<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL
INFORMATION EXTRACTED FROM OTC AMERICA, INC.
UNAUDITED BALANCE SHEET AS OF MARCH 31, 2000
AND THE RELATED STATEMENT OF INCOME FOR THE
NINE MONTHS THEN ENDED AND IS QUALIFIED IN
ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<CIK> 0000803265
<NAME> OTC AMERICA, INC.
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> JUN-30-2000
<PERIOD-START> JUL-01-1999
<PERIOD-END> MAR-31-2000
<EXCHANGE-RATE> 1
<CASH> 329,972
<SECURITIES> 0
<RECEIVABLES> 93,151
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 665,426
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 5,265,042
<CURRENT-LIABILITIES> 1,427,325
<BONDS> 0
4,579,119
0
<COMMON> 1,090
<OTHER-SE> (802,369)
<TOTAL-LIABILITY-AND-EQUITY> 5,265,042
<SALES> 112,399
<TOTAL-REVENUES> 112,399
<CGS> 0
<TOTAL-COSTS> 453,865
<OTHER-EXPENSES> (41,864)
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 2,139,476
<INCOME-PRETAX> (2,439,078)
<INCOME-TAX> 0
<INCOME-CONTINUING> (2,439,078)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (2,439,078)
<EPS-BASIC> (0.29)
<EPS-DILUTED> (0.29)
</TABLE>