<ARTICLE> 5

                                               
<PERIOD-TYPE>                   12-MOS                12-MOS
<FISCAL-YEAR-END>                         JUN-30-1999   JUN-30-1998
<PERIOD-START>                            JUL-01-1998   JUL-01-1997
<PERIOD-END>                              JUN-30-1999   JUN-30-1998
<CASH>                                        482,000       321,900
<SECURITIES>                                5,000,000     5,311,300
<RECEIVABLES>                                 538,400       104,900
<ALLOWANCES>                                   80,100             0
<INVENTORY>                                         0             0
<CURRENT-ASSETS>                            9,668,000    10,772,600
<PP&E>                                      2,253,500        14,400
<DEPRECIATION>                              (369,300)       (1,700)
<TOTAL-ASSETS>                             18,861,500    11,543,400
<CURRENT-LIABILITIES>                       2,447,200       208,200
<BONDS>                                             0             0
<PREFERRED-MANDATORY>                               0             0
<PREFERRED>                                         0             0
<COMMON>                                      136,600       123,100
<OTHER-SE>                                 15,960,800    11,212,100
<TOTAL-LIABILITY-AND-EQUITY>               18,861,500    11,543,400
<SALES>                                       725,300             0
<TOTAL-REVENUES>                              725,300             0
<CGS>                                         445,500             0
<TOTAL-COSTS>                               3,656,300       733,100
<OTHER-EXPENSES>                              107,700             0
<LOSS-PROVISION>                                    0             0
<INTEREST-EXPENSE>                                  0             0
<INCOME-PRETAX>                           (2,526,400)     (316,500)
<INCOME-TAX>                                (811,000)     (108,000)
<INCOME-CONTINUING>                       (1,715,400)     (208,500)
<DISCONTINUED>                              3,117,600     3,575,200
<EXTRAORDINARY>                                     0             0
<CHANGES>                                           0             0
<NET-INCOME>                                1,402,200     3,366,700
<EPS-BASIC>                                      0.22          0.54
<EPS-DILUTED>                                    0.22          0.54