<PAGE>



<PAGE>
                 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             Washington, DC 20549

 
                                 FORM 10-QSB

 
X     QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF
      THE SECURITIES EXCHANGE ACT OF 1934.
 
      For the quarterly period ended December 31, 1998
 
                              OR
 
      TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF
      THE SECURITIES EXCHANGE ACT OF 1934.

      For the transition period from ________, 19___ to ________, 19___.


 
                       Commission File Number: 0-17204


                                INFINITY, INC.
       ----------------------------------------------------------------
       (Exact Name of Small Business Issuer as Specified in its Charter)
 


          Colorado                                  84-1070066
-------------------------------         ------------------------------------
(State or Other Jurisdiction of         (IRS Employer Identification Number)
 Incorporation or Organization)
 

                   211 West 14th Street, Chanute, Kansas  66720
          ----------------------------------------------------------
          Address of Principal Executive Offices, Including Zip Code

 
                                (316) 431-6200
                ------------------------------------------------
                (Issuer's Telephone Number, Including Area Code)
 
 

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.

                         X Yes         ---- No

 
There were 11,916,862 shares of the Registrant's Common Stock outstanding as
of December 31, 1998.

<PAGE>


<PAGE>
                                 INFINITY, INC.


                                  FORM 10-QSB

                                     INDEX

 
Part I    Financial Information                             Page Number
 
Item 1.   Financial Information:
 
          Condensed Consolidated Balance Sheets..............        3
 
          Condensed Consolidated Statements of Operations....        4
 
          Condensed Consolidated Statements of Cash Flows....        6
 
          Notes to Financial Statements......................        7
 
Item 2.   Management's Discussion and Analysis or
          Plan of Operations.................................       10
 
Part II:  Other Information..................................       13
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 











                                      2
<PAGE>
 

<PAGE>
                       INFINITY, INC. AND SUBSIDIARIES
                         CONSOLIDATED BALANCE SHEETS
 
               ASSETS                                             (Note)
                                               December 31,      March 31,
                                                   1998            1998
                                               ------------     -----------
CURRENT ASSETS
  Cash                                         $    30,312      $   238,135
  Accounts Receivable, less allowance
   for doubtful accounts                           869,951          281,330
  Inventories                                      171,093          188,576
  Prepaid Expenses                                  82,147           74,258
                                               -----------      -----------
     TOTAL CURRENT ASSETS                        1,153,503          782,299

PROPERTY AND EQUIPMENT, at cost,
  less accumulated depreciation                  3,357,548        4,040,268

OIL AND GAS PROPERTIES, using the full
  cost method, less accumulated depletion                -        4,527,768

INTANGIBLE ASSETS, at cost, less accumulated
  amortization                                     154,095          235,129

INVESTMENT - Evergreen common stock              7,481,250                -
                                               -----------      -----------
     TOTAL ASSETS                               12,146,396        9,585,464
 
               LIABILITIES

CURRENT LIABILITIES
  Accounts Payable                                 468,299          730,664
  Accrued Expenses                                 288,873          237,195
  Deferred revenue                                       -           90,000
  Current portion of long-term debt                933,836          657,204
                                               -----------      -----------
     TOTAL CURRENT LIABILITIES                   1,691,008        1,715,063

LONG-TERM LIABILITIES
  Long-term debt, less current portion
   above                                         1,859,776        2,439,990
                                               -----------      -----------
     TOTAL LIABILITIES                           3,550,784        4,155,053

               STOCKHOLDERS' EQUITY

CAPITAL CONTRIBUTED
  Common stock, par value $.0001, authorized
   300,000,000 shares, issued and outstanding
   11,916,862 shares; 11,313,396 shares              1,191            1,131
  Additional paid-in-capital                    10,602,733        9,768,231
                                               -----------      -----------
     TOTAL CAPITAL CONTRIBUTED                  10,603,924        9,769,362

RETAINED EARNINGS (DEFICIT)                     (2,008,312)      (4,338,951)

     TOTAL STOCKHOLDERS' EQUITY                  8,595,612        5,430,411

     TOTAL LIABILITIES AND STOCKHOLDERS'
      EQUITY                                   $12,146,396      $ 9,585,464
                                               -----------      -----------
The consolidated balance sheet at March 31, 1998 has been derived from the
audited financial statements at that date.

