UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                 SCHEDULE 14f-1

                              INFORMATION STATEMENT
                        PURSUANT TO SECTION 14(f) OF THE
                         SECURITIES EXCHANGE ACT OF 1934
                      AND RULE 14F-1 PROMULGATED THEREUNDER


                           MARINE JET TECHNOLOGY CORP.
        (Exact name of registrant as specified in its corporate 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)


                                 April 19, 2005



                           MARINE JET TECHNOLOGY CORP.

                              INFORMATION STATEMENT
                        PURSUANT TO SECTION 14(f) OF THE
                         SECURITIES EXCHANGE ACT OF 1934
                      AND RULE 14f-1 PROMULGATED THEREUNDER


THIS INFORMATION STATEMENT IS BEING PROVIDED FOR INFORMATIONAL PURPOSES ONLY. NO
VOTE OR OTHER ACTION OF THE  COMPANY'S  STOCKHOLDERS  IS REQUIRED IN  CONNECTION
WITH THIS  INFORMATION  STATEMENT.  NO PROXIES ARE BEING  SOLICITED  AND YOU ARE
REQUESTED NOT TO SEND A PROXY TO THE COMPANY.

                                  INTRODUCTION

         This Information Statement is being furnished to stockholders of record
as of April 15, 2005 of the outstanding shares of common stock, par value $0.001
(the  "Common  Stock")  of Marine Jet  Technology  Corp.,  a Nevada  corporation
("Marine"),  pursuant to Section  14(f) of the  Securities  Exchange Act of 1934
(the "Exchange Act") and Rule 14f-1 promulgated  thereunder,  in connection with
the issuance of certain shares of Series A Convertible  Preferred Stock pursuant
to an Exchange Agreement (the "Exchange  Agreement") dated as of April 14, 2005,
by and among Marine,  Antik Denim,  LLC, a limited  liability  company organized
under the laws of the State of California  ("Antik"),  the members of Antik (the
"Antik  Members"),  and Keating  Reverse  Merger Fund,  LLC, a Delaware  limited
liability company ("KRM Fund").

         The Exchange Agreement provides that Marine's current sole director and
officer,  Kevin R.  Keating,  shall resign  effective as of the Closing Date (as
defined in the Exchange  Agreement)  and that 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  continue  as a director  of Marine  following  the
closing of the exchange transaction. Effective as of the Closing Date, Paul Guez
will become the Chief Executive Officer and President of Marine,  Elizabeth Guez
will become  Chief  Operating  Officer of Marine,  and Patrick  Chow will become
Chief  Financial  Officer of Marine.  Marine  will,  to the extent  permitted by
applicable law,  secure the  resignation of, or remove,  Kevin R. Keating as the
President,  Secretary  and Treasurer of Marine so as to enable the above persons
to be appointed as officers in accordance with the Exchange Agreement.  Kevin R.
Keating has indicated his intent to resign as an officer of Marine  effective as
of the Closing Date.

         This Information Statement is being furnished pursuant to Section 14(f)
of the Exchange Act, and Rule 14f-1 promulgated thereunder.

         No  action is required by the stockholders of Marine in connection with
this Information Statement.  However,  Section 14(f) of the Exchange Act of 1934
and  Rule  14f-1  promulgated   thereunder   require  the  mailing  to  Marine's
stockholders  of  record  of the  information  set  forth  in  this  Information
Statement  at least 10 days prior to the date a change in a majority of Marine's
directors  occurs  (otherwise  than  at a  meeting  of  Marine's  stockholders).


                                       1


Accordingly,  the closing of the  transactions  contemplated  under the Exchange
Agreement  ("Closing")  and the  resulting  change  in a  majority  of  Marine's
directors  will not occur until at least 10 days  following  the mailing of this
Information  Statement.  This  Information  Statement  will be first  mailed  to
Marine's stockholders of record on or about April 19, 2005.

                     PROPOSED CHANGE IN CONTROL TRANSACTION

         On  April 14, 2005,  Marine  entered into the Exchange  Agreement  with
Antik,  the Antik Members,  and 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 will 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.  Currently,  Marine  has  28,122,570
shares of common stock issued and  outstanding  and no shares of preferred stock
issued and outstanding.

         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 Preferred  Shares 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 Preferred Share will carry a number
of votes equal to the number of shares of common stock issuable in the 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.


