<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> JUN-30-1999 <PERIOD-END> SEP-30-1998 <CASH> 3,263,267 <SECURITIES> 1,000 <RECEIVABLES> 31,404 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 3,509,407 <PP&E> 18,556,082 <DEPRECIATION> 235,158 <TOTAL-ASSETS> 21,833,181 <CURRENT-LIABILITIES> 1,589,192 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 514 <COMMON> 29,779 <OTHER-SE> 19,856,941 <TOTAL-LIABILITY-AND-EQUITY> 21,833,181 <SALES> 52,571 <TOTAL-REVENUES> 67,607 <CGS> 45,604 <TOTAL-COSTS> 186,446 <OTHER-EXPENSES> 2,300 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,446 <INCOME-PRETAX> (122,585) <INCOME-TAX> 0 <INCOME-CONTINUING> (122,585) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (122,585) <EPS-PRIMARY> (.004) <EPS-DILUTED> (.003)