8-K

                                  UNITED STATES
                       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): July 1, 2004

                          HAIRMAX INTERNATIONAL, INC.
                          ---------------------------
               (Exact Name of Registrant as Specified in Charter)

                                     Nevada
                                     ------
                 (State or Other Jurisdiction of Incorporation)

                                    000-30212
                                    ---------
                            (Commission File Number)

                                   13-3422912
                                   ----------
                      (I.R.S. Employer Identification No.)

                 9900 West Sample Road, Coral Springs, FL  33065
              -----------------------------------------------------
             (Address of Principal Executive Offices)     (Zip Code)

                                 (954) 825-0299
                                 --------------
              (Registrant's Telephone Number, Including Area Code)


This  Current  Report  on  Form  8-K  is filed by Hairmax International, Inc., a
Nevada  corporation  (the  "Registrant"), in connection with the items described
below.

ITEM  1.  CHANGES  IN  CONTROL  OF  THE  REGISTRANT.

Not  Applicable.

ITEM  2.  ACQUISITION  OR  DISPOSITION  OF  ASSETS.

Not  Applicable.

ITEM  3.  BANKRUPTCY  OR  RECEIVERSHIP.

Not  Applicable.

ITEM  4.  CHANGES  IN  REGISTRANT'S  CERTIFYING  ACCOUNTANT.

Not  Applicable.

ITEM  5.  OTHER  EVENTS  AND  REGULATION  FD  DISCLOSURE.

On  July  1, 2004, the Registrant filed an election with the Commission pursuant
to  Section  54(a)  of  the  Investment  Company  Act of 1940 (the "Act"), to be
subject  to the provisions of sections 55 through 65 of the Act and be regulated
as  a  Business Development Company (a "BDC").  A copy of a press release, which
provides  some  background information on the Registrant's election, is attached
hereto  as  Exhibit  99.1.

In  connection  with  its  election  to  become  a BDC, the Registrant is in the
process  of  appointing  a  Board  of  Directors  composed  of  a  majority  of
non-interested  directors,  as well as an Investment Committee composed entirely
of  non-interested  directors  which  will  make recommendations with respect to
investment opportunities that the Registrant submits to the Investment Committee
for  consideration.

In  addition,  the  Registrant  has  filed  an  amendment  to  its  Articles  of
Incorporation  with  the  Secretary of State of Nevada to increase the number of
shares  of authorized common stock from 100,000,000 to 500,000,000 shares.  This
was  done  to facilitate the planned offering of shares of common stock for sale
pursuant  to  the  exemption  afforded by SEC Reg. Sections 230.601 to 230.610a.
Finally,  the  Registrant has filed a Certificate of Amendment to Certificate of
Designation  of the Rights and Preferences of the Series A Convertible Preferred
Stock  with the Secretary of State of Nevada to (1) eliminate the existence of a
liquidation  preference  for  the Series A Convertible Preferred Stock, which is
set  forth  in Section 4 thereof, and (2) increase the Conversion Ratio from ten
(10)  shares  of  fully  paid  and nonassessable shares of Common Stock for each
share  of  Series  A  Convertible Preferred Stock to two hundred (200) shares of
fully  paid  and nonassessable shares of Common Stock for each share of Series A
Convertible  Preferred  Stock, which ratio is set forth in Section 3(a) thereof.
Such  an  increase in the Conversion Ratio of the Series A Convertible Preferred
Stock may have the effect of preventing the significant dilution in management's
ownership  stake  that  would  ordinarily  result  from  the  large scale equity
financings  which  are  currently  under  consideration.

ITEM  6.  RESIGNATIONS  OF  REGISTRANT'S  DIRECTORS.

Not  Applicable.

ITEM  7.  FINANCIAL  STATEMENTS,  PRO  FORMA  FINANCIAL  INFORMATION  AND
          EXHIBITS.

Not  Applicable.

ITEM  8.  CHANGE  IN  FISCAL  YEAR.

Not  Applicable.