                                       2


         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,  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  Information
Statement,  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 may,
in its discretion,  provide special treatment to certain Marine  stockholders to
preserve round lot holders (i.e.,  holders owning at least 100 shares) after the
Reverse Split.  In the event  Marine's board  determines to provide such special
treatment, Marine stockholders holding 2,900 or fewer shares of common stock but
at least 100 shares of common  stock  will  receive  100 shares of common  stock
after the  Reverse  Split,  and persons  holding  less than 100 shares of common
stock  would not be  affected.  The terms and  conditions  of special  treatment
afforded to Marine  stockholders  to preserve  round lot  stockholders,  if any,
including the record dates for determining  which  stockholders  may be eligible
for such special  treatment,  will be  established in the discretion of Marine's
board of directors.

         Effective  as of the  Closing,  and  subject to  applicable  regulatory
requirements,  including  the  preparation,  filing  and  distribution  of  this
Information  Statement  to the record  stockholders  of Marine 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 Paul Guez (Antik's  Manager
and Chief Executive Officer),  David Weiner, a director designated by Paul Guez,
and 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.

          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.


                                       3


         Marine'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) execution by KRM Fund and each
Member of voting  agreements;  (ii) preparation,  filing and distribution to the
Marine stockholders of this Information Statement; and (iii) 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  manager  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 assurance  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.

         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. On
April 15, 2005, in its Current  Report on Form 8-K dated April 14, 2005,  Marine
reported  the  execution of the  Exchange  Agreement  and included a copy of the
Exchange  Agreement  therein as Exhibit 2.5.  These  Current  Reports are hereby
incorporated by reference.


                                VOTING SECURITIES

         Marine's  common stock is the only class of equity  securities  that is
currently   outstanding   and   entitled  to  vote  at  a  meeting  of  Marine's
stockholders.  Each share of common  stock  entitles  the holder  thereof to one
vote.  As of April 15, 2005,  there were  28,122,570  shares of Marine's  common
stock outstanding.


                                       4


                                MARINE'S BUSINESS

         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.

                                ANTIK'S BUSINESS

         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.

         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.


                                       5


                             DIRECTORS AND OFFICERS

         Effective  as of  February  9,  2005,  in  connection  with a change of
control of Marine, Jeff P. Jordan resigned as Marine's President,  Treasurer and
one of its directors,  Martha A. Jordan,  the spouse of Mr. Jordan,  resigned as
Marine's Secretary and one of its directors,  and Wilbur Sebree, resigned as one
of Marine's  directors.  Kevin R.  Keating  was  appointed  Marine's  President,
Treasurer,  Secretary  and  sole  director.  Concurrently,   Marine's  principal
executive  office was moved to 936A Beachland  Boulevard,  Suite 13, Vero Beach,
Florida 32963.

         The  following  table  sets  forth  the  names,  positions  and ages of
Marine's current executive officers and directors. All directors serve until the
next annual meeting of  stockholders  or until their  successors are elected and
qualified.  Officers  are elected by the board of  directors  and their terms of
office are,  except to the extent  governed by an  employment  contract,  at the
discretion of the board of directors.

              NAME                 AGE                        POSITION
      ------------------------  -----------  -----------------------------------
      Kevin R. Keating (1)          65       President, Treasurer, Secretary and
                                             Director
         
     (1) Mr. Keating became President, Secretary, Treasurer, and a director
         effective February 9, 2005.


         Mr.  Keating,  sole  Director,  President,  Secretary  and Treasurer of
Marine,  is an  investment  executive  and for the past nine  years has been the
Branch  Manager of the Vero Beach,  Florida,  office of  Brookstreet  Securities
Corporation.  Brookstreet  is a  full-service,  national  network of independent
investment  professionals.  Mr. Keating services the investment needs of private
clients with special  emphasis on equities.  For more than 35 years, he has been
engaged in various  aspects of the investment  brokerage  business.  Mr. Keating
began his Wall Street career with the First Boston  Company in New York in 1965.
From 1967  through  1974,  he was  employed  by several  institutional  research
boutiques where he functioned as Vice President Institutional Equity Sales. From
1974 until 1982,  Mr. Keating was the President and Chief  Executive  Officer of
Douglas Stewart, Inc., a New York Stock Exchange member firm. Since 1982, he has
been associated with a variety of firms as a registered representative servicing
the needs of  individual  investors.  Mr.  Keating is also the  manager and sole
member of Vero Management, LLC, which has a management agreement with Marine.


