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: APRIL 28, 2004

                            REWARD ENTERPRISES, INC.

               (Exact Name of Registrant as Specified in Charter)

          NEVADA                        000-27259               98-0203927
          ------                        ---------               ----------
(State or other jurisdiction          (Commission            (IRS Employer
      of incorporation)                File Number)          Identification No.)


 2033 MAIN STREET, SUITE 500, SARASOTA, FL                           34237
 -----------------------------------------                           -----
 (Address of principal executive offices)                          (Zip code)

  Registrant's telephone number, including area code:           (941) 928-7394
                                                                --------------







ITEM 5.  OTHER EVENTS AND REQUIRED FD DISCLOSURE

      On April  28,  2004,  Reward  Enterprises,  Inc.  and Magna  Yachts,  Inc.
terminated the non-binding letter of intent pursuant to which Reward Enterprises
was to acquire all of the  outstanding  shares of common stock of Magna  Yachts,
Inc.  in  exchange  for the  issuance  of  1,100,000,000  shares  of the  Reward
Enterprises' common stock to the current shareholders of Magna Yachts, Inc.


                                   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.

                                                     REWARD ENTERPRISES, INC.

                                                     /s/ Earl Ingarfield
                                                     ---------------------------
                                                     Earl Ingarfield
                                                     Chairman, President
                                                     Date:   May 6, 2004


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