<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Balance Sheet, Statement of Operations, Statement of Cash Flows and Notes thereto incorporated in Part I, Item 1 of this Form 10-QSB and is qualified by its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> AUG-31-1996 <PERIOD-END> MAY-31-1997 <CASH> 292,142 <SECURITIES> 0 <RECEIVABLES> 130,094 <ALLOWANCES> 0 <INVENTORY> 31,310 <CURRENT-ASSETS> 543,324 <PP&E> 4,512,417 <DEPRECIATION> 539,866 <TOTAL-ASSETS> 4,827,278 <CURRENT-LIABILITIES> 573,022 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 2,331 <OTHER-SE> 4,251,925 <TOTAL-LIABILITY-AND-EQUITY> 4,827,278 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 254,095 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 11,824 <INCOME-PRETAX> (264,561) <INCOME-TAX> 0 <INCOME-CONTINUING> (264,561) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (264,561) <EPS-PRIMARY> (0.12) <EPS-DILUTED> (0.12)