<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
COMPANY'S FORM 10-QSB FOR THE PERIOD ENDED AUGUST 31, 2000 AND IS QUALIFIED IN
ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> MAY-31-2001
<PERIOD-START> JUN-01-2000
<PERIOD-END> AUG-31-2000
<CASH> 6,911,512
<SECURITIES> 99,620
<RECEIVABLES> 153,932
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 7,243,963
<PP&E> 1,011,130
<DEPRECIATION> 186,326
<TOTAL-ASSETS> 9,713,081
<CURRENT-LIABILITIES> 1,113,613
<BONDS> 0
0
0
<COMMON> 251,083
<OTHER-SE> 2,974,412
<TOTAL-LIABILITY-AND-EQUITY> 9,713,081
<SALES> 0
<TOTAL-REVENUES> 422,205
<CGS> 365,969
<TOTAL-COSTS> 3,966,084
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> (148,417)
<INCOME-PRETAX> (3,395,462)
<INCOME-TAX> 0
<INCOME-CONTINUING> (1,934,007)
<DISCONTINUED> (1,836,720)
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (3,770,727)
<EPS-BASIC> (0.15)
<EPS-DILUTED> (0.15)
</TABLE>