<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> MAR-31-1998 <PERIOD-START> APR-01-1997 <PERIOD-END> JUN-30-1997 <CASH> 1,923,231 <SECURITIES> 0 <RECEIVABLES> 124,320 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,090,733 <PP&E> 217,111 <DEPRECIATION> 15,671 <TOTAL-ASSETS> 2,323,727 <CURRENT-LIABILITIES> 172,912 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 42,729 <OTHER-SE> 2,108,086 <TOTAL-LIABILITY-AND-EQUITY> 2,323,727 <SALES> 0 <TOTAL-REVENUES> 85,582 <CGS> 0 <TOTAL-COSTS> 555,334 <OTHER-EXPENSES> (27,155) <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (442,597) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (442,597) <EPS-PRIMARY> (0.10) <EPS-DILUTED> (0.10)