<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE QUARTERLY REPORT ON FORM 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS CONTAINED THEREIN. </LEGEND> <CURRENCY> CANADIAN DOLLARS <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> AUG-31-1997 <PERIOD-START> SEP-01-1996 <PERIOD-END> NOV-30-1996 <EXCHANGE-RATE> 1.3489 <CASH> 2,180,444 <SECURITIES> 2,866,125 <RECEIVABLES> 1,239,733 <ALLOWANCES> 46,500 <INVENTORY> 862,864 <CURRENT-ASSETS> 7,538,516 <PP&E> 3,978,811 <DEPRECIATION> 0 <TOTAL-ASSETS> 14,472,022 <CURRENT-LIABILITIES> 2,953,148 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 11,523 <COMMON> 150,187 <OTHER-SE> 8,867,042 <TOTAL-LIABILITY-AND-EQUITY> 14,472,022 <SALES> 0 <TOTAL-REVENUES> 2,222,524 <CGS> 0 <TOTAL-COSTS> 744,165 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 295,583 <INCOME-TAX> 144,265 <INCOME-CONTINUING> 151,318 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 151,318 <EPS-PRIMARY> .06 <EPS-DILUTED> .06