SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act Of 1934
Date of Report (Date of Earliest Event Reported) April 15, 1998
QUADRAX CORPORATION
(Exact Name of Registrant as Specified in Charter)
Delaware 0-16052 05-0420158
(State or Other
Jurisdiction of (Commission File Number) (IRS Employer
Incorporation) Identification No.)
618 Main Street, PO Box 1001, West Warwick, RI 02893-0901
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (401) 683-6600
300 High Point Ave. Portsmouth, RI 02871
(Former Name or Former Address, If Changed Since Last Report.)
Item 5. Other Events
See press release dated April 15, 1998 attached as exhibit 99.1
.
C) Exhibits.
99.1 The Company's press release dated April 15, 1998.
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.
Quadrax Corporation
April 15,1998 /s/ James J. Palermo
(Date) James J. Palermo, Chairman and
Chief Executive Officer
April 15, 1998 /s/ Brooks R. Herrick
(Date) Brooks R. Herrick, Chief
Financial Officer and Principal
Accounting Officer
FOR IMMEDIATE RELEASE - APRIL 15, 1998
Contact: Allan M. Shine, Esq. of Winograd, Shine and Zacks, P.C.,
Telephone (401) 273-8300
QUADRAX DE-LISTS FROM SMALLCAP MARKET
The Company announced today that it is unable to meet its April 15, 1998
deadline in connection with the filing of its Annual Report on Form 10-KSB
under the Securities Exchange Act of 1934. Since filing its petition for
relief under Chapter 11 of the Bankruptcy Code, the Company's resources have
been focused on the financial reporting requirements of the Federal Bankruptcy
Court. The Company currently expects to file its Annual Report with the
Securities and Exchange Commission by May 4, 1998.
The Company has requested a de-listing of its common stock currently listed
on The Nasdaq SmallCap Market under the trading symbol "QDRXQ", effective
at the close of market, April 15, 1998.
