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  July 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 115, Carrollton, Texas  75006
              (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.
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                     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>
                            MALEX, INC.
                   (a development stage company)

                   PART I.  FINANCIAL INFORMATION


                      CONDENSED BALANCE SHEETS

                            (Unaudited)

                               ASSETS

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

                                   July 31, 1998 April 30, 1998
                                    (Unaudited)    (Audited)

  Cash                                $   470       $   470

Total Assets                          $   470       $   470


                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

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>
<S>                                        <C>           <C>

                                 Three Months Ended
                                      July 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            8,400,000    30,537,500


</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>


                                  Three Months    Three Months
                                     Ended              Ended
                                 July 31, 1998    July 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                    470              470

CASH BALANCE AT END OF PERIOD      $      470     $        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, 1998.

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.

Year 2000 Issue

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.  Management  is
currently assessing the year 2000 compliance issue.  The Company will
expend  necessary resources to assure that its computer  systems  are
reprogrammed  in  time to deal effectively with transactions  in  the
year  2000  and  beyond. The Company presently  believes  that,  with
modifications  to existing software and conversions to new  software,
the  Year  2000 issue will not pose significant operational  problems
for  the  Company's  computer systems as so  modified,  converted  or
replaced.   The  Company also believes that the cost  of  conversion,
modification  or replacement will not have a material adverse  effect
on  the  Company's  financial condition  or  results  of  operations.
However,  if  such  modifications and conversions are  not  completed
timely  or  third parties on which the Company relies are  unable  to
address this issue in a timely manner, the Year 2000 issue may have a
material impact on the operations of the Company.

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, 1998