<ARTICLE> 5 <LEGEND> THE UNAUDITED FINANCIAL STATEMENTS OF THE COMPANY-GOING CONCERN BASIS, AS AT AND FOR THE QUARTER-TO-DATE AND YEAR-TO-DATE PERIODS ENDED SEPTEMBER 16, 1998. </LEGEND> <PERIOD-TYPE> OTHER <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> SEP-16-1998 <CASH> 2,456,353 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,457,757 <PP&E> 5,514,468 <DEPRECIATION> 0 <TOTAL-ASSETS> 7,972,225 <CURRENT-LIABILITIES> 4,100,306 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 13,576 <OTHER-SE> 3,858,343 <TOTAL-LIABILITY-AND-EQUITY> 7,972,225 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> (1,121,510) <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (1,121,510) <INCOME-TAX> 0 <INCOME-CONTINUING> (1,121,510) <DISCONTINUED> 0 <EXTRAORDINARY> 540,150 <CHANGES> 0 <NET-INCOME> (581,360) <EPS-PRIMARY> (.04) <EPS-DILUTED> (.04)