<ARTICLE>                       5
<LEGEND>
            THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION
            EXTRACTED FROM AMTEC, INC.'S FORM 10Q ENDING JUNE 30, 1998.
            IT IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
            FINANCIAL STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>               MAR-31-1999
<PERIOD-START>                  APR-01-1998
<PERIOD-END>                    JUN-30-1998
<CASH>                          9,017,732
<SECURITIES>                    0
<RECEIVABLES>                   105,957
<ALLOWANCES>                    0
<INVENTORY>                     0
<CURRENT-ASSETS>                9,398,061
<PP&E>                          876,266
<DEPRECIATION>                  29,122
<TOTAL-ASSETS>                  39,335,121
<CURRENT-LIABILITIES>           11,024,646
<BONDS>                         0
<PREFERRED-MANDATORY>           0
<PREFERRED>                     1
<COMMON>                        26,983
<OTHER-SE>                      6,076,610
<TOTAL-LIABILITY-AND-EQUITY>    39,335,121
<SALES>                         0
<TOTAL-REVENUES>                0
<CGS>                           0
<TOTAL-COSTS>                   1,549,437
<OTHER-EXPENSES>                83,928
<LOSS-PROVISION>                0
<INTEREST-EXPENSE>              0
<INCOME-PRETAX>                 (1,671,688)
<INCOME-TAX>                    0
<INCOME-CONTINUING>             (1,671,688)
<DISCONTINUED>                  0
<EXTRAORDINARY>                 0
<CHANGES>                       0
<NET-INCOME>                    (1,671,688)
<EPS-PRIMARY>                   (0.06)
<EPS-DILUTED>                   0.00