_______________________________________________________________________________
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) July 20, 1998.
MEDJET INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
Delaware 000-11765 22-3283541
(State or Other (Commission File Number) (I.R.S. Employer
Jurisdiction of Incorporation) Identification Number)
1090 King Georges Post Road, Suite 301
Edison, New Jersey 08837
(Address of Principal Executive Offices, Including Zip Code)
(732) 738-3990
(Registrant's Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
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ITEM 5. OTHER EVENTS.
Pursuant to an agreement with Patterson Travis, Inc., Medjet Inc.
(the "Registrant") has extended the expiration date (the "Expiration
Date") of its publicly traded Class A Redeemable Common Stock Warrants
(the "Warrants") originally issued and sold by the Registrant in
August 1996 in connection with its initial public offering of
securities consisting of units, each unit comprised of one (1) share
of the Registrant's Common Stock, par value $.001 per share ("Common
Stock"), and one (1) Warrant.
Prior to the Expiration Date, which has been extended from 5:00
p.m. on November 6, 1998 to 5:00 p.m. on November 6, 1999, each
Warrant entitles the holder thereof to purchase, at an exercise price
of $10 per share, one share of Common Stock.
Certain additional information regarding the extension of the
Expiration Date is included in the press release dated July 20, 1998
(the "Press Release") which is filed as an exhibit hereto.
The Press Release is qualified in its entirety by reference to
the complete text of such exhibit.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) EXHIBITS.
The following exhibits are filed with this Form 8-K:
4.1 Warrant Agreement, dated August 6, 1996, by and between
the Registrant and Continental Stock Transfer & Trust
Company.
99.1 Press Release relating to the extension of the
Expiration Date of the Warrants.
SIGNATURES
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.
MEDJET INC.
(REGISTRANT)
Date: July 21, 1998 By:/s/ Terence A. Walts
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Name: Terence A. Walts
Title: President and Chief Operating Officer
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
4.1 Warrant Agreement, dated August 6, 1996, by and between
the Registrant and Continental Stock Transfer & Trust
Company.
99.1 Press Release relating to the extension of the Expiration
Date of the Warrants.