<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> JUN-30-1998 <PERIOD-START> JUL-01-1998 <PERIOD-END> MAR-31-1999 <CASH> 33,927 <SECURITIES> 0 <RECEIVABLES> 21,198 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 6,000 <PP&E> 0 <DEPRECIATION> 1,631 <TOTAL-ASSETS> 59,494 <CURRENT-LIABILITIES> (121,084) <BONDS> (445,306) <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 274,961 <OTHER-SE> 410,923 <TOTAL-LIABILITY-AND-EQUITY> 59,494 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 656,599 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,108,333 <INCOME-PRETAX> (1,764,932) <INCOME-TAX> 0 <INCOME-CONTINUING> (1,764,932) <DISCONTINUED> 0 <EXTRAORDINARY> 2,056,474 <CHANGES> 0 <NET-INCOME> 291,543 <EPS-PRIMARY> .01 <EPS-DILUTED> .01