U.S. Securities and Exchange Commission
                             Washington, D.C. 20549

                                  FORM 10-QSB


[X]  QUARTERLY  REPORT  UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
     OF  1934  for  the  quarterly  period  ended  June  30,  2004

[ ]  TRANSITION  REPORT  UNDER  SECTION  13 OR  15(d) OF THE SECURITIES EXCHANGE
     ACT  OF  1934  for  the  transition  period  from  _______  to  _______


                          HAIRMAX INTERNATIONAL CORP.
                          ---------------------------
        (Exact name of small business issuer as specified in its charter)

                              NATIONAL BEAUTY CORP.
                              ---------------------
                          (Former name of registrant)

             Nevada                                     13-3422912
             ------                                     ----------
(State  or  other  jurisdiction  of          (IRS  Employer Identification  No.)
  incorporation  or  organization)


              9900 West Sample Road, Coral Springs, Florida 33065
              ---------------------------------------------------
                    (Address of principal executive offices)

                                 (954) 825-0299
                                 --------------
                          (Issuer's telephone number)


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  the  past 90 days. Yes [x] No [  ]

Number  of  shares  of  common  stock  outstanding  as  of
August  18,  2004:  202,295,501

Number  of  shares  of  preferred  stock  outstanding  as  of
August  18,  2004:  2,850,000



                              INDEX TO FORM 10-QSB
                              --------------------

                                                                       Page  No.
                                                                       ---------

PART  I
-------

Item  1.  Financial  Statements

          Condensed Consolidated Balance Sheet
          - June 30, 2004 (unaudited)                                          3

          Condensed Consolidated Statements of Operations
          - Three and Six Months Ended June 30, 2004
          and 2003 (unaudited)                                                 4

          Condensed Consolidated Statements of Cash Flows
          - Six Months Ended June 30, 2004 and 2003 (unaudited)                5

          Notes to Condensed Consolidated
          Financial Statements (unaudited)                                   6-7

Item  2.  Management's Discussion and Analysis of Financial Condition
          And  Results  of  Operations                                      8-12

Item  3.  Quantitative and Qualitative Disclosures About Market Risk          12

Item  4.  Controls  and  Procedures                                           12

PART  II
--------

Item  1.  Legal  Proceedings                                                  13

Item  2.  Changes  in  Securities                                             13

Item  3.  Defaults Upon Senior Securities                                     14

Item  4.  Submission of Matters to a Vote of Security Holders                 14

Item  5.  Other  Information                                                  14





ITEM  1.
--------


                   HAIRMAX INTERNATIONAL CORP. & SUBSIDIARIES
                      CONDENSED CONSOLIDATED BALANCE SHEET
                        AS OF JUNE 30, 2004 (UNAUDITED)
==============================================================================

                                     ASSETS
                                     ------

CURRENT  ASSETS:
----------------
   Cash and cash equivalents                                    $        2,426
   Marketable securities                                                 5,416
   Inventory                                                               500
                                                                --------------
      TOTAL CURRENT ASSETS                                               8,342

PROPERTY  AND  EQUIPMENT
------------------------
   Property and equipment                                              136,791
   Accumulated depreciation                                            (74,886)
                                                                --------------
      NET FIXED ASSETS                                                  61,905

OTHER  ASSETS:
--------------
   Deposits                                                              8,882
                                                                --------------
      TOTAL OTHER ASSETS                                                 8,882
                                                                --------------

      TOTAL ASSETS                                              $       79,129
                                                                ==============


                      LIABILITIES AND STOCKHOLDERS' DEFICIT
                      -------------------------------------

CURRENT  LIABILITIES
--------------------
   Accounts payable and accrued expenses                        $      100,752
   Shareholder loan payable                                                444
                                                                --------------
      TOTAL CURRENT LIABILITIES                                        101,196
                                                                --------------

STOCKHOLDERS'  DEFICIT
----------------------
   Series A convertible preferred stock
   ($.001 par value; 40,000,000 shares
   authorized, 2,850,000 shares issued and outstanding)                  2,850
   Series B 2% convertible preferred stock
   ($.001 par value; 1,000 shares authorized,
   -0- shares issued and outstanding)                                        -
   Common  stock ($.001 par value, 500,000,000 shares
   authorized; 17,962,501 issued and outstanding)                       17,962
   Additional paid in capital                                        6,671,557
   Retained deficit                                                 (6,714,436)
                                                                --------------
      TOTAL STOCKHOLDERS' DEFICIT                                      (22,067)
                                                                --------------

      TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT               $       79,129
                                                                ==============




          See accompanying notes to consolidated financial statements



<TABLE>
<CAPTION>


                                 HAIRMAX INTERNATIONAL CORP. & SUBSIDIARIES
                         CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
                         FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2004 AND 2003
===============================================================================================================

                                           Three  Months Ended  June  30,         Six  Months Ended  June  30,
                                              2004                2003               2004              2003
                                          ------------        ------------       ------------      ------------
<S>                                       <C>                 <C>                <C>               <C>