                                   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  hereunto  duly  authorized.



                                      HAIRMAX INTERNATIONAL, INC.


July 2, 2004.                         By: /s/ Edward A. Roth
                                      ----------------------
                                      Edward A. Roth
                                      President and Chief Executive Officer





                                  EXHIBIT INDEX

Exhibit No.                   Description of Exhibit
- -----------                   ----------------------

   99.1                       Press Release dated July 1, 2004.

EX-99.1

EXHIBIT 99.1

                        HAIRMAX INTERNATIONAL BECOMES A
                       BUSINESS DEVELOPMENT COMPANY (BDC)


     HAIRMAX  INTERNATIONAL  INC.(HRMX)  MANAGEMENT ANNOUNCED TODAY THAT HAIRMAX
INTERNATIONAL  INC.  HAS  FILED  AN  ELECTION  TO  BECOME A BUSINESS DEVELOPMENT
COMPANY,  WITH  THE  U.S.  SECURITIES  EXCHANGE  COMMISSION,  AND  TO BE FURTHER
REGULATED  UNDER  THE  INVESTMENT COMPANY ACT OF 1940, PURSUANT TO SECTION 54 OF
THE  ACT.  THE COMPANY IS MAKING THIS TRANSITION TO A BDC TO FURTHER ENHANCE ITS
OPPORTUNITIES  TO  INVEST  IN  SELECTED  BUSINESSES  IN  THE  BEAUTY AND RELATED
INDUSTRIES  IN  ORDER  TO  FURTHER  BUILD  AND  DEVELOP THE COMPANY.  ADDITIONAL
CHANGES  INCLUDE  THE PLANNED RESTRUCTURING OF THE BOARD OF DIRECTORS SO THAT IT
WILL  CONSIST  OF  A MAJORITY OF INDEPENDENT DIRECTORS, AND THE FORMATION IN THE
FUTURE  OF  A  BUSINESS  INVESTMENT COMMITTEE TO ADVISE ON POTENTIAL ACQUISTIONS
FOR  THE  COMPANY.

EDWARD  A.  ROTH, PRESIDENT AND CEO STATED "WE LOOK FORWARD TO THE MANY BENEFITS
AND  CHALLENGES OF BECOMING A BUSINESS DEVELOPMENT COMPANY. THIS TRANSFORMATION,
WILL HELP WITH OUR PLANS TO GROW BY INVESTMENT AND ACQUISTION, AND WILL POSITION
US  IN  THE  SAME LEAGUE AS MANY SUCCESSFUL BDCS PRESENTLY TRADING ON THE NASDAQ
AND  OVER-THE-COUNTER  BULLETIN  BOARD  EXCHANGES".

Hairmax International, Inc. is a Business Development Company, operated pursuant
to  the  Investment  Company  Act  of  1940.  It  holds  various  enterprises as
investments,  and  seeks  to  develop  companies in which it has an interest. It
specializes in business development within the personal services industry. These
include  the  company's  HAIRMAX subsidiaries, as well as future acquisitions of
existing  businesses  that  further  serve  to  enhance  the  company's business
operations.

This  press  release  may  include  statements that constitute "forward-looking"
statements  usually  containing  the  words  "plans,"  "expects,"  "believes,"
"projects," "intends" or similar expressions. Forward-looking statements involve
risks  and  uncertainties  that  could cause actual results to differ materially
from  the  forward-looking  statements. The risks and uncertainties are detailed
from  time  to  time  in  reports  filed  by the company with the Securities and
Exchange  Commission  including  forms  8k,  10sb,  and  10-ksb. These risks and
uncertainties  include,  but are not limited to the following: Company's limited
working  capital, competitive nature of hair services, consumer spending habits,
legal and economic uncertainties, and changes in consumer shopping trends and or
availability  of  financing.

Contact  Information:  Hairmax International Corp., Coral Springs,Florida Edward
A.  Roth,  954-825-0299  URL:  http://www.hairmax.cc corporate@hairmaxsalons.com