 2000  issue  will   not
        pose  significant  operational problems  for  the  Company's computer
        systems and  will  not  have a  material  adverse  effect   on    the
        Company's financial condition or results of operations.

        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:  November 12, 1999