<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> MAR-31-1997 <CASH> 442,533 <SECURITIES> 0 <RECEIVABLES> 845,926 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,680,162 <PP&E> 173,840 <DEPRECIATION> 43,849 <TOTAL-ASSETS> 5,066,300 <CURRENT-LIABILITIES> 1,150,832 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 4,255,743 <OTHER-SE> (491,271) <TOTAL-LIABILITY-AND-EQUITY> 5,066,300 <SALES> 0 <TOTAL-REVENUES> (20,935) <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (1,052,319) <INCOME-TAX> (40,907) <INCOME-CONTINUING> (1,011,412) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,011,412) <EPS-PRIMARY> (0.50) <EPS-DILUTED> (0.50)