<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JUL-01-1998 <PERIOD-END> SEP-30-1998 <CASH> 37,787 <SECURITIES> 432,165 <RECEIVABLES> 35,716 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 523,847 <PP&E> 753,974 <DEPRECIATION> 31,941 <TOTAL-ASSETS> 1,277,821 <CURRENT-LIABILITIES> 5,015,864 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 155,595 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 1,277,821 <SALES> 0 <TOTAL-REVENUES> 236,439 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 1,061,643 <LOSS-PROVISION> (825,204) <INTEREST-EXPENSE> 375,410 <INCOME-PRETAX> (825,204) <INCOME-TAX> 0 <INCOME-CONTINUING> (825,204) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (825,204) <EPS-PRIMARY> (.053) <EPS-DILUTED> (.053)