<ARTICLE> 5 <FISCAL-YEAR-END> AUG-31-1997 <PERIOD-START> SEP-01-1996 <PERIOD-END> AUG-31-1997 <PERIOD-TYPE> 12-MOS <CASH> 4,112 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 4,112 <PP&E> 509,888 <DEPRECIATION> 459,951 <TOTAL-ASSETS> 195,040 <CURRENT-LIABILITIES> 4,572,376 <BONDS> 20,437 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 38,258,096 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 195,040 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 2,622,014 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 426,971 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 0 <EPS-PRIMARY> (3,927,866) <EPS-DILUTED> .11