REVENUES:
---------
   Sales                                  $    156,540        $    107,483       $    331,909      $    228,581
   Cost of sales                               (68,444)            (53,801)          (112,641)          (99,552)
                                          ------------        ------------       ------------      ------------
      GROSS PROFIT                              88,096              53,682            219,268           129,029

EXPENSES:
---------
   Common stock issued for
   consulting services                         728,378                   -            965,370            10,000
   Preferred stock issued for
   consulting services                          30,000             160,000             30,000           160,000
   Other selling, general and administrative    74,852             144,842            251,122           261,422
                                          ------------        ------------       ------------      ------------
      TOTAL EXPENSES                           833,230             304,842          1,246,492           431,422
                                          ------------        ------------       ------------      ------------

      OPERATING LOSS                      $   (745,134)       $   (251,160)      $ (1,027,224)     $   (302,393)

OTHER  INCOME  (EXPENSE):
-------------------------
   Unrealized gain on marketable
   securities                             $          -        $          -       $        958      $          -
   Interest                                     (1,381)                  -             (2,762)                -
                                          ------------        ------------       ------------      ------------

      NET LOSS                            $   (746,515)       $   (251,160)      $ (1,029,028)     $   (302,393)
                                          ============        ============       ============      ============

   Net  loss  per  share  -
   basic  and  fully  diluted             $      (0.05)       $      (0.44)      $      (0.08)     $      (0.47)
                                          ============        ============       ============      ============

   Weighted average shares outstanding      16,090,906             567,926         13,265,101           638,140
                                          ============        ============       ============      ============


</TABLE>



          See accompanying notes to consolidated financial statements


<TABLE>
<CAPTION>



                             HAIRMAX INTERNATIONAL CORP. & SUBSIDIARIES
                     CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
                           FOR THE SIX MONTHS ENDED JUNE 30, 2004 AND 2003
==========================================================================================================

                                                                                  2004            2003
                                                                              ------------    ------------
<S>                                                                           <C>             <C>

CASH  FLOWS  FROM  OPERATING  ACTIVITIES:
-----------------------------------------
   Net loss                                                                   $ (1,029,028)   $   (302,393)
   Adjustments to reconcile net loss to net cash
   used in operating activities:
      Depreciation                                                                  10,000           5,000
      Preferred stock issued for services                                           30,000         160,000
      Common stock issued for services                                             965,370          10,000
      Unrealized gain on maretable securities                                         (958)              -
      Increase  in  operating  liabilities:
         Accrued interest on shareholder loan payable                                2,762               -
         Accounts payable and accrued expenses                                      20,286           1,226
                                                                              ------------    ------------
         NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES                        (1,568)       (126,167)
                                                                              ------------    ------------

CASH  FLOWS  FROM  INVESTING  ACTIVITIES:
----------------------------------------
   Purchases of property and equipment                                                   -          (3,505)
                                                                              ------------    ------------
         NET CASH (USED IN) INVESTING ACTIVITIES                                         -          (3,505)
                                                                              ------------    ------------

CASH  FLOWS  FROM  FINANCING  ACTIVITIES:
----------------------------------------
   Collections on commn stock issuances                                                  -          95,628
                                                                              ------------    ------------
         NET CASH PROVIDED BY FINANCING ACTIVITIES                                       -          95,628
                                                                              ------------    ------------

         NET DECREASE  IN CASH AND CASH EQUIVALENTS                                 (1,568)        (30,539)

CASH  AND  CASH  EQUIVALENTS,
   BEGINNING OF THE PERIOD                                                           3,994          98,837
                                                                              ------------    ------------

   END OF THE PERIOD                                                          $      2,426    $     64,793
                                                                              ============    ============

SUPPLEMENTARY  CASH  FLOW  INFORMATION  OF  NON-CASH  FINANCING:
----------------------------------------------------------------
   Common stock issued for services                                           $    965,370    $          -
                                                                              ============    ============
   Preferred stock issued for services                                        $     30,000    $          -
                                                                              ============    ============
   Interest paid                                                              $          -    $          -
                                                                              ============    ============
   Income taxes paid                                                          $          -    $          -
                                                                              ============    ============


</TABLE>


          See accompanying notes to consolidated financial statements





              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
              ----------------------------------------------------
                   HAIRMAX INTERNATIONAL CORP. & SUBSIDIARIES
                            June 30, 2004 (UNAUDITED)

NOTE  1  -  BASIS  OF  PRESENTATION

The accompanying unaudited condensed consolidated financial statements have been
prepared  in  accordance  with  accounting  principles generally accepted in the
United  States  of America for interim financial information and pursuant to the
rules  and  regulations  of the Securities and Exchange Commission. Accordingly,
they  do  not include all of the information and footnotes required by generally
accepted  accounting  principles  for  complete  financial  statements.