                                       6


                        COMMITTEES OF BOARD OF DIRECTORS

         Marine has an audit  committee and audit  committee  charter.  Marine's
audit committee is comprised of all of its directors,  which currently  consists
of Kevin R. Keating.  A copy of Marine's audit committee  charter is filed as an
exhibit to its Annual  Report  filed on Form 10-KSB for the year ended  December
31, 2003.  Marine is not a "listed company" under SEC rules and is therefore not
required to have an audit committee comprised of independent directors. Marine's
board of directors has  determined  that its members do not include a person who
is an "audit  committee  financial  expert"  within the meaning of the rules and
regulations of the SEC.  Marine's board of directors has determined that each of
its  current  members  is able  to read  and  understand  fundamental  financial
statements and has substantial business experience that results in that member's
financial sophistication. Accordingly, the board of directors believes that each
of its current members have the sufficient knowledge and experience necessary to
fulfill the duties and obligations that an audit committee would have.

         Marine's  audit  committee  is  responsible   for:  (1)  selection  and
oversight of its independent  accountant;  (2)  establishing  procedures for the
receipt,  retention and treatment of complaints regarding  accounting,  internal
controls and auditing matters; (3) establishing procedures for the confidential,
anonymous  submission  by its  employees of concerns  regarding  accounting  and
auditing  matters;  (4)  engaging  outside  advisors;  and,  (5) funding for the
outside auditory and any outside advisors engagement by the audit committee.

         Marine has a disclosure  committee and  disclosure  committee  charter.
Marine's disclosure committee is comprised of all of its officers and directors,
which currently consists of Kevin R. Keating. The purpose of the committee is to
provide  assistance to its senior officers in fulfilling their  responsibilities
regarding the identification and disclosure of material information about Marine
and the accuracy,  completeness and timeliness of its financial  reports. A copy
of Marine's  disclosure  committee  charter is filed as an exhibit to its Annual
Report filed on Form 10-KSB for the year ended December 31, 2003.

         Marine does not have a standing compensation or nominating committee or
committees  performing similar functions because it has no meaningful operations
and has no employees.  Marine determined not to establish a nominating committee
at this time in view of changes  in the  composition  of the board of  directors
that will occur on the Closing Date. Previously,  nominations were determined by
the members of the then existing board of directors.

         Marine's  board of directors  may  designate  from among its members an
executive  committee and one or more other  committees.  No such committees have
been appointed.


                                       7


                        DIRECTOR AND OFFICER COMPENSATION

         The following executive  compensation chart highlights the compensation
for Marine's executive officers. No other executive officers received salary and
bonus in excess of $100,000 for the prior three fiscal years.



                                                                        --------------------------------------
                                                                               Long Term Compensation
                                                                        --------------------------------------
                                         Annual Compensation                     Awards             Payouts 
------------------------------ ---------------------------------------- -------------------------- ----------- -----------------
                                                                                      Securities
        Name                                               Other        Restricted    Underlying
         and                                               Annual          Stock       Options/       LTIP        All Other
      Principal                             Bonus       Compensation     Award(s)      SARs (#)     Payouts      Compensation
      Position          Year   Salary ($)     ($)           ($)             ($)          (2)          ($)            ($)
---------------------- ------- ------------ --------- ----------------- ------------ ------------- ----------- -----------------
                                                                                             
Kevin R. Keating        2004       N/A        N/A           N/A             N/A          N/A          N/A            N/A
(Pres., Secr., and
Treas.) (1)
---------------------- ------- ------------ --------- ----------------- ------------ ------------- ----------- -----------------
Jeff P. Jordan          2004       $0          $0            $0             N/A          N/A          N/A            N/A
(President and          2003       $0          $0            $0             N/A          N/A          N/A            N/A
Treasurer) (2)          2002       $0          $0            $0             N/A          N/A          N/A            N/A
---------------------- ------- ------------ --------- ----------------- ------------ ------------- ----------- -----------------
Martha A. Jordan        2004       $0          $0            $0             N/A          N/A          N/A            N/A
(Secretary) (2)         2003       $0          $0            $0             N/A          N/A          N/A            N/A
                        2002       $0          $0            $0             N/A          N/A          N/A            N/A
---------------------- ------- ------------ --------- ----------------- ------------ ------------- ----------- -----------------


(1)      Mr.  Keating became  President,  Secretary,  Treasurer,  and a director
         effective  February 9, 2005.  On February 17, 2005,  Marine  issued Mr.
         Keating  1,000,000  shares of its  common  stock in  consideration  for
         services rendered by him, valued at $10,000.

