<ARTICLE> 5 <PERIOD-TYPE> OTHER 9-MOS <FISCAL-YEAR-END> DEC-31-1998 DEC-31-1999 <PERIOD-START> JUN-22-1998 JAN-01-1999 <PERIOD-END> DEC-31-1998 SEP-30-1999 <CASH> 4,164,500 3,582,100 <SECURITIES> 5,000,000 42,907,100 <RECEIVABLES> 0 0 <ALLOWANCES> 0 0 <INVENTORY> 0 0 <CURRENT-ASSETS> 167,600 1,204,900 <PP&E> 486,200 3,131,400 <DEPRECIATION> 4,200 252,300 <TOTAL-ASSETS> 10,001,200 73,353,000 <CURRENT-LIABILITIES> 411,500 11,509,000 <BONDS> 0 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 10,400 19,100 <COMMON> 4,100 7,000 <OTHER-SE> 9,575,200 59,828,700 <TOTAL-LIABILITY-AND-EQUITY> 10,001,200 73,353,000 <SALES> 0 0 <TOTAL-REVENUES> 0 0 <CGS> 0 0 <TOTAL-COSTS> 0 0 <OTHER-EXPENSES> 785,700 7,413,700 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 0 138,600 <INCOME-PRETAX> (855,800) (7,285,400) <INCOME-TAX> 0 0 <INCOME-CONTINUING> (855,800) (7,285,400) <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> (855,800) (7,285,400) <EPS-BASIC> 0 0 <EPS-DILUTED> 0 0