In  the  opinion  of  management, the unaudited condensed consolidated financial
statements  contain all adjustments consisting only of normal recurring accruals
considered  necessary to present fairly the Company's financial position at June
30,  2004,  the  results of operations for the three and six month periods ended
June  30,  2004 and 2003, and cash flows for the three and six months ended June
30,  2004  and  2003.  The  results  for  the period ended June 30, 2004 are not
necessarily  indicative of the results to be expected for the entire fiscal year
ending  December  31,  2004.  These  financial  statement  should  be  read  in
conjunction  with the financial statements and notes for the year ended December
31,  2003  appearing in the Company's annual report on Form 10-KSB as filed with
the  Securities  and  Exchange  Commission.

Revenue  Recognition-  Revenue  for  the  residential  cleaning  operations  is
--------------------
recognized  when  cleaning  services  are  performed.  Revenues for beauty salon
services  are  recognized  when  the  services are rendered. Revenues for beauty
products  are  recognized  when the retail products are sold at the beauty salon
locations

Management's  Use  of  Estimates  -  The  preparation of financial statements in
--------------------------------
conformity  with  accounting  principles generally accepted in the United States
requires  management  to make estimates and assumptions that affect the reported
amounts  of  assets  and  liabilities  and  disclosures of contingent assets and
liabilities  at  the  date  of  financial statements and the reported amounts of
revenues  and  expenses during the reporting period. Actual results could differ
from  those  estimates.

Loss  Per  Share  -  We  report  loss  per share in accordance with Statement of
----------------
Financial  Accounting  Standard  (SFAS)  No.128.  This  statement  requires dual
presentation  of  basic and diluted earnings (loss) with a reconciliation of the
numerator and denominator of the loss per share computations. Basic earnings per
share amounts are based on the weighted average shares of common outstanding. If
applicable,  diluted earnings per share would assume the conversion, exercise or
issuance of all potential common stock instruments such as options, warrants and
convertible  securities,  unless  the  effect  is  to  reduce a loss or increase
earnings  per  share.  There  were  no  adjustments required to net loss for the
period  presented  in  the  computation  of  diluted  earnings  per  share.

NOTE  2  -  SEGMENT  INFORMATION

Based on the criteria established by SFAS 131, "Disclosures about Segments of an
Enterprise  and  Related  Information,"  the  Company  operates in two principal
business  segments  -  (1)  residential  cleaning  service and (2) retail beauty
salons.  In  accordance  with  SFAS 131, the Company is required to describe its
reportable  segments  and  provide  data  that  is consistent with the data made
available  to the Company's management to assess performance and make decisions.
Information  from  the  internal  management reports may differ from the amounts
reported  under  generally  accepted  accounting  principles.  The assets of the
discontinued  subsidiary  are reflected as corporate assets. Summarized revenues
and  expense  information by segment for the three and six months ended June 30,
2004 and 2003, as excerpted from the internal management reports, is as follows:

                                     2004                        2003
                                     ----                        ----
                             6  Mos.       3  Mos.       6  Mos.       3  Mos.
                          -----------   -----------   -----------   -----------

Revenue:
--------
Residential  cleaning     $    94,903   $    35,359   $   112,111   $    47,661
Beauty  salons                237,006       111,181       116,470        59,822
                          -----------   -----------   -----------   -----------
                          $   331,909   $   156,540   $   228,581   $   107,483

Net  Loss:
----------
Residential cleaning      $  (828,059)  $  (599,685)  $  (276,230)  $   (69,087)
Corporate                    (123,198)      (89,251)      (47,935)      (31,910)
Beauty  salons                (77,771)      (57,579)       21,772      (150,163)
                          -----------   -----------   -----------   -----------
                          $(1,029,028)  $  (746,515)  $  (302,393)  $  (251,160)

Identifiable  Assets:
---------------------
Residential  cleaning     $     2,000                 $     9,050
Corporate                       1,363                      87,936
Beauty  salons                 75,766                      12,500
                          -----------                 -----------
                          $    79,129                 $   109,486

NOTE  3  -  COMMITMENTS

The  Company  is  committed  to two employment agreements through April 1, 2007.
Pursuant  to  the  agreements,  two  of  the  Company's  officers  and  majority
shareholders  shall  receive  total  combined  annual salaries of $325,000 and a
combined  300,000  preferred  shares  per  annum.

NOTE  4  -  COMMON  STOCK  AND  RELATED  PARTY  TRANSACTIONS

During  the  three months ended June 30, 2004, we issued 5,109,000 and 1,597,393
shares  of  our  common  stock  for  services  rendered  by officers and outside
consultants,  respectively.  The  shares  were  valued  at  the date of issuance
yielding  an  aggregate fair value of $561,180 and $167,198 for shares issued to
officers  and  outside  consultants,  respectively.

During  the quarter ended June 30, 2004, we issued 300,000 shares of its Class A
preferred stock for services rendered by our officers. The shares were valued at
the date of issuance yielding an aggregate fair value of $30,000 and were issued
pursuant  to  their  employment  contracts.

During  the  quarter  ended June 30, 2004, we issued 1,000,000 shares of Class A
preferred  stock  to  our  officer in exchange for satisfaction of a shareholder
loan  payable  due  to  the  officer  in  the  amount  of $70,000 approximately.

