don't forget this little part
(COMTEX) B: MJET: Issues 6.3M Shrs of Common Stk [delayed] ( EventX/Knobia
B: MJET: Issues 6.3M Shrs of Common Stk [delayed] ( EventX/Knobias.com )
Ridgeland, MS, FEB 22, 2005 (EventX/Knobias.com via COMTEX) -- Marine Jet
Technology Corp (OTCBB : MJET) announced in a Form 8-K that on 2/17/05, it
issued 5M shares of its common stock to Keating Reverse Merger Fund, LLC at a
purchase price of $0.01 per share, for an aggregate purchase price of $50K. The
funds will provide working capital to the Company for operating expenses.
On 2/17/05, the Company also issued 1M shares of its Common Stock to Mr. Kevin
R. Keating, the sole officer and director of the Company, for services rendered
to the Company with a fair value of $10K, or $0.01 per share.
On 2/17/05, the Company also issued 300K shares of its Common Stock to Garisch
Financial, Inc. for consulting services rendered to the Company with a fair
value of $3K, or $0.01 per share.
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and investing data covering all U.S. equities for investors and security
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Real-time desktop applications providing quotes, charts, level 2, analysis etc.;
Knobias RAiDAR providing thousands of real-time news stories, alerts and
documents daily; Knobias fundamentals providing a comprehensive database of
fundamental research information.
CONTACT: Knobias.com, LLC
601-978-3399
601-978-3675
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(COMTEX) B: MJET: Ex-Pres. Completes Sale of 15.3M Shrs to Keating Fund [d
B: MJET: Ex-Pres. Completes Sale of 15.3M Shrs to Keating Fund [delayed] ( Event
Ridgeland, MS, FEB 10, 2005 (EventX/Knobias.com via COMTEX) -- Marine Jet
Technology Corp (OTCBB : MJET) reported that on January 11, 2005, Mr. Jeff P.
Jordan entered into the Securities Purchase Agreement with Keating Reverse
Merger Fund, L.L.C., under which Keating agreed to purchase, and Mr. Jordan
agreed to sell, an aggregate of 15,306,500 shares of common stock of Marine Jet
Technology Corp. owned of record and beneficially by Mr. Jordan for a purchase
price of $440,000, or $0.029 per share. Mr. Jordan resigned as the Company's
President and Treasurer and a director of Marine Jet effective on the date of
this report.
On January 20, 2005, the Company entered into the Assumption Agreement with Mr.
Jordan and Intellijet Marine, Inc., a Nevada corporation that was then its
wholly-owned subsidiary. Under the Assumption Agreement, the Company 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 its liabilities and obligations and to indemnify the Company for any loss it
incurs with respect to the assumed liabilities. Mr. Jordan and Intellijet also
agreed to release the Company from any and all obligations and claims
whatsoever.
Following the completion of the transactions under the Assumption Agreement and
the distribution, Mr. Jordan completed the sale of his shares of Marine Jet to
Keating on February 9, 2005.
8-K
GET KNOBIAS IN REAL-TIME: Delivery of this proprietary Knobias alert has been
delayed by at least 10 minutes. To get all Knobias alerts in real-time daily,
visit knobias.com
ABOUT KNOBIAS: Knobias is a premier financial information provider of trading
and investing data covering all U.S. equities for investors and security
professionals. Knobias is best described by its three major components:
Real-time desktop applications providing quotes, charts, level 2, analysis etc.;
Knobias RAiDAR providing thousands of real-time news stories, alerts and
documents daily; Knobias fundamentals providing a comprehensive database of
fundamental research information.
CONTACT: Knobias.com, LLC
601-978-3399
601-978-3675
info@knobias.com
www.knobias.com/cmtx
Copyright 2004 Knobias.com, LLC, All rights reserved.
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SUBJECT CODE: Merger/Acquisition
Event Filing
Important Co. News
Major Agreements
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