See Notes to Financial Statements
                                      3
<PAGE>

<PAGE>

                        INFINITY, INC. AND SUBSIDIARIES
               CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
 
                                                    Three Months Ended
                                                        December 31,
                                                  1998              1997
                                               -----------      -----------

NET SALES                                      $ 1,260,015      $ 1,062,950

COST OF GOODS SOLD                                 773,366          683,318
                                               -----------      -----------

     GROSS PROFIT                                  486,649          379,632

OPERATING EXPENSES
  Salaries                                         144,571          122,415
  Taxes                                             42,272           54,533
  Consulting fees                                      774            1,645
  Professional Services                             29,960           27,162
  Travel & Entertainment                            18,366           12,664
  Insurance                                         39,251           40,765
  Advertising                                        3,067            4,337
  Office Supplies & Expense                         12,308           13,058
  Telephone                                         17,394           23,551
  Rent & Utilities                                  28,345           33,679
  Depreciation & Amortization                      178,706          189,593
  Other Expenses                                    61,866           13,296
                                               -----------      -----------
     TOTAL OPERATING EXPENSES                      576,880          536,698
 
     OPERATING INCOME (LOSS)                       (90,231)        (157,066)
                                               -----------      -----------

OTHER INCOME (EXPENSE)
  Interest Income & Finance Charges                  2,378            1,142
  Interest Expense                                 (60,773)         (52,525)
  Rent and Other Income                              2,690           28,426
  Gain on sales of assets                        3,136,807                -
                                               -----------      -----------
     TOTAL OTHER INCOME (EXPENSE)                3,081,102          (22,957)

     NET INCOME (LOSS)                         $ 2,990,871      $  (180,023)

     NET INCOME (LOSS) PER COMMON SHARE        $      0.25      $     (0.02)

     Weighted Average Shares Outstanding        11,916,862       10,591,523








See Notes to Financial Statements

                                      4
<PAGE>


<PAGE>
                      INFINITY, INC. AND SUBSIDIARIES
              CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

                                                    Nine Months Ended
                                                        December 31,
                                                  1998              1997
                                               -----------      -----------

NET SALES                                      $ 3,969,387      $ 3,695,014

COST OF GOODS SOLD                               2,426,873        1,888,523
                                               -----------      -----------

     GROSS PROFIT                                1,542,514        1,806,491

OPERATING EXPENSES
  Salaries                                         379,378          315,385
  Taxes                                            143,314          168,763
  Consulting fees                                    5,057            3,115
  Professional Services                             65,534           54,047
  Travel & Entertainment                            46,482           26,317
  Insurance                                        108,992          124,980
  Advertising                                       10,251            7,895
  Office Supplies & Expense                         34,101           29,178
  Telephone                                         61,068           64,199
  Rent & Utilities                                  87,117           99,539
  Depreciation & Amortization                      578,672          543,644
  Other Expenses                                    91,790           35,920
                                               -----------      -----------
     TOTAL OPERATING EXPENSES                    1,611,756        1,472,982
 
     OPERATING INCOME (LOSS)                       (69,242)         333,509

OTHER INCOME (EXPENSE)
  Interest Income & Finance Charges                  5,612            1,967
  Interest Expense                                (188,894)        (116,970)
  Rent and Other Income                             31,356           93,066
  Impairment of Wyoming property                  (585,000)               -
  Gain on sale of gas properties                 3,136,807                -
                                               -----------      -----------
     TOTAL OTHER INCOME (EXPENSE)                2,399,881          (21,937)

     NET INCOME (LOSS)                         $ 2,330,639      $    311,572

     NET INCOME PER COMMON SHARE               $      0.20      $       0.03

     Weighted Average Shares Outstanding        11,705,601        10,255,917









See Notes to Financial Statements

                                      5
<PAGE>
 

<PAGE>
                        INFINITY, INC. AND SUBSIDIARIES
                CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

