<ARTICLE>                     5
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE COMPANY'S
FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>

                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                              DEC-31-1999
<PERIOD-START>                                 JAN-01-1999
<PERIOD-END>                                   JUN-30-1999
<CASH>                                         50,907,296
<SECURITIES>                                   0
<RECEIVABLES>                                  25,000
<ALLOWANCES>                                   0
<INVENTORY>                                    0
<CURRENT-ASSETS>                               51,254,060
<PP&E>                                         4,148,482
<DEPRECIATION>                                 (586,766)
<TOTAL-ASSETS>                                 56,000,685
<CURRENT-LIABILITIES>                          1,449,265
<BONDS>                                        0
<PREFERRED-MANDATORY>                          0
<PREFERRED>                                    0
<COMMON>                                       17,185
<OTHER-SE>                                     54,534,235
<TOTAL-LIABILITY-AND-EQUITY>                   56,000,685
<SALES>                                        0
<TOTAL-REVENUES>                               27,171
<CGS>                                          0
<TOTAL-COSTS>                                  5,989,799
<OTHER-EXPENSES>                               0
<LOSS-PROVISION>                               0
<INTEREST-EXPENSE>                             216,182
<INCOME-PRETAX>                                (6,129,059)
<INCOME-TAX>                                   2,824,069
<INCOME-CONTINUING>                            (3,304,990)
<DISCONTINUED>                                 0
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                                   (3,304,990)
<EPS-BASIC>                                  (0.25)
<EPS-DILUTED>                                  (0.25)