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<TABLE> <S> <C>
<ARTICLE> 5
<RESTATED>
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> JUN-30-2000
<PERIOD-START> JUL-01-1999
<PERIOD-END> SEP-30-1999
<CASH> 156,529
<SECURITIES> 0
<RECEIVABLES> 257,433
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 8,098,181
<PP&E> 49,563
<DEPRECIATION> 22,117
<TOTAL-ASSETS> 105,323,021
<CURRENT-LIABILITIES> 69,234,482
<BONDS> 0
0
0
<COMMON> 230,583
<OTHER-SE> 28,362,054
<TOTAL-LIABILITY-AND-EQUITY> 105,323,021
<SALES> 0
<TOTAL-REVENUES> 670,409
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 1,316,989
<INCOME-PRETAX> (724,954)
<INCOME-TAX> 118,118
<INCOME-CONTINUING> 22,676
<DISCONTINUED> 460,320
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 482,996
<EPS-BASIC> .02
<EPS-DILUTED> .02
</TABLE>
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