================================================================================

                                  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)

                                 April 14, 2005

                          ----------------------------


                           Marine Jet Technology Corp.

               (Exact name of registrant as specified in charter)

                                     Nevada

         (State or other Jurisdiction of Incorporation or Organization)


      000-33297                                       88-0450923
Commission File Number)                      (IRS Employer Identification No.)

                       936A Beachland Boulevard, Suite 13
                              Vero Beach, FL 32963
                         (Address of Principal Executive

                              Offices and zip code)
                                 (772) 231-7544
                             (Registrant's telephone
                          number, including area code)

                                       N/A

          (Former Name or Former Address, if Changed Since Last Report)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing  obligation  of  registrant  under any of the
following provisions:

[_] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

[_] Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17
CFR 240.14a-12(b))

[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))

<PAGE>

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

         Information  included  in this  Form  8-K may  contain  forward-looking
statements  within the meaning of Section 27A of the  Securities Act and Section
21E of the  Securities  Exchange Act of 1934, as amended (the  "Exchange  Act").
This  information may involve known and unknown risks,  uncertainties  and other
factors which may cause the Company's and Antik's actual results, performance or
achievements  to be materially  different  from future  results,  performance or
achievements   expressed   or   implied  by  any   forward-looking   statements.
Forward-looking statements, which involve assumptions and describe the Company's
and  Antik's   future  plans,   strategies  and   expectations,   are  generally
identifiable   by  use  of  the  words  "may,"   "will,"   "should,"   "expect,"
"anticipate,"  "estimate,"  "believe,"  "intend" or "project" or the negative of
these  words  or other  variations  on these  words or  comparable  terminology.
Forward-looking  statements are based on assumptions that may be incorrect,  and
there can be no assurance that any projections or other expectations included in
any  forward-looking  statements  will come to pass.  The  Company's and Antik's
actual results could differ  materially  from those  expressed or implied by the
forward-looking statements as a result of various factors. Except as required by
applicable  laws,  the Company  undertakes no obligation to update  publicly any
forward-looking  statements  for any  reason,  even if new  information  becomes
available or other events occur in the future.

Section 1 - Registrants' Business and Operations

Item 1.01  Entry into a Material Definitive Agreement.

         On April 14, 2005,  Marine Jet Technology  Corp., a Nevada  corporation
("Marine"), entered into an Exchange Agreement ("Exchange Agreement") with Antik
Denim, LLC, a California  limited liability  company  ("Antik"),  the members of
Antik (the "Antik Members"),  and Keating Reverse Merger Fund, LLC ("KRM Fund").
Under the  Exchange  Agreement,  Marine  will,  at  closing,  acquire all of the
outstanding  membership  interests  of Antik  (the  "Interests")  from the Antik
Members, and the Antik Members will contribute all of their Interests to Marine.
In exchange,  Marine will issue to the Antik Members  843,027 shares of Series A
Convertible  Preferred Stock, par value $0.001 per share, of Marine  ("Preferred
Shares"),  which shall be convertible into 708,984,875 shares of Marine's common
stock  ("Conversion  Shares").  The issuance of the  Preferred  Shares and, upon
conversion,  the shares of Marine common stock underlying the Preferred  Shares,
to the Antik  Members  is  intended  to be exempt  from  registration  under the
Securities Act of 1933, as amended (the "Securities  Act"),  pursuant to Section
4(2) thereof.

         Following completion of the exchange  transaction,  Antik will become a
wholly-owned subsidiary of Marine.

      Marine is presently  authorized  under its Certificate of Incorporation to
issue  45,000,000  shares of common  stock,  par value  $0.001  per  share,  and
5,000,000  shares  of  preferred  stock,  par value  $0.001  per  share.  Of the
5,000,000  shares  of  preferred  stock  authorized,   850,000  shares  will  be
designated as Series A Convertible  Preferred Stock pursuant to a certificate of
designations ("Certificate of Designations"), which will be approved by Marine's
board of  directors,  and filed with and accepted by, the  Secretary of State of
the State of Nevada prior to the closing of the exchange transaction. Currently,
Marine has  28,122,570  shares of common  stock  issued and  outstanding  and no
shares of preferred stock issued and outstanding.



