<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> JUN-30-1997 <CASH> 453,812 <SECURITIES> 0 <RECEIVABLES> 8,611 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 512,799 <PP&E> 165,555 <DEPRECIATION> 14,506 <TOTAL-ASSETS> 2,070,668 <CURRENT-LIABILITIES> 3,439,422 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 6,267 <OTHER-SE> (1,378,487) <TOTAL-LIABILITY-AND-EQUITY> 2,070,668 <SALES> 0 <TOTAL-REVENUES> 11,328 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 942,681 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 135,112 <INCOME-PRETAX> (1,077,793) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,077,793) <EPS-PRIMARY> (0.18) <EPS-DILUTED> (0.18)