-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 DZhr/D2vOooJ6VI/zqs68ff3jCay2qQalxXSao4wwpSiZNBNfwTTM2gJxQUnJhBG
 lVUZsOEAb4ah+b/3ex6jQg==

<SEC-DOCUMENT>0001144204-05-026205.txt : 20050818
<SEC-HEADER>0001144204-05-026205.hdr.sgml : 20050818
<ACCEPTANCE-DATETIME>20050818125609
ACCESSION NUMBER:		0001144204-05-026205
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20050811
FILED AS OF DATE:		20050818
DATE AS OF CHANGE:		20050818

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			IPEX, INC
		CENTRAL INDEX KEY:			0001258383
		STANDARD INDUSTRIAL CLASSIFICATION:	METAL MINING [1000]
		IRS NUMBER:				412052984
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		9255 TOWNE CENTRE DRIVE
		STREET 2:		SUITE 235
		CITY:			SAN DIEGO,
		STATE:			CA
		ZIP:			92121
		BUSINESS PHONE:		(858) 720-8000

	MAIL ADDRESS:	
		STREET 1:		9255 TOWNE CENTRE DRIVE
		STREET 2:		SUITE 235
		CITY:			SAN DIEGO,
		STATE:			CA
		ZIP:			92121

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TAMARACK VENTURES INC
		DATE OF NAME CHANGE:	20030805

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Bodnar Capital Management LLC
		CENTRAL INDEX KEY:			0001310661
		STATE OF INCORPORATION:			CT
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-50774
		FILM NUMBER:		051035333

	BUSINESS ADDRESS:	
		STREET 1:		680 OLD ACADEMY ROAD
		CITY:			FAIRFIELD
		STATE:			CT
		ZIP:			06824
		BUSINESS PHONE:		(203) 255-3444

	MAIL ADDRESS:	
		STREET 1:		680 OLD ACADEMY ROAD
		CITY:			FAIRFIELD
		STATE:			CT
		ZIP:			06824
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>v024346_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2005-08-11</periodOfReport>

    <notSubjectToSection16>1</notSubjectToSection16>

    <issuer>
        <issuerCik>0001258383</issuerCik>
        <issuerName>IPEX, INC</issuerName>
        <issuerTradingSymbol>IPEX</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001310661</rptOwnerCik>
            <rptOwnerName>Bodnar Capital Management LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>680 OLD ACADEMY ROAD</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>FAIRFIELD</rptOwnerCity>
            <rptOwnerState>CT</rptOwnerState>
            <rptOwnerZipCode>06824</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <ownerSignature>
        <signatureName>/s/ Steven J. Bodnar</signatureName>
        <signatureDate>2005-08-18</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----