<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE AUDITED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 1998 AND 1999 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> DEC-31-1999 <CASH> 2,260,526 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,260,526 <PP&E> 85,292 <DEPRECIATION> (23,429) <TOTAL-ASSETS> 2,825,225 <CURRENT-LIABILITIES> 322,805 <BONDS> 0 <PREFERRED-MANDATORY> 4,303,662 <PREFERRED> 0 <COMMON> 7,382 <OTHER-SE> (1,992,695) <TOTAL-LIABILITY-AND-EQUITY> 2,825,225 <SALES> 0 <TOTAL-REVENUES> 64,888 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 5,002,488 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,662 <INCOME-PRETAX> (4,939,262) <INCOME-TAX> 0 <INCOME-CONTINUING> (4,939,262) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (4,939,262) <EPS-BASIC> (0.75) <EPS-DILUTED> (0.75)