<PAGE>
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 10-QSB
(Mark One)
*Quarterly report under Section 13, or 15 (d) of the
Securities Exchange Act of 1934
For the quarterly period ended January 31, 1998
*Transition report under Section 13 or 15 (d) of the Exchange
Act
For the transition period from ________________ to
_________________
Commission file number 33-16335
MALEX, INC..
(Exact Name of Small Business Issuer as Specified in Its Charter)
Delaware
75-2235008
(State or Other Jurisdiction of
(I.R.S. Employer
Incorporation or Organization)
Identification No.)
2415 Midway Road,
Suite 121, Carrollton, Texas 75006
(Address of Principal Executive Offices)
(972) 733-3005
(Issuer's Telephone Number, Including Area Code)
17770 Preston Road, Dallas,
Texas 75252
(Former Name, Former Address and Former Fiscal Year, if Changed Since
Last Report)
Check whether the issuer: (1) filed all reports required to be
filed by Section 13 or 15(d) of the Exchange Act during the past 12
months (or for such shorter period that the registrant was required
to file such reports), and (2) has been subject to such filing
requirements for past 90 days.
*Yes *No
APPLICABLE ONLY TO ISSUERS INVOLVED IN
BANKRUPTCY PROCEEDINGS DURING THE
PRECEDING FIVE YEARS
Check whether the registrant filed all documents and reports
required to be filed by Section 12, 13, or 15 (d) of the Exchange Act
after the distribution of securities under a plan confirmed by a
court.
*Yes *No
APPLICABLE ONLY TO CORPORATE ISSUERS
State the number of shares outstanding of each of the issuer's
classes of common equity, as of the latest practicable date:
32,550,000
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MALEX, INC.
I N D E X
Page No.
Part I FINANCIAL INFORMATION:
Item 1. Balance Sheets 2
Statements of Operations 3
Statements of Cash Flows 4
Notes to Financial
Statements (unaudited) 5
Item 2. Management's Discussion
and Analysis of Financial
Condition and Results of
Operations 5
Part II OTHER INFORMATION 6
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MALEX, INC.
(a development stage company)
PART I. FINANCIAL INFORMATION
CONDENSED BALANCE SHEETS
(Unaudited)
ASSETS
<TABLE>
<S> <C> <C>
January 31,1998 April 30, 1997
(Unaudited) (Audited)
Cash $ 470 $ 470
Total Assets $ 470 $ 470
LIABILITIES AND STOCKHOLDERS' EQUITY
Note Payable - Affiliate $ - $ -
Stockholders' Equity:
Common stock (number of
shares authorized 75,000,000,
issued and outstanding
32,550,000 shares, par value
$0.00002/sh) 651 651
Additional Paid in Capital 1,614 1,614
Retained earnings (deficit) (1,795) (1,795)
Total Liabilities &
Stockholders' Equity $ 470 $ 470
</TABLE>
The accompanying notes are an integral part of these financial
statements.
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MALEX, INC.
(a development stage company)
STATEMENTS OF OPERATION
(Unaudited)
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<S> <C> <C>
Nine Months Ended
January 31,
1998 1997
Income $ - $ -
Expenses - General and
Administrative $ - $ -
Net Income (Loss) $ - $ -
Earnings per common share* * *
*(less than $0.001 per
share)
Weighted average number of
shares outstanding 32,550,000 32,550,000
</TABLE>
The accompanying notes are an integral part of these statements.
MALEX, INC.
(a development stage company)
STATEMENTS OF CASH FLOWS
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<S> <C> <C>
Nine Months Nine Months
Ended Ended
January 31, 1998 January 31, 1997
CASH FLOWS FROM OPERATING
ACTIVITIES:
Cash Received From Customers $ - $ -
Cash Paid to Employees and
Other Suppliers of Goods
and Services - -
NET CASH PROVIDED (USED) BY
OPERATING ACTIVITIES - -
NET CASH PROVIDED (USED) BY
INVESTING ACTIVITIES - -
NET CASH PROVIDED (USED) BY
FINANCIAL ACTIVITIES - -
NET INCREASE (DECREASE) IN CASH - -
BEGINNING CASH BALANCE 470 470
CASH BALANCE AT END OF PERIOD $ 470 $ 470
</TABLE>
The accompanying notes are an integral part of these financial
statements.
