Quadrax Corp (fka QDXC)

[DTGoody]

Hi Schartner,

I believe that Quadrax still owns Victor Corporation as one of their subsidiaries. On their last press release they stated Correspondences and inquires to Victor Corporation should be sent to the same mailing address as Quadrax. The problem is the new phone number out of the NYC office is no longer active. It's been disconnected or off the hook for about 3 months now. David Bistricer (EB) was working out of that office for about 2 years. I still had some hope for Quadrax up until that phone number was disconnected.
The only other number I can give you is Abraham Backenroth. He is a Director so he should answer some of your questions. The problem is he is very hard to reach. His phone number is 212-593-1100. Schartner, if you do call ABE and he gives you any information about Quadrax I would greatly appreciate it if you would post it here or send me a PM. I am unfortunately very heavily invested in this company for over 800,000 shares at much higher prices. I have pretty much given up here, but still hoping for a miracle. Take care and I hope this helps.

Here are the companies last two press releases.

Tuesday March 13, 3:35 pm Eastern Time
Press Release
Quadrax Announces Address Change
Quadrax Corporation's new mailing address is:
NEW YORK and WEST WARWICK, R.I--(BUSINESS WIRE)--March 13, 2001-- Crown Center

730 Fifth Avenue, 9th Floor

New York, New York 10019

Phone no. 212-333-8610

Correspondences and inquires to Victor Corporation should be sent to the same address.

Attention: Thomas V. Desmond, CEO

Quadrax Sells Assets To Reduce Debt


WEST WARWICK, R.I., Nov 29, 2000 (BUSINESS WIRE) -- QUADRAX CORPORATION (OTC
BB:QDXC) announced today that it has ceased operations in its West Warwick, R.I.
manufacturing facility and has sold certain of its manufacturing equipment
previously employed at that facility to Colevic LLC a privately held company
owned by shareholders that are also 49% shareholders of Quadrax. The sales price
of the equipment was approximately $500,000.in cash, plus a right to receive
contingent payments from future sales made to Quadrax customers.

Quadrax has applied all the proceeds from the sale of the equipment to the
reduction of its debt to its secured lender. The sale price for the equipment
was in excess of the appraised value by an independent appraiser established by
the company's bank.

Quadrax's future activities are anticipated to come from contingent payment
described above and possible acquisitions in the wire and cable industry.

The statements which are not historical facts contained in this press release
are forward-looking statements that involve certain risks and uncertainties
including but not-limited to risks associated with the uncertainty of future
financial results, additional financing requirements, development of new
products, regulatory approval precesses, the impact of competitive products or
pricing, unpredictability of patent protection, technological changes, the
effect of economic conditions and other uncertainties detailed in the Company's
filings with the Securities and Exchange Commission.


CONTACT: Quadrax Corporation
 Tom Desmond
 [phone]

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KEYWORD: RHODE ISLAND
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS
 HARDWARE
 TELECOMMUNICATIONS