U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section
17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the
Investment Company Act of 1940
<TABLE>
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<S> <C> <C>
1. Name and Address of Reporting Person 2. Issuer Name and Ticker 6. Relationship of Reporting Person to Issuer
or Trading Symbol (Check all applicable)
Maritime Transport & _X__ Director
Technology, Inc. MITR _X __ 10% Owner
_X_ Officer (give title below)
_____Other (specify below)
_________________________
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(Last) 3. IRS or Social Security 4. Statement for Month /
(First) (Middle) Number Year
Paul Clark D of Reporting Person April 1998
(Voluntary)
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(Street) 5. if Amendment, Date of
1535 Memphis Junction Road, Original (Month / Year)
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(City)
(State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or
Bowling Green, Kentucky 42101 Beneficially Owned
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1. Title of Security 2. 3. 4. Securities Acquired (A) or 5. Amount of 6. Ownership 7. Nature
(Instr. 3) Transaction Trans-actionDisposed of (D) (Instr. 3, 4, Securities Form : Direct of Indirect
Date (Month Code and 5) Beneficially Owned (D) or Indirect Beneficial
/ Day / Year) (Instr. 8) at End of Month (I) (Instr. 4) Ownership
(Instr. 3 and 4) (Instr. 4)
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Code V Amout (A) Price
or (D)
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Common Stock 4/15/98 P 5,250,000 A $See explanations 5,250,000 D
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</TABLE>
<TABLE>
<CAPTION>
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g. puts, calls, warrants, options, covertible securities)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1.Title of 2.Conversion 3.Trans- 4.Trans- 5.Number of 6. Date 7.Title and 8. Price of 9.Number 10. 11.
Derivative or action action Derivative Exercisable Amount of Derivative of Ownership Nature
Security Exercise Date Code Securities and Date Underlying Security Derivative Form of of
(Instr. 3) Price of (Month (Instr. Acquired (A) Expiation Securities (Instr. 5) Securities Derivative Indirect
Derivative /Day/ 8) or Disposed (Month (Instr. 3 Beneficially Security: Bene
Security Year) of (D) and /Day/ and 4) Owned at Direct ficial
Instr. 3, 4, Year) End of (D) or (Ownership
and 5) Month Indirect Instr.4)
(Instr. (I)
4) (Instr.
4)
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Date Expir Title Amount/
Code V (A) (D) Exer ation #of
cisabl Date Shares
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</TABLE>
Explanation of Responses
Mr. Clark received this stock from the company in exchange for 3,500,000 -
the total number of shares which Mr. Clark held in B.G. Banking Equipment, Inc.,
a privately owned Kentucky Company of which Mr. Clark's shares represented 46%
of the total outstanding common stock.
Mr. Clark's wife, Roberta Clark, is also a holder of 5,250,000 shares of
the Company's common stock, however the couple disclaims Beneficial ownership of
each other, and both are therefore filing separate forms for reporting purposes.
By: /s/ Paul Clark 4/28/98
Signature of Reporting Person Date
** Intentional Misstatements or omissions of facts
constitute Federal Criminal Violations ** See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
