<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE JUNE 30,
1997 UNAUDITED FINANCIAL STATEMENT AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1
<CURRENCY> U.S. DOLLARS
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          SEP-30-1996
<PERIOD-START>                             OCT-01-1996
<PERIOD-END>                               JUN-30-1997
<EXCHANGE-RATE>                                      1
<CASH>                                         538,474
<SECURITIES>                                 3,500,000
<RECEIVABLES>                                    5,357
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             1,375,839
<PP&E>                                       8,925,067
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                              14,146,996
<CURRENT-LIABILITIES>                        4,670,402
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                         7,112
<OTHER-SE>                                   2,576,461
<TOTAL-LIABILITY-AND-EQUITY>                14,146,996
<SALES>                                      1,881,445
<TOTAL-REVENUES>                             1,939,063
<CGS>                                          447,593
<TOTAL-COSTS>                                  447,593
<OTHER-EXPENSES>                             1,748,025
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             618,025
<INCOME-PRETAX>                              (246,562)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 (246,562)
<EPS-PRIMARY>                                  (0.091)
<EPS-DILUTED>                                  (0.091)