                                       1
<PAGE>

      Under  the  terms  of the  Exchange  Agreement,  all  of  the  outstanding
Interests will be exchanged for 843,027 Preferred  Shares.  Each Preferred Share
will be convertible  into 841 shares of Marine's  common stock (the  "Conversion
Rate").  The Preferred  Shares will  immediately and  automatically be converted
into shares of  Marine's  common  stock (the  "Mandatory  Conversion")  upon the
approval  by  a  majority  of  Marine's  stockholders  (voting  together  on  an
as-converted-to-common-stock  basis), following the exchange transaction,  of an
increase  in the  number of  authorized  shares of  Marine's  common  stock from
45,000,000  to  75,000,000,  and a 1 for 29  reverse  stock  split  of  Marine's
outstanding common stock ("Reverse Split").

      The holders of shares of Series A Preferred Stock will be entitled to vote
together  with the  holders of the common  stock,  as a single  class,  upon all
matters  submitted to holders of common stock for a vote. Each share of Series A
Preferred  Stock will  carry a number of votes  equal to the number of shares of
common stock  issuable in a Mandatory  Conversion  based on the then  applicable
Conversion Rate. As such,  immediately following the exchange  transaction,  the
Antik Members will own 95.8% of the total  combined  voting power of all classes
of Marine stock entitled to vote.

      Upon  Mandatory  Conversion  of the  Preferred  Shares,  and subject to an
adjustment of the Conversion  Rate as a result of the Reverse  Split,  the Antik
Members will,  in the  aggregate,  receive  approximately  24,447,783  shares of
Marine's common stock, representing 95.80% of the outstanding shares of Marine's
common  stock  immediately  following  the  Mandatory  Conversion.  The existing
stockholders  of Marine will,  following  the Mandatory  Conversion  and Reverse
Split, own approximately  969,745 shares of Marine's common stock,  representing
3.8% of the  outstanding  shares of common  stock.  Following the closing of the
exchange  transaction,  Marine  will also issue a finder  approximately  102,079
shares of common stock on a post-Reverse  Split basis,  representing 0.4% of the
outstanding shares of common stock.

      Accordingly,  if  the  exchange  transaction  closed,  and  the  Mandatory
Conversion  and the  Reverse  Split  occurred,  as of the  date of this  report,
Marine's  currently issued and outstanding  common stock  (currently  28,122,570
shares)  would be  converted  into  969,745  shares  of  common  stock and would
represent 3.8% of Marine's total common stock issued and outstanding.

      In connection with the Reverse Split,  Marine's board of directors expects
to provide  special  treatment  of Marine  stockholders  holding  2,900 or fewer
shares of common stock to prevent such  stockholders  from holding less than 100
shares of common  stock after the Reverse  Split.  Marine  stockholders  holding
2,900 or fewer shares of common stock but at least 100 shares of common stock as
of the record  date will  receive  100 shares of common  stock after the Reverse
Split.  The  Reverse  Split will not  affect the shares of common  stock held by
Marine  stockholders  holding  less than 100  shares  of common  stock as of the
record date.

