SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 12B-25
                                                  Commission File Number 1-11765
                                                        CUSIP Number 58501K 10 7
                           NOTIFICATION OF LATE FILING

(Check One):      |_|  Form 10-K, 10-KSB  |_| Form 20-F  |_| Form 11-K
                  |X| Form 10-Q, 10-QSB   |_|  Form N-SAR

         For Period Ended:    MARCH 31, 2004
                           -----------------------------------------------------

|_| Transition Report on Form 10-K           |_| Transition Report on Form 10-Q
|_| Transition Report on Form 20-F           |_| Transition Report on Form N-SAR
|_| Transition Report on Form 11-K
         For the Transition Period Ended:
                                         ---------------------------------------

READ ATTACHED INSTRUCTION SHEET BEFORE PREPARING FORM.  PLEASE PRINT OR TYPE.

Nothing  in this  form  shall be  construed  to imply  that the  Commission  has
verified any information contained herein.

If the notification  relates to a portion of the filing checked above,  identify
the item(s) to which the notification relates:  N/A
                                              --------

                                     PART I
                             REGISTRANT INFORMATION

Full name of registrant  MEDJET INC.
                       ---------------------------------------------------------

Former name if applicable
     N/A
- --------------------------------------------------------------------------------

Address of Principal Executive Office (STREET AND NUMBER)
     1535 COLES AVENUE
- --------------------------------------------------------------------------------

City, State and Zip Code  MOUNTAINSIDE, NEW JERSEY 07092
                        --------------------------------------------------------

                                     PART II
                             RULE 12B-25 (B) AND (C)

         If the subject report could not be filed without unreasonable effort or
expense  and  the  registrant  seeks  relief  pursuant  to Rule  12b-25(b),  the
following should be completed. (Check box if appropriate)

|X| (a) The  reasons  described  in  reasonable  detail in Part III of this form
    could not be eliminated without unreasonable effort or expense;

|X| (b) The subject annual report, semi-annual report, transition report on Form
    10-K,  Form 20-F,  Form 11-K or Form N-SAR, or portion thereof will be filed
    on or before the 15th calendar day following the prescribed due date; or the
    subject  quarterly  report or  transition  report on Form  10-Q,  or portion
    thereof  will be filed on or before the fifth  calendar  day  following  the
    prescribed due date; and

|_| (c) The  accountant's  statement or other exhibit required by Rule 12b-25(c)
    has been attached if applicable.




                                    PART III
                                    NARRATIVE

         State below in reasonable  detail the reasons why Form 10-K, Form 20-F,
Form 11-K, Form 10-Q, Form N-SAR or the transition  report portion thereof could
not be filed within the prescribed time period.

          Medjet Inc. (the  "Company") had no revenues during the fiscal quarter
ended March 31,  2004,  and its research and  development  activities  have been
discontinued  as of August  2003.  The  Company is  currently  pursuing  outside
funding options, which, if successful,  would allow the Company to continue as a
going concern, and the Company requires additional time to assemble and evaluate
information regarding such funding for potential disclosure in its Form 10-QSB.

         Due to the above matters,  timely filing of the Company's Annual Report
on Form 10-QSB for the period  ended  March 31,  2004 could not be  accomplished
without unreasonable effort and expense.  Accordingly,  the Company respectfully
requests an extension  of the filing date of such Form 10-QSB.  The Company will
file such Form 10-QSB as soon as practicable  after the date hereof,  but in any
event on or before the fifth calendar day following the prescribed due date.


                                     PART IV
                                OTHER INFORMATION

         (1) Name and  telephone  number of person to  contact in regard to this
notification.

             EUGENE I. GORDON                 (908) 233-4677
- --------------------------------------------------------------------------------
               (Name)                         (Area Code) + (Telephone Number)

         (2) Have all other periodic  reports required under Section 13 or 15(d)
of the Securities  Exchange Act of 1934 or Section 30 of the Investment  Company
Act of 1940 during the  preceding 12 months or for such shorter  period that the
registrant was required to file such report(s) been filed?  If the answer is no,
identify report(s).
                                                                 |X| Yes  |_| No

         (3) Is it  anticipated  that  any  significant  change  in  results  of
operations  from the  corresponding  period  for the last  fiscal  year  will be
reflected by the  earnings  statements  to be included in the subject  report or
portion thereof?
                                                                 |X| Yes  |_| No

         If  so:  attach  an  explanation  of  the  anticipated   change,   both
narratively and  quantitatively,  and, if  appropriate,  state the reasons why a
reasonable estimate of the results cannot be made.

         The Company has had no revenue  during  fiscal  quarter ended March 31,
2004 and the  Company's  earnings  statements  to be attached to its Form 10-QSB
will reflect such lack of revenue.

                                   Medjet Inc.
- --------------------------------------------------------------------------------
                  (Name of Registrant as Specified in Charter)

         Has  caused  this  notification  to be  signed  on  its  behalf  by the
undersigned thereunto duly authorized.


Date:   MAY 18, 2004                  By:   /S/ EUGENE I. GORDON
       ----------------                    -------------------------------------
                                                Eugene I. Gordon,
                                                Chief Executive Officer


                                       2