NOTE  5  -  SUBSEQUENT  EVENTS  IN  EQUITY  AND  CORPORATE  TRANSACTIONS

On  July  1,  2004, we filed an election with the Commission pursuant to Section
54(a)  of  the  Investment Company Act of 1940 (the "Act"), to be subject to the
provisions  of  sections 55 through 65 of the Act and be regulated as a Business
Development  Company  (a  "BDC").  Form 8-K and the related press release, which
provides some background information on the this election, were filed on July 2,
2004.

In  connection  with  our  election  to  become  a BDC, we are in the process of
appointing  a  Board  of  Directors  composed  of  a  majority of non-interested
directors,  as  well  as  an  Investment  Committee  composed  entirely  of
non-interested  directors  which  will  make  recommendations  with  respect  to
investment opportunities that the Registrant submits to the Investment Committee
for  consideration.

In  addition,  we  filed  an amendment to our Articles of Incorporation with the
Secretary  of  State  of  Nevada  to increase the number of shares of authorized
common stock from 100,000,000 to 500,000,000 shares. This was done to facilitate
the  planned  offering  of  shares  of  common  stock  for  sale pursuant to the
exemption  afforded  by  SEC  Reg.  Sections  230.601  to  230.610a.

Finally,  we  filed  a Certificate of Amendment to Certificate of Designation of
the  Rights and Preferences of the Series A Convertible Preferred Stock with the
Secretary  of  State  of  Nevada to (1) eliminate the existence of a liquidation
preference  for  the  Series A Convertible Preferred Stock, and (2) increase the
Conversion  Ratio from ten (10) shares of fully paid and nonassessable shares of
Common  Stock  for  each  share  of  Series A Convertible Preferred Stock to two
hundred  (200) shares of fully paid and nonassessable shares of Common Stock for
each  share  of  Series  A  Convertible Preferred Stock. Such an increase in the
Conversion Ratio of the Series A Convertible Preferred Stock may have the effect
of  preventing  the  significant  dilution  in management's ownership stake that
would  ordinarily  result  from  the  large  scale  equity  financings which are
currently  under  consideration.

On  July 30, 2004, we entered into a signed Share Purchase Agreement and related
Promissory  Notes  and  Security  Agreements  with Southern Securities, Inc. The
aforementioned  agreements  and  documents  were  subsequently  terminated after
receiving  the  first  tranche  as  discussed  below.

Pursuant  to  an  offer  under  an  Offering  Memorandum  as filed with the U.S.
Securities and Exchange Commission as an attachment to a Form 1-E filed by us on
or  about July 12, 2004, we are entitled to sell those authorized and registered
common  shares.

The purchase price for the aforementioned shares was $65,500 in cash received by
us  subsequent  to  the  second  quarter.  In connection with the Share Purchase
Agreement  and  related  Promissory  Notes and Security Agreements with Southern
Securities,  Inc,  we  issued  9,333,000  shares of our common stock to Southern
Securities,  Inc.  pursuant to the Share Exchange Agreement entered into on July
30,  2004.  Of  this  amount,  7,633,000  shares  of  our common stock are being
returned  since this agreement was mutually terminated by both parties on August
18,  2004  via  a  signed  Simplified  Agreement  of  Resolution.

Subsequent  to  June  30,  2004,  we issued 175,000,000 shares of our restricted
common  stock  to one of our officers. The common shares were issued because the
officer  converted  875,000  shares  of his preferred stock at a 200 for 1 ratio
into  175,000,000  restricted  common  shares.

NOTE  6  -  GOING  CONCERN

We  have  suffered  recurring  losses  from  operations, have a negative working
capital  and  have  a stockholders' deficit as of June 30, 2004. In addition, we
have  yet  to generate an internal cash flow from its business operations. These
factors  raise  substantial  doubt  as  to  our  ability  to continue as a going
concern.

Management's plans with regard to these matters encompass the following actions:
1)  obtain  funding  from  new investors to alleviate our capital deficiency, 2)
implement  a plan  focusing on developing and expanding our subsidiaries through
increased sales and marketing efforts, and 3) develop a new acquisition strategy
to  acquire  small,  privately  held  hair  salons.  Our  continued existence is
dependent  upon  its  ability  to  resolve  it  liquidity  problems and increase
profitability  in  its  current  business  operations.  However,  the outcome of
management's  plans  cannot  be  ascertained  with  any degree of certainty. The
accompanying  consolidated  financial  statements do not include any adjustments
that  might  result  from  the  outcome  of  these  risks  and  uncertainties.