(2)      Effective  as of  February  9,  2005,  in  connection  with a change of
         control of Marine, Jeff P. Jordan resigned as its President,  Treasurer
         and one of its directors,  Martha A. Jordan,  the spouse of Mr. Jordan,
         resigned as its Secretary and one of its directors,  and Wilbur Sebree,
         resigned as one of its directors.

         There were no option grants to any executive officers during the fiscal
year ended  December 31, 2004,  and no options were  exercised by any  executive
officer during the fiscal year ended December 31, 2004.

         Marine did not pay any  compensation  to any director in 2002,  2003 or
2004.

         Marine  terminated  its  non-qualified   stock  option  plan  effective
February  4, 2005 and,  in  connection  with this  termination,  Marine  filed a
post-effective  amendment to withdraw from  registration  any  remaining  shares
under its then current S-8 registration statement.


                                       8


                           NEW DIRECTORS AND OFFICERS

         The Exchange  Agreement provides that, on the Closing Date, the current
officers of Marine shall resign and Marine shall appoint the  following  persons
as executive officers and directors of Marine. Kevin R. Keating will continue to
serve as a director of Marine following the Closing Date as the KRM Designate.



  --------------------------------- ----------- ---------------------------------------------------
                NAME                   AGE                         POSITION
  --------------------------------- ----------- ---------------------------------------------------
                                          
  Paul Guez                             60      Chief Executive Officer, President and Director
  --------------------------------- ----------- ---------------------------------------------------
  Elizabeth Guez                        51      Chief Operating Officer
  --------------------------------- ----------- ---------------------------------------------------
  Patrick Chow                          51      Chief Financial Officer
  --------------------------------- ----------- ---------------------------------------------------
  David Weiner                          48      Director
  --------------------------------- ----------- ---------------------------------------------------


         Mr. Guez is the owner and Chief Executive Officer of Blue Concept,  LLC
and  its  several  affiliates,  which  are  engaged  in the  design,  marketing,
manufacturing  and wholesale  distribution of premium fashion  collections for a
growing stable of contemporary  brands,  including Yanuk, U, Taverniti So Jeans,
Duarte Jeans,  Elvis,  Memphis  Blues and Grail Jeans.  For the nine year period
prior to the  formation of Blue  Concept in 2002,  Mr. Guez  co-operated  Azteca
Production  International,  Inc.,  a Los  Angeles  based  manufacturer  of denim
apparel.  Mr. Guez started his career in the apparel  industry in 1976,  when he
launched Sasson Jeans.

         Ms. Guez is the Chief Operating Officer for Blue Concept and several of
its  affiliates.  From 1970  through  1978,  Ms. Guez  attended  Monmouth  (West
Longbranch,  NJ) and Fashion  Institute  of  Technology  of New York City.  From
1974-1982,   she  held  various   buying  and  store  line   positions  for  the
Bamberger/Macy  organization.  Ms.  Guez  subsequently  held  various  sales and
merchandising positions with Esprit de Corp, Chaus, and Jag of Beverly Hills.

         Mr. Chow was Chief Financial  Officer and a director of Tarrant Apparel
Group from January 2002 to August 2004 and stayed as a consultant until January,
2005. He joined  Tarrant as Treasurer in November,  1998.  From 1996 to 1998, he
served as  General  Manager of Fortune  Chart  Consultants  Limited in Hong Kong
where he provided financial  consulting services to corporate clients.  Mr. Chow
has a Bachelor of Arts degree from the  University of Hong Kong and two diplomas
in Banking and Financial Studies from the Chartered Institute of Bankers, United
Kingdom.

