<TABLE> <S> <C>
<ARTICLE> 5
<S> <C> <C>
<PERIOD-TYPE> 6-MOS YEAR
<FISCAL-YEAR-END> JUN-30-1999 DEC-31-1998
<PERIOD-END> DEC-31-1999 DEC-31-1998
<CASH> 4,561,379 1,111,875
<SECURITIES> 0 0
<RECEIVABLES> 0 0
<ALLOWANCES> 461,728 3,778,708
<INVENTORY> 0 0
<CURRENT-ASSETS> 5,023,107 4,890,583
<PP&E> 72,111 60,388
<DEPRECIATION> 0 0
<TOTAL-ASSETS> 5,234,281 5,001,875
<CURRENT-LIABILITIES> 21,757 26,010
<BONDS> 0 0
0 0
0 0
<COMMON> 4,320,155 4,166,667
<OTHER-SE> 28,439 (24,135)
<TOTAL-LIABILITY-AND-EQUITY> 5,234,281 5,001,875
<SALES> 0 0
<TOTAL-REVENUES> 251,818 3,036
<CGS> 0 0
<TOTAL-COSTS> 0 0
<OTHER-EXPENSES> (185,165) (27,198)
<LOSS-PROVISION> 0 0
<INTEREST-EXPENSE> 0 0
<INCOME-PRETAX> 66,653 (24,135)
<INCOME-TAX> (13,192) 0
<INCOME-CONTINUING> 0 0
<DISCONTINUED> 0 0
<EXTRAORDINARY> (887) 0
<CHANGES> 0 0
<NET-INCOME> 52,574 (24,135)
<EPS-BASIC> 0.003 (0.002)
<EPS-DILUTED> 0.003 (0.002)
</TABLE>