<ARTICLE> 5 <PERIOD-TYPE> YEAR 6-MOS <FISCAL-YEAR-END> DEC-31-1996 DEC-31-1997 <PERIOD-START> JAN-01-1996 JAN-01-1997 <PERIOD-END> DEC-31-1996 JUN-30-1997 <CASH> 1,167,458 5,538,099 <SECURITIES> 0 0 <RECEIVABLES> 0 0 <ALLOWANCES> 0 0 <INVENTORY> 0 0 <CURRENT-ASSETS> 1,174,458 5,538,099 <PP&E> 14,081 53,955 <DEPRECIATION> 2,352 0 <TOTAL-ASSETS> 1,226,134 5,661,920 <CURRENT-LIABILITIES> 12,855 109,874 <BONDS> 0 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 593,271 5,574,647 <COMMON> 1,029,803 1,095,803 <OTHER-SE> (409,795) (1,118,404) <TOTAL-LIABILITY-AND-EQUITY> 1,226,134 5,661,920 <SALES> 0 0 <TOTAL-REVENUES> 0 0 <CGS> 0 0 <TOTAL-COSTS> 0 0 <OTHER-EXPENSES> 286,684 505,831 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 0 0 <INCOME-PRETAX> (382,608) (708,609) <INCOME-TAX> 0 0 <INCOME-CONTINUING> (382,608) (708,609) <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> (382,608) (708,609) <EPS-PRIMARY> 0 0 <EPS-DILUTED> (0.14) (0.17)