<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FINANCIAL STATEMENTS OF THE COMPANY, AUDITED BY COGEN SKLAR LLP, FOR THE FISCAL YEAR ENDED DECEMBER 31, 1997 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> DEC-31-1997 <CASH> 15,070 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 15,070 <PP&E> 18,557 <DEPRECIATION> 12,376 <TOTAL-ASSETS> 8,021,771 <CURRENT-LIABILITIES> 3,568,491 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 13,576 <OTHER-SE> 4,439,704 <TOTAL-LIABILITY-AND-EQUITY> 8,021,771 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 3,958,452 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 182,161 <INCOME-PRETAX> (4,140,613) <INCOME-TAX> 0 <INCOME-CONTINUING> (4,140,613) <DISCONTINUED> 0 <EXTRAORDINARY> 40,994 <CHANGES> 0 <NET-INCOME> (4,099,619) <EPS-PRIMARY> (0.32) <EPS-DILUTED> (0.32)