<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> JUN-30-1999 <PERIOD-END> SEP-30-1999 <CASH> 1,178,618 <SECURITIES> 420 <RECEIVABLES> 105,207 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,318,301 <PP&E> 23,118,032 <DEPRECIATION> 296,835 <TOTAL-ASSETS> 24,144,598 <CURRENT-LIABILITIES> 1,448,641 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 442 <COMMON> 33,180 <OTHER-SE> 21,447,494 <TOTAL-LIABILITY-AND-EQUITY> 24,144,598 <SALES> 315,712 <TOTAL-REVENUES> 320,395 <CGS> 159,904 <TOTAL-COSTS> 295,162 <OTHER-EXPENSES> 4,416 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 210 <INCOME-PRETAX> 20,607 <INCOME-TAX> 0 <INCOME-CONTINUING> 20,607 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 20,607 <EPS-BASIC> .001 <EPS-DILUTED> .001