<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> JUN-30-1998 <PERIOD-END> SEP-30-1998 <CASH> 98,000 <SECURITIES> 1,385,000 <RECEIVABLES> 1,055,000 <ALLOWANCES> 0 <INVENTORY> 33,449,000 <CURRENT-ASSETS> 35,986,000 <PP&E> 624,000 <DEPRECIATION> 231,000 <TOTAL-ASSETS> 36,654,000 <CURRENT-LIABILITIES> 23,618,000 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 684,000 <OTHER-SE> 12,131,000 <TOTAL-LIABILITY-AND-EQUITY> 36,654,000 <SALES> 1,327,000 <TOTAL-REVENUES> 1,447,000 <CGS> 1,389,000 <TOTAL-COSTS> 454,000 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 138,000 <INCOME-PRETAX> ( 534,000) <INCOME-TAX> ( 186,000) <INCOME-CONTINUING> ( 348,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> ( 348,000) <EPS-PRIMARY> (.02) <EPS-DILUTED> (.02)