                                                    Nine Months Ended
                                                        December 31,
                                                  1998              1997
                                               -----------      -----------

CASH FLOWS FROM OPERATING ACTIVITIES
  Net Income                                   $ 2,330,639      $   311,572
  Adjustments to reconcile net loss to
   net cash used in operating activities
     Depreciation and amortization                 578,672          543,644
     Impairment of asset value                     585,000                -
     Loss (Gain) on sale of assets              (3,136,807)          42,978
     (Increase) decrease in operating assets
        Accounts Receivable                       (338,621)         121,992
        Inventories                                 17,483            1,533
        Prepaid Expenses                            (7,889)          (5,876)
     Increase (decrease) in operating
      liabilities
        Accounts Payable                           166,850         (171,535)
        Accrued Expenses                           141,678           (6,772)
        Deferred revenue                           (90,000)         (30,430)
                                               -----------      -----------
     NET CASH PROVIDED BY OPERATING
      ACTIVITIES                                   247,005          807,106

CASH FLOWS FROM INVESTING ACTIVITIES
  Purchase of property and equipment              (245,333)        (250,496)
  Investment in oil and gas properties            (404,784)      (1,501,930)
  Investment in intangible assets                  (20,976)         (58,669)
                                               -----------      -----------

     NET CASH USED IN INVESTING ACTIVITIES        (671,093)      (1,811,095)
                                               -----------      -----------
CASH FLOWS FROM FINANCING ACTIVITIES
  Increase (decrease) in notes payable                   -         (101,000)
  Increase in long-term debt                       402,612          193,795
  Proceeds from issuance of common stock           289,062        1,782,289
  Repayment of long-term debt                     (475,409)        (267,487)
                                               -----------      -----------
     NET CASH PROVIDED BY FINANCING
      ACTIVITIES                                   216,265        1,607,597
                                               -----------      -----------
     NET INCREASE (DECREASE) IN CASH              (207,823)         603,608

CASH, BEGINNING OF PERIOD                          238,135           52,725
                                               -----------      -----------
CASH, END OF PERIOD                            $    30,312      $   656,333
                                               -----------      -----------

See Notes to Financial Statements

                                      6
<PAGE>


<PAGE>
                      INFINITY, INC. AND SUBSIDIARIES
                 NOTES TO FINANCIAL STATEMENTS (UNAUDITED)

(1)  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

     Organization - Infinity, Inc. (Infinity) was organized under the laws of
the State of Colorado on April 2, 1987, primarily for the purpose of engaging
in any lawful business, but intending to acquire business opportunities.

     Principles of consolidation - The accompanying consolidated financial
statements include the accounts of the following companies:

     Parent Company:

        Infinity, Inc.

     Wholly-Owned Subsidiaries:

       Infinity Research and Development, Inc.
       Consolidated Industrial Services, Inc.
          (incorporated during the year ended March 31, 1994)
       L.D.C. Food Systems, Inc.
          (acquired during the year ended March 31, 1994)
       CIS Oil and Gas, Inc.
          (incorporated during the year ended March 31, 1996)
       Consolidated Pipeline, Inc.
          (incorporated during the year ended March 31, 1996)

(2)  EARNING (LOSS) PER SHARE

     Earnings or loss per share is based on the weighted average number of
shares outstanding. The number of shares used in the calculation was
11,705,601 and 10,255,917 for the nine month periods ended December 31, 1998
and 1997, respectively.  Common stock equivalents are not included in the
computation because their inclusion would be anti-dilutive.

(3)  LONG-TERM DEBT

     On February 6, 1998, the Company obtained a $4,000,000 credit facility
from The CIT Group/Credit Finance, Inc. (CIT).   This facility is secured by
substantially all of the assets of its wholly-owned subsidiary, Consolidated
Industrial Services, Inc. and is partially guaranteed by the company's
president. The loan requires monthly interest payments at a rate per annum of
two percent over a bank prime rate.  The facility was originally funded with
$2,700,000 which will be repaid in monthly principal payments of $45,000
through February 2001.  Also available to the company is a revolving line of
credit based on  eighty percent of trade accounts receivable and a line of
credit of $1,000,000 based on the value of equipment purchased in the future.
Proceeds of this facility were used to refinance existing long-term debt, bank
lines of credit and certain other equipment loans and will provide working
capital for the company.