<PAGE>
NOTES TO FINANCIAL STATEMENTS
(UNAUDITED)
Item 1. Financial Statements
The accompanying unaudited financial statements have been prepared in
accordance with the instructions to Form 10-Q and do not include all of
the information and footnotes required by generally accepted accounting
principles for complete financial statements.
In the opinion of management, all adjustments (consisting of normal
recurring accruals) considered necessary for a fair presentation have
been included. These statements should be read in conjunction with the
audited financial statements and notes thereto included in the
Registrant's Form 10-K for the year ended April 30, 1997.
Item 2. Management Discussion and Analysis of Financial Condition and
Results of Operations
Registrant has no operations or substantial assets and intends to seek
out and obtain candidates with which it can merge or whose operations
or assets can be acquired through the issuance of common stock and
possibly debt. Following a distribution of its common stock to the
shareholders of Forme Capital, Inc. ("Forme") the Registrant has
approximately 1,000 shareholders.
It is the present expectation of the Management of Registrant that in
connection with any such merger or acquisition of operations or assets
that the Management of Registrant will be transferred to the new
controlling shareholders. The Management of Registrant intends to
negotiate covenants with any such company or controlling shareholders
that it/they will maintain Registrant's registration with the
Securities and Exchange Commission, comply with the terms of its
Articles of Incorporation and Bylaws in all respects, maintain and
promote an orderly market in Registrant's Common Stock and otherwise
treat Registrant's shareholders fairly.
Liquidity and Capital Resources
Registrant is a development-stage company and has not conducted any
business operations as yet. The Company's cash resources and liquidity
are extremely limited. The Company has no assets to use as collateral
to allow the Company to borrow, and there is no available external
funding source other than Forme which has agreed to provide up to
$9,200 for expenses connected with the attempt to find a business
combination partner. If no combination partner is found within twelve
months, Registrant will experience severe cash flow difficulties.
Registrant's principal needs for capital are for Securities and
Exchange Commission reporting requirements, bookkeeping, and
professional fees.
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PART II. OTHER INFORMATION
Item 6. Exhibits and Reports on Form 8-K
NONE
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf
by the undersigned thereto duly authorized.
MALEX, INC.
(Registrant)
By: /s/ Daniel Wettreich
DANIEL WETTREICH, PRESIDENT
Date: April 24, 1998
2
[ARTICLE] 5
[CIK] 0000819926
[NAME]
<TABLE>
<S> <C>
[PERIOD-TYPE] 9-MOS
[FISCAL-YEAR-END] APR-03-1998
[PERIOD-END] JAN-31-1998
[CASH] 470
[SECURITIES] 0
[RECEIVABLES] 0
[ALLOWANCES] 0
[INVENTORY] 0
[CURRENT-ASSETS] 470
[PP&E] 0
[DEPRECIATION] 0
[TOTAL-ASSETS] 470
[CURRENT-LIABILITIES] 0
[BONDS] 0
[PREFERRED-MANDATORY] 0
[PREFERRED] 0
[COMMON] 651
[OTHER-SE] (181)
[TOTAL-LIABILITY-AND-EQUITY] 470
[SALES] 0
[TOTAL-REVENUES] 0
[CGS] 0
[TOTAL-COSTS] 0
[OTHER-EXPENSES] 0
[LOSS-PROVISION] 0
[INTEREST-EXPENSE] 0
[INCOME-PRETAX] 0
[INCOME-TAX] 0
[INCOME-CONTINUING] 0
[DISCONTINUED] 0
[EXTRAORDINARY] 0
[CHANGES] 0
[NET-INCOME] 0
[EPS-PRIMARY] 0
[EPS-DILUTED] 0
</TABLE>