         Mr.  Weiner  is  the  President  of  W-Net,  Inc.,  an  investment  and
consulting  firm he founded in 1998. From December 2002 to April 2003 Mr. Weiner
was  Co-President  for Trestle  Holding Inc., a provider of digital  imaging and
telemedicine  products.  In 1993, Mr. Weiner joined K-tel, a music retailer,  as
Vice  President  of  Corporate  Development.  After  creating  and  successfully
executing a business plan for K-tel, he advanced to the position of President in
1996, which he held until he left to form W-Net in 1998.

         Paul and Elizabeth Guez are husband and wife.


                                       9


         The board of directors  following the Closing may determine to increase
the size of the board from three (3) members to five (5) members.  In such case,
pursuant  to  the  Exchange  Agreement  and  a  certain  Voting  Agreement,  the
additional two director  positions will be filled by a person designated by Paul
Guez.  Under  the  terms  of the  Voting  Agreement,  for a  period  of one year
following the Closing,  the Antik Members and KRM Fund have agreed to vote their
shares of Marine's common stock to elect the KRM Designate and the other persons
designated by Paul Guez to fill any remaining open director positions.

         The Preferred Shares to be received by the Antik Members as part of the
exchange  transaction  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  (including  the election of directors).  Each Preferred  Share
will  carry a number of votes  equal to the  number  of  shares of common  stock
issuable in the 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.

         To the best of Marine's knowledge,  neither of the proposed officers or
directors  intended to be  appointed  following  the  Closing,  nor any of their
affiliates,  currently  beneficially  own any  equity  securities  or  rights to
acquire any securities of Marine,  and no such persons have been involved in any
transaction  with  Marine  or  any  of  its  directors,  executive  officers  or
affiliates  that  is  required  to  be  disclosed  pursuant  to  the  rules  and
regulations of the Securities and Exchange  Commission,  other than with respect
to the  transactions  that have been described  herein.  To the best of Marine's
knowledge,  neither  of the  proposed  officers  and  directors  intended  to be
appointed  following the Closing have been  convicted in a criminal  proceeding,
excluding traffic violations or similar misdemeanors, nor have they been a party
to any judicial or administrative  proceeding during the past five years, except
for matters that were dismissed without sanction or settlement, that resulted in
a judgment,  decree or final order  enjoining the person from future  violations
of, or prohibiting activities subject to, federal or state securities laws, or a
finding of any violation of federal or state securities laws.

                              SECURITY OWNERSHIP OF
                    CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

         The following table sets forth certain  information  regarding Marine's
common stock beneficially owned on April 15, 2005 for (i) each stockholder known
to be the beneficial owner of 5% or more of Marine's  outstanding  common stock,
(ii) each executive officer and director,  and (iii) all executive  officers and
directors as a group. In general,  a person is deemed to be a "beneficial owner"
of a  security  if that  person  has or shares  the power to vote or direct  the
voting of such security, or the power to dispose or to direct the disposition of
such  security.  A  person  is  also  deemed  to be a  beneficial  owner  of any
securities  of which the person has the right to  acquire  beneficial  ownership
within 60 days. At April 15, 2005,  Marine had 28,122,570 shares of common stock
outstanding.



                                       10




------------------------------------------ ------------------------------------ ----------------------------
                  Name                     Number of Shares Beneficially Owned       Percent of Shares
------------------------------------------ ------------------------------------ ----------------------------
                                                                                      
Kevin R. Keating                                      1,000,000 (1)                        3.6%
936A Beachland Boulevard, Suite 13
Vero Beach, Florida 32963
------------------------------------------ ------------------------------------ ----------------------------
Keating Reverse Merger Fund, LLC                     20,306,500 (2)                        72.2%
5251 DTC Parkway, Suite 1090
Greenwood Village, Colorado 80111
------------------------------------------ ------------------------------------ ----------------------------
All  Executive  Officers and Directors as               1,000,000                          3.6%
a group (1 person)
------------------------------------------ ------------------------------------ ----------------------------


(1)      On February  17, 2005,  Marine  issued  1,000,000  shares of its common
         stock to Kevin R. Keating, its sole officer and director,  for services
         rendered to Marine with a fair value of  $10,000.  Kevin R.  Keating is
         not  affiliated  with and has no equity  interest  in  Keating  Reverse
         Merger Fund, LLC and disclaims any beneficial interest in the shares of
         Marine's common stock owned by Keating Reverse Merger Fund, LLC.

