<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE MARCH 31, 1999 UNAUDITED FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> SEP-30-1998 <PERIOD-START> OCT-01-1998 <PERIOD-END> MAR-31-1999 <EXCHANGE-RATE> 1 <CASH> 383,918 <SECURITIES> 0 <RECEIVABLES> 413,073 <ALLOWANCES> 0 <INVENTORY> 35,048 <CURRENT-ASSETS> 1,202,544 <PP&E> 13,322,155 <DEPRECIATION> 27,094 <TOTAL-ASSETS> 16,714,845 <CURRENT-LIABILITIES> 17,765,968 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 76,055 <OTHER-SE> (1,129,528) <TOTAL-LIABILITY-AND-EQUITY> 16,714,845 <SALES> 305,000 <TOTAL-REVENUES> 325,252 <CGS> 10,422 <TOTAL-COSTS> 10,422 <OTHER-EXPENSES> 1,273,900 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 702,873 <INCOME-PRETAX> (1,661,943) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> (219,901) <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,881,844) <EPS-BASIC> (0.271) <EPS-DILUTED> (0.271)