ITEM  2.  MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OR  PLAN  OF  OPERATION
--------

HairMax  International,  Inc.  is  hereby  providing  cautionary  statements
identifying  important  factors  that  could  cause our actual results to differ
materially  from  those  projected  in  forward  looking statements made in this
quarterly  report  on  Form  10-QSB.  Any  statements  that  express, or involve
discussions  as  to,  expectations,  beliefs,  plans, objectives, assumptions or
future events or performance (often, but not always, through the use of words or
phrases  such  as  "likely will result," "are expected to," "will continue," "is
anticipated,"  "estimated,"  "intends,"  "plans"  and  "projection")  are  not
historical facts and may be forward-looking statements and involve estimates and
uncertainties  which  could cause actual results to differ materially from those
expressed  in  the  forward-looking statements. Accordingly, any such statements
are  qualified  in  their  entirety by reference to, and are accompanied by, the
following  key  factors that have a direct bearing on our results of operations:
the  absence  of  contracts with customers or suppliers; our ability to maintain
and  develop  relationships  with  customers  and  suppliers;  our  ability  to
successfully  integrate  acquired  businesses  or  new  brands;  the  impact  of
competitive products and pricing; supply constraints or difficulties; changes in
the  retail  and  beauty  industries;  the  retention  and  availability  of key
personnel;  and  general  economic  and  business  conditions.

We  caution  that  the  factors  described  herein could cause actual results to
differ  materially  from  those  expressed in any forward-looking statements and
that  the  investors should not place undue reliance on any such forward-looking
statements. Further, any forward-looking statement speaks only as of the date on
which  such  statement  is  made,  and  we undertake no obligation to update any
forward-looking  statement  to reflect events or circumstances after the date on
which  such  statement  is  made  or  to reflect the occurrence of unanticipated
events  or  circumstances.  Consequently,  no  forward-looking  statement can be
guaranteed.

New  factors  emerge from time to time, and it is not possible for us to predict
all  such  factors.  Further, we cannot assess the impact of each such factor on
our  results  of operations or the extent to which any factor, or combination of
factors,  may  cause actual results to differ materially from those contained in
any  forward-looking  statements.

Overview
--------

Hairmax  International  Corp., formerly known as National Beauty Corp, Inc., was
incorporated  in  Nevada in 1987. The company has primarily operated through its
wholly owned subsidiaries, Cleaning Express USA, Hair Max of Florida, Inc. f/k/a
Beauty Works USA, Inc. and Hairmax of Nevada, Inc. Cleaning Express USA, Inc. is
a  full  service  cleaning company offering daily residential cleaning services,
carpet  cleaning  and  other  related services in the South Florida area. During
April  2000, the company began operations as an e-commerce distributor of beauty
products  under its Beauty Merchant, Inc. subsidiary and ceased these operations
in  2001. Hairmax International currently offers hairstyling beauty services and
products  through its retail beauty salons in the South Florida area through its
Hair Max of Florida, Inc. subsidiary. Hairmax International intends to operate a
chain  of haircutting stores, located inside or next to major retailers, through
Hair  Max  subsidiaries.

Hairmax  International's business plan entails developing hairstyling salons and
marketing  the company's services, through a niche concept, "WE STYLE FOR LESS",
including  marketing  our  own  private  label  beauty  products  through  these
operations.  Hairmax  International  is  also  pursuing  the  development of its
"HAIRMAX"  franchise  concept, which it expects to launch and market in 2005, we
expect  to  have five operating salons, in place, and a training center in South
Florida. We are presently working with several business development consultants,
and  plans  to  pursue  celebrity  affiliation with the Hairmax concept, and the
franchise development program. There are currently three HairMax stores in South
Florida.  HairMax  of  Nevada,  inc.  currently  operates  two stores in Nevada.
Overall  we plan on acquiring existing salon operations, from private owners. In
our  opinion,  we  will  be  able to increase sales significantly, by purchasing
successful  salon  operations,  and  add  them  to  our  portfolio of developing
companies.  We  recently  targeted  several  potential  salons,  and  expects
aggressively  seek  to  purchase  them,  if we are successful in negotiating for
acquisition  plans  to  expand  internationally.

We  expect to add at least 18 employees, through our subsidiary companies during
the next 12 months to our retail operations. We are unable to determine how many
additional  employees  will  be  required  for support operations. The corporate
staff  of  four  office  employees and various consultants that are presently on
staff  will  manage  new  employees.

Initial  plans are for multiple store locations in South Palm Beach County, Dade
County  and  Broward  County,  Florida,  as  soon  as  appropriate locations are
selected.  In  June  2002, the company made application with the U.S. Patent and
Trademark  office, to gain exclusive rights to the name and logo for "Hair Max",
the  registration  is  still  pending.

RESULTS  OF  OPERATIONS
-----------------------

Net  Loss

We  had net losses of $(746,515) and $(251,160), or $(.05) and $(.44) per common
share  three ended June 30, 2004 and 2003, respectively. We had $(1,029,028) and
$(302,393)  or  $(.08)  and  $(.47),  for the six months ended June 30, 2004 and
2003,  respectively.  The change in net loss was primarily due to an increase in
common  shares  issued  for  professional services rendered and compensation for
officers.

