<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE BALANCE SHEET AS OF DECEMBER 31, 1997 AND THE RELATED STATEMENT OF OPERATION FOR THE FOUR MONTHS THEN ENDED AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 4-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> SEP-01-1997 <PERIOD-END> DEC-31-1997 <CASH> 3,135,893 <SECURITIES> 0 <RECEIVABLES> 132,835 <ALLOWANCES> 83,000 <INVENTORY> 0 <CURRENT-ASSETS> 3,358,132 <PP&E> 445,418 <DEPRECIATION> (198,879) <TOTAL-ASSETS> 3,646,690 <CURRENT-LIABILITIES> 969,194 <BONDS> 0 <PREFERRED-MANDATORY> 5,004,341 <PREFERRED> 0 <COMMON> 5,513 <OTHER-SE> (2,321,332) <TOTAL-LIABILITY-AND-EQUITY> (2,326,845) <SALES> 65,000 <TOTAL-REVENUES> 302,541 <CGS> 0 <TOTAL-COSTS> 285,037 <OTHER-EXPENSES> 1,081,963 <LOSS-PROVISION> 4,600 <INTEREST-EXPENSE> 105,375 <INCOME-PRETAX> (1,163,705) <INCOME-TAX> 0 <INCOME-CONTINUING> (1,064,459) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,165,688) <EPS-BASIC> (0.21) <EPS-DILUTED> 0