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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person
Mark E. Brady
c/o Eubel Brady & Suttman Asset Management, Inc.
7777 Washington Village Drive
Ste. 210
Dayton, Ohio 45459
2. Date of Event Requiring Statement (Month/Day/Year)
December 9, 1997
3. IRS Reporting Person
(Voluntary)
4. Issuer Name and Ticker or Trading Symbol
Med/Waste, Inc.
MWDS
5. Relationship of Reporting Person(s) to Issuer (Check all
applicable)
( ) Director (X) 10% Owner ( ) Officer (give title
below) ( ) Other
(specify below)
6. If Amendment, Date of Original (Month/Day/Year)
7. Individual or Joint/Group Filing (Check Applicable Line)
( ) Form filed by One Reporting Person
(X) Form filed by More than One Reporting Person
Table I -- Non-Derivative Securities Beneficially Owned
1. Title of Security 2. Amount of 3. Ownership 4. Nature of Indirect
Securities Form: Beneficial Ownership
Beneficially Direct(D) or
Owned Indirect(I)
Common Stock 241,371+ (I) General Partner or
Principal of
Investment Manager
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Table II -- Derivative Securities Beneficially Owned
<TABLE>
<S> <C> <C> <C> <C> <C>
1.Title of 2.Date Exer- 3.Title and Amount 4.Conver- 5.Ownership 6.Nature of
Derivative cisable and of Securities sion or Form of Indirect
Security Expiration Underlying Exercise Derivative Beneficial
Date Derivative Security Price of Security: Ownership
(Month/Day/ --------------- Deri- Direct(D) or
Year) Title Amount or vative Indirect (I)
-------------- Number of Security
Date Expira- Shares
Exer- tion
cisable Date
Series A * * Common 528,212+ $4.25 (I) General
Preferred Stock Partner or
Stock Principal
of
Investment
Manager
Warrants ** ** Common 8,784+ $3.625 (I) General
Stock Partner or
Principal
of
Investment
Manager Manager
</TABLE>
EXPLANATION OF RESPONSES:
* Series A Preferred are convertible into Common Stock at any
time at the option of the holder.
** Warrants are convertible into Common Stock at any time at the
option of the holder.
+ The Reporting Persons disclaim beneficial ownership of these
securities except to the extent of their pecuniary interest
therein.
SIGNATURE OF REPORTING PERSON
/s/ Ronald L. Eubel
________________________
Ronald L. Eubel
/s/ Mark E. Brady
________________________
Mark E. Brady
2
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/s/ Robert J. Suttman, II
______________________________
Robert J. Suttman, II
DATE
December 19, 1997
3
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This Form 3 is also filed on behalf of:
Ronald L. Eubel
c/o Eubel Brady & Suttman Asset Management, Inc.
7777 Washington Village Drive
Ste. 210
Dayton, Ohio 45459
Robert J. Suttman, II
c/o Eubel Brady & Suttman Asset Management, Inc.
7777 Washington Village Drive
Ste. 210
Dayton, Ohio 45459
4
00843001.AB4