      Effective  as of the closing of the exchange  transaction,  and subject to
applicable  regulatory  requirements,  including  the  preparation,  filing  and
distribution  to  the  Marine  stockholders  of a  Schedule  14(f)-1  Notice  to
Stockholders at least ten (10) days prior to closing,  the existing  officers of
Marine will resign, and the newly-appointed  directors of Marine will consist of
one member of Antik's current  management,  Paul Guez (Antik's Manager and Chief
Executive  Officer),  David Weiner,  a director  designated by Mr. Guez, and one
member to be  designated  by KRM Fund (the "KRM  Designate").  The  initial  KRM
Designate  will be the  current  director of Marine,  Kevin R.  Keating who will
remain as a director of Marine  following  the closing.  KRM Fund and each Antik
Member have agreed to vote their  shares of Marine's  common  stock to elect the
KRM Designate to Marine's  board for a period of one year  following the closing
and to vote for such other  persons that may be  designated by Paul Guez to fill
any vacant position on the board of directors  (other than KRM  Designate).  The
size of the board will  initially  be three  members and may be increased by the
board of directors to five members during the one year period following closing.



                                       2
<PAGE>

      Additional  information  concerning  Paul  Guez and David  Weiner  will be
included in the Schedule 14(f)-1 Notice to Stockholders which will be filed with
the SEC and mailed to  stockholders  at least ten (10) days prior to the closing
of the exchange transaction.

      At or  prior  to the  Closing,  Marine  will  also  enter  into a  certain
financial   advisory   agreement   with  Keating   Securities,   LLC   ("Keating
Securities"), a registered broker-dealer, under which Keating Securities will be
compensated by Marine for its advisory services rendered to Marine in connection
with the exchange  transaction.  The transaction  advisory fee will be $350,000,
with  the  payment  thereof  being  subject  to  the  closing  of  the  exchange
transaction contemplated under the Exchange Agreement.

      The  Company's  completion  of the  transactions  contemplated  under  the
Exchange  Agreement  are subject to the  satisfaction  of certain  contingencies
including,  without  limitation,  Antik's  delivery  of  audited  and pro  forma
financial   information   acceptable  to  Marine,   compliance  with  regulatory
requirements,  and the filing with and  acceptance  by the Secretary of State of
the State of Nevada of the  Certificate  of  Designations.  Consummation  of the
exchange  transaction  is also  conditioned  upon,  among other things:  (i) tax
counsel to Antik issuing its opinion that the transaction will not be taxable to
the Antik Members  pursuant to Section 351 of the Internal  Revenue  Code;  (ii)
execution by KRM Fund and each Member of voting  agreements;  (iii) preparation,
filing and distribution to the Marine  stockholders of a Schedule 14(f)-1 Notice
to  Stockholders;  and (iv) continued  quotation of Marine's common stock on the
Over-the-Counter Bulletin Board.

      The  directors  of Marine have  approved the  Exchange  Agreement  and the
transactions  contemplated  thereunder.  The  managers and members of Antik have
approved the Exchange  Agreement and the transactions  contemplated  thereunder.
The parties expect the closing of the transactions  under the Exchange Agreement
to occur on or about May 1, 2005.  However,  there can be no assurances that the
exchange transaction will be completed.

      The  Exchange  Agreement  may be  terminated  as  follows:  (i) by  mutual
consent,  (ii) by either party if the exchange transaction is not consummated by
May 31, 2005, (iii) by either party if the exchange transaction is prohibited by
issuance of an order, decree or ruling, and (iv) by either party if the other is
in material breach of any representation,  warranty,  covenant or agreement.  In
the  event of  termination  other  than by  mutual  consent,  both  parties  are
responsible for their  expenses,  except that Marine may retain up to $10,000 of
the $50,000 deposit paid by Antik for  reimbursement of Marine's actual expenses
and as liquidated damages.



                                       3
<PAGE>

      On March 28, 2005, in its Current Report on Form 8-K dated March 24, 2005,
Marine reported the execution of a letter of intent to acquire Antik.

