<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> MAR-31-1999 <PERIOD-START> APR-01-1998 <PERIOD-END> JUN-30-1998 <CASH> 2,048,009 <SECURITIES> 0 <RECEIVABLES> 414,330 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,474,241 <PP&E> 194,971 <DEPRECIATION> 13,906 <TOTAL-ASSETS> 2,910,781 <CURRENT-LIABILITIES> 514,264 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 42,729 <OTHER-SE> 271,957 <TOTAL-LIABILITY-AND-EQUITY> 2,910,781 <SALES> 0 <TOTAL-REVENUES> 278,343 <CGS> 0 <TOTAL-COSTS> 729,587 <OTHER-EXPENSES> (23,807) <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 39,718 <INCOME-PRETAX> (467,155) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (467,155) <EPS-PRIMARY> (0.11) <EPS-DILUTED> (0.11)