Sales

Cleaning revenues decreased $12,302 or 26% to $35,359 for the three months ended
June  30,  2004, from $47,661 for the three months ended June 30, 2003. Cleaning
revenues  decreased  $17,208 or 15% to $94,903 for the six months ended June 30,
2004,  from  $112,111  for  the six months ended June 30, 2003. The decrease was
primarily  due  to a decline in cleaning division demand in the first and second
quarters of 2004 compared to the comparable periods in 2003. The Company is also
concentrating more on its beauty salon segment. Average selling prices and gross
margins  remained  fairly  constant.

Beauty  salon revenues increased $51,359 or 86% to $111,181 for the three months
ended June 30, 2004 as compared with $59,822 for the three months ended June 30,
2003.  Beauty  salon revenues increased $120,536 or 103% to $237,006 for the six
months  ended  June  30, 2004 as compared with $116.470 for the six months ended
June  30,  2003.  The  increase  in  the  first  and second quarters of 2004 was
primarily  due  increased demand due to stores being matured in the areas opened
and  the  opening  of  new  stores.

Expenses

Selling,  general,  and  administrative expenses for the three months ended June
30,  2004  increased  $528,388 or 174% to $833,230. In comparison with the three
month  period  ended  June  30,  2003 amount of $304,842, consulting and payroll
increased  due  to common stock issuances for professional services rendered and
salaries  for  officers  in  the  second  quarter of 2004. Selling, general, and
administrative  expenses  for  the  six  months  ended  June  30, 2004 increased
$815,070  or  189%  to $1,246,492. In comparison with the six month period ended
June 30, 2003 amount of $431,422, consulting and payroll increased due to common
stock  issuances for professional services rendered and salaries for officers in
the  first and mainly second quarter of 2004. There were 1,626,250 common shares
issued to consultants and officers in the first quarter of 2004 that were valued
at  the  closing  stock  prices at the dates of issuances, or $236,992 in total.
During  the  three months ended June 30, 2004, we issued an additional 5,109,000
and  1,597,393  shares of our common stock for services rendered by officers and
outside  consultants,  respectively.  The  shares  were  valued  at  the date of
issuance  yielding  an  aggregate fair value of $561,180 and $167,198 for shares
issued  to  officers  and  outside  consultants,  respectively.

During the six months ended June 30, 2004, there were 1,000,000 preferred shares
issued  to  an  officer  in satisfaction of the entire shareholder loan payable.
Also  during  the  six  months  ended June 30, 2004, there were also 250,000 and
50,000  preferred  shares issued to officers as annual compensation according to
the employment agreements with them and as mentioned in Note 3 above. The shares
were valued at the date of issuance yielding an aggregate fair value of $30,000.

Liquidity  and  Capital  Resources

On  June  30,  2004,  we  had  cash  of  $1,426 and a working capital deficit of
$92,854.  This  compares  with  cash  of $3,994 and a working capital deficit of
$139,712  at December 31, 2003. The decrease in cash and working capital deficit
was due to an increase in net loss for the first and second quarters of 2004 and
the  repayment of accounts payable. Operating activities had a net usage of cash
in  the amount of $1,568 during the six months ended June 30, 2004 reflecting an
excess  of  expenditures  over  revenues.

Net  cash  used in operating activities was $1,568 for the six months ended June
30,  2004 as compared with net cash used in operating activities of $126,167 for
the  same  period  ended  June 30, 2003. The decrease in cash used was primarily
attributable  to  a  decrease  in  cash  used in operations for the 2004 period.

Net  cash provided by financing activities was for the six months ended June 30,
2004  was  $-0- as compared with net cash used in financing activities of $3,505
for  the  six  months  ended  June  30,  2003.  The decrease in net cash used in
financing  activities  is attributable to purchases of property and equipment in
the  six  months  ended  June  30,  2003.

ITEM  3.  QUANTITATIVE  AND  QUALITATIVE  DISCLOSURES  ABOUT  MARKET  RISK
--------

We  do  not  have  any material risk with respect to changes in foreign currency
exchange  rates, commodities prices or interest rates. We do not believe that we
have  any  other relevant market risk with respect to the categories intended to
be  discussed  in  this  item  of  this  report.

ITEM  4.  CONTROLS  AND  PROCEDURES
--------

Quarterly  Evaluation  of  Controls

     As  of the end of the period covered by this quarterly report on Form 10-Q,
We evaluated the effectiveness of the design and operation of (i) our disclosure
controls  and  procedures ("Disclosure Controls"), and (ii) our internal control
over  financial  reporting ("Internal Controls"). This evaluation ("Evaluation")
was  performed  by  our  President  and  Chief Executive Officer, Edward A. Roth
("CEO")  and  Michael  J.  Bongiovanni,  our  Chief  Financial  Officer. In this
section,  we  present  the conclusions of our CEO and CFO based on and as of the
date  of the Evaluation, (i) with respect to the effectiveness of our Disclosure
Controls,  and  (ii)  with  respect  to any change in our Internal Controls that
occurred  during the most recent fiscal quarter that has materially affected, or
is  reasonably  likely  to  materially  affect  our  Internal  Controls.