      Kevin  R.  Keating  is the  father  of the  principal  member  of  Keating
Investments,  LLC. Keating Investments,  LLC is the managing member of KRM Fund,
which is the majority  stockholder of Marine, and Keating  Securities,  LLC, the
registered broker-dealer affiliate of Keating Investments, LLC. Kevin R. Keating
is not affiliated with and has no equity interest in Keating  Investments,  LLC,
KRM Fund or Keating Securities, LLC and disclaims any beneficial interest in the
shares  of  Marine's  common  stock  owned  by  KRM  Fund.  Similarly,   Keating
Investments,  LLC, KRM Fund and Keating Securities,  LLC disclaim any beneficial
interest  in the shares of Marine's  common  stock  currently  owned by Kevin R.
Keating.

Business of Marine

      Marine is currently a public  "shell"  company  with nominal  assets whose
sole business has been to identify,  evaluate and investigate  various companies
with  the  intent  that,  if  such  investigation  warrants,  a  reverse  merger
transaction be negotiated and completed pursuant to which Marine would acquire a
target  company with an operating  business  with the intent of  continuing  the
acquired company's business as a publicly held entity.

Business of Antik

      Antik was  formed  in  September  2004 to  design,  develop,  manufacture,
market, distribute and sell high end fashion jeans, apparel and accessories with
a western  flair.  Antik  currently  markets,  distributes  and sells its "Antik
Denim" brand products in the United  States,  and  internationally  in countries
that  include,  but are not  limited to,  Canada,  Mexico,  the United  Kingdom,
Denmark,  Sweden, Norway,  Finland,  Belgium, Italy, Austria,  Germany,  France,
Spain, Japan,  Brazil,  Israel,  Lebanon,  UAE, South Africa and Korea. Antik is
headquartered in Commerce,  California,  and maintains two showrooms in New York
and Los Angeles.

      Because  Antik was formed in  September  2004,  it has  limited  operating
history.  Antik had unaudited net sales of $365,000 from  inception in September
2004 through  December 31, 2004.  While the management of Antik believes that it
has an opportunity  to be successful in the high end fashion jean market,  there
can be no assurance that Antik will be successful in accomplishing  its business
initiatives,  or that it will achieve any significant level of revenues, or ever
recognize net income, from the sale of its products.

      The business of Antik  involves a number of risks and  uncertainties  that
could cause Antik's actual results to differ  materially from those estimated by
management from time to time. Potential risks and uncertainties include, but are
not limited to, such factors as fluctuations in demand for Antik's products, the
introduction of new products, Antik's ability to maintain customer and strategic
business  relationships,  the impact of competitive products and pricing, growth
in targeted markets, the adequacy of Antik's liquidity and financial strength to
support its growth, and other information that may be detailed from time to time
in Marine's  filings with the United States  Securities and Exchange  Commission
should the  exchange  transaction  contemplated  by the  Exchange  Agreement  be
completed.



                                       4
<PAGE>

         Although  there can be no assurance  that the parties will complete the
exchange transaction  contemplated by the Exchange Agreement,  to the extent the
transaction is completed, additional information regarding the business of Antik
(including  audited  financial  statements for the period from inception through
December 31, 2004) will be disclosed in a Current Report on Form 8-K to be filed
at closing of the exchange transaction.

      Item 9.01 Financial Statements and Exhibits.

      (a) Financial statements of business acquired. None.

      (b) Pro forma financial information. None.

      (c) Exhibits.

            2.5   Exchange Agreement by and between Marine Jet Technology Corp.,
                  Antik Denim,  LLC,  and the members of Antik Denim,  LLC dated
                  April 14, 2005.

                                   SIGNATURES

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
Marine Jet  Technology  Corp.  has duly  caused  this report to be signed on its
behalf by the undersigned hereunto duly authorized.

                                        Marine Jet Technology Corp.

Date:  April 15, 2005                   By:
                                               ----------------------------
                                               Kevin R. Keating, President
                                               and Sole Director



                                       5
<PAGE>

                                  EXHIBIT INDEX

Exhibit Number    Description of Exhibit
--------------    ----------------------

2.5               Exchange Agreement by and between Marine Jet Technology Corp.,
                  Antik Denim,  LLC,  and the members of Antik Denim,  LLC dated
                  April 14, 2005.



