<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> MAR-31-1998 <PERIOD-END> JUN-30-1997 <CASH> 114,390 <SECURITIES> 0 <RECEIVABLES> 968,593 <ALLOWANCES> 0 <INVENTORY> 2,731,975 <CURRENT-ASSETS> 3,814,958 <PP&E> 31,487,776 <DEPRECIATION> (130,000) <TOTAL-ASSETS> 35,937,653 <CURRENT-LIABILITIES> 676,539 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 10,000 <COMMON> 671,802 <OTHER-SE> 34,155,562 <TOTAL-LIABILITY-AND-EQUITY> 35,967,653 <SALES> 282,518 <TOTAL-REVENUES> 412,518 <CGS> 325,159 <TOTAL-COSTS> 325,159 <OTHER-EXPENSES> 223,424 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (136,065) <INCOME-TAX> 0 <INCOME-CONTINUING> (136,065) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (136,065) <EPS-PRIMARY> (0.002) <EPS-DILUTED> (0.002)