<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> JUN-30-2001 <PERIOD-END> DEC-31-2000 <CASH> 0 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 114,559 <PP&E> 19,708,519 <DEPRECIATION> 0 <TOTAL-ASSETS> 19,858,078 <CURRENT-LIABILITIES> 15,943,316 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 1,250,000 <COMMON> 75,000 <OTHER-SE> 2,589,762 <TOTAL-LIABILITY-AND-EQUITY> 19,858,078 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 253,083 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (253,083) <INCOME-TAX> 0 <INCOME-CONTINUING> (253,083) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (253,083) <EPS-BASIC> (.00) <EPS-DILUTED> (.00)