Marine Jet Technology Corp (fka mjet)

[goingin60]

boy that sure sounds like a speech I heard in a chatroom on Thurs. here's your News tonight.
(I guess all your post were right after all)

MJET: Agrees to Acquire Antik Denim for 843K Conv Pfd Shrs

Friday , April 15, 2005 18:59 ET

Marine Jet Technology Corp (OTCBB : MJET) reported that on April 14, 2005, Marine Jet Technology Corp., entered into an Exchange Agreement with Antik Denim, LLC, the members of Antik, and Keating Reverse Merger Fund, LLC. Under the Exchange Agreement, Marine will, at closing, acquire all of the outstanding membership interests of Antik 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, which shall be convertible into 708,984,875 shares of Marine's common stock.