<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> MAY-31-2000
<PERIOD-START> JUN-01-1999
<PERIOD-END> MAY-31-2000
<CASH> 1,829,580
<SECURITIES> 0
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 2,376,717
<PP&E> 451,252
<DEPRECIATION> 6,717
<TOTAL-ASSETS> 3,515,735
<CURRENT-LIABILITIES> 1,556,777
<BONDS> 0
0
0
<COMMON> 662
<OTHER-SE> 1,958,296
<TOTAL-LIABILITY-AND-EQUITY> 3,515,735
<SALES> 0
<TOTAL-REVENUES> 76,549
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 5,927,044
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 16,347
<INCOME-PRETAX> 0
<INCOME-TAX> 0
<INCOME-CONTINUING> 5,866,842
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 5,866,842
<EPS-BASIC> (.57)
<EPS-DILUTED> 0
</TABLE>