                                       6
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================================================================================

                                  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)

                                 April 14, 2005

                          ----------------------------

                           Marine Jet Technology Corp.

               (Exact name of registrant as specified in charter)

                                     Nevada

         (State or other Jurisdiction of Incorporation or Organization)

      000-33297                                       88-0450923
Commission File Number)                      (IRS Employer Identification No.)

                       936A Beachland Boulevard, Suite 13
                              Vero Beach, FL 32963
                         (Address of Principal Executive

                              Offices and zip code)
                                 (772) 231-7544
                             (Registrant's telephone
                          number, including area code)

                                       N/A

          (Former Name or Former Address, if Changed Since Last Report)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing  obligation  of  registrant  under any of the
following provisions:

[_] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

[_] Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17
CFR 240.14a-12(b))

[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

         Information  included  in this  Form  8-K may  contain  forward-looking
statements  within the meaning of Section 27A of the  Securities Act and Section
21E of the  Securities  Exchange Act of 1934, as amended (the  "Exchange  Act").
This  information may involve known and unknown risks,  uncertainties  and other
factors which may cause the Company's and Antik's actual results, performance or
achievements  to be materially  different  from future  results,  performance or
achievements   expressed   or   implied  by  any   forward-looking   statements.
Forward-looking statements, which involve assumptions and describe the Company's
and  Antik's   future  plans,   strategies  and   expectations,   are  generally
identifiable   by  use  of  the  words  "may,"   "will,"   "should,"   "expect,"
"anticipate,"  "estimate,"  "believe,"  "intend" or "project" or the negative of
these  words  or other  variations  on these  words or  comparable  terminology.
Forward-looking  statements are based on assumptions that may be incorrect,  and
there can be no assurance that any projections or other expectations included in
any  forward-looking  statements  will come to pass.  The  Company's and Antik's
actual results could differ  materially  from those  expressed or implied by the
forward-looking statements as a result of various factors. Except as required by
applicable  laws,  the Company  undertakes no obligation to update  publicly any
forward-looking  statements  for any  reason,  even if new  information  becomes
available or other events occur in the future.

Section 1 - Registrants' Business and Operations

Item 1.01  Entry into a Material Definitive Agreement.

         On April 14, 2005,  Marine Jet Technology  Corp., a Nevada  corporation
("Marine"), entered into an Exchange Agreement ("Exchange Agreement") with Antik
Denim, LLC, a California  limited liability  company  ("Antik"),  the members of
Antik (the "Antik Members"),  and Keating Reverse Merger Fund, LLC ("KRM Fund").
Under the  Exchange  Agreement,  Marine  will,  at  closing,  acquire all of the
outstanding  membership  interests  of Antik  (the  "Interests")  from the Antik
Members, and the Antik Members will contribute all of their Interests to Marine.
In exchange,  Marine will issue to the Antik Members  843,027 shares of Series A
Convertible  Preferred Stock, par value $0.001 per share, of Marine  ("Preferred
Shares"),  which shall be convertible into 708,984,875 shares of Marine's common
stock  ("Conversion  Shares").  The issuance of the  Preferred  Shares and, upon
conversion,  the shares of Marine common stock underlying the Preferred  Shares,
to the Antik  Members  is  intended  to be exempt  from  registration  under the
Securities Act of 1933, as amended (the "Securities  Act"),  pursuant to Section
4(2) thereof.

         Following completion of the exchange  transaction,  Antik will become a
wholly-owned subsidiary of Marine.

      Marine is presently  authorized  under its Certificate of Incorporation to
issue  45,000,000  shares of common  stock,  par value  $0.001  per  share,  and
5,000,000  shares  of  preferred  stock,  par value  $0.001  per  share.  Of the
5,000,000  shares  of  preferred  stock  authorized,   850,000  shares  will  be
designated as Series A Convertible  Preferred Stock pursuant to a certificate of
designations ("Certificate of Designations"), which will be approved by Marine's
board of  directors,  and filed with and accepted by, the  Secretary of State of
the State of Nevada prior to the closing of the exchange transaction. Currently,
Marine has  28,122,570  shares of common  stock  issued and  outstanding  and no
shares of preferred stock issued and outstanding.

