CENTRAXX INC
10KSB/A, 2000-04-03
BLANK CHECKS
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             U. S. Securities and Exchange Commission
                     Washington, D. C.  20549

                           FORM 10-KSBA

[X]  ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
     OF 1934

     For the fiscal year ended December 31, 1999
                                -----------------

[ ]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934

     For the transition period from _________________ to __________________

                 Commission File No.  33-3358-NY
                                      ----------
                          CENTRAXX, INC.
                      ----------------------
          (Name of Small Business Issuer in its Charter)

        NEVADA                                               88-0224219
- -------------------------------                     --------------------------
(State or Other Jurisdiction of                   (I.R.S. Employer I.D. No.)
 incorporation or organization)

                   2700 Argentia Road, Suite #1000
                 Mississauga, Ontario Canada L5N 5V4
                      -----------------------
              (Address of Principal Executive Offices)

            Issuer's Telephone Number:  (905) 826-9988

Securities Registered under Section 12(b) of the Exchange Act:  None.

Securities Registered under Section 12(g) of the Exchange Act:
                       $0.001 par value common stock

     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.

     (1)   Yes X    No             (2)   Yes  X     No

     Check if there is no disclosure of delinquent filers in response to Item
405 of Regulation S-B is not contained in this form, and no disclosure will be
contained, to the best of Registrant's knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form 10-
KSB or any amendment to this Form 10-KSB.  [ ]

State Issuer's revenues for its most recent fiscal year:   December 31, 1999 -
$0

For the Exhibit Index see Item 13 of this Report.

     State the aggregate market value of the common voting stock held by non-
affiliates computed by reference to the price at which the stock was sold, or
the average bid and asked prices of such stock, as of a specified date within
the past 60 days.

     March 31, 2000 - $109,773,958.  There are approximately 10,211,531 shares
of common voting stock of the Registrant held by non-affiliates.  The
Registrant has valued these shares on the low bid price per share on March 30,
2000.

               (ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS
                       DURING THE PAST FIVE YEARS)

                             Not Applicable.

                (APPLICABLE ONLY TO CORPORATE REGISTRANTS)

          State the number of shares outstanding of each of the Issuer's
classes of common equity, as of the latest practicable date:

                          March 31, 2000

                            17,946,481

               DOCUMENTS INCORPORATED BY REFERENCE
               -----------------------------------

          A description of "Documents Incorporated by Reference" is
contained in Item 13 of this Report.

   Transitional Small Business Issuer Format   Yes  X    No ___

                            SIGNATURES

          Pursuant to the requirements of Section 13 or 15(d) 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.

                                   CENTRAXX, INC.


Date: 4/03/2000                  By/s/Michael Ivezic
                                   Michael Ivezic, Acting President and
                                   Director


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