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

                                   FORM 10-QSB

     (Mark One)

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

     For the quarterly period ended  January 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)


                                  (214) 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.
   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:  11,250,000
<PAGE>

                                   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

<PAGE>
<TABLE>
                                  MALEX, INC.
                          (a development stage company)

                         PART I.  FINANCIAL INFORMATION


                            CONDENSED BALANCE SHEETS

                                   (Unaudited)

                                     ASSETS

                                      January 31, 1996                                            6 April 30, 1995
                                  (Unaudited)    (Audited)  
<S>                                    <C>           <C> 
  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 


The accompanying notes are an integral part of these financial statements.
</TABLE>
<PAGE>
<TABLE>
                                   MALEX, INC.
                          (a development stage company)

                             STATEMENTS OF OPERATION

                                  (Unaudited) 
                                                  

                                                                                                          
                                 Nine Months Ended
                                     January 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         11,250,000       11,250,000


The accompanying notes are an integral part of these statements.
</TABLE>
<PAGE>
<TABLE>
                                   MALEX, INC.
                          (a development stage company)

                            STATEMENTS OF CASH FLOWS 
                                                              
                                     Nine Months    
                                         Ended      
                                  January 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                        10   

CASH BALANCE AT END OF PERIOD              $  10   


The accompanying notes are an integral part of these financial statements.
</TABLE>
<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, 1995. 

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:  March 14, 1996