(2)      On February 9, 2005,  Mr.  Jordan  sold  15,306,500  shares of Marine's
         common stock owned by him to Keating  Reverse  Merger  Fund,  LLC for a
         purchase  price of  $440,000.  On  February  17,  2005,  Marine  issued
         5,000,000  shares of its common stock to Keating  Reverse  Merger Fund,
         LLC for an aggregate purchase price of $50,000.  Keating Reverse Merger
         Fund,  LLC is not owned by or  affiliated  with  Kevin R.  Keating  and
         disclaims  any  beneficial  interest in the shares of  Marine's  common
         stock owned by Kevin R. Keating.

         The following table sets forth certain  information  regarding Marine's
common stock beneficially owned on April 15, 2005 for (i) each stockholder known
to be the beneficial owner of 5% or more of Marine's  outstanding  common stock,
(ii) each executive officer and director,  and (iii) all executive  officers and
directors  as a  group,  on a  pro  forma  basis  to  reflect  the  transactions
contemplated by the Exchange  Agreement on a pre-Reverse  Split basis,  assuming
such transactions  were completed as of such date.  Unless otherwise  indicated,
each person in the table will have sole voting and investment power with respect
to the shares shown after,  and subject to, the consummation of the transactions
contemplated  by  the  Exchange  Agreement.  The  information  is  provided  for
disclosure  purposes  as  there  can  be  no  assurance  that  the  transactions
contemplated by the Exchange  Agreement will be completed.  The following table,
as of April 15, 2005,  assumes a total of 740,067,719  shares of Marine's common
stock outstanding, on a pro forma basis to reflect the transactions contemplated
by  the  Exchange  Agreement  on  a  pre-Reverse  Split  basis,   assuming  such
transactions were completed as of such date.


                                       11




----------------------------------------------------------------------------------------------------
   NAME OF BENEFICIAL OWNER                       AMOUNT OF BENEFICIAL     PERCENT OF BENEFICIAL
                                                        OWNERSHIP                OWNERSHIP
----------------------------------------------------------------------------------------------------
                                                                               
Paul Guez (1)                                          534,574,596                72.23%
----------------------------------------------------------------------------------------------------
Meyer Abbou (1)                                         58,136,760                 7.86%
----------------------------------------------------------------------------------------------------
Philippe Naouri (1)                                     58,136,760                 7.86%
----------------------------------------------------------------------------------------------------
Alex Cangant (1)                                        58,136,760                 7.86%
----------------------------------------------------------------------------------------------------
Elizabeth Guez (1), (2)                                534,574,596                72.23%
----------------------------------------------------------------------------------------------------
David Weiner (1)                                                 0                  0.0%
----------------------------------------------------------------------------------------------------
Kevin R. Keating                                         1,000,000                 0.14%
936A Beachland Boulevard, Suite 13
Vero Beach, Florida 32963
----------------------------------------------------------------------------------------------------
Keating Reverse Merger Fund, LLC                        20,306,500                 2.74%
5251 DTC Parkway, Suite 1090
Greenwood Village, Colorado 80111
----------------------------------------------------------------------------------------------------
All Executive Officers and Directors as a group        535,574,596                72.37%
----------------------------------------------------------------------------------------------------


(1)      Address is c/o Antik  Denim,  LLC,  5804 E.  Slauson  Avenue  Commerce,
         California 90040. Assumes the Closing of the transactions  contemplated
         by the Exchange Agreement.  The beneficial ownership of Marine's common
         stock is based on the holder's respective  ownership of Marine's Series
         A Preferred  Stock,  on an  as-converted  basis  prior to the  proposed
         Reverse  Split.  Each share of Series A Preferred  Stock is convertible
         into 841 shares of Marine's  common stock on  pre-Reverse  Split basis.
         The  shares  of  Series  A  Preferred   Stock  will   immediately   and
         automatically  be converted  into shares of Marine's  common stock 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.

(2)      Includes all shares beneficially owned by her spouse, Paul Guez.


