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 January 31, 2004

         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.)

                18170 Hillcrest, Suite 100, Dallas, Texas, 75252
                    (Address of Principal Executive Offices)

                                 (972) 612 1400
                (Issuer's Telephone Number, Including Area Code)



              (Former Name, Former Address and Former Fiscal Year,
                          if Changed Since Last Report)
                  6959 Arapaho, Suite 100, Dallas Texas 75248


      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:  8,416,000

<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                 6

                    Notes to Financial
                    Statements (unaudited)                   7

          Item 2.   Management's Discussion
                    and Analysis of Financial
                    Condition and Results of
                    Operations                               7

Part II   OTHER INFORMATION                                  8


<PAGE>

                                   MALEX, INC.
                          (a development stage company)

                          PART I. FINANCIAL INFORMATION


                            CONDENSED BALANCE SHEETS

                                   (Unaudited)

                                     ASSETS

                                 January 31, 2004        April 30, 2003
                                    (Unaudited)            (Audited)

  Cash                              $        3            $        3

Total Assets                        $        3            $        3


                      LIABILITIES AND STOCKHOLDERS' EQUITY


Current Liabilities                 $    6,000            $    5,050

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                (8,262)               (7,312)
Stockholders Equity                     (5,997)               (5,047)

Total Liabilities &
Stockholders' Equity                $        3            $        3




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

                                       3
<PAGE>

                                   MALEX, INC.
                          (a development stage company)

                             STATEMENTS OF OPERATION

                                   (Unaudited)



                               Three Months Ended   Three Months Ended
                                   January 31,          January 31,
                                       2004                 2003


Income                             $         -          $         -


Expenses - General and
  Administrative                   $         -          $     2,050

Net Income (Loss)                  $         -          $    (2,050)

Earnings per common share*                   *                    *

*(less than $0.001 per share)

Weighted average number of
  shares outstanding                 8,416,000            8,416,000








                                       4
<PAGE>

                                   MALEX, INC.
                          (a development stage company)

                             STATEMENTS OF OPERATION

                                   (Unaudited)


                              Nine Months Ended    Nine Months Ended
                                 January 31,          January 31,
                                    2003                 2002


Income                          $         -          $         -


Expenses - General and
  Administrative                $       950          $     2,050

Net Income (Loss)               $      (950)         $    (2,050)

Earnings per common share*                *                    *

*(less than $0.001 per share)

Weighted average number of
  shares outstanding              8,416,000            8,416,000














The accompanying notes are an integral part of these statements.

                                       5
<PAGE>

                                   MALEX, INC.
                          (a development stage company)

                            STATEMENTS OF CASH FLOWS



                                  Nine Months           Nine Months
                                     Ended                 Ended
                                January 31, 2004      January 31, 2003
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                     3

CASH BALANCE AT END OF PERIOD     $         3           $         3




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

                                       6
<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-KSB for the year ended
April 30, 2003.

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

The  period  ended  January  31,  2004  showed a loss of  $(950)  compared  with
$(2,050)for  the  previous  year.  This was due to  general  and  administrative
expenses for the period of $(950) compared with $(2,050).

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.

Liquidity and Capital Resources

Registrant  is a  development-stage  company and has not  conducted any business
operations as yet. The  Registrant's  cash resources and liquidity are extremely
limited.  The  Registrant  has no  assets  to use as  collateral  to  allow  the
Registrant to borrow,  and there is no available  external funding source. If no
combination  partner  can  be  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.

                                       7
<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 15, 2004






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