<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