                                       12


                 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

         On January 20, 2005,  Marine entered into an Assumption  Agreement with
Mr. Jeff Jordan and Intellijet Marine, Inc. ("Intellijet"), a Nevada corporation
that Marine  established  as a  wholly-owned  subsidiary.  Under the  Assumption
Agreement, Marine transferred all of its assets, except for 21,822,570 shares of
common stock of Intellijet  and  approximately  $2,500 in cash,  to  Intellijet.
Intellijet  agreed to assume all of Marine's  liabilities and obligations and to
indemnify  Marine  for any  loss  Marine  incurs  with  respect  to the  assumed
liabilities.  Mr. Jordan and  Intellijet  also agreed to release Marine from any
and  all   obligations  and  claims   whatsoever.   Shares  of  Intellijet  were
subsequently  distributed to Marine's stockholders and Intellijet operates as an
independent company.

         On February 9, 2005,  Mr.  Jordan  sold  15,306,500  shares of Marine's
common stock owned by him to KRM Fund for a purchase price of $440,000  pursuant
to a Securities Purchase Agreement.

         In  connection  with  the  completion  of the  transactions  under  the
Assumption Agreement and the Securities Purchase Agreement,  Mr. Jordan received
full payment on the  remaining  principal  balance under certain notes issued to
him by Marine.

         On  February  17,  2005,  Marine  entered  into a  contract  with  Vero
Management,  LLC ("Vero") for managerial and administrative  services.  Vero has
not been  engaged  to  provide,  and Vero does not  render,  legal,  accounting,
auditing,  investment banking or capital formation services. Kevin R. Keating is
the manager of Vero. The term of the contract is for one year. In  consideration
of the  services  provided,  Vero will be paid  $1,000  for each  month in which
services are rendered.  The agreement  with Vero will be terminated on or before
the Closing.

         On February  17, 2005,  Marine  issued  1,000,000  shares of its common
stock to Kevin R.  Keating,  Marine's  sole officer and  director,  for services
rendered to Marine with a fair value of $10,000.

         On February  17, 2005,  Marine  issued  5,000,000  shares of its common
stock to KRM Fund for an aggregate purchase price of $50,000.

         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 current majority stockholder of Marine. Keating Investments, LLC is
also the managing member and 90% owner of Keating Securities,  LLC, a registered
broker-dealer.  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.

         At or prior to the  Closing,  Marine  will  also  enter  into a certain
financial  advisory agreement with Keating  Securities,  LLC under which Keating
Securities,  LLC will be compensated by Marine its advisory services rendered to


                                       13


Marine in  connection  with the Closing.  The  transaction  advisory fee will be
$350,000, with the payment thereof being subject to and paid at the Closing.

             SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE

         Section  16(a) of the  Securities  Exchange  Act of 1934,  as  amended,
requires Marine's directors and executive officers, and persons who beneficially
own more than 10% of a registered class of Marine's equity  securities,  to file
reports of beneficial  ownership and changes in beneficial ownership of Marine's
securities with the SEC on Forms 3 (Initial Statement of Beneficial  Ownership),
4 (Statement of Changes of  Beneficial  Ownership of  Securities)  and 5 (Annual
Statement of Beneficial Ownership of Securities).  Directors, executive officers
and beneficial  owners of more than 10% of Marine's common stock are required by
SEC  regulations  to furnish  Marine with copies of all Section 16(a) forms that
they file.  Except as otherwise set forth herein,  based solely on review of the
copies of such forms  furnished to Marine,  or written  representations  that no
reports were required,  Marine  believes that for the fiscal year ended December
31, 2004 beneficial  owners complied with the Section 16(a) filing  requirements
applicable to them in that each officer, director and beneficial owner of 10% or
more of Marine's securities filed a Form 3 with the SEC and has had no change of
ownership since such filing.  Each of such necessary filings,  as required to be
made by Messrs.  Paul Guez,  Elizabeth Guez,  Patrick Chow, David Weiner,  Meyer
Abbou,  Philippe  Naouri,  and Alex  Cangant  will be filed  with the SEC  after
Closing.



                                       14


                                    SIGNATURE


         In  accordance  with  Section  13 or 15(d)  of the  Exchange  Act,  the
Registrant  caused  this  Report to be signed on its behalf by the  undersigned,
thereunto duly authorized.


                                                  MARINE JET TECHNOLOGY CORP.
                                                  (Registrant)


                                                  By: /s/ Kevin R. Keating
                                                      --------------------
                                                  Name:  Kevin R. Keating
                                                  Title: President

Dated:   April 19, 2005




                                       15