<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> JUN-30-1999 <CASH> 7,155,075 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 8,143,623 <PP&E> 437,340 <DEPRECIATION> 242,931 <TOTAL-ASSETS> 8,364,932 <CURRENT-LIABILITIES> 268,281 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 26,511,548 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 8,364,932 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> (1,072,522) <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> (81,430) <INCOME-PRETAX> (990,594) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (990,594) <EPS-BASIC> (0.09) <EPS-DILUTED> (0.09)