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<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
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<FISCAL-YEAR-END> SEP-30-2000
<PERIOD-START> JUN-03-1999
<PERIOD-END> SEP-30-1999
<CASH> 5,973,956
<SECURITIES> 3,223,123
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 9,509,401
<PP&E> 24,809
<DEPRECIATION> (2,207)
<TOTAL-ASSETS> 11,441,151
<CURRENT-LIABILITIES> 6,993,028
<BONDS> 0
0
0
<COMMON> 13,846
<OTHER-SE> 10,873,769
<TOTAL-LIABILITY-AND-EQUITY> 11,441,151
<SALES> 0
<TOTAL-REVENUES> 0
<CGS> 0
<TOTAL-COSTS> 910,202
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> (846,595)
<INCOME-TAX> 408,080
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (438,595)
<EPS-BASIC> (.05)
<EPS-DILUTED> (.05)
</TABLE>
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