CEO  and  CFO  Certifications

     Attached  to  this  annual  report,  as Exhibits 31.1 and 31.2, are certain
certifications  of  the  CEO  and CFO, which are required in accordance with the
Exchange  Act  and  the  Commission's rules implementing such section (the "Rule
13a-14(a)/15d-14(a) Certifications"). This section of the annual report contains
the  information  concerning  the  Evaluation  referred  to  in  the  Rule
13a-14(a)/15d-14(a)  Certifications.  This  information  should  be  read  in
conjunction with the Rule 13a-14(a)/15d-14(a) Certifications for a more complete
understanding  of  the  topic  presented.

Disclosure  Controls  and  Internal  Controls

     Disclosure  Controls are procedures designed with the objective of ensuring
that  information  required  to  be  disclosed  in  our  reports  filed with the
Commission  under  the  Exchange  Act,  such as this annual report, is recorded,
processed,  summarized  and  reported  within  the  time period specified in the
Commission's  rules  and  forms.  Disclosure Controls are also designed with the
objective  of ensuring that material information relating to the Company is made
known  to the CEO and the CFO by others, particularly during the period in which
the  applicable report is being prepared.  Internal Controls, on the other hand,
are  procedures  which  are  designed with the objective of providing reasonable
assurance  that (i) our transactions are properly authorized, (ii) the Company's
assets  are  safeguarded  against  unauthorized  or  improper use, and (iii) our
transactions  are  properly recorded and reported, all to permit the preparation
of  complete  and  accurate  financial  statements in conformity with accounting
principals  generally  accepted  in  the  United  States.

Limitations  on  the  Effectiveness  of  Controls

     Our management does not expect that our Disclosure Controls or our Internal
Controls  will  prevent all error and all fraud. A control system, no matter how
well  developed  and  operated,  can  provide  only reasonable, but not absolute
assurance that the objectives of the control system are met. Further, the design
of the control system must reflect the fact that there are resource constraints,
and  the  benefits  of  controls  must  be  considered  relative to their costs.
Because  of  the  inherent  limitations in all control systems, no evaluation of
controls can provide absolute assurance that all control issues and instances so
of  fraud,  if  any,  within  the  Company  have  been  detected. These inherent
limitations  include  the  realities  that  judgments in decision -making can be
faulty,  and  that  breakdowns  can  occur  because  of simple error or mistake.
Additionally,  controls  can  be  circumvented  by  the  individual acts of some
persons,  by  collusion  of two or more people, or by management override of the
control.  The  design of a system of controls also is based in part upon certain
assumptions about the likelihood of future events, and there can be no assurance
that  any  design  will  succeed  in  achieving  its stated objectives under all
potential future conditions. Over time, control may become inadequate because of
changes  in conditions, or because the degree of compliance with the policies or
procedures  may  deteriorate.  Because  of  the  inherent  limitations  in  a
cost-effective control system, misstatements due to error or fraud may occur and
not  be  detected.

Scope  of  the  Evaluation

     The  CEO  and  CFO's  evaluation  of  our  Disclosure Controls and Internal
Controls  included  a review of the controls' (i) objectives, (ii) design, (iii)
implementation, and (iv) the effect of the controls on the information generated
for use in this annual report.  In the course of the Evaluation, the CEO and CFO
sought to identify data errors, control problems, acts of fraud, and they sought
to  confirm  that appropriate corrective action, including process improvements,
was  being  undertaken.  This type of evaluation is done on a quarterly basis so
that  the  conclusions  concerning  the  effectiveness  of  our  controls can be
reported  in  our  quarterly  reports  on Form 10-QSB and annual reports on Form
10-KSB.  The overall goals of these various evaluation activities are to monitor
our  Disclosure Controls and our Internal Controls, and to make modifications if
and  as  necessary.  Our  external  auditors  also  review  Internal Controls in
connection  with their audit and review activities. Our intent in this regard is
that  the  Disclosure  Controls  and the Internal Controls will be maintained as
dynamic  systems  that  change  (including  improvements  and  corrections)  as
conditions  warrant.

     Among other matters, we sought in our Evaluation to determine whether there
were  any  significant  deficiencies  or  material  weaknesses  in  our Internal
Controls, which are reasonably likely to adversely affect our ability to record,
process,  summarize  and  report  financial  information,  or  whether  we  had
identified  any  acts of fraud, whether or not material, involving management or
other  employees  who  have  a  significant  role in our Internal Controls. This
information  was  important  for both the Evaluation, generally, and because the
Rule  13a-14(a)/15d-14(a)  Certifications,  Item 5, require that the CEO and CFO
disclose that information to our Board (audit committee), and to our independent
auditors, and to report on related matters in this section of the annual report.
In the professional auditing literature, "significant deficiencies" are referred
to  as  "reportable  conditions".  These  are  control  issues  that  could have
significant  adverse  affect  on  the  ability to record, process, summarize and
report  financial  data  in  the  financial statements. A "material weakness" is
defined  in  the  auditing  literature  as  a  particularly  serious  reportable
condition where the internal control does not reduce, to a relatively low level,
the  risk  that  misstatement  cause by error or fraud may occur in amounts that
would  be  material  in relation to the financial statements and not be detected
within  a  timely  period  by  employee in the normal course of performing their
assigned  functions.  We  also sought to deal with other controls matters in the
Evaluation,  and  in  each case, if a problem was identified; we considered what
revisions,  improvements  and/or  corrections  to  make  in  accordance with our
ongoing  procedures.

