<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> JUN-30-1998 <CASH> 2,557,565 <SECURITIES> 0 <RECEIVABLES> 61,972 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,658,925 <PP&E> 205,951 <DEPRECIATION> 0 <TOTAL-ASSETS> 2,960,226 <CURRENT-LIABILITIES> 612,011 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 148,242 <OTHER-SE> (800,027) <TOTAL-LIABILITY-AND-EQUITY> 2,960,226 <SALES> 0 <TOTAL-REVENUES> 84,372 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 2,156,206 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 305,514 <INCOME-PRETAX> (2,228,173) <INCOME-TAX> 0 <INCOME-CONTINUING> (2,288,173) <DISCONTINUED> 60,000 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (2,228,173) <EPS-PRIMARY> (0.15) <EPS-DILUTED> (0.15)