     In connection with the agreement, the company issued a warrant to The CIT
Group to purchase up to 150,000 shares of the company's common stock at an
exercise price of $2.50 per share for the three years from the date of the
agreement.  A warrant allowing the previous lender to purchase 1,250,000
shares of common stock at an exercise price of $2.00 per share expired
unexercised as a result of this refinancing.

                                      7
<PAGE>

<PAGE>
(4)  IMPAIRMENT OF ASSET VALUE

     In October 1996, the Company entered into a five year renewable agreement
to lease wastewater treatment facilities in Chanute, Kansas and Cheyenne,
Wyoming to an outside party.  During August, 1998, these properties were
abandoned by the outside party and operating responsibility was returned to
the Company.  Statement of Financial Accounting Standards No. 121 (SFAS 121),
"Accounting for Impairment of Long-Lived Assets and Long-Lived Assets to Be
Disposed Of", requires that long-lived assets held and used by a Company must
be reviewed for impairment whenever events or changes in circumstances
indicate that the carrying amount of an asset may not be recoverable based on
circumstances at the time of the review.  For purposes of assessing impairment
under this standard, assets are required to be grouped at the lowest level for
which there are separately identifiable cash flows.  Based on information
available at the time of the abandonment, the Company determined that
currently expected future cash flows from the Wyoming facility indicated that
an impairment existed.  As a result, the Company recorded a non-cash charge of
$585,000 which is reflected as a reduction in the net carrying value of
property and equipment.

(5)  BASIS OF PRESENTATION

     The accompanying unaudited consolidated financial statements have been
prepared in accordance with generally accepted accounting principles for
interim financial information.  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, all
adjustments (consisting of normal recurring accruals) considered necessary for
a fair presentation have been included.

(6)  UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS

     The unaudited pro forma condensed consolidated statements of operations
of Infinity, Inc. and Subsidiaries has been derived from the historical
consolidated statements of operations for the nine months ended December 31,
1998, adjusted to reflect the reduced operations and reduced interest expense
expectd to result from the disposition of gas production properties.  The pro
forma condensed consolidated statements of operations have been prepared on
the assumption that the sale transaction occurred on April 1, 1998.

     The pro forma condensed consolidated statements of operations should be
read in conjunction with the Consolidated Financial Statements.  The pro forma
condensed conslidated statements of operations are not necessarily indicative
of the results of operations of the Company that would actually have resulted
had the transaction occurred on April 1, 1998:










                                      8
<PAGE>


<PAGE>
                                    Nine Months Ended December 31, 1998
                                  ----------------------------------------
                                  As Reported    Adjustments     Pro Forma
                                  -----------    -----------     ---------

NET SALES                         $3,969,387     $  (166,569)    $3,802,818
COST OF GOODS SOLD                 2,426,873        (253,907)     2,167,113
OPERATING EXPENSES                 1,611,756         (49,983)     1,567,626
                                  ----------     -----------     ----------
     OPERATING INCOME (LOSS)         (69,242)        137,321         68,079
                                  ----------     -----------     ----------

OTHER INCOME (EXPENSE)
  Interest Expense                  (188,894)         42,965       (145,929)
  Other Income                        36,968               -         36,968
  Impairment of Asset Value         (585,000)              -       (585,000)
  Gain on Sale of Gas Properties   3,136,807      (3,136,807)          -
                                  ----------     -----------     ----------
     TOTAL OTHER INCOME
      (EXPENSE)                    2,399,881      (3,093,842)      (693,961)
                                  ----------     -----------     ----------

     NET INCOME (LOSS)            $2,330,639     $(2,956,521)    $ (625,882)
                                  ----------     -----------     ----------

NET INCOME (LOSS) PER COMMON
  SHARE                           $    (0.20)                    $    (0.05)
                                  ----------                     ----------

