<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-END> JUN-30-1995 <CASH> 2,769,316 <SECURITIES> 0 <RECEIVABLES> 201,245 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 3,619,738 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 5,857,072 <CURRENT-LIABILITIES> 3,994,322 <BONDS> 0 <COMMON> 630,492 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> (12,692) <TOTAL-LIABILITY-AND-EQUITY> 5,857,072 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 83,306 <INCOME-PRETAX> (5,324,635) <INCOME-TAX> 0 <INCOME-CONTINUING> (5,324,635) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (5,324,635) <EPS-PRIMARY> ($0.31) <EPS-DILUTED> ($0.31)