Conclusions

     Based  upon  the Evaluation, the Company's CEO and CFO have concluded that,
subject to the limitations noted above, our Disclosure Controls are effective to
ensure  that  material  information  relating  to  the  Company is made known to
management,  including  the CEO and CFO, particularly during the period when our
periodic  reports  are  being  prepared,  and  that  our  Internal  Controls are
effective  to  provide  reasonable  assurance  that our financial statements are
fairly  presented  inconformity with accounting principals generally accepted in
the  United  States.  Additionally,  there  has  been  no change in our Internal
Controls that occurred during our most recent fiscal quarter that has materially
affected,  or  is  reasonably  likely  to  affect,  our  Internal  Controls.

PART  II.  OTHER  INFORMATION
---------

Item  1.  Legal  Proceedings

None.

Item  2.  Changes  in  Securities

During  the  three months ended June 30, 2004, we issued 5,109,000 and 1,597,393
shares  of  our  common  stock  for  services  rendered  by officers and outside
consultants,  respectively.

During  the quarter ended June 30, 2004, we issued 300,000 shares of its Class A
preferred  stock  for  services  rendered  by  our  officers.

During  the  quarter  ended June 30, 2004, we issued 1,000,000 shares of Class A
preferred  stock  to  our  officer in exchange for satisfaction of a shareholder
loan  payable  due  to  the  officer.

Item  3.  Defaults  Upon  Senior  Securities

None.

Item  4.  Submission  of  Matters  to  a  Vote  of  Security  Holders

A  majority  of  the  security  holders  voted  to issue common stock to various
officers  and  consultants  during  the  three  months  ended  June  30,  2004.

A majority of the security holders voted to enter into a strategic alliance with
Capital  Resource  Funding,  Inc.  as  mentioned  in  Item  5  below.

A  majority of the security holders voted to proceed with the filing an election
with  the  Commission pursuant to Section 54(a) of the Investment Company Act of
1940,  to  be subject to the provisions of sections 55 through 65 of the Act and
be  regulated  as  a  Business  Development  Company.

A  majority  of  the  security  holders  voted  to proceed with the filing of an
amendment to our Articles of Incorporation with the Secretary of State of Nevada
to  increase the number of shares of authorized common stock from 100,000,000 to
500,000,000  shares.

A  majority  of  the  security  holders  voted  to  proceed with the filing of a
Certificate  of  Amendment  to  Certificate  of  Designation  of  the Rights and
Preferences  of  the  Series A Convertible Preferred Stock with the Secretary of
State  of  Nevada to (1) eliminate the existence of a liquidation preference for
the  Series A Convertible Preferred Stock, and (2) increase the Conversion Ratio
from  ten (10) shares of fully paid and nonassessable shares of Common Stock for
each  share  of Series A Convertible Preferred Stock to two hundred (200) shares
of  fully paid and nonassessable shares of Common Stock for each share of Series
A  Convertible  Preferred  Stock.

A  majority  of the security holders voted to enter into a signed Share Purchase
Agreement  and  related  Promissory  Notes and Security Agreements with Southern
Securities,  Inc.  and  the  subsequent  termination  thereto.

Item  5.  Other  Information

On  June  23,  2004,  we entered into a strategic alliance with Capital Resource
Funding,  Inc.  whereby  the  services  of  such  company will be offered to our
commercial  customers.  In  consideration,  Capital  Resource Funding, Inc. will
provide 200,000 shares of its unregistered common stock to us. We will, in turn,
distribute  these  shares  to  our  shareholders  of record as of June 30, 2004.

Item  6.  Exhibits  and  Reports  on  Form  8-K

(a)  Exhibits  are  incorporated  by  reference.
(b)  On  July  2, 2004, we filed an 8-K regarding the filing of an election with
     the  Commission  pursuant to Section 54(a) of the Investment Company Act of
     1940,  to be subject to the provisions of sections 55 through 65 of the Act
     and  be  regulated  as  a  Business  Development  Company.
(c)  --Signature  page  follows-



                                   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,  thereunto  duly  authorized.



                                        HAIRMAX  INTERNATIONAL,  INC.,
                                       (Registrant)



Date:  August  18,  2004


                                        /S/  Michael  J.  Bongiovanni
                                        -----------------------------
                                        Michael  J.  Bongiovanni
                                        Chief  Financial  Officer


Date:  August  18,  2004


                                        /S/  Edward  A.  Roth
                                        ---------------------
                                        Edward  A.  Roth
                                        Chief  Executive  Officer