<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> APR-30-1999 <PERIOD-START> MAY-01-1998 <PERIOD-END> JUL-31-1998 <CASH> 955 <SECURITIES> 28,285,196 <RECEIVABLES> 287,377 <ALLOWANCES> 279,954 <INVENTORY> 30,724 <CURRENT-ASSETS> 59,833 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 126,933 <CURRENT-LIABILITIES> 986,352 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 5,190,265 <OTHER-SE> (6,049,684) <TOTAL-LIABILITY-AND-EQUITY> 126,933 <SALES> 0 <TOTAL-REVENUES> 13,964 <CGS> 0 <TOTAL-COSTS> 88,776 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 11,859 <INTEREST-EXPENSE> 9,983 <INCOME-PRETAX> (97,654) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (97,654) <EPS-PRIMARY> 0.00 <EPS-DILUTED> 0.00