WEIGHTED AVERAGE BASIC SHARES
  OUTSTANDING                     11,705,601                     11,705,601
                                  ==========                     ==========


























                                      9
<PAGE>


<PAGE>
ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS

RESULTS OF OPERATIONS

     The oilfield services segment of the Company generated $958,200 in
revenues and $623,195 in cost of sales during the three months ended December
31, 1998, compared to $983,678 in revenues and $583,692 in cost of sales for
the three months ended December 31, 1997.  The operating expenses incurred by
the oilfield services segment of the Company were $364,199 for the three
months ended December 31, 1998 and $379,085 for the three months ended
December 31, 1997.  Net operating income declined to a loss of $29,194 for the
three months ended December 31, 1998 from a profit of $20,901 for the three
months ended December 31, 1997. For the nine months ended December 31, 1998,
this segment generated $3,497,282 in revenues and $2,036,523 in cost of sales,
compared to $3,464,525 in revenues and $1,660,532 in cost of sales for the
nine months ended December 31, 1997.  The operating expenses incurred were
$1,157,485 for the nine months ended December 31, 1998 compared to $1,093,842
for the nine months ended December 31, 1997.  Net operating income declined to
a profit of $303,274 for the nine months ended December 31, 1998 from a profit
of $710,151 for the nine months ended December 31, 1997.  The reduced results
are attributed to the Company's effort to maintain revenues by accepting
contract work at reduced margins, the effect of depressed oil prices and
reduced activity in Colorado. Depreciation and amortization expense included
in operating expenses for the oilfield services division was $436,137 for the
nine months ended December 31, 1998 and $372,107 for the nine months ended
December 31, 1997.

     The environmental services segment of the Company, which resumed
operations of water treatment activities in August 1998 after the facilities
were abandoned, generated $300,789 in revenues and $136,443 in cost of sales
during the nine months ended December 31, 1998.  Operating expenses incurred
by this division were $202,888 for the nine months ended December 31, 1998,
including depreciation and amortization expense of $89,656.  During the nine
months ended December 31, 1997, the Company reported $68,643 in rental income
and $95,000 in revenue from settlement of a licensing agreement with BOC Gases
regarding certain patents and patent applications.  This revenue was offset by
depreciation and amortization expense of $129,045 and the unamortized cost of
those patents and applications of $42,654.

     In October 1996, the Company entered into a five year renewable
management and lease agreement that transferred operating responsibility for
this segment to an outside party.  During August 1998, the outside party
abandoned this management and lease agreement and operating responsibility for
this segment was returned to the Company.  As a result, in accordance with
Statement of Accounting Standards No. 121, the Company recorded a non-cash
charge of $585,000 to reflect an impairment of value of the long-lived assets.
This charge reduces the carrying value of property and equipment but does not
affect the liquidity of the Company.

     The oil and gas production segment of the Company recorded net revenue
from gas sales of $41,027 and operating expenses of $47,850 during the three
months ending December 31, 1998, including $16,456 of depletion expense.  The
Company also recorded net revenue from gas sales of $171,316 and operating
expenses of $303,890 during the nine months ending December 31, 1998,
including $48,054 of depletion and depreciation expense.  This segment
recorded net revenue from gas sales of $79,272 and operating expenses of
$123,027 during the three months ending December 31, 1997, including $16,244

                                      10
<PAGE>


<PAGE>
of depletion and depreciation expense.  The Company also recorded net revenue
from gas sales of $135,489 and operating expenses of $235,629 during the nine
months ending December 31, 1997, including $33,425 of depletion and
depreciation expense.  The Company first recorded revenues from these
properties in July 1997 and the properties remain under development through
December 31, 1998.

     During the last three years, the oil and gas segment invested $5.5
million to acquire property rights to a total of 41,000 acres, drill thirty
and complete twenty gas wells and construct the related pipeline system to
connect to the interstate transportation system. The Company has been troubled
by weather and pipeline and compressor problems which have limited production
of gas from the twenty completed wells.  During August 1998, the Company
entered into an agreement with Evergreen Resources, Inc. under which Evergreen
purchased the gathering system, acquired an interest in the property and
assumed responsibility to manage, operate and develop the properties and
market and transport the produced gas.