                                       1
Under  the  terms  of the  Exchange  Agreement,  all  of  the  outstanding
Interests will be exchanged for 843,027 Preferred  Shares.  Each Preferred Share
will be convertible  into 841 shares of Marine's  common stock (the  "Conversion
Rate").  The Preferred  Shares will  immediately and  automatically be converted
into shares of  Marine's  common  stock (the  "Mandatory  Conversion")  upon the
approval  by  a  majority  of  Marine's  stockholders  (voting  together  on  an
as-converted-to-common-stock  basis), following the exchange transaction,  of an
increase  in the  number of  authorized  shares of  Marine's  common  stock from
45,000,000  to  75,000,000,  and a 1 for 29  reverse  stock  split  of  Marine's
outstanding common stock ("Reverse Split").

      The holders of shares of Series A Preferred Stock will be entitled to vote
together  with the  holders of the common  stock,  as a single  class,  upon all
matters  submitted to holders of common stock for a vote. Each share of Series A
Preferred  Stock will  carry a number of votes  equal to the number of shares of
common stock  issuable in a Mandatory  Conversion  based on the then  applicable
Conversion Rate. As such,  immediately following the exchange  transaction,  the
Antik Members will own 95.8% of the total  combined  voting power of all classes
of Marine stock entitled to vote.

      Upon  Mandatory  Conversion  of the  Preferred  Shares,  and subject to an
adjustment of the Conversion  Rate as a result of the Reverse  Split,  the Antik
Members will,  in the  aggregate,  receive  approximately  24,447,783  shares of
Marine's common stock, representing 95.80% of the outstanding shares of Marine's
common  stock  immediately  following  the  Mandatory  Conversion.  The existing
stockholders  of Marine will,  following  the Mandatory  Conversion  and Reverse
Split, own approximately  969,745 shares of Marine's common stock,  representing
3.8% of the  outstanding  shares of common  stock.  Following the closing of the
exchange  transaction,  Marine  will also issue a finder  approximately  102,079
shares of common stock on a post-Reverse  Split basis,  representing 0.4% of the
outstanding shares of common stock.

      Accordingly,  if  the  exchange  transaction  closed,  and  the  Mandatory
Conversion  and the  Reverse  Split  occurred,  as of the  date of this  report,
Marine's  currently issued and outstanding  common stock  (currently  28,122,570
shares)  would be  converted  into  969,745  shares  of  common  stock and would
represent 3.8% of Marine's total common stock issued and outstanding.

      In connection with the Reverse Split,  Marine's board of directors expects
to provide  special  treatment  of Marine  stockholders  holding  2,900 or fewer
shares of common stock to prevent such  stockholders  from holding less than 100
shares of common  stock after the Reverse  Split.  Marine  stockholders  holding
2,900 or fewer shares of common stock but at least 100 shares of common stock as
of the record  date will  receive  100 shares of common  stock after the Reverse
Split.  The  Reverse  Split will not  affect the shares of common  stock held by
Marine  stockholders  holding  less than 100  shares  of common  stock as of the
record date.

