<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM MSI
HOLDINGS, INC. FINANCIAL STATEMENTS AS OF AND FOR THE THREE MONTH PERIOD ENDED
JUNE 30, 2000 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> MAR-31-2001
<PERIOD-END> JUN-30-2000
<CASH> 34,945,717
<SECURITIES> 0
<RECEIVABLES> 1,059,632
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 36,138,536
<PP&E> 16,519,166
<DEPRECIATION> 1,588,668
<TOTAL-ASSETS> 51,230,192
<CURRENT-LIABILITIES> 588,331
<BONDS> 0
0
0
<COMMON> 3,668,745
<OTHER-SE> 45,378,393
<TOTAL-LIABILITY-AND-EQUITY> 51,230,192
<SALES> 909,445
<TOTAL-REVENUES> 909,445
<CGS> 468,596
<TOTAL-COSTS> 468,596
<OTHER-EXPENSES> 5,204,115
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> (504,027)
<INCOME-PRETAX> (4,259,239)
<INCOME-TAX> 0
<INCOME-CONTINUING> (4,259,239)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (4,259,239)
<EPS-BASIC> (0.12)
<EPS-DILUTED> (0.12)
</TABLE>