     By the end of 1998, Evergreen had run into many of the same problems that
the Company had encountered. The construction of the pipeline system,
landowner resistance, water disposal difficulties, and a changing political
environment suggested that the development of the Long Canyon Leases may have
to be done over a longer period of time even though the primary term of the
Long Canyon lease would expire on December 31, 1999.  Based on these risks,
the Company entered into an agreement with Evergreen, effective December 31,
1998, to sell all of its rights in the properties in exchange for 450,000
shares of Evergreen common stock and payment of $1 million consisting of debt
assumption and cash.  On the date the Company completed this transaction, the
market value of the Evergreen stock was approximately $7,500,000.  The Company
will record a gain on the sale of approximately $3 million and will continue
to participate in the development in the Raton Basin through its ownership of
the Evergreen stock without having to make additional capital contributions.
The Company's interest will not be focused on a single property and its
associated problems, but will be spread throughout all properties owned by
Evergreen.

     Expenses incurred in corporate activities were $201,400 for the nine
months ended December 31, 1998, compared to $199,803 for the nine months ended
December 31, 1997.

LIQUIDITY AND CAPITAL RESOURCES

     As of December 31, 1998, the Company had a working capital deficit of
$537,505 compared to a working capital deficit of $932,764 at March 31, 1998.
The reduction in the working capital deficit is primarily due to the sale of
the gas production properties and the related debt assumption and cash payment
receivable at December 31, 1998.

     During the nine months ended December 31, 1998 cash generated by
operating activities was $247,005 compared to cash generated of $807,106 for
the nine months ended December 31, 1997. The reduction in the amount of cash
generated was primarily due to the reduced profitability of the oilfield
service activities and the production problems experienced in the operation of
the oil and gas segment.



                                      11
<PAGE>


<PAGE>
     Net cash provided by operation of the oilfield services segment was
$739,411 for the nine months ended December 31, 1998.  Net cash provided by
the operation of the environmental services segment was $51,114 after
resumption of operating activities in August 1998. Net cash used by operation
of the oil and gas segment was $84,520   Net cash used by corporate activities
was $196,575 for the nine month period.

     Cash used by investing activities during the nine months ended December
31, 1998, were $671,093 compared to $1,811,095 for the comparable period of
1997.   The decrease is primarily due to reduced level of investment required
by the gas production properties after the  entered into a joint venture to
develop the properties.  Effective December 31, 1998, the  sold its entire
interest in the gas production properties in exchange for 450,000 shares of
Evergreen common stock, assumption by Evergreen of approximately $750,000 of
current liabilities and long-term debt and $250,000 cash which was paid in
January 1999.

     The Company obtained $402,612 in debt on its equipment and receivable
facilities and obtained $289,062 from issuance of common stock in the exercise
of warrants and options during the nine months ended December 31, 1998.  This
cash received from financing activities was reduced by the repayment of
$475,406 of long term debt.  In addition, the  issued 324,299 shares of common
stock, valued at $545,500 to pay consulting fees and acquire production
property in August 1998 in connection with the joint venture.  The value of
the stock is included in the cost of the property sold December 31, 1998.

     On February 6, 1998, the Company obtained a $4,000,000 long-term
financing facility from The CIT Group/Credit Finance collateralized by
substantially all of the tangible property and equipment and accounts
receivable of its wholly-owned subsidiary, Consolidated Industrial Services,
Inc.  This note requires monthly payments of interest at two percent over the
bank prime rate and monthly payments of principal in the amount of $45,000
until maturity, February 1998.  The agreement also contains certain
restrictive covenants with respect to dividends, acquisitions and capital
expenditures.  This note is further secured by the personal guarantee of the
Company's President.  Proceeds from the note were used to refinance $2,500,000
in short-term borrowings and provide additional working capital for the
Company.  This refinancing also allowed warrants to purchase 1,250,000 shares
of common stock to expire unexercised on May 6, 1998.

