<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from form 10-QSB for the period ended March 31, 1996 and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> JUN-30-1996 <CASH> 502,595 <SECURITIES> 0 <RECEIVABLES> 500,000 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,054,782 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 1,077,635 <CURRENT-LIABILITIES> 1,051,144 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 293 <OTHER-SE> 26,198 <TOTAL-LIABILITY-AND-EQUITY> 1,077,635 <SALES> 0 <TOTAL-REVENUES> 525,776 <CGS> 0 <TOTAL-COSTS> 1,706,987 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (1,181,211) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,181,211) <EPS-PRIMARY> (.41) <EPS-DILUTED> (.41)