<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> MAR-31-1997 <CASH> 512,775 <SECURITIES> 0 <RECEIVABLES> 799,500 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,806,335 <PP&E> 277,068 <DEPRECIATION> 57,505 <TOTAL-ASSETS> 5,282,541 <CURRENT-LIABILITIES> 1,170,161 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 4,209,851 <OTHER-SE> (654,011) <TOTAL-LIABILITY-AND-EQUITY> 5,282,541 <SALES> 0 <TOTAL-REVENUES> (20,140) <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (1,122,878) <INCOME-TAX> (40,107) <INCOME-CONTINUING> (1,082,771) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,082,771) <EPS-PRIMARY> (0.53) <EPS-DILUTED> (0.53)