<ARTICLE>             5

<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM 
REGENT GROUP INC. AND SUBSIDIARY FINANCIAL STATEMENTS AT JULY 31, 1998 
AND THE YEAR THEN ENDED AND IS QUALIFIED IN ITS ENTIRETY BY 
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER>          1

       
                               
<PERIOD-TYPE>                     YEAR
<FISCAL-YEAR-END>                                 JUL-31-1998
<PERIOD-END>                                      JUL-31-1998
<CASH>                                                  4,111
<SECURITIES>                                                0
<RECEIVABLES>                                               0
<ALLOWANCES>                                                0
<INVENTORY>                                                 0
<CURRENT-ASSETS>                                      312,566
<PP&E>                                                 42,711
<DEPRECIATION>                                         39,153
<TOTAL-ASSETS>                                      1,447,224
<CURRENT-LIABILITIES>                               1,711,329
<BONDS>                                                     0
<PREFERRED-MANDATORY>                                       0
<PREFERRED>                                           195,045
<COMMON>                                              156,878
<OTHER-SE>                                           (616,028)
<TOTAL-LIABILITY-AND-EQUITY>                        1,447,224
<SALES>                                                33,188
<TOTAL-REVENUES>                                       33,188
<CGS>                                                   4,102
<TOTAL-COSTS>                                       2,568,449
<OTHER-EXPENSES>                                            0
<LOSS-PROVISION>                                            0
<INTEREST-EXPENSE>                                    435,129
<INCOME-PRETAX>                                    (1,908,775)
<INCOME-TAX>                                                0
<INCOME-CONTINUING>                                (1,908,775)
<DISCONTINUED>                                              0
<EXTRAORDINARY>                                             0
<CHANGES>                                                   0
<NET-INCOME>                                       (1,908,775)
<EPS-PRIMARY>                                            (.97)
<EPS-DILUTED>                                            (.97)