BUSINESS-GENERAL

Quadrax Corporation (the "Company") was incorporated in Delaware on March 6, 1986. The Company's business is as a manufacturer and distributor of electric power cordsets and interconnect cables primarily for original equipment manufacturers ("OEMs") of small appliances.

The Company currently sells its products to approximately 150 customers. Approximately 60% of sales are to nationally recognized OEMs such as Black and Decker, Hamilton Beach\Proctor-Silex, Bunn-O-Matic, Kirby, West Bend and Toastmaster. The balance of sales are to a combination of electronic, medical and interconnect device manufacturers.


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