      Effective  as of the closing of the exchange  transaction,  and subject to
applicable  regulatory  requirements,  including  the  preparation,  filing  and
distribution  to  the  Marine  stockholders  of a  Schedule  14(f)-1  Notice  to
Stockholders at least ten (10) days prior to closing,  the existing  officers of
Marine will resign, and the newly-appointed  directors of Marine will consist of
one member of Antik's current  management,  Paul Guez (Antik's Manager and Chief
Executive  Officer),  David Weiner,  a director  designated by Mr. Guez, and one
member to be  designated  by KRM Fund (the "KRM  Designate").  The  initial  KRM
Designate  will be the  current  director of Marine,  Kevin R.  Keating who will
remain as a director of Marine  following  the closing.  KRM Fund and each Antik
Member have agreed to vote their  shares of Marine's  common  stock to elect the
KRM Designate to Marine's  board for a period of one year  following the closing
and to vote for such other  persons that may be  designated by Paul Guez to fill
any vacant position on the board of directors  (other than KRM  Designate).  The
size of the board will  initially  be three  members and may be increased by the
board of directors to five members during the one year period following closing.

                                       2
Additional  information  concerning  Paul  Guez and David  Weiner  will be
included in the Schedule 14(f)-1 Notice to Stockholders which will be filed with
the SEC and mailed to  stockholders  at least ten (10) days prior to the closing
of the exchange transaction.

      At or  prior  to the  Closing,  Marine  will  also  enter  into a  certain
financial   advisory   agreement   with  Keating   Securities,   LLC   ("Keating
Securities"), a registered broker-dealer, under which Keating Securities will be
compensated by Marine for its advisory services rendered to Marine in connection
with the exchange  transaction.  The transaction  advisory fee will be $350,000,
with  the  payment  thereof  being  subject  to  the  closing  of  the  exchange
transaction contemplated under the Exchange Agreement.

      The  Company's  completion  of the  transactions  contemplated  under  the
Exchange  Agreement  are subject to the  satisfaction  of certain  contingencies
including,  without  limitation,  Antik's  delivery  of  audited  and pro  forma
financial   information   acceptable  to  Marine,   compliance  with  regulatory
requirements,  and the filing with and  acceptance  by the Secretary of State of
the State of Nevada of the  Certificate  of  Designations.  Consummation  of the
exchange  transaction  is also  conditioned  upon,  among other things:  (i) tax
counsel to Antik issuing its opinion that the transaction will not be taxable to
the Antik Members  pursuant to Section 351 of the Internal  Revenue  Code;  (ii)
execution by KRM Fund and each Member of voting  agreements;  (iii) preparation,
filing and distribution to the Marine  stockholders of a Schedule 14(f)-1 Notice
to  Stockholders;  and (iv) continued  quotation of Marine's common stock on the
Over-the-Counter Bulletin Board.

      The  directors  of Marine have  approved the  Exchange  Agreement  and the
transactions  contemplated  thereunder.  The  managers and members of Antik have
approved the Exchange  Agreement and the transactions  contemplated  thereunder.
The parties expect the closing of the transactions  under the Exchange Agreement
to occur on or about May 1, 2005.  However,  there can be no assurances that the
exchange transaction will be completed.

      The  Exchange  Agreement  may be  terminated  as  follows:  (i) by  mutual
consent,  (ii) by either party if the exchange transaction is not consummated by
May 31, 2005, (iii) by either party if the exchange transaction is prohibited by
issuance of an order, decree or ruling, and (iv) by either party if the other is
in material breach of any representation,  warranty,  covenant or agreement.  In
the  event of  termination  other  than by  mutual  consent,  both  parties  are
responsible for their  expenses,  except that Marine may retain up to $10,000 of
the $50,000 deposit paid by Antik for  reimbursement of Marine's actual expenses
and as liquidated damages.

                                       3
On March 28, 2005, in its Current Report on Form 8-K dated March 24, 2005,
Marine reported the execution of a letter of intent to acquire Antik.

