<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)