YEAR 2000 CONCERNS

     The Company has addressed the concerns of potential year 2000 computing
problems, both internally and with external parties and believes that
significant additional costs will not be incurred because of this
circumstance.  Along with third party providers, the Company performed an
evaluation of its computer hardware and software and determined that recent
enhancements and upgrades have brought its systems significantly into
compliance and existing support agreements are adequate to handle remaining
minor issues and any exceptions which may arise.  Based on equipment analysis
and evaluations, the  does not believe that significant operational equipment
modifications are necessary.  The Company is communicating with customers,
vendors and business partners and anticipates that they will be compliant by
the year 2000 resulting in no material impact to the Company.



                                      12
<PAGE>


<PAGE>
                         PART II - OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDING.
 
     On November 4, 1998, the Company's Consolidated Industrial Services, Inc.
("CIS") subsidiary filed a lawsuit in the District Court of Nesho County,
Kansas against Great Plains Environmental, Inc. ("GPE") and its principals in
connection with the termination of GPE's lease of CIS' wastewater treatment
facilities in Cheyenne, Wyoming and Chanute, Kansas.  CIS is seeking damages
in excess of $500,000 for unpaid rent, costs related to CIS regaining control
of the facilities, missing equipment and tools, and attorneys' fees.  CIS is
also seeking damages from certain principals of GPE under personal guarantees
from such persons, and for other reasons.

     In January 1999, GPE and the other defendants filed an answer generally
denying the claims of CIS, and filed a counter-claim alleging that CIS had
locked GPE out of the facilities and misrepresented the condition of the
equipment at these facilities.  GPE is seeking damages in excess of $500,000
from CIS.  CIS has not yet filed an answer to the counter-claim.
 
ITEM 2.  CHANGES IN SECURITIES
 
     Not Applicable

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

     Not Applicable

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
 
     On October 7, 1998, the Company held an Annual Meeting of Shareholders at
which Stanton E. Ross, John C. Garrison, Don W. Appleby, Stephen J. Skaggs,
and Jeffrey L. Dale, were each reelected to the Board of Directors.  In
addition, the Company's shareholders ratified the appointment of Mayer Hoffman
McCann L.C. as the Company's auditors.  The shareholders also voted on, but
did not approve, the Company's 1998 Stock Option Plan.  The following sets
forth the votes cast for, against or withheld, as well as the number of
abstentions and broker non-votes, as to each of the matters presented at the
meeting:

     ELECTION OF DIRECTORS:

         Nominees              For                  Withheld

     Stanton E. Ross      9,199,211 Shares       297,706 Shares
     John C. Garrison     9,206,511 Shares       290,406 Shares
     Don W. Appleby       9,220,911 Shares       276,006 Shares
     Stephen J. Skaggs    9,020,011 Shares       476,906 Shares
     Jeffrey L. Dale      9,034,511 Shares       462,406 Shares

     APPOINTMENT OF MAYER HOFFMAN McCANN L.C.

               For                Against            Abstentions

        9,271,103 Shares       113,317 Shares       112,497 Shares


                                      13
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     APPROAL OF THE 1998 STOCK OPTION PLAN

       For              Against         Abstentions         Not Voted

3,778,041 Shares    703,710 Shares     112,497 Shares    4,980,104 Shares


ITEM 5.  OTHER INFORMATION

     None

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K
 

     (a)  The following exhibits have been filed with this report:

          Exhibit 27 - Financial Data Schedule
 
     (b)  Reports on Form 8-K.  None




                                 SIGNATURES
 
     In accordance with the requirements of the Exchange Act, the Registrant
caused this report to be signed on its behalf by the undersigned thereunto
duly authorized.
 
                                   INFINITY, INC.
 
 
Dated: February 16, 1999           By /s/ Stanton E. Ross
                                      Stanton E. Ross, President


 
 


















                                      14
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                                 EXHIBIT INDEX

EXHIBIT                                           METHOD OF FILING
------                                     -----------------------------

  27.    FINANCIAL DATA SCHEDULE           Filed herewith electronically