      Kevin  R.  Keating  is the  father  of the  principal  member  of  Keating
Investments,  LLC. Keating Investments,  LLC is the managing member of KRM Fund,
which is the majority  stockholder of Marine, and Keating  Securities,  LLC, the
registered broker-dealer affiliate of Keating Investments, LLC. Kevin R. Keating
is not affiliated with and has no equity interest in Keating  Investments,  LLC,
KRM Fund or Keating Securities, LLC and disclaims any beneficial interest in the
shares  of  Marine's  common  stock  owned  by  KRM  Fund.  Similarly,   Keating
Investments,  LLC, KRM Fund and Keating Securities,  LLC disclaim any beneficial
interest  in the shares of Marine's  common  stock  currently  owned by Kevin R.
Keating.

Business of Marine

      Marine is currently a public  "shell"  company  with nominal  assets whose
sole business has been to identify,  evaluate and investigate  various companies
with  the  intent  that,  if  such  investigation  warrants,  a  reverse  merger
transaction be negotiated and completed pursuant to which Marine would acquire a
target  company with an operating  business  with the intent of  continuing  the
acquired company's business as a publicly held entity.

Business of Antik

      Antik was  formed  in  September  2004 to  design,  develop,  manufacture,
market, distribute and sell high end fashion jeans, apparel and accessories with
a western  flair.  Antik  currently  markets,  distributes  and sells its "Antik
Denim" brand products in the United  States,  and  internationally  in countries
that  include,  but are not  limited to,  Canada,  Mexico,  the United  Kingdom,
Denmark,  Sweden, Norway,  Finland,  Belgium, Italy, Austria,  Germany,  France,
Spain, Japan,  Brazil,  Israel,  Lebanon,  UAE, South Africa and Korea. Antik is
headquartered in Commerce,  California,  and maintains two showrooms in New York
and Los Angeles.

      Because  Antik was formed in  September  2004,  it has  limited  operating
history.  Antik had unaudited net sales of $365,000 from  inception in September
2004 through  December 31, 2004.  While the management of Antik believes that it
has an opportunity  to be successful in the high end fashion jean market,  there
can be no assurance that Antik will be successful in accomplishing  its business
initiatives,  or that it will achieve any significant level of revenues, or ever
recognize net income, from the sale of its products.

      The business of Antik  involves a number of risks and  uncertainties  that
could cause Antik's actual results to differ  materially from those estimated by
management from time to time. Potential risks and uncertainties include, but are
not limited to, such factors as fluctuations in demand for Antik's products, the
introduction of new products, Antik's ability to maintain customer and strategic
business  relationships,  the impact of competitive products and pricing, growth
in targeted markets, the adequacy of Antik's liquidity and financial strength to
support its growth, and other information that may be detailed from time to time
in Marine's  filings with the United States  Securities and Exchange  Commission
should the  exchange  transaction  contemplated  by the  Exchange  Agreement  be
completed.

                                       4
Although  there can be no assurance  that the parties will complete the
exchange transaction  contemplated by the Exchange Agreement,  to the extent the
transaction is completed, additional information regarding the business of Antik
(including  audited  financial  statements for the period from inception through
December 31, 2004) will be disclosed in a Current Report on Form 8-K to be filed
at closing of the exchange transaction.

      Item 9.01 Financial Statements and Exhibits.

      (a) Financial statements of business acquired. None.

      (b) Pro forma financial information. None.

      (c) Exhibits.

            2.5   Exchange Agreement by and between Marine Jet Technology Corp.,
                  Antik Denim,  LLC,  and the members of Antik Denim,  LLC dated
                  April 14, 2005.

                                   SIGNATURES

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
Marine Jet  Technology  Corp.  has duly  caused  this report to be signed on its
behalf by the undersigned hereunto duly authorized.

                                        Marine Jet Technology Corp.

Date:  April 15, 2005                   By:
                                               ----------------------------
                                               Kevin R. Keating, President
                                               and Sole Director

                                       5
EXHIBIT INDEX

Exhibit Number    Description of Exhibit
--------------    ----------------------

2.5               Exchange Agreement by and between Marine Jet Technology Corp.,
                  Antik Denim,  LLC,  and the members of Antik Denim,  LLC dated
                  April 14, 2005.

                                       6