UNITED STATES
                             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)

                                FEBRUARY 17, 2005


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

         (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)

          (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))



      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   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
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.  These  forward-looking
statements are based on assumptions  that may be incorrect,  and there can be no
assurance that these projections  included in these  forward-looking  statements
will come to pass.  The Company'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.


      On February 17, 2005,  Marine Jet Technology Corp. (the "Company")  issued
5,000,000  shares of its common stock ("Common Stock") to Keating Reverse Merger
Fund, LLC ("KRM Fund") at a purchase price of $0.01 per share,  for an aggregate
purchase price of $50,000. The funds will provide working capital to the Company
for operating expenses.

      On February 17,  2005,  the Company  also issued  1,000,000  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 $10,000,  or
$0.01 per share.

      On February 17, 2005, the Company also issued 300,000 shares of its Common
Stock to Garisch Financial, Inc. ("GFI") for consulting services rendered to the
Company with a fair value of $3,000, or $0.01 per share.

      The above  shares of Common  Stock were  issued  under an  exemption  from
registration  under  Section  4(2) of the  Securities  Act of 1933,  as  amended
("Securities  Act"). As such, the shares of Common Stock issued to KRM Fund, Mr.
Kevin R. Keating and GFI will be restricted  shares,  and the holder thereof may
not sell,  transfer or  otherwise  dispose of such shares  without  registration
under the  Securities Act or an exemption  therefrom.  The Company has agreed to
grant "piggyback"  registration rights to KRM Fund, Mr. Kevin R. Keating and GFI
with respect to the above shares.

      Immediately   following  the  above  stock  issuances,   the  Company  had
28,122,570  shares  of  Common  Stock  outstanding.  KRM  Fund  owns a total  of
20,306,500  shares of the  Company's  Common Stock  immediately  after the above
stock issuances.


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

                                    MARINE JET TECHNOLOGY CORP.

Date: February 17, 2005             By: /s/ Kevin R. Keating
                                       Kevin R. Keating, President and Secretary